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How to lead your company out of a crisis


Even good leaders can overlook early signs of trouble, according to Doug Yakola, writing for McKinsey Insights.

Yakola has been running recovery programmes for 20 years as chief restructuring officer or CFO in over a dozen turnaround situations. He has witnessed many managers heading into crisis territory without realising it.

Yakola comments: “They’re not bad managers, but they’re often working under a set of paradigms that no longer apply and letting the power of inertia carry them along.”

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Source Article: Ten Tips For Leading Companies Out Of Crisis
Author(s): Doug Yakola