A Change of Leadership Is Often Required

A Change of Leadership Is Often Required^[1]

Many companies that find themselves in a crisis have had some kind of a problem with leadership. To get through the crisis, attention must be paid to two aspects of senior leadership. The first is its capability to lead the company out of the crisis, and the second is its credibility. If the leadership is not capable or not credible, the company will not be able to motivate employees and keep its best people.

A new leadership team is often necessary because a leadership group that has failed in the past may not generate the confidence necessary to motivate and keep critical human capital during the crisis. Moreover, the senior leadership must be in a position to challenge the way things have been done in the past. Senior leadership must not be perceived to have biases toward systems, procedures, and people that are part of the problem. The leadership team must be capable of developing a simple plan that motivates everyone’s buy-in and hard work.

^[1]Material in this section was contributed by William J. Hass of Teamwork Technologies.