Leading through a Crisis

16 September 2022 by Shweta Jhajharia

It’s no secret that businesses are struggling right now. Inflation, cost of doing business and energy costs in the UK are rising. These issues present a situation that we haven’t experienced before. These challenges, coupled with the “great resignation” and other social factors, make leadership more critical than ever.

We just lived through the worst pandemic in living memory, and we have to adapt our businesses and plans once again to unprecedented changes. Unfortunately, the pandemic has forced many companies to change their operations, and many leaders feel uncertain about the future. Just after the pandemic, we face a different type of challenge.

If you’re a business leader trying to navigate these uncharted waters, it’s essential to take a step back and assess your company’s needs. What does the future of your business look like? What changes do you need to make to survive and thrive?

Here are four steps every leader should take when conducting a needs assessment for their business:

  1. Evaluate your current situation. Take a close look at your financials, your team, your products or services, and your customers. What is working well and what isn’t? This will help you identify areas that need improvement.
  2. Set goals for the future. What do you want to achieve in the short-term and long-term? Be realistic but ambitious in setting these goals.
  3. Develop a plan of action. Once you know what needs to be done, you can develop a plan of action to make it happen. This should include both short-term and long-term strategies.
  4. Implement and monitor your plan with frequent meetings to ensure that you have an overview of everything going on during the period of change
  5. Recognize How Important Your Role is in Resolving this Crisis

As a leader, you must recognize that your role is critical in resolving the crisis. In other words, your employees are looking to you for guidance and strength. So you must provide that for them.

It would help if you took the time to listen to your employees. They may have suggestions for resolving the crisis you haven’t considered. Getting as much input as possible from all team members to make the best decisions is essential. You also need to be honest with your employees about the situation. Don’t try to sugarcoat things or downplay the severity of the problem. Your employees must understand precisely what is happening and what is at stake. Only then will they be fully committed to helping you resolve the crisis.

Also, crisis periods are a great time to work with experts to help you achieve your goals faster and with better precision. A crisis is the best time to seek help to maintain good results and keep the company on a growth trajectory. Consultants can look into the business and objectively decide the steps that need to be taken to protect the business and everyone associated with it.

Are you concerned about your business? Then, you can speak to us at Growth Idea by requestion a free consultation where we understand your business and propose strategies to keep you on a growth trajectory.

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Shweta Jhajharia

Shweta Jhajharia is one of the leading authorities on Business Value Building and the creator of the unique 6M Model. Shweta is widely respected as an impactful, intelligent and results orientated professional who helps business leaders unleash their potential to reach meaningful, higher objectives. This realisation of potential and maximisation... Read more