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It’s going to be a long, grueling road ahead for CEOs and senior executives -- even if the economy turns the corner. Here’s how leaders can manage the many challenges they’ll face.
June 11, 2009
Most senior executives are pushing hard to keep their companies together. If their businesses are to survive, those leaders can’t overlook opportunities to boost productivity and profitability -- and that means employee engagement is more critical than ever.
Bankers know plenty about their customers. They know their demographic data, their transaction activity, and their financial history. They likely know every necessary personal detail that will protect their assets. But do customers know their bankers? Probably not, Gallup says.
Executives are getting conflicting signals. They’re told the U.S. GDP contracted sharply in early 2009, but also that the recession is bottoming out. Gallup Chief Economist Dennis Jacobe, an early forecaster of the downturn, tries to clear up the confusion.
The economy may get worse before it gets better: Most economists say the U.S. GDP will turn around by mid-2009, but the unemployment rate will continue to climb through 2010. Here’s how executives can keep employees engaged in this rough economic climate.
