1. Stand up and be seen. It's a simple yet powerful way for leaders to be effective. Warren Buffett raised his profile in this recession, reassuring investors and even helping to calm markets.
2. Steer the culture with stories. Southwest Airlines has always understood this, celebrating stories of employees who perform heroically for customers. Make sure the stories you repeat embody the culture you're aiming for as the economy recovers.
3. Upgrade your people standards. With high unemployment, you have an opportunity to raise the bar on whom you hire and promote.
For more, see - http://money.cnn.com/2009/11/09/news/economy/recession_leadership.fortune/index.htm?section=magazines_fortune
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