What impact will an extened global economic meltdown have on strategic leadership and corporate culture?
Hi Janine, I foresee these impacts 1. A tough financial landscape as consequence of the current economic recession will generate a worrisome shrinking markets where only the most agile companies will survive in the long term. 2. The organizational climate will be a key factor to be preserved in our organizations when increased layoffs, processes of downsizing and outsourcing in order to reduce costs and the shrinking markets may generate in the workforce deep fears to be fired, and a growing uncertainty about the future that could affect negatively the commitment towards the workplace and the motivation required to excel and succeed in tough times. 3. Although higher employee attrition signifies that a lot of qualified talent surely will be unemployed, Talent Management practices will be substantive to gain and sustain a competitive advantage by applying the best practices in hiring, attracting, engaging, retaining and motivating the best talent available in the market. 4. In most of t
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