What was the real cause of the economic calamity of 2008-'09?
According to Bill George, the author of this execuBook, it wasn't subprime mortgages, credit default swaps or even excessive greed. Those were only symptoms of the real problem, which was failed leadership from leaders who didn't follow their True North - the internal compass of beliefs, values and principles that guide you through life.
Unfortunately, there's no training ground for leading your organization through a crisis, short of gaining the experience yourself. Leaders who never get tested until they reach the top may be unable to cope. Some buckle under the pressure. Others become immobilized. Still others make big mistakes but learn from them to become better leaders the next time around. George describes seven lessons that can help you handle your next crisis.
This summary offers advice from a highly successful business leader about handling crises. It will be of interest to current and aspiring organizational leaders.
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