Leading Through Business Cycles: Lessons Learned From E&C Executives
As we move further into 2020, we find ourselves in a time of unprecedented change and uncertainty. Daily soundbites inundate us about the evolving Covid-19 pandemic, which is wreaking havoc across the globe and sending ripples through the stock market, business environment and the world economy at large.
Economists are debating whether the stock market will just fall into an extended bear market or whether we are facing a full-blown recession. In either case, executives worldwide are vigilant and trying to make sense of this fluctuating information.
In this report, we present results that we gathered from more than 150 engineering and construction (E&C) executives who shared their experiences and strategies from the last downturn, how they focused their energy, and what key lessons they learned.Our findings are organized into the following three main themes:
- Theme 1. Building Long-Lasting Companies: Make Vision and Strategy Count
- Theme 2. Winning Leadership Styles for Bull and Bear Markets
- Theme 3. Lessons Learned From the Great Recession
