Friends,
Lesson 1 . Confront reality
Always question whether the “halo effect” of a business or business situation is blinding you to what lies on the horizon.—Herbert Henkel, chairman and CEO of Ingersoll Rand
Few predicted the magnitude of the current crisis. But those in the corporate world who first detected—and accepted—the fact that something was amiss had a distinct advantage in implementing strategies to help weather the storm.
Source: McKinsey August 2009 • Dennis Carey, Michael Patsalos-Fox, and Michael Useem
Lesson 1 . Confront reality
Always question whether the “halo effect” of a business or business situation is blinding you to what lies on the horizon.—Herbert Henkel, chairman and CEO of Ingersoll Rand
Few predicted the magnitude of the current crisis. But those in the corporate world who first detected—and accepted—the fact that something was amiss had a distinct advantage in implementing strategies to help weather the storm.
Source: McKinsey August 2009 • Dennis Carey, Michael Patsalos-Fox, and Michael Useem
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