Preparing for potential threats to leadership, building trust with stakeholders and being flexible are all ways in which CEOs can lead their organizations through difficult times of adaptation and become chief change officers, The Harvard Business Review reported June 16.
From staffing shortages to supply chain issues, the turbulence of modern times can make it challenging for CEOs to lead organizations through such changes. Here's three strategies CEOs can use to ensure strong leadership through times of change:
- Agility is the key to guide an organization through a variety of new challenges. Keep an open mind and maintain the ability to pivot quickly.
- Invest in building and keeping trust from consumers, key stakeholders and employees. This lets CEOs and leaders carry out their duties with the confidence of others.
- Keep the board in the loop and prepare for the potential of shareholder activism and threats from the board, especially in times of change.