Even though there are many articles on leadership communication, this one discusses the six tips on how to improve communication when times are bad.
They say any sailor can navigate on calm seas. It's when the waves are the roughest, when the boat is in peril, that a captain's skills are truly tested. The same is true with business leaders.
The longer this recession continues, the greater the need for leaders to be engaged and to find new and better ways to communicate with their employees. When navigating their companies through these difficult economic times, smart executives are placing a priority to communicating to their customers, employees and shareowners.
Being proactive not only will earn the trust and confidence of these key audiences, it will pay off on the bottom line, too.
A recent study found that companies that communicated effectively over the past five years achieved a 47 percent higher total return than those companies that didn't. According to Rosalind Watson, a communication consultant with Towers Watson, if you invested $100 in a company that emphasized communication, your nest egg would now be worth $130. Meanwhile, your stock in a poor communicating company would be worth just $83.
That's a pretty hefty return on investment, considering it costs very little to provide open, honest, timely communication. So what are some ways to communicate effectively when times are bad? Articles on leadership communication, like this one, show what leading edge executives are doing to communicate when times are bad.
As you peruse articles on leadership communication, you can gain valuable insight on how to lead your employees confidently through difficult times. But, perhaps you are not finding the tailored advice that addresses the specific needs of your business. For one-on-one advice from the country’s leading career coach, contact Garfinkle Executive Coaching. Our executive consulting service provides custom coaching that is tailored to you and your business.
Call 510-339-3201 to stop relying on articles on leadership communication and get the personalized advice you need to make your company better today!
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