During a crisis, leaders tend to hyperfocus on managing the threat and neglect long-range thinking. That’s a mistake because vision is critical both for evaluating short-term decisions and for creating a better future.
The coronavirus pandemic has been a major disruption to the world economy. Some believe it will dwarf the effects of the 2008 recession, with fallout rivaling even that of the Great Depression.
With many businesses shuttered and others struggling to survive, some leaders are thinking only in tactical terms. They’re concerned with week-to-week survival, not long term vision.