As I write this, the Dow just dropped more than 1,500 points and it is happening quickly. This following significant declines last week—on good news (jobs growth and higher wages). Concerns about inflation and the impact of a new Fed chair are getting a lot of focus, as is the impact of electronic trading. Opinions vary between “there is a lot of upside in the year” to “a correction is overdue.” Sometimes it is better not to panic and just take a deep breath. The thing is, it will eventually go back up. And there may be a few opportunities along the way.
In your business there will be times when panic and inertia take hold. The key is to keep focused on the fundamentals and not to panic. As a leader, you can bring calm. And in that calm, you may find a few opportunities. How are you making sure panic doesn’t gain hold in your organization?