Leading Through Economic Cycles and Transitions: Decision Frameworks for the New Economic Reality, by Jonathan H. Westover PhD
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Leading Through Economic Cycles and Transitions: Decision Frameworks for the New Economic Reality, by Jonathan H. Westover PhD
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Abstract: This article examines leadership approaches for navigating economic cycles and transitions in today's volatile business environment. Drawing on research in organizational resilience, economic forecasting, and strategic management, it presents evidence-based frameworks for executive decision-making during periods of economic uncertainty. The analysis explores how economic volatility affects organizational performance and employee well-being, while providing structured approaches to strategic flexibility, scenario planning, and capability building. Case examples from diverse industries demonstrate how organizations have successfully navigated economic transitions through deliberate preparation, strategic workforce management, and innovation-focused investments. The research suggests that leaders who develop systematic approaches to economic cycle management, while maintaining long-term strategic priorities, achieve superior outcomes during both downturns and recovery periods. The article concludes with actionable frameworks for building economic resilience into organizational DNA.