
Why Recessions Forge Great CEOs Who Think Beyond Cost-Cutting
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
October 12, 2022: -The report pointed to the lockdown since October 4 of a famous tourist city in southern Yunnan province, Xinjiang’s ban on people leaving the region due to a local Covid outbreak, and a lockdown in the city of Haikou in Hainan province on October 6.
Nomura’s analysts stated that the seven-day moving average of locally transmitted Covid infections with symptoms doubled from 136 on October 1 to 305 on October 9.
On Monday, mainland China reported 427 new symptomatic Covid cases in more than 20 province-level areas. When adding infections without symptoms, the daily case count surpassed 2,000 and came from all 31 province-level parts.
Domestic tourism revenue during the visit this month, China’s last public holiday of the year, came in at 287.21 billion yuan ($40.45 billion), according to China’s Ministry of Culture and Tourism. The ministry said that that was down from the previous year and remained well below 2019 levels.
However, online booking platform Trip.com said nearly two-thirds of holiday orders were for nearby trips or staycations, for which spending increased by 30% per year.
Stringent virus testing conditions and the risk of not being able to return home have discouraged long-distance domestic travel on the mainland.
That differs with a surge of travel overseas as Hong Kong, Taiwan, Japan, and South Korea enclose entered other countries in relaxing quarantine and virus testing rules.
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
Companies invest millions in leadership development, yet many of their best executives leave within a few years. Why?
The most successful business leaders don’t just identify gaps in the market; they anticipate future needs before anyone else.
With technological advancements, shifting consumer expectations, and global interconnectedness, the role of business leaders
The leadership landscape is profoundly changing, influenced by technological advancements, shifting workforce expectations, and the need for adaptability in an unpredictable global environment.
In the fast-paced business world, corporate leaders often find themselves at the crossroads of risk and reward, where bold decisions …
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But the CEOs who make history in downturns aren’t the ones with the deepest cuts
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