Why Recessions Forge Great CEOs Who Think Beyond Cost-Cutting
04/15/2025
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But the CEOs who make history in downturns aren’t the ones with the deepest cuts
September 20, 2023: On Monday, Elon Musk holds business meeting with President Erdogan and takes son along. The two convened at the Turkish House in Manhattan, a high-rise tower near the UN.
According to the Turkish state news agency Anadolu, Erdogan noted the presence of the Turkish electric car, Togg, on the roads in Turkey. As a result, Tesla entered the Turkish market. Erdogan invited Tesla to consider establishing its seventh factory in Turkey.
Furthermore, Erdogan proposed collaboration opportunities between Musk’s aerospace company, SpaceX, and Turkey’s space program. He also invited the renowned inventor to Teknofest, Turkey’s premier aviation, aerospace, and technology festival, from late September to the end of October.
In response, Musk mentioned that several Turkish suppliers are already engaged with Tesla, and Turkey is among the top contenders for the location of his forthcoming factory, per Anadolu’s report. It’s worth noting that Tesla currently operates six factories and is constructing a seventh in Mexico. Musk previously expressed his intention to finalize the location for a unique factory by year-end and has explored the possibility of establishing a manufacturing facility for affordable electric vehicles in India.
Additionally, Erdogan and Musk discussed potential cooperation in artificial intelligence and Starlink, SpaceX’s satellite internet service. Musk showed interest in securing the necessary licensing from the Turkish government to deploy Starlink services in Turkey, a nation with a population of 85 million.
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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