The article discusses the heightened economic uncertainty faced by business leaders, evidenced by a new index showing global economic policy uncertainty at its peak. This turmoil stems from shifting political landscapes and concerns over potential recessions, indicating a drop in CEO confidence. In response, Modern CEO consulted 14 executives who provided insights on managing through unpredictability. Key advice includes controlling what one can control, maintaining focus on core business strengths, and ensuring transparent communication within teams to foster resilience during chaotic times.
"Chasing every emerging trend or reacting to external turmoil can make it more difficult to execute on your mission," says Christina Smolke, cofounder and CEO of pharmaceutical ingredient maker Antheia. "In contrast, maintaining a clear vision, doubling down on core strengths, and resisting the pull of distraction enables long-term success."
"Navigating uncertainty requires focus and a commitment to communicate clearly and effectively with your team," notes another CEO, emphasizing the importance of transparent dialogue during turbulent times.
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