There are three kinds of leaders in the new world we're entering. Only one kind will succeed.
In 2009, most corporate leaders have kept their focus on survival--shifting their product mixes, slashing costs, cutting inventory, downsizing. Now, as the economists declare that the economy is stabilizing, many leaders are gearing up for 2010 and trying to take a longer view. What they see looks very different from anything in the past. It's sinking in that this mess won't go away fast.
As Jeffrey Immelt, the chief executive officer of General Electric ( GE - news - people ), has been saying for months, we are not just riding out the difficult downside of a cyclical business fluctuation. We are facing a fundamental reset of the global economy.
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