Covid wave 2, leadership pitfalls and the Stockdale Paradox
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Covid wave 2, leadership pitfalls and the Stockdale ParadoxBy Avik Chanda and Sanjeev Roy, ET CONTRIBUTORS
Last Updated: May 15, 2021, 11:34 PM IST
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Synopsis
Unfounded optimism, lack of caution & social distancing norms, and a bizarre sense of invincibility have deepened the ongoing Covid crisis. At a time like this, following the Stockdale Paradox may well prove to be the best strategy.
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Whether it is about following Covid appropriate behaviour or being honest about the challenges or leading through purpose, the leader has to set the example.
At the beginning of the year, it all seemed like a miracle. India had beaten the virus! Markets went into overdrive, while growth projections were in double digits and the end of the pandemic was declared. Some organisations had even begun to plan offsite meets. Warnings of a fresh wave were brushed away and the cautious proponents of continued s