Construction Genius

Peloton Plunge: How to Respond in a Crisis and Set a New Direction

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Sinopse

Peloton, a well-known provider of interactive fitness products, has recently experienced a massive plunge in their revenue. But as Barry McCarthy steps into the CEO role during this time of crisis, he starts by sending an email about their plans for a comeback and how it'll be possible as long as the whole company works together as a team.Every business faces bad times. Overcoming them relies on the vision and courage of the company's leadership.    In this episode, I analyze Barry's email, and discuss how it applies to your leadership.  The purpose of this episode is to showcase how a strong leader responds to a crisis. Regardless if your company is new or well-established, this episode will hit you right in the gut, so tune in and let's dive right into it.   Discussion Points:   • 0:00 A little backstory for today's episode   • 2:57 Barry, the incoming CEO gives a hat tip to the real key to Peloton's success   • 4:21 Barry establishing his credibility as a new leader   • 5:09 Visionary vs implementer   • 6: