Hanging Tough When Things Get Rough

Adversity demands new managerial skills, from an ability to make do with too little office space to maintaining morale after layoffs

With signs appearing that the U.S. economy may have bottomed out, you might expect to hear a collective sigh of relief from the nation's business leaders. It hasn't happened yet, however. Economists predict an upturn in 2002, but they aren't being very specific about when. And after the unthinkable has taken place -- terrorists killing thousands on American soil and the nation's seventh-largest company imploding in the biggest bankruptcy in U.S. history -- it's hard not to wonder what the next shock will be.

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