Considering this challenge that we all face as managers and would-by leaders, what can we do to prepare ourselves for when the market delivers a challenging event?  

Managers and future leaders must be prepared to deal with any market challenges that might arise. In order to do so, it’s important to know the risks that come with each investment and create strategies that will help reduce their impact. Diversification can help reduce portfolio volatility by spreading the risk over different asset classes. Hedging strategies such as futures or options contracts are also useful to protect from sudden price changes.

In order to identify any signs of a possible downturn, it is important that you constantly monitor the market. Staying abreast of economic and political indicators as well as changes to consumer behaviour or price trends can help you anticipate future performance shifts.

Contingency plans can also be very beneficial, as they guide you when it comes to making decisions in uncertain times. These plans must include short and long term objectives which focus on capital preservation while still providing for growth. By taking all these steps prior to any major event – managers will be better positioned towards navigating through turbulence and achieving sustainable success even under challenging market conditions.