Times of economic crises can change what the competitive landscape looks like, because when, for example, you have boom times, capital is easy to come by, growth is easy, sometimes what you focus on is, you know, how to accelerate in the boom. During economic crises, the question is, the companies that come out of, you know, that are sailing through that with the best liquidity, both assets on the balance sheet, making money, ability to grow their businesses, get a disproportionate competitive advantage.
Reid Hoffman[Hillary Clinton] is part of the establishment, and that's good for foreign policy and for understanding the ongoing health care system.
Reid HoffmanWe've been working for years on how we can use technology to help people make their own jobs, become entrepreneurs, create their own small businesses. Those are the kinds of things that I and a bunch of other people at LinkedIn actually work on.
Reid HoffmanWhen you turn a company profitable you've gone from a company whose days are numbered to a company whose days can be infinite.
Reid HoffmanOne of the really key things to look at in terms of crafting strategy when you're in an economic crises is how do you maximize essentially your liquidity position? Your ability to both take kind of profits and revenues and business and then convert that into a stronger lead. And so those companies that can do that can actually, you know, get a march on their competitors.
Reid HoffmanThe key thing for a CEO to keep their head in the game is recognize that there's turbulent times, plan for, you know, bad luck as well as good luck, keep people focused on what the key, you know, business wins are, and you know, provide the energy that people always need in order to, you know, to go into battle because, you know, work is hard and go into work and do that well. And provide a good leadership beacon for that. In other words, it's the same thing that makes good leadership in any other time.
Reid Hoffman