The first thing you ought to do if you’re the new person in charge is nothing,” says Schacht. “I have learned this over and over again. Resist the temptation to ‘hit the ground running.’ It is absolutely almost certain to be wrong.” He stresses this is even true in a crisis situation.

Two, take the time to listen before you do anything else. You will set the tone; it will be very difficult to reset it. If you start off by imposing your views on people, you’re not going to have what you most need when you most need it - namely, the commitment of the people you need to get the work done. Even if you’re right and you end up in exactly the same place as you thought you were going to end up, the experience of stopping and doing nothing but being a very good listener for as long as you can stand it is the most important thing to do. The whole act of talking to the top people is the first step towards gaining their commitment and understanding, which you must have if you don’t get it the first time. Until you get a consensus, that everyone agrees on - these are our priorities, and here’s who’s going to work on them, and here’s how our midcourse correction is going to be if we’re not right, and here are the things we can’t put off - take as long as you can stand to get that front end clear, committed, understood, communicated, massaged, and changed.” - Henry Schacht

One of the key talents of any leader is the ability to identify the truly critical issues and establish a short list of top priorities to keep people focused. It is important to make the complex simple. We don’t mean simplistic, but easy to comprehend and take action on.

Lucent’s Schacht offers sound advice for the new CEO in a crisis:

“If I were a new CEO coming into a new company at a tough time. I’d have a deal with the board. I would tell them, ‘I’m going to keep you informed every step of the way. But you’re not my most important problem right now. You’re asked me to come in and you’ve given me a good briefing and I thank you; now please give me a little room. I’ll be back with a status report in two or three weeks, and if something else comes up, we’ll be on the phone together. But right now my most important constituent is the internal folks and our customers.

Leaders who settle issues too quickly limit their opportunity to grasp the ramifications. One of the most dangerous traps is failing to solicit the input of others on the team. Not only does this mean that you most likely won’t have all the information, but you will be absolutely certain to disenfranchise your colleagues. “It is close to fatal to decide or pronounce before you listen,” says Henry Schacht. “And in crisis situations, I think you exacerbate the problem as opposed to moving towards a sound situation. Even if at the end you come back to exactly the same decision you would have made, how you get there is as important as getting there.