They must routinely communicate organizational progress. Leadership cannot over communicate the vision. Employees should be respected and actually treated like the most important corporate asset. Effective leaders manage their key business processes well. Processes are well understood.
Metrics signal changes in process performance.
Highly effective, results-oriented teams strive to continuously improve processes. As the company progresses, massive layoffs are replaced by gradual attrition or additional employment opportunities. Management must have the will to do it. Management must believe it can be done. Management must have the wherewithal to do it.