What should a manager do to manage teams or workforce During Recession?

RECOGNIZING people at work by giving due consideration for their SKILLS and TALENT is among the High Rated Motivating Factors at work as per Literature and also in Practice..
DELEGATION of Works results in TRANSFER of OWNERSHIP & ACCOUNTABILITY of the TASKS to the ASSIGNEES, thus enhancing his EFFECTIVENESS of producing RESULTS.
But point to be kept in MIND is that a GOOD LEADER by DELEGATING works doesn't escape from his RESPONSIBILITY on the OUTCOME of his TEAM MEMBER'S performance..
Keeping above points in view ..
RECOGNITION + DELEGATION = MANAGEMENT SUCCESS...!!