For some leaders, the Covid-19 pandemic was initially freeing: no longer tied down by budget constraints and market expectations, they were driven by a desire to act — fast and often. Priorities became clear. Energy was high. A few weeks later, however, this adrenaline-fueled pace sputtered. Bickering among colleagues increased. Decisions became stalled and more complex. This shift, from the emergency phase of a crisis to a regression phase, is uncomfortable but necessary. To equip your team to move from emergency to regression to recovery, focus on three steps: Disrupt your team to create a new “day one”; learn how to calibrate your team’s emotions; and aim beyond business as usual to find a new way your business can contribute to society and find meaning.