| Pub. Date | : Sep, 2019 |
|---|---|
| Product Name | : Effective Executive |
| Product Type | : Coaching and Mentoring |
| Product Code | : EECM11909 |
| Author Name | :Stephanie Jones and Parth Chauhan |
| Availability | : YES |
| Subject/Domain | : Management |
| Download Format | : PDF Format |
| No. of Pages | : 07 |
A crisis facing a leader is a true test of leadership. It can occur anytime and anywhere, and for any reason, in government or business. Crises can be especially due to two main factors—technological advancement and globalization, such as the “dotcom bubble” of the early 2000s. If we investigate the failures of some big names of the past like Kodak, Nokia, Blackberry, Enron, Satyam Computers and Jet Airways, we see problems in leadership as amongst the major causes of failure. What are the symptoms causing a crisis in today’s corporate entities? These can include a drop in sales numbers, a change in government regulatory policies, a ban on specific raw materials, a product recall, and the adoption of disruptive technologies by the competitors; these are some of the common types of crisis that have happened in the past and continue to happen in the present, and are hard to predict.
A crisis facing a leader can take any form, shape or size depending upon the environment where the crisis occurs. From a family to a nation, a continent or even the whole world, effective leadership is often of key importance in successfully dealing with a crisis. But a crisis is also a test of leadership. Whether it is the collapse of a governmental regime or the bankruptcy of a business organization, recent times show many cases of failures of leadership during the times of crisis. At the same time, strong and persevering leaders at many points in time have saved the day with their proactive and wise leadership.