FINANCIAL CRISIS AND LEADERSHIP

Financial Crisis and Leadership

Abstract

In this paper we have explored the conception of global financial crisis and the effectiveness of leadership strategies in such situations. In the investigation of this topic we have explored the recent global financial crisis and thereby examined the role of leadership strategies in such adverse circus trances. During the study, it was revealed that leadership strategies play a vital role in the situation of financial crisis, and leaders can play an effective role in helping to get rid of such crisis situation.

Table of Contents

Background4

Role of Leadership in Financial Crisis5

Why Do Financial Crisis Require Strategic Thinking and Courageous Leadership7

Growth Strategies8

Managerial Leadership at Times of Crisis10

Industry Background11

Research aim12

Research Question12

Objectives12

Research Methodology12

Study Design14

Data Gathering14

Sampling Criteria15

Statistical Tool15

Avoiding biases in Research15

Reliability for the Measurement16

The Strengths and Limitations Of The Measurement Instrument16

Timescale Resources17

References18

Financial Crisis and Leadership

Background

Who is responsible for the financial crisis? The question repeatedly since the subprime crisis of autumn 2008 has varied diagnoses based on a shared idea: the financial excesses and deregulation have rotted the actual course of the economy. One view was defended before the crash the great American sociologist Michael Walzer which reissued editions of The Herne texts visionary on the issue of the capitalist system. Beyond the mechanics of the crisis disputed by economists lucid, Walzer vice anthropological digs in the heart of all: greed. It's greed, the pursuit of maximum profit, transformed into a dogma, which led the economy to develop the injustices and inequalities (Obstfeld and Taylor 2004, p. 252).

To better understand the current frenzy of finance, it is advisable to read the trial judge's teeming Jean Maillard, specialist economic crime. The author lists the techniques invented by the financial sphere, without any safeguards, beyond the law. Innovation miracle was in the 2000s, securitization, authorizing the transfer of financial assets to investors (Mitroff 2004, p. 544). The offshore centers, a key element of the financial markets, have allowed banks to evade the rules and put their assets "off balance sheet".

Stock markets, Wall Street head, have flooded the banking world of sophisticated products, feeding a new crime up until the end of his predatory skills. "The worse the economy, the better the finances," suggests the author: by creating money without economic foundation, (the credit-dollar) unbridled markets have created value worthless. Fraud is very "now become a variable adjustment of the economy and finance, sometimes even a way of managing them".

In such adverse economic crisis situation, there is a role of leadership to implement certain leadership strategies to deal with the financial crisis. The effectiveness of leadership strategies in such a situation is the core focus point of our study.

The current crisis and volatility in the advanced economies have created a very uncertain situation. Several scenarios are possible. One is the loss in the medium term, monetary and financial hegemony of the U.S. Indeed, today the dollar is a currency weakened by the persistent trade deficit and U.S. fiscal and market skepticism about the ability of authorities to address the current ...