Leadership and decision making in crisis in the global era: how leadership nowadays can encourage the development of business?

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Leadership and decision making are critical tools used in business organisation to shape, influence and develop companies to gain competitive advantage, be profitable, promote sustainability and ultimately develop business. In the wake of globalisation, businesses are more susceptible to financial, legal, political, environmental, social and economic crises due to external or internal forces within and outside companies. The main objective of the research paper was to critically analyse the statement ‘Leadership & decision making in crisis in the global era: how leadership nowadays can encourage the development of business?’. An overview of leadership and decision making models applied in organizations are presented outlining challenges and issues that hinder business development. Also the study focuses on the issues that might causes crisis in organizations and make leaders' decision making process more difficult. Moreover, it elaborates on the actions and the skills that a leader nowadays must acquire with the ultimate purpose to avoid future mistakes and develop organisations. It was concluded that the crises facing business discredit the current leadership practice, however they also provide a platform to formulate new paradigms to develop business.
Original languageEnglish
Title of host publicationHellenic Open Business Administration International Conference 2015
Subtitle of host publicationConference Proceedings
EditorsDimitrios A. Giannias, Athanasios Mihiotis, Eleni Sfakianaki
PublisherHellenic Open University
Volume1
ISBN (Print)9789605389505
Publication statusPublished - 2015
Event2nd Hellenic Open Business Administration International Conference - Patras, Greece
Duration: 7 Mar 20158 Mar 2015
http://hoba.gr/

Conference

Conference2nd Hellenic Open Business Administration International Conference
Abbreviated titleHOBA 2015
CountryGreece
CityPatras
Period7/03/158/03/15
OtherThe HOBA is a virtual web-based conference
Internet address

Keywords

  • Crisis
  • Leadership
  • Decision Making
  • Business

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