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

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    Abstract

    Leadership and decision making processes shape, influence and develop companies to gain competitive advantage, be profitable, promote sustainability and ultimately develop business. In the wake of globalisation, business are more susceptible to financial, legal, political, environmental, social and economic crises due to external and 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. The study explores on the issues that might cause 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. A qualitative research methodology is applied based on critical literature review. The study concludes 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
    Pages (from-to)13-32
    Number of pages20
    JournalHellenic Open Business Administration Journal
    Volume2
    Issue number2
    Publication statusPublished - 2016

    Keywords

    • Crisis
    • Leadership
    • Decision making
    • Business

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