Leadership during Crisis: Threat Identifcation and Solution Proposal

Abstract

Purpose of the article: In the current dynamic market environment, companies are vulnerable to many problems of different character, which could result into a real business crisis. The submitted study summarizes possible approaches to leading through crisis situation. Therefore proposal of solutions which tools leader could use during crisis was made. Purpose of this study is to create theoretical background for the future research, in the field of application right leadership concept during crisis. Methodology/methods: For the purpose of the illustration possible threats which can lead to a business crisis was chosen the Ishikawa diagram. Next up review of scientific publication focused on leadership during crisis was made. With emphasis especially on research studies published in last 10 years in the Leadership Quarterly Journal. These results was precisely analyzed and then the most useful informations synthesized into proposed solutions. Scientific aim: The aim of this study, is to identify possible threats which could be a source of corporate crises. Subsequently propose solutions within the competence of corporate leader, how to prevent those threats or lower the intensity of crisis which already occur Findings: Proposed solutions was found in the field of HR leadership, crisis communication, leader´s behavior connected with leadership style used during crisis and increasing effectivity of leading crisis team. The application of mentioned approaches, contribute to preparedness on the possible negative future development and reduce the intensity of crisis, which has already af-fected the corporation. Conclusions: The contribution of this study is creation of synoptic overview of corporate threats and proposal of corresponding solutions of those. The implication is to summarize results from previous empirical studies to create enough theoretic foundation for the future research.