“The key to business survival in recession is leadership” To what extent do you agree with this view?
There are many different ways in which a business can use techniques to survive in a recession and here leadership is the key focus. To explain fully I will be focusing upon such ideas as the type of leadership management used, motivational effects where a business motivates the demoting factors such as ‘cuts’, for example sack employees to reduce costs that may viable save a business, the role of leaders in setting about change and management in bringing about the idea of change/ new instructions. Yet as well as the positives there are the negatives to a leadership styles and how its managed within a recession, so such factors as limited resources from change, an example being the reduction in the workforce size, the role of stake holders that ask the questions whether one leader is enough in a recession in comparison yet the leadership throughout the whole organisation. Particular business example such as ‘British Airways’ and ‘Sainsbury’ case studies and finally the external factors that inhibit a business chances for survival in a recession.
Most certainly one of the most relevant points to make about a business trying to survive in a recession is the type of leadership management that is in place. For a success full leader and many styles can be used in times of desperate measures; here I would suggest during a recession that an Autocratic style of leadership needs to be followed, clear expectations for what needs to be done, when it should be done, and how it should be done. Although for the short term this aggressive direct approach needs to be considered to get a business through the hard times it had to face. For example with Margret Thatcher who was in power during the last recession in the 1990’s had to use this style of leadership to get the country out of the problem, yet left certain problems in doing so. If this is not to be the most...
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