Global Financial Crisis Case Study

Under the global financial crisis (GFC) beginning in 2008, higher pressures are on leadership. In 2008, after the crisis happening, it is extremely serious. It has become the great depression of the most serious crisis after the 30s of last century. It influenced widely on the global economy. Global financial crisis has destroyed millions of businesses and companies. People who want to find out the resources have aimed to the leaders. The GFC makes many companies, which are looking like strong and high level, bankrupt in short time. A serious problem has come out. Who should pay for these consequences? At this time, the leaders are definitely becoming the scapegoats in some situation. More condemnations including greedy, morally bankrupt, self-interests are on the people who are accused to cause the GFC. The intention of this discussion is to explain the leadership challenges and strategies in a post-GFC world and the society now.it also gives examples to compare the innovative leadership. It will be from different ways to analyze.
Leaders are definitely suffering heavy pressures and challenges in 2008’s crisis, such as keeping business and summarizing after. Solutions are also asked on that crisis. First challenge is reacting rapidly during the global crisis. Because of the crisis expend to whole world quickly in 2008, under that situation, leaders are hard to control well. Whole production line effected and it is hard to find out the single reason of this crisis. What the leader to do is trying to keep the production stable, they need to stop the business drop dramatically. Summarizing after the crisis is also another serious challenge on leadership. Leadership is definitely pushing to in front after the crisis. People would b...

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...n including quick reaction, good attitudes and the apologizing letter, which are on several public medias won fully success in the crisis and turn the situation (2010).
In conclusion, in 2008 crisis, leaders have faced serious challenges and heavy lost of reputation from being blamed. Even though in these years’ crisis nowadays, serious challenges are still in front of leaders. Leadership is always the main control power in one organization. Possible solutions should be taken in companies. Precaution and warning are also necessary.
In this writer’s opinion, after 2008’s crisis impacting, leaders should increase the ability about precaution before crisis and ability in crisis because of leaders’ position. it is hard to escape the involvement even though their advices were objected. In that situation, it requires leaders to resolve and reduce the damage to a minimum.