Leadership challenges and strategies in a post-GFC world

Business today has to face many difficulties especially in a post-GFC world. To sustain and survive over this period, there have been many challenges that business leadership has to deal with. Besides that, business leaders has also confront with many challenges in the arrangement with the effects of the GFC. In response to this outcome, many organizations have been used innovative leadership approaches. The intention of this discussion is to discuss about these mentioned above.

Firstly, there are many business leadership challenges and suitable solutions that could be applied in the post-GFC world. Globalization is the first one to involve in. According to Voegtlin, Patzer, and Scherer (2012), the negative side outcome of globalization lead to a corrosion of corporate legitimacy, a loss of public trust in directors and partnerships, and to the deterioration of social capital. To solve this, CSR has become a motivated method on the organizational program performing the companies’ conflict to keep legitimacy as a necessary resource of business conduct (Palazzo, Scherer and Suchman, cited in Voegtlin, Patzer, and Scherer, 2012, p.3). It is absolutely assert that management education is the second one to participate in the crisis. It is required MBA students to expand increased personal attention, interpersonal skills and teamwork skills. Furthermore, Datar, Galvin and Curlen (cited in Waddock and Lozeno, 2013, p. 266) also mention that better notice organizational corporality, more completely carry out, critical thinking, obvious interaction are also necessary for MBA students. Managing innovation and creativity within organizations is also being causing by the recent GFC, which are known as the third business leadership challenges ...

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... events and activities. On the other hand, VVP program’s outcomes and impact is connecting the distance between professional and personal proportions of management and leadership (Waddock and Lozano, 2013, p. 272). As a consequence, this program develops new attitudes toward personal engagement and effect professional changes and new commitment. To sum up, both two programs have their own positive and negative sides, but at that time, they are both useful for their customers.

In conclusion, leadership challenges and possible strategies in a post-GFC world have become an important part not only for organizations but also for leaders and managers. In this writer’s opinion, in response to GFC, there are many challenges in diverse areas require business leaders to deal with. Many organizations have created some programs that might help leaders to overcome this crisis.