Leadership Lessons and the Economic Crisis
Predictably, one result of the economic crisis is the cry for a new
style of leadership. In thinking about what qualities are needed as we
move forward, it’s helpful to consider where we’ve been and what the
times will require from the next generation of leaders.
Since
September 2008, the leadership and management practices of financial
institutions have been widely discredited. This has precipitated new
thinking about organizations and leadership within financial-services —
and in business in general. The new leadership styles that prevail, and
associated changes in management and governance structures, will shape
the development of business institutions generally. It isn’t yet clear
what norms and values the new industry leaders will champion, but the
pressures on them are evident, and the history of managerial culture
suggests that we will see some major transitions, and some unexpected
ones.
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