Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Effective leadership response to crisis

Effective leadership response to crisis Purpose – This article offers guidelines for effective crisis response. Design/methodology/approach – Its thesis is: whether an organization survives a crisis with its reputation, operations, and financial condition intact is determined less by the severity of the crisis than by the timeliness and effectiveness of the response Findings – Companies with effective crisis response saw their stock price recover quickly, and remain above their pre‐crisis price thereafter, closing an average of seven percent above their pre‐crisis price one year after the crisis. Practical implications – Offers do and don't prescriptions for managing a crisis. Originality/value – A consultant recognized as an authority in his field shares his experience in effective crisis management. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Strategy & Leadership Emerald Publishing

Effective leadership response to crisis

Helio Fred Garcia
Strategy & Leadership , Volume 34 (1): 7 – Jan 1, 2006
Download PDF
7 pages

Loading next page...
 
/lp/emerald-publishing/effective-leadership-response-to-crisis-wesL8lcVl0
Publisher
Emerald Publishing
Copyright
Copyright © 2006 Emerald Group Publishing Limited. All rights reserved.
ISSN
1087-8572
DOI
10.1108/10878570610637849
Publisher site
See Article on Publisher Site

Abstract

Purpose – This article offers guidelines for effective crisis response. Design/methodology/approach – Its thesis is: whether an organization survives a crisis with its reputation, operations, and financial condition intact is determined less by the severity of the crisis than by the timeliness and effectiveness of the response Findings – Companies with effective crisis response saw their stock price recover quickly, and remain above their pre‐crisis price thereafter, closing an average of seven percent above their pre‐crisis price one year after the crisis. Practical implications – Offers do and don't prescriptions for managing a crisis. Originality/value – A consultant recognized as an authority in his field shares his experience in effective crisis management.

Journal

Strategy & Leadership – Emerald Publishing

Published: Jan 1, 2006

Keywords: Organizational planning; Business policy; Corporate strategy; Strategic leadership; Management strategy; Succession planning

There are no references for this article.