Surviving a global crisis

Abstract

PurposeThis paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting‐edge research and case studies.Design/methodology/approachThis briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.FindingsEffective leadership is a vital ingredient in the success of any business concern. When major problems arise, having the right guidance from the top becomes more important than ever. Few challenges have proved tougher than the recent global financial crisis (GFC). Even the largest players found this out to their cost. While some suffered the ignominy of government recue, others were unluckier still. The road marked oblivion mercilessly beckoned such corporations. Amid any doomsday scenario, some cause for optimism will emerge. One heartwarming story in this instance is the continued strength of BMW within an industry badly affected by the economic downturn. As rivals like General Motors and Chrysler floundered, the German automaker emerged from the crisis to post its best results since being founded in 1916.Practical implicationsThe paper provides strategic insights and practical thinking that have influenced some of the world's leading organizations.Originality/valueThe briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy‐to digest format.