Behavioral Economics Commons^™

Crisis Leadership During The Great Recession Of 2008, Steven M. Walker, Matthew P. Earnhardt, Jason M. Newcomer, James W. Marion Jr, Jon C. Tomlinson

Publications

Understanding leadership characteristics, frameworks, components, and contexts that are beneficial to the guidance of organizational policy is useful for understanding the way in which leaders should act during a crisis. Recessions are common throughout economies; yet, many see recessions as crises. Due to the chaotic nature of economic recessions, leaders must work in conditions of uncertainty, complexity, and volatility. Therefore, using a qualitative phenomenological approach, an examination was conducted on leaders’ lived experiences of the Great Recession of 2008 to further understand the concept of crisis leadership. A discussion is included on the way in which leaders internalize and analyze …