Leadership lessons and the economic crisis: where we've come from and where we're headed
by Richard Rawlinson, Partner, London

Executive Summary

The financial crisis has discredited the leadership and management practices of financial institutions, triggering a wave of thinking and experimentation about what could and should replace them. The crisis will surely produce changes in aspirations and practice in organisational leadership, influencing not just banks and brokerage houses but businesses in every industry. This Perspective puts this process in the context of trends in leadership over the past 30 years, and predicts some of the new and back-to-basics actions we can anticipate. It highlights the rapid changes in board practices and articulates some clear direction for change both in the structure for governance and management, and in the characteristics that leaders will have to display. This crisis will be a powerful catalyst for change in both the theory and practice of leadership and governance.


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Reprinted on 11 September 2009 with permission of Booz & Company Inc