Abstract
Contemporary business environment demands from organizations more flexibility and higher responsiveness to the external pressures. Management capabilities cannot address these challenges. In the crisis situations, when there is a need to make fast and difficult decisions in difficult situations, companies have to rely on effective leadership to drive organizational development. The history illustrates various examples of the organizations, which are over managed and under led and it is a challenge and the task of the modern corporations to develop an internal framework for development of the leadership capabilities, which can take the organization to success through crisis.
One of the ...