Executive Leadership | EssayIvy.com

Running head: EXECUTIVE LEADERSHIP 1

Executive Leadership

Name

Institutional Affiliation

EXECUTIVE LEADERSHIP 2

Executive Leadership

Problem Statement

Contemporary business organizations have faced a number of crises that need astute

leadership to navigate. As such, it is incumbent upon the leadership of the said organizations

to ensure that they put in place personnel at the executive level who are competent enough to

deal with the arising issues. Executive leadership is needed for success, for times often come

when the sole survival of the organization in question rests on the competence of the

executive team. Many businesses have collapsed just because there is no one to pull a move

that can manage the situation. This is why it was important to explore this research topic to

see how leadership has helped some organizations to turn around their circumstances.

The problem being investigated in this research concerns the successful demonstration

of executive leadership in the wake of a problem arising and being turned around positively.

The problem is that organizations will always face issues; therefore, it is important to

interrogate how the successful executive leaders managed to do some exceptional thing to

reverse the situation. The participants in this research are the leaders in the executive roles

who managed to do turn around the situation positively in the three cases that will be

discussed hereunder. The research was conducted through a literature review of scholarly

articles that are peer-reviewed for the sake of coming up with credible data. It was important

to do this because, in the process of data collection, it was necessary to gather accurate data

from observation and direct contact with the people in these organizations through techniques

such as interviewing the participants. The success of the said leaders was therefore

determined through the gains that were realized after the crisis.

Summary of Findings from the Peer-Reviewed Articles

EXECUTIVE LEADERSHIP 3

Šontaitė-Petkevičienė, M. (2014). Crisis management to avoid damage to

corporate reputation: the case of retail chain crisis in the Baltic countries. Procedia-

Social and Behavioral Sciences, 156, 452-457.

This case offers an analysis of managing crisis in response to reduction of its impact

on business reputation. The article presents hypothetical analyses of crisis controlling

activities that play a part in the avoidance damage for the reputation of corporations. The

empirical study of this case offers a case analysis of a chain of retails known as “Maxima”

crisis control within the Baltic. Although the retail chain, “Maxima” made many mistakes in

the course of the crises, generally, this particular crisis was impressively managed, making it

offer priceless insights on the prevention of the preventable crises to control the damage

caused to the company’s reputation. The issue that went berserk in this crisis is that the

supermarket collapsed killing several and injuring many shoppers during peak shopping

hours. The executive team from Maxima lead by M.Bagdonavicius (the General director) and

G.Jasinskas (the Head of “Maxima in Latvia) managed the situation efficiently because of the

way that they pulled down their advertisements and placed condolence messages on paid

advertisement. They also offered psychological counseling to the relatives and families of the

diseased as well as offering them food. Additionally, they managed to invite the media, so

that all was made public and the people in the Baltic countries (Lithuania, Latvia, Estonia,

and Bulgaria) followed the developments. The consequence was such that ultimately, this

kind of astute leadership managed to inspire the confidence of the people in the company and

they did not lose clients as a result, despite the fact that this was the worst crisis to hit the

region in decades.

Keohane, J. (2018). How One of America's Most Beloved Toy Makers

Rebounded From Near Death. Entrepreneur. Retrieved 23 February 2018, from

https://www.entrepreneur.com/article/308693

EXECUTIVE LEADERSHIP 4

This source concerns a case in which a toy maker almost collapsed because of

mismanagement and based on the fact that it needed the input of effectual leadership so that it

could stand again. The trouble was that the company had exchanged hands and this time, it

was sold to a small company, though revamped, and known as Wham-O. As expected, the

company began to witness some sort of success because of the presence of capital in the

initial stages but later stumbled. This called for executive leadership to turn the situation

around and in came Todd Richards. The exceptional thing that he did was that he rejuvenated

relationships with retailers so that the company could claim its past glory. Additionally, there

was a rebranding of products, and he even introduced new products such as the Slip ‘N Ride

that came with new features. The net outcome was that the company managed an increase in

revenue of an impressive 25% in the first two years.

Acharya, V. V., Schaefer, S., & Zhang, Y. (2015). Liquidity risk and correlation

risk: A clinical study of the General Motors and Ford Downgrade of May 2005. The

Quarterly Journal of Finance, 5(02), 1550006.

The setback that Ford suffered was that there were few failed automotive endeavors in

the early career of the founder of this company known as Henry Ford. Some of these

endeavors were like Detroit Automobile Co. in 1899. Customers considered these cars to be

of low quality and too pricey for the average person in the market. However, he managed to

turn around the situation by Ford’s insistence on developing better auto designs. The results

were impressive because the company managed to gain national acclaim in 1904 when it was

involved in demoing a car, known as the "Ford 999." This model managed to break the on

land speed record when it covered one mile in about 40 seconds. He continued with this and

released the Model T to cover for the clients who did not like his products because of pricing.

The annual sales topped $250,000 by 1914, which indicates how he turned around the

situation.

EXECUTIVE LEADERSHIP 5

Outcome

In all these three scenarios, the executives of these companies were faced with

situations that called for taking maximum risks in the business field. However, they managed

to turn around the situations successfully because the results that were posted after the crises

that the companies faced were an increase in revenues and improved customer loyalty. In

sum, it can be validly claimed that these people were successful in the management of the

issues that they faced.

Discussion

The lessons learned here is that companies and organizations will definitely face some

issues that may threaten their very existence. As a result, it is crucial that the management

and the leadership of these companies devise the necessary means to turn around these

conditions. These can be seen in the three cases of Ford, Wham-O, and the Maxima. It is,

therefore, incumbent upon the leadership of various organizations to understand that it is their

obligations to turn around the circumstances of their organizations when problems begin to

beckon. This is where executive leadership’s efficiency is felt in the management of

businesses.

Place new order. It's free, fast and safe

Paper type

Deadline

Page count

550 words

Total price: $ 15.00

Our customers say

Jeff Curtis

USA, Student

"I'm fully satisfied with the essay I've just received. When I read it, I felt like it was exactly what I wanted to say, but couldn’t find the necessary words. Thank you!"

Ian McGregor

UK, Student

"I don’t know what I would do without your assistance! With your help, I met my deadline just in time and the work was very professional. I will be back in several days with another assignment!"

Shannon Williams

Canada, Student

"It was the perfect experience! I enjoyed working with my writer, he delivered my work on time and followed all the guidelines about the referencing and contents."