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Podcast: Budgets, Books, & Balance Sheets: An Accounting & Finance Podcast
Episode: Episode #54 | Leadership in Times of Crisis: Advice For Accounting Firms Owners
Description: Crisis leadership is the ability to lead effectively in situations that are unpredictable, complex, and potentially threatening. A crisis can be defined as “a situation that has reached a critical phase for which urgent action is needed to avoid or minimize damage or harm”. A crisis can be caused by various factors, such as natural disasters, cyberattacks, fraud, regulatory changes, or market disruptions.
Crisis leadership is not just about managing the crisis; it’s also about creating value from it. As one study noted, “Crisis leadership is not only about reacting to events but also about shaping them”. C...