We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Challenges of Leadership in Corporate Management and Turnaround.
- Authors
Idowu, Amos Adeoye
- Abstract
This paper examined challenges of leadership in the process of a corporate management and turnaround with a view to appreciating certain fundamental issues relating to the role of a leader in a bid to salvage the fortune of an ailing company or a business enterprise. The study adopted a combination of descriptive, analytical, leadership, functional and systemic theory models on such matters bordering on the existence of many ailing companies in Nigeria and world over, necessity for ensuring their resuscitation, expected problems and workable strategies. The study found that a frightening number of despondent companies and corporate organisations now exist all over the world due to various socio-economic, political, ecological and anthropological problems. This development had resulted into mass corporate failure currently responsible for high rate of unemployment in the society coupled with serious decline in economic contributions of private sectors to national development. Hence, the astronomical increase in crime rate, spate of insecurity and intolerable degree of breakdown of law and order. Recourse was made to major agroallied and food processing companies and business enterprises in Nigeria for a period of nine years, April, 2000 - April, 2009. The paper concluded that effective leadership quite capable of formulating systemic policies and implementing workable strategies for profitable corporate management and turnaround is seriously needed in reviving many dying companies and business enterprises so as to replace them in positions of value toward human and material development of countries where they operate.
- Subjects
NIGERIA; INDUSTRIAL management; CORPORATE turnaround management; LEADERSHIP; EXECUTIVE ability (Management); MARKETING strategy; BUSINESS failures; PUBLIC sector; UNEMPLOYMENT
- Publication
International Journal of Management Perspectives, 2009, Vol 1, Issue 4, p56
- ISSN
1307-1629
- Publication type
Article