The consequences of COVID-19 are significant, and as the emergency unfolds, numerous businesses are attempting to obtain it, respond to it, and learn lessons from rapidly unfolding events. COVID-19 poses a global existential threat. Business organizations, like public organizations, are facing significant challenges as a result of the severe health crisis. Those in developing countries are found to be more vulnerable than their counterparts in developed countries. Vulnerability is associated with a shaky business foundation. To mitigate the virus's impact, leaders must employ flexible and adaptive leadership-crisis leadership that allows businesses to breathe and continue to exist. For a flexible and adaptive leader, systems thinking, confidence, deliberative calm, emotional intelligence, communication skill, and all stakeholder interaction are essential. The COVID-19 provides opportunities for developing-country business organizations. Because traditional business transactions are still prevalent, it opens the door for online business ventures. Another lesson for leaders is to be prepared for unexpected risks. As a result of physical separation, curfews, and limited mobility of people, the virus made it difficult to conduct business in the pre-corona era. Furthermore, outdated technologies, insufficient capital, and inadequate infrastructures such as internet and transportation exacerbate the virus's impact on business. Business leader qualities and skills, as well as government actions such as policy changes deemed necessary to allow digitalization of commerce in order for businesses to survive post-corona.
| Published in | Advances in Sciences and Humanities (Volume 8, Issue 3) |
| DOI | 10.11648/j.ash.20220803.12 |
| Page(s) | 57-61 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2024. Published by Science Publishing Group |
Crisis, Leadership, Developing Countries, COVID-19, Pandemic
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APA Style
Daniel Tadesse Tulu. (2022). COVID-19 and Business Leadership: Opportunities and Challenges in Developing Countries. Advances in Sciences and Humanities, 8(3), 57-61. https://doi.org/10.11648/j.ash.20220803.12
ACS Style
Daniel Tadesse Tulu. COVID-19 and Business Leadership: Opportunities and Challenges in Developing Countries. Adv. Sci. Humanit. 2022, 8(3), 57-61. doi: 10.11648/j.ash.20220803.12
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Download@article{10.11648/j.ash.20220803.12,
author = {Daniel Tadesse Tulu},
title = {COVID-19 and Business Leadership: Opportunities and Challenges in Developing Countries},
journal = {Advances in Sciences and Humanities},
volume = {8},
number = {3},
pages = {57-61},
doi = {10.11648/j.ash.20220803.12},
url = {https://doi.org/10.11648/j.ash.20220803.12},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ash.20220803.12},
abstract = {The consequences of COVID-19 are significant, and as the emergency unfolds, numerous businesses are attempting to obtain it, respond to it, and learn lessons from rapidly unfolding events. COVID-19 poses a global existential threat. Business organizations, like public organizations, are facing significant challenges as a result of the severe health crisis. Those in developing countries are found to be more vulnerable than their counterparts in developed countries. Vulnerability is associated with a shaky business foundation. To mitigate the virus's impact, leaders must employ flexible and adaptive leadership-crisis leadership that allows businesses to breathe and continue to exist. For a flexible and adaptive leader, systems thinking, confidence, deliberative calm, emotional intelligence, communication skill, and all stakeholder interaction are essential. The COVID-19 provides opportunities for developing-country business organizations. Because traditional business transactions are still prevalent, it opens the door for online business ventures. Another lesson for leaders is to be prepared for unexpected risks. As a result of physical separation, curfews, and limited mobility of people, the virus made it difficult to conduct business in the pre-corona era. Furthermore, outdated technologies, insufficient capital, and inadequate infrastructures such as internet and transportation exacerbate the virus's impact on business. Business leader qualities and skills, as well as government actions such as policy changes deemed necessary to allow digitalization of commerce in order for businesses to survive post-corona.},
year = {2022}
}
TY - JOUR T1 - COVID-19 and Business Leadership: Opportunities and Challenges in Developing Countries AU - Daniel Tadesse Tulu Y1 - 2022/08/31 PY - 2022 N1 - https://doi.org/10.11648/j.ash.20220803.12 DO - 10.11648/j.ash.20220803.12 T2 - Advances in Sciences and Humanities JF - Advances in Sciences and Humanities JO - Advances in Sciences and Humanities SP - 57 EP - 61 PB - Science Publishing Group SN - 2472-0984 UR - https://doi.org/10.11648/j.ash.20220803.12 AB - The consequences of COVID-19 are significant, and as the emergency unfolds, numerous businesses are attempting to obtain it, respond to it, and learn lessons from rapidly unfolding events. COVID-19 poses a global existential threat. Business organizations, like public organizations, are facing significant challenges as a result of the severe health crisis. Those in developing countries are found to be more vulnerable than their counterparts in developed countries. Vulnerability is associated with a shaky business foundation. To mitigate the virus's impact, leaders must employ flexible and adaptive leadership-crisis leadership that allows businesses to breathe and continue to exist. For a flexible and adaptive leader, systems thinking, confidence, deliberative calm, emotional intelligence, communication skill, and all stakeholder interaction are essential. The COVID-19 provides opportunities for developing-country business organizations. Because traditional business transactions are still prevalent, it opens the door for online business ventures. Another lesson for leaders is to be prepared for unexpected risks. As a result of physical separation, curfews, and limited mobility of people, the virus made it difficult to conduct business in the pre-corona era. Furthermore, outdated technologies, insufficient capital, and inadequate infrastructures such as internet and transportation exacerbate the virus's impact on business. Business leader qualities and skills, as well as government actions such as policy changes deemed necessary to allow digitalization of commerce in order for businesses to survive post-corona. VL - 8 IS - 3 ER -
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