Tuesday, July 5, 2011
Leaders without illusions
Last month in London, Ont., the Carlisle Institute focused on the role of leadership in the 2008 financial crisis for the latest instalment of its CEO breakfast series. A growing body of literature has focused on the causes of the crisis but little attention has been paid to the role of leadership in causing it.
In 2009, a multi-disciplinary group of faculty from the Richard Ivey School of Business at London's University of Western Ontario formed a research team to investigate the leadership dimensions of the crisis. Extensive research was undertaken that involved interviewing more than 300 leaders of business, public-sector and non-profit organizations with respect to the function that leadership played in the financial crisis.
The outcome was a report titled Leadership on Trial.