Competence by leaderships in crisis situations

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Focusing on the prevalence of corporate crises, this essay examines the challenges faced by businesses of all sizes, highlighting notable cases such as Siemens, Volkswagen, Lufthansa, and Haribo. It emphasizes the impact of these crises on management, creditors, and employees, stressing the urgent need to restore competitiveness. The discussion underscores the complexities of navigating corporate governance and the importance of effective management strategies in overcoming these significant challenges.