Charismatic leaders crucial for successful crisis management in globalized world.
Business leaders need strong crisis management skills to navigate through emergencies and ensure the survival of their companies. Effective leadership during crises can minimize damage and help businesses emerge successfully. Charismatic leaders play a crucial role in crisis management, as their traits can positively impact business performance during challenging times. A study on crisis management and charismatic leadership found that managers with charismatic qualities are essential for successfully managing crises.