Our presentation describes the role of Leadership in Current Outbreak i.e. COVID-19 and its Future Challenges

1. Role of Leadership in
Current Outbreak and
Future Challenges
SUBMITTED TO – DR.DEEPSHIKHA KALRA
PRESENTATION BY – PRIYA GROVER
PRIYANKA SACHDEVA
RAGHAV MATTA
RAVISH SOOD
REKHA KUMARI

2. Introduction
• To know about the topic , We first should know the
meaning of various words.

3. LEADERSHIP
• According to Wikipedia, Leadership is both a research area and a
practical skill encompassing the ability of an individual or
organization to "lead" or guide other individuals, teams , or entire
organizations.
• To add on, leaders are basically a ray of light aiming towards
achievement of goals which are better for everyone included.
Leaders build a path and push the followers to reach to the final
destination.
• By pushing, it means through motivation and giving a reason
towards the following above.

4. The Pandemic : Corona Virus
The current outbreak spread over the whole world is ghastly:
“CORONA VIRUS” also known as COVID-19.
Coronaviruses (CoV) are basically a large family of viruses that
cause illness ranging from the common cold to more severe
diseases such as Middle East Respiratory Syndrome (MERS-
CoV) and Severe Acute Respiratory Syndrome (SARS-CoV).
Coronavirus disease (COVID-19) is a new strain that was
discovered in 2019 and has not been previously identified in
humans and that’s why there is a 19 after the scientific name.

5. Impacts of coronavirus on businesses

6. 1. COVID-19 has lead to the momentary shut down off
businesses slowed down their growth in the market.
2. It has effected all the businesses in general as it has lead to
some of them not working for the moment but also those who are
still working aren't really gaining much of a great turnover
because of the sudden fluctuations in price.
3. Monopoly in the market has arised because of the high
demand for essentials to a life. This has induced working
businesses in selling the the goods at highly inelastic price.

7. 4. COVID-19 has impacted on the mere workers/laborers under a
certain contract with a business, leaving them with not showing
up at work (optional) because of the pandemic. Thereafter, no
work is done to enlarge the turnover or activities of the business.
5. The businesses are forced to work amidst this horrific influenza
by risking their lives and even enforced some of them to work
from home, which leaves them with the option to only add up to
the business even while going thru such an apocalypse like virus.

8. Role of leadership in current
outbreak.

9. A real Leader is the one who leads not just under the normal circumstances but
under tough situations as could be seen under the pandemic world is going
through which is Covid 19 or so called Corona Virus.
The Role which a Leader should impart on him/herself by taking decisions
according to the situation and following actions –
• Be Faithful to the nation-
This is to follow all the laws and decisions taken by the government for the
betterment of the society.
Demonstrating empathy: Deal with the human tragedy as a first priority.
The pandemic had also triggered powerful second-order effects. Governments
instituted travel bans and quarantine requirements, which are important for
safeguarding public health but can also keep people from aiding relatives and
friends or seeking comfort in community groups or places of worship.
So if the government has decided to shut down the respective firm, The firm has to
follow.

10. • Recognizing Employee’s health is the priority-
In a landscape-scale crisis, people’s minds turn first to their own
survival and other basic needs. Will I be sickened or hurt? Will my
family? What happens then? Who will care for us? Leaders shouldn’t
assign communications or legal staff to address these questions. A
crisis is when it is most important for leaders to uphold a vital aspect of
their role: making a positive difference in people’s lives.
It is vital that leaders not only demonstrate empathy but open
themselves to empathy from others and remain attentive to their own
well-being. As stress, fatigue, and uncertainty build up during a crisis,
leaders might find that their abilities to process information, to remain
levelheaded, and to exercise good judgment diminish.

11. • Anticipate the uncertainty, Expect the unexpected –
Since this might be the first time for the firm to go through a crisis like
this they’d have to make decisions very carefully and anticipate the
future. Waiting for a full set of facts to emerge before determining what
to do is another common mistake that leaders make during crises.
But leaders should not resort to using their intuition alone. Leaders
can better cope with uncertainty by continually collecting information
as the crisis unfolds and observing how well their responses work.
In practice, this means frequently pausing from crisis management,
assessing the situation from multiple vantage points, anticipating what
may happen next, and then acting. The pause-assess-anticipate-act
cycle should be ongoing.

12. • An optimistic and Calm leader-
Employees usually perform the way their leader does, If the
leader is very calm in crisis like these then it would have a
positive effect on the employees. To empower others to direct
many aspects of the organization’s crisis response. This involves
granting them the authority to make and implement decisions
without having to gain approval. One important function of senior
executives is to quickly establish an architecture for decision
making, so that accountability is clear and decisions are made by
appropriate people at different levels.

13. • To grant work from home facility-
Work from home which as the name suggests Is where
employees do their office’s work at home through usually a
computer or laptop.
For crisis like Corona Virus this could be a very good
decision taken by the leader as we can see most of the top
firms have their employees doing the work from home until
their next date of arrival comes, Since it follows the
government rule of staying insides and also allows the
employees to work in a safe environment.
But then again there are still some drawbacks as not all
work can be done through work from home.

14. Future Challenges to be faced by
businesses

15. The global price of oil, for example, has fallen dramatically in the past month. The price of wheat
has fallen too. Prices for industrial metals like copper and zinc have fallen. Sometimes prices can fall
for good reasons — a bumper crop or a technological innovation that allows for a huge increase in
production. But when the price of basically every kind of raw material or basic commodity is falling,
you are probably looking at a worldwide slowdown in spending.
The prices of government bonds are telling a similar story. When investors don’t really want to invest
in anything, they park their money in loans to safe governments, which pushes down the interest rates
those governments need to pay.
The interest rate on a 10-year US government bond has fallen to below 1 percent. A German 10-year
bond carries an interest rate of negative 0.87 percent. The same is happening throughout the
developed world. From Canada and Australia to Japan, Switzerland, and Denmark, interest rates —
already very low by historical standards before the virus struck — are falling lower as investors give
up on basically anything.
Start with airlines. Currently, executives are warning that the slowdown in global travel demand they
are experiencing “could be worse than 9/11,”and airlines all over the world are cutting flights as
fewer people want to fly. That’s going to reduce orders for new aircraft and hurt manufacturing in the
United States, Europe, Canada, and Brazil, where airplanes are made.
Fewer flights means fewer people in airports. Fewer people in airports means reduced hours and tips
for people who work in airport retail. ANDTHATWOULD LEAD TO RECESSION.

16. The coronavirus-induced drop in demand is a fully global
problem that in some sense requires a global solution. And
indeed, virtually every big country could be doing more to
stabilize demand.
Germany, in particular, is worth calling out because it is
currently running a large budget surplus, and with
interest rates in negative territory out to 30 years, there
would be no long-term cost to Germany to considerably
increasing its spending.
THEREFORE, ALL OF THESE THINGS WOULD LEAD TO
DECREASE IN GDPAND UNEMPLOYMENT, THESEARE THE
MAIN CHALLENGE THAT’LL BE FACED WORLDWIDE.

17. CONCLUSION

18. • The current outbreak has become a great challenge for the
leaders as the world. As all the stakeholders are now worried as
market may get down or crash and about their respective health
of their loved ones.
• But first a leader must recognize that the organization is facing
problem for example : If Apple can’t sell iPhones because nobody
wants to buy them (demand problem), that’s bad for its share
price. If Apple can’t sell iPhones because the factory where
they’re assembled is closed (supply problem), that’s also bad for
its share price. But it’s important to distinguish a supply shock
from a demand shock because the solutions are different.

19. • The coronavirus pandemic is testing the leaders of companies
and organizations in every sector around the world. Its
consequences could last for longer and present greater
difficulties than anyone anticipates.
• Now this is a challenge for the leaders world wide to see who
can lead in the most proficient manner.

20. THANK YOU