Solution to Current Crisis : Responsible Leadership

The recent financial crisis, which saw meltdown of some of the mammoth banking institutions, and also saw standstill of the entire world economy. The main reason for such a enormous failure was improper decision, short term vision.

The solution for such a crisis, and to prevent such a crisis in distant future is to look out for Responsible Leadership. The main action item of the Responsible Leadership is to make long term vision for their business, invest in those business which they understand or have a strong team who understand the business very well. The leadership decision should not be a rat race decision, but decision should be made on through analysis of the situation, and safekeeping stakeholders and shareholders interest as far as possible.