Professional Interview - Research Paper Example

Authors such as Reilly (2012) have established a relationship between effective leadership and the success in business systems in a country. The author argues that knowledge and skills in a country, which can empower leadership, are significant to the country’s economic development. Leadership roles exist at different levels at which decision-makers offer their professionalism (Nabli, 2011). To facilitate the study of leadership capacity in Nigeria, this essay will focus on an interview response from a Nigerian professional, ‘Usman Olaide’ who is a Senior Client Service Consultant and a Business Development Executive at Field Communication Ltd.

The interview focuses on the role of leadership in promoting crises and leadership strategies for preventing or managing crises when they occur in the Nigerian business environment. Consequently, it will be possible to evaluate any impacts of the leadership that exists to the business crisis in this country. Usman identifies the role of leadership in integrating different industries in the corporate sector for accountability in management because observed crises in the Nigeria’s business environment results from negligent actions from single industries or organizations and spread to affect the entire economy.

Referring to Martin Oluba’s analysis of the equity market crisis (N.d.) and her experience in sources of crises in the Nigerian business environment, Usman explains that industries are interrelated and poor leadership in one industry, leading to a crisis in the industry, affects other industry’s performance. The finance industry is the most significance because it is the center of power for circulation of money across other industries as was observed in the equity market crisis. While poor leadership in the equity market led to its crisis, Usman explains that the move by the industry’s players to seek funds from private holdings influenced businesses in other sectors to seek similar targets for rescue and culminated into the crisis.

In her analysis of the scenario that is a perfect example of the role of weak leadership in business crisis, the interviewee argues that regulatory framework, both legal and moral, should be put in place to ensure credible and competent centralized leaderships that can preempt crisis in their respective industries and develop preventive measures. She also argues that a collaborative initiative among leaders from respective industries in regulating activities and risks in each industry can also play an effective role in containing crises from spreading to other industries, should such crises occur in a given industry (Usman, O, personal communication, August 16, 2013).

Usman also argues that leadership offered by relevant government agencies play a significant role in management of financial crises in the Nigerian corporate environment. Agencies whose roles relate to macroeconomic aspects such as the Central Bank of Nigeria must be explicit in their roles to guide corporate operations and regulate the economic environment for stability. She explains that poor decisions on factors such as interest rates and consequences in high inflation rates are detrimental to businesses and the central bank should develop effective strategies for economic stability.

The interviewee also relates such government regulations to the sensitive finance sector that has potential effects on other sectors and industry. In agreement with John, Adaeze, Soni, and Onoriode