n South African Journal of Economic and Management Sciences - Exploring coping strategies of business leaders during an economic downturn
|Article Title||Exploring coping strategies of business leaders during an economic downturn|
|© Publisher:||University of Pretoria|
|Journal||South African Journal of Economic and Management Sciences|
|Affiliations||1 University of Pretoria and 2 University of Pretoria|
|Publication Date||Jan 2012|
|Pages||402 - 415|
|Keyword(s)||Business leaders, Coping, Coping strategies, Economic downturn and L200|
ISI Social Science
As a large part of South Africa's economy is based on the mining industry, this research focused on exploring the coping strategies of business leaders in the mining industry during an economic downturn. Using qualitative research within a constructivist-interpretive paradigm, the researchers sought a deeper understanding of how mining leaders cope during an economic downturn. A purposive sample of seven executive mining leaders of different mining houses was interviewed and data was analysed using Atlas.ti. A conceptual framework for understanding coping strategies at the individual, group and organisational levels for business leaders during an economic downturn was developed and is discussed here. This study contributed to theory and practice by focusing on coping responses to specific situations within a specific context instead of on general coping strategies.
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