Econ 050: Leadership and crisis - The Northern Times
NorthenTimes
logo The Northern Times
  • News
    • All
    • Crime
    • Economics
    • Education
    • Health
    • Politics
    • Sports
    • Tech
    • Ukraine

    Government to allocate €20 million to cover critical costs of Ukrainian refugees

    Airport Eelde aims to become ‘most sustainable in Europe’ with new Hydrogen Valley project

    Groningen and Drenthe holidaymakers seek to avoid Schiphol

    Leeuwarden teens call for harassment hotline in city

    Leeuwarden teens call for harassment hotline in city

    Groningen to host Sustainable Homes Day

    Groningen to host Sustainable Homes Day

    More people test positive for monkeypox in NL

    Train dream: from Groningen to Copenhagen in 5.5 hours by 2050

    Train dream: from Groningen to Copenhagen in 5.5 hours by 2050

    Reports of needle drugging filed in Groningen

    Reports of needle drugging filed in Groningen

    Weldoener Blond voted best beer of Netherlands

    UMCG and RUG researchers involved in stress study

    UMCG and RUG researchers involved in stress study

    Trending Tags

    • Lifestyle
      • All
      • Food & Drinks
      • Nightlife
      • Shopping
      • What's happening
      Food festivals set to return to Emmen

      Food festivals set to return to Emmen

      Groningen to host Sustainable Homes Day

      Groningen to host Sustainable Homes Day

      Reports of needle drugging filed in Groningen

      Reports of needle drugging filed in Groningen

      Companies in Dutch energy sector seek next cohort of young leaders

      Companies in Dutch energy sector seek next cohort of young leaders

      Armenian artefacts, Noah’s ark relic on display at Drents Museum

      Armenian artefacts, Noah’s ark relic on display at Drents Museum

      Groningen Meikermis fair about to kick off

      Groningen Meikermis fair about to kick off

      Marching trees kick off Arcadia arts festival in Leeuwarden

      Marching trees kick off Arcadia arts festival in Leeuwarden

      What’s happening in May? Events and activities from our partners

      What’s happening in May? Events and activities from our partners

      Remembrance Day and Liberation Day: Deep dive

      Remembrance Day and Liberation Day: Deep dive

      Trending Tags

      • Culture
        • All
        • Dutch history
        • Typical Dutch
        Popular Drenthe youth’s summer programme set to return in 2022

        Popular Drenthe youth’s summer programme set to return in 2022

        Remembrance Day and Liberation Day: Deep dive

        Remembrance Day and Liberation Day: Deep dive

        North NL theaters struggle to find a way to attract audience

        Rolling Stones exhibition in Groninger Museum extended

        Lottery donates €636K to Groninger Museum

        Frida Kahlo exhibition coming to Assen a year early

        Drents Museum Frida Kahlo exhibit extended

        Bittersweet Heritage

        Bittersweet Heritage: a cultural event exploring Groningen’s connections to slavery

        Fries Museum to loan series of renowned portraits from London’s National Portrait Gallery

        Frisians Mata Hari and Titia Bergsma to feature in History Canon

        A stumbling stone in Groningen

        New foundation for “stumbling stones” in Groningen

        National Holocaust Museum launching a temporary exhibit in Leeuwarden

        National Holocaust Museum launching a temporary exhibit in Leeuwarden

        Trending Tags

        • People
          • All
          • Expats
          • International students
          Companies in Dutch energy sector seek next cohort of young leaders

          Companies in Dutch energy sector seek next cohort of young leaders

          What’s it like working in Northern Netherlands?

          What’s it like working in Northern Netherlands?

          Student protest Groningen: ‘Where is a vaccine against psychological problems?’

          New mini-doc highlights how Groningen students struggle to find housing

          ESN/ISO: “International students neglected in higher education in the Netherlands”

          ESN/ISO: “International students neglected in higher education in the Netherlands”

          ESN launches ‘buddy programme’ for students in Groningen

          ESN launches ‘buddy programme’ for students in Groningen

          A letter from the Editor – Internationals from 120 countries: Welcome to Groningen, Leeuwarden, Assen and Emmen!

          ‘University of Groningen must do more for the mental health of students’

          From a WhatsApp group to a community: BLOG offers a ready-made social space for Black Ladies in Groningen

          From a WhatsApp group to a community: BLOG offers a ready-made social space for Black Ladies in Groningen

          First students snap up alternate study spots in Oosterpoort

          Dutch student grades rise during pandemic whilst mental health suffers

          NHL_Stenden_studying

          New students in Leeuwarden get ‘Coronaproof’ introduction week

          Trending Tags

          • Opportunities
            • All
            • business
            • Education
            Companies in Dutch energy sector seek next cohort of young leaders

            Companies in Dutch energy sector seek next cohort of young leaders

            Annual Beta Business Days event a success

            Annual Beta Business Days event a success

            What’s it like working in Northern Netherlands?

            Startup Visa Crew offers support to Ukrainian entrepreneurs (Переклад українською)

            Gasunie to build €60 million green gas plant in Delfzijl

            Gasunie to build €60 million green gas plant in Delfzijl

            Hundreds set to join online job-networking event

            Hundreds set to join online job-networking event

            How to enter academia in the Netherlands

            How to enter academia in the Netherlands

            3 ideas for student-friendly jobs in the North

            3 ideas for student-friendly jobs in the North

            Meet 3 startups that are Making it in the North

            Meet 3 startups that are Making it in the North

            Job opportunities in the North increase

            Job opportunities in the North increase

            Trending Tags

            • Submit A Tip/Article
            No Result
            View All Result
            The Northern Times
            • News
              • All
              • Crime
              • Economics
              • Education
              • Health
              • Politics
              • Sports
              • Tech
              • Ukraine

              Government to allocate €20 million to cover critical costs of Ukrainian refugees

              Airport Eelde aims to become ‘most sustainable in Europe’ with new Hydrogen Valley project

              Groningen and Drenthe holidaymakers seek to avoid Schiphol

              Leeuwarden teens call for harassment hotline in city

              Leeuwarden teens call for harassment hotline in city

              Groningen to host Sustainable Homes Day

              Groningen to host Sustainable Homes Day

              More people test positive for monkeypox in NL

              Train dream: from Groningen to Copenhagen in 5.5 hours by 2050

              Train dream: from Groningen to Copenhagen in 5.5 hours by 2050

              Reports of needle drugging filed in Groningen

              Reports of needle drugging filed in Groningen

              Weldoener Blond voted best beer of Netherlands

              UMCG and RUG researchers involved in stress study

              UMCG and RUG researchers involved in stress study

              Trending Tags

              • Lifestyle
                • All
                • Food & Drinks
                • Nightlife
                • Shopping
                • What's happening
                Food festivals set to return to Emmen

                Food festivals set to return to Emmen

                Groningen to host Sustainable Homes Day

                Groningen to host Sustainable Homes Day

                Reports of needle drugging filed in Groningen

                Reports of needle drugging filed in Groningen

                Companies in Dutch energy sector seek next cohort of young leaders

                Companies in Dutch energy sector seek next cohort of young leaders

                Armenian artefacts, Noah’s ark relic on display at Drents Museum

                Armenian artefacts, Noah’s ark relic on display at Drents Museum

                Groningen Meikermis fair about to kick off

                Groningen Meikermis fair about to kick off

                Marching trees kick off Arcadia arts festival in Leeuwarden

                Marching trees kick off Arcadia arts festival in Leeuwarden

                What’s happening in May? Events and activities from our partners

                What’s happening in May? Events and activities from our partners

                Remembrance Day and Liberation Day: Deep dive

                Remembrance Day and Liberation Day: Deep dive

                Trending Tags

                • Culture
                  • All
                  • Dutch history
                  • Typical Dutch
                  Popular Drenthe youth’s summer programme set to return in 2022

                  Popular Drenthe youth’s summer programme set to return in 2022

                  Remembrance Day and Liberation Day: Deep dive

                  Remembrance Day and Liberation Day: Deep dive

                  North NL theaters struggle to find a way to attract audience

                  Rolling Stones exhibition in Groninger Museum extended

                  Lottery donates €636K to Groninger Museum

                  Frida Kahlo exhibition coming to Assen a year early

                  Drents Museum Frida Kahlo exhibit extended

                  Bittersweet Heritage

                  Bittersweet Heritage: a cultural event exploring Groningen’s connections to slavery

                  Fries Museum to loan series of renowned portraits from London’s National Portrait Gallery

                  Frisians Mata Hari and Titia Bergsma to feature in History Canon

                  A stumbling stone in Groningen

                  New foundation for “stumbling stones” in Groningen

                  National Holocaust Museum launching a temporary exhibit in Leeuwarden

                  National Holocaust Museum launching a temporary exhibit in Leeuwarden

                  Trending Tags

                  • People
                    • All
                    • Expats
                    • International students
                    Companies in Dutch energy sector seek next cohort of young leaders

                    Companies in Dutch energy sector seek next cohort of young leaders

                    What’s it like working in Northern Netherlands?

                    What’s it like working in Northern Netherlands?

                    Student protest Groningen: ‘Where is a vaccine against psychological problems?’

                    New mini-doc highlights how Groningen students struggle to find housing

                    ESN/ISO: “International students neglected in higher education in the Netherlands”

                    ESN/ISO: “International students neglected in higher education in the Netherlands”

                    ESN launches ‘buddy programme’ for students in Groningen

                    ESN launches ‘buddy programme’ for students in Groningen

                    A letter from the Editor – Internationals from 120 countries: Welcome to Groningen, Leeuwarden, Assen and Emmen!

                    ‘University of Groningen must do more for the mental health of students’

                    From a WhatsApp group to a community: BLOG offers a ready-made social space for Black Ladies in Groningen

                    From a WhatsApp group to a community: BLOG offers a ready-made social space for Black Ladies in Groningen

                    First students snap up alternate study spots in Oosterpoort

                    Dutch student grades rise during pandemic whilst mental health suffers

                    NHL_Stenden_studying

                    New students in Leeuwarden get ‘Coronaproof’ introduction week

                    Trending Tags

                    • Opportunities
                      • All
                      • business
                      • Education
                      Companies in Dutch energy sector seek next cohort of young leaders

                      Companies in Dutch energy sector seek next cohort of young leaders

                      Annual Beta Business Days event a success

                      Annual Beta Business Days event a success

                      What’s it like working in Northern Netherlands?

                      Startup Visa Crew offers support to Ukrainian entrepreneurs (Переклад українською)

                      Gasunie to build €60 million green gas plant in Delfzijl

                      Gasunie to build €60 million green gas plant in Delfzijl

                      Hundreds set to join online job-networking event

                      Hundreds set to join online job-networking event

                      How to enter academia in the Netherlands

                      How to enter academia in the Netherlands

                      3 ideas for student-friendly jobs in the North

                      3 ideas for student-friendly jobs in the North

                      Meet 3 startups that are Making it in the North

                      Meet 3 startups that are Making it in the North

                      Job opportunities in the North increase

                      Job opportunities in the North increase

                      Trending Tags

                      • Submit A Tip/Article
                      The Northern Times
                      logo The Northern Times
                      Home Opportunities Education
                      econ_050_horizontal

                      Econ 050: Leadership and crisis

                      Econ 050 by Econ 050
                      February 8, 2019
                      in Econ 050, Education
                      0
                      Share on TwitterShare on FacebookWhatsapp

                      Welcome to Econ 050: Economics and business that matters to the Netherlands and the world. In each episode, Northern Times editor Traci White interviews a new expert about everything from trade wars to the psychology in your shopping cart. This podcast is a co-production between The Northern Times and the Faculty of Economics and Business of the University of Groningen.

                      Leadership and crisis: More egalitarian approaches to leadership that share responsibility and power are better for weathering an economic downturn, but when the financial crisis hit in 2008, the instinct of thousands of business owners around the globe was to cling to their power even more tightly, cutting across sectors and cultures.

                      In a recently published paper, professors Janka Stoker and Harry Garretsen have been examining how the heads of companies changed their leadership style in the immediate aftermath of the crisis. They are also co-authors of the book, “Taking the Hot Air Out of Leadership”, which goes beyond the pithy quotes and digs deep into what leadership truly means, in good times and bad.

                      Listen to the full episode above and read the highlights below, and you can check out this video about Stoker and Garretsen’s recent paper, “Tightening the leash after a threat: A multi-level event study on leadership behavior following the financial crisis” for an even quicker crash course on their research findings.

                      What is directive leadership, and does it work?

                      Janka Stoker: Directive is a leadership style or leadership behaviour which basically means that you well give a lot of direction to your employees, but also that you [as a manager] take a lot of responsibility yourself. So you try to have clear guidance for your employees but also that you make sure that you tell them exactly what to do.

                      Traci White: I mean, that sounds kind of appealing as an employee that you know clearly what is expected of you. So is that a good or bad style?

                      Garretsen: So it’s comfortable in a way for an employee. If you’re my boss and you continually tell me what to do and make life easier for me, and whether or not in the end it’s a good thing for your organisation that you exert so much control over me or direction, which kind of assumes that you know best and for a large organization, it’s not always clear whether this should be the case. And we want change and also initiatives from employees, so it’s kind of a stifling style. So in the end, even though it has to be a short term benefits that there is at least some direction, I think many leadership scholars would say that it’s clearly not a style that that you would associate in the end with very good firm organisational performance overall.

                      On why women and foreigners may be judged differently as leaders:

                      Stoker: If you are not the stereotypical manager, and females are not the stereotypical manager, and if you’re non-native you’re also not the stereotypical manager, is that you have to be extra good. So what you see is that they show more behaviours. Because the stereotypical good leader has masculine traits, for females it’s more difficult to match that stereotypical perspective of a good leader, and therefore they have to be very good before they get selected. And therefore you could say, well, very often they score higher on behaviours than male leaders – it’s not that they are by nature better leaders, but in their case, it was more difficult to get a position, so maybe therefore, especially the good female leaders get selected.

                      On why the manufacturing sector was hit harder than the financial sector in the financial crisis:

                      Garretsen: Even though people have rightly in their minds that this was a financial crisis, the real hard stuff went on in the manufacturing sector. So in the production sectors of the economy, that happened for two reasons: one is that the financial sector was indeed bailed out. So even though they were under threat and got a lot of publicity, in the end, not many banks actually went bankrupt because it was prevented, wrongly or rightly, by all kinds of policy measures. So that might be an explanation why, in our study, there was not much debt much of an increase from 2009 onwards in directive leadership anyway, at least not specifically in the financial sector, because even though it was a financial crisis, the financial sector itself was kind of shielded off.

                      White: Yeah, there was an intervention.

                      Garretsen: In an international economy where all of all those firms are connected – so there were recessions in every country, the Netherlands we went into quite a heavy recession the UK and the Irish economy – and also because these firms are connected in the manufacturing sector because of these value and production changes – some of their cars are not produced in one place, so all these connections kind of reinforced the uncertainty. So the nature of modern manufacturing production increased uncertainty further, which might very well explain why this phenomenon of being under shock and under threat was felt harder for good reasons in the manufacturing sector and not so much, even though they complained a lot, in the financial sector.

                      Tags: crisisdirectiveEcon 050Harry GarretsenJanka Stokerleadershipparticipative
                      Previous Post

                      New city council aims for "healthy, green and happy Groningen"

                      Next Post

                      Local businesses get behind Formula 1 Grand Prix

                      Econ 050

                      Econ 050

                      Related Posts

                      How to enter academia in the Netherlands

                      How to enter academia in the Netherlands

                      January 29, 2022
                      University of Groningen CEO: “Mass lectures for students will not come back”

                      University of Groningen CEO: “Mass lectures for students will not come back”

                      March 12, 2021
                      Law students: Harmony Complex safety an issue

                      The RUG is one of the Netherlands’ best universities, so why do its teaching staff give such low-grade feedback?

                      January 20, 2021
                      8,000 new students at Hanze

                      8,000 new students at Hanze

                      November 5, 2020
                      Fryske Akademy in Leeuwarden to receive EU subsidy for furthering ‘world-citizen’ education

                      Fryske Akademy in Leeuwarden to receive EU subsidy for furthering ‘world-citizen’ education

                      October 27, 2020
                      First students snap up alternate study spots in Oosterpoort

                      First students snap up alternate study spots in Oosterpoort

                      October 19, 2020
                      Next Post
                      Formula_1_Assen

                      Local businesses get behind Formula 1 Grand Prix

                      line_of_helpman

                      Sections of 17th century defensive line uncovered in Groningen

                      Discussion about this post

                      Most popular this week

                      • Reports of needle drugging filed in Groningen

                        Reports of needle drugging filed in Groningen

                        0 shares
                        Share 0 Tweet 0
                      • Train dream: from Groningen to Copenhagen in 5.5 hours by 2050

                        0 shares
                        Share 0 Tweet 0
                      • More people test positive for monkeypox in NL

                        0 shares
                        Share 0 Tweet 0
                      • Back from the dead: previously bankrupt Vapiano may re-open on June 1

                        0 shares
                        Share 0 Tweet 0
                      • Groningen Meikermis fair about to kick off

                        0 shares
                        Share 0 Tweet 0
                      The Northern Times

                      The Northern Times

                      NorthernTimes.nl is an English-language news site for internationals and anyone interested in news and activities in the three northern Dutch provinces of Groningen, Friesland and Drenthe. The website provides daily coverage and summaries of local news in the north, as well as human interest stories, backgrounds and a regional events calendar. The Northern Times is an initiative of the International Welcome Center North in cooperation with Persbureau Tammeling BV, which owns and operates the website.

                      Powered by:

                      Akkoord van Groningen, Gemeente Groningen, Koninklijke Metaalunie & FME, University of Groningen, Hanzehogeschool Groningen, Samenwerking Noord, Campus Groningen, and DUO/NEC NL (Nationaal Europass Centrum Nederland). 

                      Privacy statement and disclaimer 

                      NorthernTimes.nl is an English-language news site for internationals and anyone interested in news and activities in the three northern Dutch provinces of Groningen, Friesland and Drenthe. The website provides daily coverage and summaries of local news in the north, as well as human interest stories, backgrounds and a regional events calendar. The Northern Times is an initiative of the International Welcome Center North in cooperation with Persbureau Tammeling BV, which owns and operates the website.

                      Newsletter

                      Once or twice a week, we send out a digital newsletter to our subscribers. We will not and cannot share email addresses or any other personal data provided by our subscribers with any third parties, nor will we use this information for any purposes other than providing the newsletter. 

                      Questions or comments?

                      If you have any questions concerning your privacy or comments about ways that you think we could further protect and inform you about your privacy, please let us know by contacting us at info@tammeling.nl

                      Disclaimer

                      The Northern Times reserves the right to change its privacy policy, but will inform our subscribers and readers in advance prior to implementing any such changes. These changes will be published in a timely manner on The Northern Times’ website.

                      Tags

                      Arriva (49) Art (62) Assen (181) Climate Change (49) Coronavirus (498) coronavirus regulations (48) COVID-19 (331) COVID 19 (58) culture (44) Drachten (47) Drenthe (863) earthquakes (52) Eelde (44) Emmen (157) festival (43) football (62) Friesland (934) Groningen (1857) Groningen Airport Eelde (51) Groninger Museum (48) Hanzehogeschool (53) Heerenveen (41) Hoogeveen (49) housing (110) international students (53) jobs (63) Leeuwarden (406) Make it in the North (55) Mark Rutte (44) music (41) natural gas (55) Netherlands (67) NHL Stenden (50) NS (43) police (66) protest (56) RUG (146) Schiermonnikoog (40) Sneek (43) students (92) train (63) UMCG (108) University of Groningen (197) Wadden Sea (42) what's on (67)
                      • News
                      • Lifestyle
                      • Culture
                      • People
                      • Opportunities
                      • Submit A Tip/Article

                      © Copyrights The Northern Times 2018

                      No Result
                      View All Result
                      • Culture
                        • Dutch history
                        • Typical Dutch
                      • Lifestyle
                        • Food & Drinks
                        • Nightlife
                        • Shopping
                        • What’s happening
                      • News
                        • Economics
                        • Politics
                        • Sports
                        • Tech
                      • People
                        • Expats
                        • International students
                      • Opportunities
                        • business
                        • Education
                      • Bloom: Subscribe