Comparision of Extremis Leadership Traits and Transformational Leadersihp Traits During a Financial Crisis

The primary focus of this research is to analyze the types of leadership style organizations prefer to use in making decisions during a financial crisis. This research compares two unique management styles: a) "Transformational leadership" which is a more traditional management style. b) "Extremes leadership", which is conventionally used in a high stress, high risk, military style environment. This study focuses on understanding the importance of Extremis leadership concepts and how it is important to integrate it into the decision making process during a crisis. The Extremis leadership style is more and more accepted into the traditional management concept because of its ability to make swift decisions during a crisis. The data for this research was collected from 140 participants residing in Europe, Asia and North Africa. The participants were of various ages and were employed in various institutions in the For-profit, Non-profit, Government, Business, Military and Education sector. This data was then compared and analyzed using 62 research paper, publications and journals. This research paper is based on three methodologies: a) Qualitative ethnography method. b) Quantitative method. c) Systematic Literature review method (SLR) The research paper concluded that most of the participants preferred to the Extremes leadership style of management during a financial crisis. Keywords Crisis management, Extremis leadership, Transformational leadership, COVID-19 crisis, Financial crisis, Leadership in crisis.