Examining Leadership Competencies during Economic Turmoil

Abstract The paper aims to present results of study examined leadership competencies during the economic turmoil in Lithuania, Latvia, Cyprus and Bulgaria. Challenges and change of generations conditioned by economical situation suppose re-thinking on leadership competencies and the need for purification of priorities while educating young leaders. The research indicated that leadership competencies consist of three blocks: (1) self-management competencies, (2) business management competencies and (3) people management competencies. Experts also assessed how young leaders dispose these competencies, and this allowed grounding of the need for development of leadership competencies relevant to young leaders during economic turmoil.