In crisis management, the spotlight often falls on the comprehensive strategies implemented - such as Risk Assessment, Emergency Planning, Incident Management - but an integral part of these plans often overlooked is 'Crisis Leadership', a crucial element in effective Crisis Coordination. A corporate crisis is often unpredictable, bringing unforeseen Predicament Resolution challenges. It's here that Crisis Leadership steps in, navigating the company through tumultuous waters.

So, what makes Crisis Leadership a critical component of Crisis Coordination? One of the primary reasons is its decisive role in shaping the Crisis Response strategy. According to a study by PwC Strategy&, companies with strong leaders during a crisis fared better than those who lack leadership with a recovery rate of 50%. This highlights the cruciality of leadership in managing corporate crises.

• Clear Decision Making: In a scenario where the Business Continuity is at risk, uncertain or indecisive decision-making can add to the existing disorder. A Crisis Leader steps in here to offer a clear course of action, providing a remedy to the chaotic instances and aiding in Strategic Crisis Management.

• Effective Communication: Crisis Communication is one of the key tasks of a Crisis Leader. They act as a bridge between the employees, stakeholders, and the media – all while maintaining transparency and integrity.

• Management of Resources: From directing Damage Control to delegating tasks related to Crisis Mitigation and Crisis Resolution, a Crisis Leader ensures the optimal usage of available resources.

• Planning & Preparedness: Every crisis teaches a lesson. Post-incident, a Crisis Leader analyses the situation, prepares a detailed Incident Management report, and updates the Crisis Management Plan with the newly learnt lessons. This contributes to Business Resilience, making the organization stronger for any future crisis.

A quote by Peter Drucker, a renowned management consultant, rings true here: "Management is doing things right; leadership is doing the right things." A Crisis Leader does the right things, ensures that the Operation Recovery trajectory is on the correct path and the organization regains its normalcy at the earliest. They bolster the Risk Management Plan, become the catalyst for swift Crisis Intervention, and aid in building a robust Enterprise Risk Management framework.

From this discussion, it's evident that the role of Crisis Leadership in Crisis Coordination is multi-faceted and crucial. Hence, smart businesses give equal precedence to nurturing leadership alongside other aspects of Crisis Management.