Abstract
Just about the time when Iceland’s future could not have been more obscure and tenuous, a series of unplanned and unprecedented events brought a constellation of economic revival opportunities. As it is quite common for Iceland, given the proper context, the threats have turned into chances. The low-cost flight options from Europe and the United States, the immediate downfall of Icelandic krona in 2008, and the Eyjafjallajökull volcano eruption in 2010 all made Iceland a destination spot on the maps of many world travelers. These events gave rise to the tourism in Iceland that for decades was mainly considered to be only a secondary socioeconomic activity. In the aftermath of the crisis of 2008, tourism became an industry that gave new roots to economic revival and growth of the country. Nowadays, the ultimate arising question is, “What will be the next economic boom for Iceland?” This chapter synthesizes the insights of 13 experts on the tourism industry in Iceland, its role in the economy and in society in general, and the future possibilities it sets for leadership.
It often happens that things go by turns.
The Saga of Thrond of Gate (Færeyinga Saga), c. 31
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsReferences
Brown ME, Treviño LK, Harrison DA (2005) Ethical leadership: a social learning perspective for construct development and testing. Organ Behav Hum Decis Process 97(2):117–134
Burns JM (1978) Leadership. Harper and Row, New York
Enelow S (2016) 5 lessons from Iceland and the perils of overtourism. https://skift.com/2016/10/25/5-lessons-from-iceland-and-the-perils-of-overtourism/. Accessed 29 Apr 2018
Fergus AH, Rowney JI (2005) Sustainable development: epistemological frameworks & an ethic of choice. J Bus Ethics 57(2):197
Icelandic Tourist Board (2015) Report
Icelandic Tourist Board (2017) Report
Jóhannesson IÁ, Norðdahl K, Óskarsdóttir G, Pálsdóttir A, Pétursdóttir B (2011) Curriculum analysis and education for sustainable development in Iceland. Environ Educ Res 17(3):375–391
Jutras C (2009) The ROI of sustainability: making the business case.
Krueger T, Page T, Hubacek K, Smith L, Hiscock K (2012) The role of expert opinion in environmental modelling. Environ Model Softw 36:4–18
Lord RG, Brown DJ (2001) Leadership, values, and subordinate self-concepts. Leadersh Q 12(2):133–152
McCann JT, Holt RA (2010) Servant and sustainable leadership: an analysis in the manufacturing environment. Int J Manag Pract 4(2):134–148
OECD (2017) OECD economic survey: Iceland 2017. OECD Publishing, Paris
OECD (2018) National accounts of OECD countries: main aggregates, vol 1. OECD Publishing, Paris. https://doi.org/10.1787/na_ma_dt-v2018-1-en
Roper AT, Cunningham SW, Porter AL, Mason TW, Rossini FA, Banks J (2011) Technology forecasting. In: Forecasting and management of technology, 2nd edn. Wiley, Hoboken, NJ, pp 15–39
Rowe G, Wright G (2001) Expert opinions in forecasting: the role of the Delphi technique. In: Armstrong JS (ed) Principles of forecasting. Springer, New York, pp 125–144
Surie G, Ashley A (2008) Integrating pragmatism and ethics in entrepreneurial leadership for sustainable value creation. J Bus Ethics 81(1):235–246
Trevino LK, Hartman LP, Brown M (2000) Moral person and moral manager: how executives develop a reputation for ethical leadership. Calif Manag Rev 42(4):128–142
WCED (1987) Our common future. The brundtland report, world commission for environment and development. Oxford University Press, Oxford
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2018 Springer International Publishing AG, part of Springer Nature
About this chapter
Cite this chapter
Minelgaite, I., Guðmundsdóttir, S., Guðmundsdóttir, Á.E., Stangej, O. (2018). What’s Next? From Tourism Bubble to the Future of Business Leadership in Iceland. In: Demystifying Leadership in Iceland. Contributions to Management Science. Springer, Cham. https://doi.org/10.1007/978-3-319-96044-9_8
Download citation
DOI: https://doi.org/10.1007/978-3-319-96044-9_8
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-96043-2
Online ISBN: 978-3-319-96044-9
eBook Packages: Business and ManagementBusiness and Management (R0)