The paper attempts to review how different companies perceive, practice and groom leadership in different organizations depending on the stage of their growth phase. One major controversy involves the locus of leadership in organizations. Some believe that leadership is inherent in the social influence processes occurring among members of a group or particular people or an organization, and leadership is a collective process shared among the members. The opposing view states that one person has more influence than other members and carries out some leadership functions that cannot be shared. The case lets discussed point more towards the first viewpoint which states that leadership is a collective process operating at all levels and is consciously taught in the organization. Some of the ways for developing leadership with the organizations are discussed in the paper below. The challenge is effective management of talent which is trained to act as leader to now pull the organization out of the crisis.