Journal of vocational behavior

Running head: BUSINESS GOVERNANCE IN GLOBAL MARKETS
BUSINESS GOVERNANCE IN GLOBAL MARKETS
Name of the student
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1BUSINESS GOVERNANCE IN GLOBAL MARKETS
Topic: Impact of leadership approach in improving organizational performance in the international
markets
1. Statement of research question
The leadership roles vary within different individuals and situations. The organizational performance
in the global markets is optimized through the approach and role that is played by the leader. In this
connection, the current research will identify the value of the leadership approach or role in improving the
organizational performance in the international markets. Therefore, the different challenges that are
encountered by the global leaders and the manner in which the international operations of an organization are
managed will be discussed as a part of the research.
2. Project goal and objectives
2.1 The goal
The goal of undertaking the research will be to make the business leaders aware of the required skills and
knowledge that might shape their approach of management while operating in globalized markets
2.2 The objectives
The objective of undertaking the research will be make the leaders aware of the different roles and
responsibilities that they are expected to perform in the global market environments and thereby develop
their professional attributes within the span of 6 months for coping with the changing global business
environment.
3. Background
Leadership and governance plays an important role in maintaining the effectiveness of the business
operations. According to Para-González, Jiménez-Jiménez and Martínez-Lorente (2018), the changing
global business environment requires continuous change in the leadership approach and the decisions that are
made by the managers. In this connection, the incapability of the managers or the business leaders in

2BUSINESS GOVERNANCE IN GLOBAL MARKETS
adapting themselves to the global scenario might affect the overall performance of the organization. In most
of situations, it has been observed that the insufficient knowledge and skills of the managers or the leaders
have affected the capability of the organizations in undertaking the modifications while operating in the
international markets. Moreover, Rao-Nicholson et al. (2016) opined that the communication skills of the
leader is an important criteria that might be considered in the global scenario. In a global business, the cross-
cultural communication, diversity- inclusions are the major aspects that might be considered by a leader. The
lack of efficient communication might affect the capability of the leader in developing cognition on the
different concerns that are being encountered by the employees in the global context, affecting the overall
firm performance. Islam et al. (2019) stated that the leaders take the initiative of communicating with the
workforce while identifying and mitigating the concerns or conflicts for the uninterrupted functioning of the
different processes in a business context. Therefore, the communication skills and knowledge on dealing
with cross- cultural conflicts is an important consideration that might be made by the business leaders while
operating in the international markets.
The decision making capabilities and the long term vision of the business leaders permits the same in
improving the overall business performance. Shanker et al. (2017) opined that the long term vision of the
leaders and the decisions that are taken by the same supports in guiding the direction of operations for a firm.
The knowledge on the changing business environment and their adaptability to the changing roles is again an
important point of consideration that might be made by the leader. It has been observed that the decision
making activities of a leader are considered to be the most important aspect of leadership while improving
the performance of an organization in the international context. The leaders having an increased market
knowledge and grip over the strategic discourses empowers promising performance of the business.
According to Yunis, Tarhini and Kassar (2018), the decisions made by the leaders in the international
contexts support an organization in empowering its sustenance in intensely competitive situations. The
aspects of corporate governance in the international context are specifically grounded on knowledge and
skills of managing different contingent situations through innovative strategies. In this connection, the