Global Leadership Challenges

Global leadership
challenges

Table of Content
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
The changing perspectives of leadership in economic, social and political context...................3
Challenges In leadership in today's volatile business environment.............................................4
Different characteristics of a responsible leader..........................................................................5
The importance of demonstrating responsible leadership to lead the organization during a
process of change.........................................................................................................................6
CONCLUSION................................................................................................................................8
REFERENCES..............................................................................................................................10

INTRODUCTION
Leadership can be understood as an important trait in management which has an
influential role in guiding the team members and subordinates with business goals and towards
vision statement of company. This report explains the importance of leadership along with the
various challenges leaders face in changing business environment. It also explains the changing
perspectives of leadership in economic, social and political context. The challenges of leaders in
working in today's volatile business environment. It also examines the various characteristics of a
responsible leader. It also explains the importance of demonstrating responsible leadership skills
to be able to lead in the organization during the process of change.
MAIN BODY
The changing perspectives of leadership in economic, social and political context
Leadership can be understood as the managerial ability of an individual to influence,
motivate and enable the management teams to contribute towards the effectiveness and success
of an organization. It is a process whereby an individual influence a group and directs everyone
at organization toward working with effective management principles to achieve the set goals.
Leadership in economic context:
 Diversity a priority: In a global economy it is becoming increasingly important for the
leaders to adopt diversity in their working skills (Antonakis and Day, 2017).Culturally
diversified leaders are those who elevate diversity to the top of organizational planning
and view diversity as the critical factor to innovation and creativity. Leaders must enable
rich communication and get to know the people and their differences to enhance their
capabilities.
 Culture intelligence: A culture intelligence leader in an economy enables rich
communication and adopts with a vulnerable approach by creating an inviting space in
environment for intercultural dialogue. They must make accountability a core value and
work towards increasing the diversity for fostering creativity and culture intelligence
skills.
Leadership in social context:
 Collaborative communication: An effective leader must work on increasing collaborative
communication skills in the team members which enables increased flow of ideas and