Changing Perspectives of Leadership in Economical, Social and Political Context

LEADERSHIP

Table of Content
INTRODUCTION...........................................................................................................................1
1 Changing perspectives of leadership in economical, social and political context....................1
2 The challenges of leadership in volatile business environment................................................2
3. Different Characteristics of Responsible Leadership..............................................................4
4. Importance of Demonstrating Responsible Leadership...........................................................4
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Leadership can be understood as an important function of management which helps to
maximize efficiency in all levels of company and to achieve organizational goals with
coordination among team members and management hierarchies. The role of leader is extremely
vital for company as the duty to represent the goals and mission of company relies upon him.
This report explains the changing perspectives of leadership in economic, social and political
contexts and the challenges in leadership in today's volatile business environment (Alford,
2019).This report also elaborately explains the various characteristics of a responsible leadership
and analyses the importance of demonstrating responsible leadership in organization during
process of change in volatile business environment.
1 Changing perspectives of leadership in economical, social and political context
In today's dynamic business world the role of leadership is changing on various
perspectives in context of economical, social and political scenarios where role of leader is
complexly diverse and dynamic in nature.
Economical contexts
 Growth of economy- The economic development of an economy in whole is highly
dependent on good strong leadership skills shown by leaders. This is particularly
important and an evolving perspective for leaders in economy because of the core values
an economy in whole holds for the growth of country. The role of leader in economy is
directly linked to foster economic development and decisions for equal distribution of
resources.
 Culture diversity- Leaders in economy must make diversity a priority which includes
thinking globally, appreciating culture diversity in amalgamating with different
economies to enhance the diverse productivity (Bush, Bell and Middlewood,
2019).Leaders must encourage new developing technological culture by building
partnerships with various economies and enhance cross culture leadership in economy to
foster growth and creativity. With the changing perspectives of leadership in economy,
leader must master their cultural intelligence skills.
Social contexts
 Vulnerability - The changing perspective of leadership requires leaders to develop
vulnerability and openness in social scenario. It helps to provoke innovation and
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