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New Trends in Global Business | Assignment

   

Added on  2019-11-20

8 Pages1780 Words159 Views
Running head: NEW TRENDS IN GLOBAL BUSINESSNew trends in global businessName of StudentName of the UniversityAuthor Note

1NEW TRENDS IN GLOBAL BUSINESSSelf awareness to be successful leaderThe act of being a successful leader would not be possible without the act of self-leadership. The high self-awareness of the leader is considered as the strongest predictor ofsuccess of a leader (Showry and Manasa 2014). The executives who are better aware of theirstrengths and weakness are able to better perform leadership tasks. The self-aware leaders aremore motivated and become more effective. They are also able to perform accurate decisionmaking activities. The self-aware leaders are humble enough and they are free to listen to newideas as well as opposing opinions. The leaders who are aware of their own potentials are able toembrace the various vulnerabilities and they display adequate humility (Showry and Manasa2014). Another aspect of the self-awareness knows the strengths and the weaknesses of the otherteam members. The effective teams are made up of leaders who are able to identify the diversityof the team. The phenomenon of self-awareness is concerned with the ability of being sociallyintelligent (Sturm et al. 2014). If the leader is aware about himself and his surroundings, then hewould be able to display charismatic personality. The self-aware leaders are perceived better andthey are considered as effective leaders. The self-aware leaders are said to be more effective thantheir counterparts (Day et al. 2014). Self –awareness is considered as an invisible emotion inwhich there is a subsequent increase in the productivity of the employees. A leader who is awareof his limitations would be more effective in taking effective decisions for his decision. Suchkinds of leaders are also said to be emotionally intelligent as they are able to listen to their gutfeeling (Showry and Manasa 2014). They are also able to do active listening, which helps themto handle the conflicts well. It can be concluded that the self-aware leaders are more successfulin their career and professional journey.

2NEW TRENDS IN GLOBAL BUSINESSGood judgment for becoming successful leaderThe leaders need to have good judgmental capabilities so that they can be successful intheir professional endeavors. The good judgment capabilities go in hand with the consistentcommunication and clear vision (Szyld and Rudolph 2013). If the leader is unable to understandthe minute intricacies of the situation, then he would not be able to judge well. The act ofjudgment begins with the level of humility and it is important to consider all the facets of thesituation before making any conclusions (Szyld and Rudolph 2013). It is also important toidentify the pivotal roles in the organization and listen to the varied views of the people. Thiswould help the leaders to make effective judgments. One of the most important ways to have good judgmental capabilities is to have excellentcommunication skills. The leader should be able to transfer his ideas to his team and also takethe ideas from them. It is important for the leaders to gather all the facts, data and informationbefore they give their judgment. These tasks can’t be done alone and hence communication isvital. It is also important to maintain good relationships with the team members and this wouldhelp in the process of judgment (Szyld and Rudolph 2013). One of the most critical aspects ofthe judgment process is to accept the mistakes done and to correct them as soon as possible. Quality of VisionThe quality of vision is perceived as the subjective entity which assesses the uniqueperception of personal vision (Daft 2014). The quality of vision is said to be multifactorial innature and determine the qualities of an effective leader. Vision is considered as an essentialquality to determine effective leadership, which communicates trust and communication in a

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