Report: Examining Leadership Challenges in a Volatile Business World

This report delves into the multifaceted challenges of global leadership, examining leadership perspectives within economic, social, and political contexts. It explores the difficulties leaders encounter in today's volatile business environment, emphasizing the need for managerial effectiveness, employee development, and change management. The report highlights the characteristics of a responsible leader, including persuasion skills, commitment, and strong communication abilities. Furthermore, it underscores the importance of demonstrating responsible leadership to guide organizations through processes of change, fostering higher performance levels, organizational excellence, and a clear vision. The report concludes by summarizing the dynamic nature of leadership and its significance in navigating an ever-changing business landscape, emphasizing the leader's crucial role in guiding teams toward achieving production targets and overall organizational success. The report is an example of a student's work contributed to Desklib, a platform offering AI-driven study tools.

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

collaborative learning within the organization (Antonakis, 2017).Dedicated leaders
enable the growth of humanistic, responsible and supportive elements in the workforce
by focusing on collaborative communication.
 Integrity: Integrity is an important quality of successful leader to recognize the changes
coming in management due to increasing competition in economy and work towards
adapting the changes openly.
 Optimistic vision: Successful leaders craft a transformative optimistic vision and share it
with a sense of passion by mobilizing the team to execute vision and sustain momentum
through constant reinforcement of ideas. This approach demands consistent, authentic
and transparent communication strategy between the management hierarchies.
Leadership in political context:
 Power: An important quality of an efficient leader in changing political scenario is the
way he exercises his power (Covin and Slevin, 2017).It can be understood as the way
leaders behave and uses his power to delegate the functions in teams and subordinates for
reaching business goals effectively.
 Principles of good governance: An efficient leader must follow the principle of good
governance to achieve the goals and sustain the quality in delivering first-rate services.
The increasing complexities and requirements arising from the constant change in world,
coupled with constant push for higher levels of productivity, require ethical
implementation of good governance principles(Dugan, 2017.)
 Accountability: Accountability is a concept in ethics and governance with several
concepts such as responsibility, blameworthiness and the role to be accountable of ones
duties towards the management. An effective leader holds the unaccountability of actions
done by subordinates towards the management.
Challenges In leadership in today's volatile business environment.
 Developing managerial effectiveness- In volatile business environment with diverse
workforce culture it becomes difficult for the leader to manage teams effectively. Leaders
need to develop principles of managerial effectiveness in diverse business culture by
working towards enriching principles of management. Enhance collaborative working
styles and motivate the team member to work with ethical code of conduct.

 Inspiring other-In today's volatile business world it is necessary for leaders to keep
employees motivated and inspired for reaching higher performance standards and
working towards effective production goals. Inspiring subordinates help leaders to guide
them for reaching company profit margins.
 Developing employees- In today's volatile business environment it is important to
develop the skills in employees by the leader of teams to increase their productivity
levels. Training them with new skills to reach increased profit margin in goods
production and enable the company to gain competitive advantage.
 Leading teams- In today's volatile business environment it is important for the leaders to
lead their team effectively, establish strong communication between the employees. By
motivating the teams with technical guidance leaders enhance their working procedures
and establish benchmarks to reach the goals.
 Guiding change – In the volatile business environment where new technological
changes are coming every day, it is important for leaders to guide change and enhance the
technological up gradation in working styles. By guiding change through leaders they
pave paths for enriched production and high profit margins in company.
 Managing internal stakeholders and politics – In today's volatile business environment
it is important for leaders to manage internal stakeholders which are employees and other
management hierarchies. Establish coordination by leading the teams in right direction,
avoiding politics between them and establishing easy flow of communication between all.
 It is imperative for the leader to handle internal issue arising within internal stakeholders
for effective management in company.
Different characteristics of a responsible leader.
 Persuasion and influencing skills -A responsible leader need to have the ability to
persuade and influence the team members under him effectively for reaching the business
goals set by company. By proper execution of his power he must influence the team
members to work with coordination and use their energies with passion to enhance their
performance standards.
 Commitment and passion- A responsible leader needs to have commitment and passion
towards his work and lead the team by high level of enthusiasm in making the right
appropriate decisions and influencing the employees effectively.

 Good communicator – A responsible leader needs to be a communicator and establish
good strong communication standards within the team to enhance their performance
levels in accordance with the company goals.
 Inspire others – A responsible leader must have the quality to inspire others with his
performance and must have the courage to work with loyalty and endurance.
 Delegation and empowerment – A responsible leader must have the ability to delegate his
powers effectively to the team members and empower them to increase their performance
levels. He should keep coordination factor in mind while delegating the functions to
subordinates for reaching production levels.
 Decision making capabilities -A responsible leader must have strong decision capabilities
to bring changes in functioning of team members. The leader holds sole responsibility in
taking decisions for the subordinates,to improve their standards and increase the profit
margins of company.
The importance of demonstrating responsible leadership to lead the organisation during a process
of change.
A responsible leader must demonstrate effective leadership traits to lead the company
successfully in the process of change. When good leadership is in place,it can be felt throughout
the entire organization. An effective leader develops the business culture in correct direction with
open and effective communication in all team members. An environment where employees have
a free flow of communication and vision of company is clear,it enables high production levels
and better quality management.
Dynamic business environment-The importance of demonstrating responsible leadership to
lead the organization in a process of change can be understood as there is high level of
competitiveness in the working levels of companies. A good leader with dynamic attitude in
working styles contributes the organization to fight the competitive levels in companies
effectively. A dynamic leader is someone who progressively clarifies business goals in
management teams members and guide them in serving the organizational Misson effectively.
The organization in today's business world dosent have the luxury of stability since it faces an
ever-increasing change in marketplace, customers and technology.
Higher performance levels -With continuous evolving business world in today's environment
companies need to have responsible leaders to enhance the performance levels by increasing the

production targets and quality in services and products. The organization needs to harness new
ideas, skills and energies within the team leaders to reach the production targets and company
business goals. Responsible leader clarifies and refines his unique point of view in company
growth by integrating inputs from self-reflection study, mentoring and proper feedback
(Grossman and Valiga, 2016).
Organizational excellence – Responsible leader in company helps in building strategic direction
for the company to reach its goals. Organizational excellence begins with understanding the
company purpose, establishing strategic communication between hierarchies by the team leaders.
This enables the company to reach integrity levels in production and brings flexibility with
dynamic adaptive business culture (Priest and Gass, 2017).A responsible leader aims the
company to reach organizational excellence with a long term stability.
Clear vision- A responsible leader helps the company and its employees to work effectively with
a clear vision in mind for the purpose company serves its customers for, the production and
profit targets and how to reach them. Dynamic leader with powerful vision helps the company to
establish an influential position in the industry and reach large levels of customers with satisfied
enhanced goodwill. With clear vision of company goals and mission statements leaders are able
to get desired results from team members in an effective manner (Rosenbach, 2018 )
Reaching benchmarks -A responsible leader motivates the team members in reaching the
benchmarks in production levels and customer satisfaction set by company where his role to
motivate employees serve effectively to work in dynamic business environment. There is
improved productivity of the workforce and the ability of employees to work under pressure is
also increased.
Coordination in business operations – A responsible leader in company brings coordination in
the business operations by successfully implementation of company goals and directing the team
members to work hard for reaching the company goals effectively. An efficient leader fosters
great communication among all team members and aids management to work with harmony and
ethical code of conduct(Schoemaker, Heaton and Teece, 2018).
Revolutionary business – A responsible leader helps the company to work in revolutionary
business world where dynamic business skills in a company helps to achieve the objectives and
goals of company. He encourages the team to mobilize the resources that the company possess

towards achieving a common business goal. With the clear business goals leader influences the
employees to work with enthusiasm and energy to reach higher quality in products and services.
CONCLUSION
This report can be concluded with the meaning of leadership, its importance for
organizations and the changing perspectives of leadership in economic, social and political
scenarios. It concludes the explanation of dynamic factors, flexibility in the role of a leader and
how he needs to adopt in changing business world(Yahaya and Ebrahim, 2016).The leader has an
important role to guide the team members towards achieving the targets in production levels. It
also concludes the various challenges leaders face in volatile business environment and how he
works to effectively influence the subordinates. This report analysed the explanation of various
characteristics in a responsible leader in company and how his position has an important
significance for the management. It can also be concluded with the importance of demonstrating
responsible leadership traits by leaders in companies to enable them work effectively with
efficient communication among team members during process of change.
REFERENCES
Books and Journals
Antonakis, J. and Day, D. . Eds., 2017. he nature of leadership. Sage publications.
Antonakis, J., 2017. The future of the leadership quarterly. The Leadership Quarterly. 28(1)
pp.1-4.
Covin, J. G. and Slevin, D. P., 2017. The entrepreneurial imperatives of strategic
leadership. Strategic entrepreneurship: Creating a new mindset. pp.307-327.
Dugan, J. P., 2017. Leadership theory: Cultivating critical perspectives. John Wiley & Sons.
Epitropaki O., Kark, R., Mainemelis, C. and Lord, R.G., 2017. Leadership and followership
identity processes: A multilevel review. The Leadership Quarterly, 28(1), pp.104-129.

Fletcher, J.K., 2017. Leadership, power, and positive relationships. In Exploring positive
relationships at work (pp. 347-372). Psychology Press.
Grossman, S. and Valiga, T. M., 2016. The new leadership challenge: Creating the future of
nursing. FA Davis.
Priest, S. and Gass, M., 2017. Effective leadership in adventure programming, 3E. Human
Kinetics.
Rosenbach, W. E., 2018. Contemporary issues in leadership. Routledge.
Schoemaker P. J., Heaton, S. and Teece D., 2018. Innovation, dynamic capabilities, and
leadership. California Management Review .61(1).pp.15-42.
Yahaya, R. and Ebrahim, F., 2016. Leadership styles and organizational commitment: literature
review. Journal of Management Development.