Leadership Development Trends and New Requirements Report

Exclusively available on Available only on IvyPanda® Made by Human No AI

Changes in the global management paradigm have affected one of the most important components of management – the leadership process. The technological and information revolution has led to the fact that most businesses have the ability to scale their activities to a global scale. This gave the leaders, on the one hand, the opportunity to enter global markets. On the other hand, it led to the need to design business changes in such a way that the company was ready to win against an unlimited number of competitors at every stage of development. This implies the first requirement for a future business leader: a company mission that does not provide for the pursuit of global leadership will not lead to success. Therefore, the design of change should be based on the goal of achieving global leadership, which refers primarily to cultural management skills.

No one can deny the fact that cultural differences have a significant impact on the behavior and actions of a leader. Based on this, it becomes quite obvious that these differences are usually reflected in the ways of distributing working time, decision-making, and methods of motivation. The concept of leadership is an integral element in the system of international relations, which largely determines the course of the world’s political and economic processes. According to Ratanjee (2021), “the topic of developing a global mindset and exposing leaders to multicountry and multicultural experiences is gaining increasing interest” (pp. 2). It is clear that transformational leadership in the leadership process is strongly suggested for future leaders. Bonsu and Evans (2018) state that “embracing cross-cultural transformational leadership is strategic to business growth in an era of globalization, efficiency in technology and information dissemination, and parity of education and skills” (p. 50). With discernment and charisma, transformational leaders are able to inspire those around them to change their expectations and motivations in order to move towards higher goals.

References

Bonsu, S., & Evans, T.-D. (2018). Leadership Style in the Global Economy: A Focus on Cross-Cultural and Transformational Leadership. Journal of Marketing & Management , 9(2), 37–52.

Ratanjee, V. (2021). Gallup.com.

More related papers Related Essay Examples
Cite This paper
You're welcome to use this sample in your assignment. Be sure to cite it correctly

Reference

IvyPanda. (2023, January 21). Leadership Development Trends and New Requirements. https://ivypanda.com/essays/leadership-development-trends-and-new-requirements/

Work Cited

"Leadership Development Trends and New Requirements." IvyPanda, 21 Jan. 2023, ivypanda.com/essays/leadership-development-trends-and-new-requirements/.

References

IvyPanda. (2023) 'Leadership Development Trends and New Requirements'. 21 January.

References

IvyPanda. 2023. "Leadership Development Trends and New Requirements." January 21, 2023. https://ivypanda.com/essays/leadership-development-trends-and-new-requirements/.

1. IvyPanda. "Leadership Development Trends and New Requirements." January 21, 2023. https://ivypanda.com/essays/leadership-development-trends-and-new-requirements/.


Bibliography


IvyPanda. "Leadership Development Trends and New Requirements." January 21, 2023. https://ivypanda.com/essays/leadership-development-trends-and-new-requirements/.

If, for any reason, you believe that this content should not be published on our website, please request its removal.
Updated:
This academic paper example has been carefully picked, checked and refined by our editorial team.
No AI was involved: only quilified experts contributed.
You are free to use it for the following purposes:
  • To find inspiration for your paper and overcome writer’s block
  • As a source of information (ensure proper referencing)
  • As a template for you assignment
Privacy Settings

IvyPanda uses cookies and similar technologies to enhance your experience, enabling functionalities such as:

  • Basic site functions
  • Ensuring secure, safe transactions
  • Secure account login
  • Remembering account, browser, and regional preferences
  • Remembering privacy and security settings
  • Analyzing site traffic and usage
  • Personalized search, content, and recommendations
  • Displaying relevant, targeted ads on and off IvyPanda

Please refer to IvyPanda's Cookies Policy and Privacy Policy for detailed information.

Required Cookies & Technologies
Always active

Certain technologies we use are essential for critical functions such as security and site integrity, account authentication, security and privacy preferences, internal site usage and maintenance data, and ensuring the site operates correctly for browsing and transactions.

Site Customization

Cookies and similar technologies are used to enhance your experience by:

  • Remembering general and regional preferences
  • Personalizing content, search, recommendations, and offers

Some functions, such as personalized recommendations, account preferences, or localization, may not work correctly without these technologies. For more details, please refer to IvyPanda's Cookies Policy.

Personalized Advertising

To enable personalized advertising (such as interest-based ads), we may share your data with our marketing and advertising partners using cookies and other technologies. These partners may have their own information collected about you. Turning off the personalized advertising setting won't stop you from seeing IvyPanda ads, but it may make the ads you see less relevant or more repetitive.

Personalized advertising may be considered a "sale" or "sharing" of the information under California and other state privacy laws, and you may have the right to opt out. Turning off personalized advertising allows you to exercise your right to opt out. Learn more in IvyPanda's Cookies Policy and Privacy Policy.

1 / 1