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). The future of Leadership development: A global mindset. Gallup.com.