The paper "Globalization and Leadership Trends" is a good example of management coursework. Globalisation is the process, state or concept that refers to the growth of interdependence between organizations, governments and companies on a worldwide scale. It evolves partly because of increasing international trade across countries and because of various changes in the international business environments. The globalisation of industries, organizations and markets are fuelled by technological, economic, social and political forces all of which have a great bearing to leadership (Goldsmith, Greenberg, Robertson, & Hu-Chan, 2003). The globalisation of institutions, organisations and market creates good opportunities as well as challenges for global leaders.
Every leader faces a set of opportunities and challenges unique to his/her organisation’ s way of doing things, customer changes and technology. Globalization, as a new concept has unfolded as organizations begin to grow outside country of origin boundaries to multi-national organizations. Leadership in a globalized environment involves tapping human resource from many countries as well as meeting customer needs and tastes (Goldsmith et al. , 2003). This is possible with the understanding that customer base includes people from various backgrounds and tastes in different locations in the world.
Therefore, it takes a leader with global mind-set to provide vision and direction towards achieving global organization objectives. This paper will address leadership opportunities, challenges and changes that have come up due effects of operating in a globalized environment (McCall & Mobley, 2001). Globalisation is here to stay. It is integrated into the daily lives of many people especially with the introduction of social media websites such as Twitter, Facebook etc. Companies and organizations, as well as individual people, are going global.
Both companies and individuals are making friendships all over the world with people who are so many miles away. Advertisements and recruitment drives are done online. Technology is creating a virtual market where supplies meet demand (McCall & Mobley, 2001). Many factors in the globalized environment are transforming the context of leadership. Globalization and information technology advancements lead to an increase in competition among global organizations. This in turn cause emergence of new organization leadership models to keep in congruence with emerging trends. Mergers and alliances lead to boundary integration which places relentless emphasis on collaboration as a means of enduring harsh economic global challenges (Mendenhall, Oddou, Osland, Bird, & Maznevski, 2012). The need to keep innovating is influencing recruitment of a knowledgeable workforce that is competitive and adaptable to frequent changes in the working environment and situations.
Advancement in information technology brings about new working practices either to make work easier or to improve productivity and efficiency as this time when organizations have to manage large volumes of information and communications. However, new information technologies demand new working strategies more so to safeguard organizations from vices that come along with technology (Mendenhall et al. , 2012). Globalisation is spearheading changes from traditional patterns of leadership.
In a globalized environment, competitors are often the supplier, partners and customers of an organisation. Organization boundaries are disappearing due to an increase in partnership and mergers among global organizations. This complex environment necessitates the need for effective leadership. A global leader is expected to manoeuvre the uncharted and mostly unanticipated global changes and shifts to bring value to investors, employees, customers and partners (Lauder, Brown, Dillabough, & Halsey, 2006).
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