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Globalization- The leadership challenge. GLOBALIZATION- THE LEADERSHIP CHALLENGE
Globalization is not only inevitable, but also a blessing in disguise. ...
... issue, ethics is also a major challenge of the ... because of the changes in human diversity
and globalization. ... Throughout their leadership, they must be firm in ...
... issue, ethics is also a major challenge of the ... because of the changes in human diversity
and globalization. ... Throughout their leadership, they must be firm in ...
... And communitarianism, or collective leadership among the world's peoples, he says,
is the challenge of globalization." Introduction: "Globalization is a fact ...
... Globalization has many implications for leadership today and ... Leaders must respond
to this challenge of globalization so they can effectively reach ...
Submitted by Fiona13 on December 12, 2007
Category: Social Issues
Words: 2279 | Pages: 10
Views: 339
Popularity Rank: 27,281
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GLOBALIZATION- THE LEADERSHIP CHALLENGE
Globalization is not only inevitable, but also a blessing in disguise. It is something like,
as Ronald Steel (1999) very aptly puts, “You try to shut the door and it [the global
economy] comes in through the window. You try to shut the window and it comes in on
the cable. You cut the cable, it comes in on the internet. And it's not only in the room
with you. You eat it. It gets inside you.”
Globalization refers to a process of increasing economic integration and growing
economic interdependence between countries in the world economy.
In an article titled “The globalization of markets”, Levitt(1983) had predicted a new
commercial reality- the emergence of markets on a previously unimagined scale of
magnitude. He puts forward a theory of globalization where he predicted that one of the
effects of globalization would be the emergence of firms straddling the globe and
providing standard products. Thus being global is not just about where you do business
but how you do business.
Challenges
Unlike the bounded world, globalized world needs different sets of leadership skills
because the challenges of the globalized world are entirely different. The very word
global intrinsically also connotes diversity. And diversity itself is a big challenge.
Therefore in a globalized world, we need leaders who have worked in more than one
market. Working in markets of different countries helps them to broaden their minds and
they start seeing the world as their oyster that helps them to develop an enveloping
culture(Sinha and Mohanty,2004). An enveloping culture encourages drive, initiative and
skills necessary to operate effectively in diverse communities. However honing these
skills is not an easy task, and therefore is a challenge in itself. A survey(1997) of the US
Fortune 500...
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