Traditional models of leadership are challenged in the wake of intensifying globalization and increasing salience of international markets. Critically discuss the causes of the contemporary global leadership crisis and, drawing from both theory and real-l - Essay Example

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Critically discuss the causes of the contemporary global leadership crisis and, drawing from both theory and real-life examples, distil the…
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Traditional models of leadership are challenged in the wake of intensifying globalization and increasing salience of international markets. Critically discuss the causes of the contemporary global leadership crisis and, drawing from both theory and real-l
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Download file to see previous pages r, they are also faced by an ever more globalised and complex external environment, in which they have to maintain a competitive advantage, adhere to foreign government requirements, and exceed other stakeholder expectations (William, 2012). In addition, the leader has to effectively navigate various cultural considerations within this globalised environment. The challenges faced by the modern-day global leader are difficult, while developing leaders with the capabilities to tackle them needs a comprehensive response (William, 2012). What is clear is that traditional leadership models are being challenged by intensifying globalisation and the increasing salience of international markets. This paper will aim to discuss the causes of contemporary global leadership crisis, as well as to identify the key traits required in an effective global leader.
One cause of the contemporary global leadership crisis is increasing complexity, especially as the global leader has to manage virtual teams, deal with employees at a distance, while also forming alliances and networks. Strategies and preferred leadership styles that worked before may not translate effectively into the global setting (William, 2012). These complexities become even more challenging when the leader has to handle cultural conflicts as they work simultaneously across multiple cultural groups. The requirement of any leader to form alliances and networks becomes challenging in the global environment, especially when it comes to creating shared goals, as well as implementing shared work. It is important the leader finds common ground and at the same time honour differences within the virtual team. Creating alignment around the organisation’s mission and work, while also appreciating and understanding different perspectives of employees at a distance, becomes an especially salient challenge (William, 2012).
The current global leadership crisis has also been enhanced by the increased distance between ...Download file to see next pagesRead More
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