Globalization- the Leadership Challenge

GLOBALIZATION- THE LEADERSHIP CHALLENGE Globalization is not only inevitable, but in addition a blessing in disguise. It is something like, as Ronald Steel (1999) truly aptly puts, You try to shut the door and it [the global economy] comes in d ace 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 its not only in the room with you. You eat it. It nonpluss wrong you. Globalization refers to a process of increasing economic consolidation and growing economic interdependence between countries in the populace economy. In an article titled The globalization of markets, Levitt(1983) had predicted a new commercial reality- the take 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 touchstone products. Thus being global is not just well-nigh where you do business but how you do business. Challenges Unlike the bounded world, globalized world needs assorted sets of leadership skills because the challenges of the globalized world are all told 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 go for 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 garner that helps them to develop an enveloping culture(Sinha and Mohanty,2004). An enveloping culture encourages drive, initiative and skills necessary to contain effectively in diverse communities. However honing these skills is not an tardily task, and therefore is a challenge in itself. A survey(1997) of the US helping 500 firms has revealed that 85% of the firms do not think they have an adequate number of global leaders. 67% of the firms think that their existing... If you want to get a full essay, order it on our website: Orderessay

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