Global Leadership and Management Issues for the 21st Century

Global Leadership and Management Issue for 21st Century
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Introduction
A continuous issue on global leadership and management concern has been researched over the years for organization improvement. In the 21st century, such issues are becoming more compounded due to the growing relationships and integrations among businesses. This has resulted in the altering of geographical boundaries, psych distance, and national borders imposed politically, which determines the concept of business space and time (Hofstede, 2016). For successful organizational leadership and management in the modern society characterized by advanced knowledge of 21st century in the global economy, businesses must ensure the enhancement of practical skills and knowledge in their operations (Lavie, 2011).
Business development in the 21st century requires proficient leadership and management especially with regards to making quick and operative decisions. In this century, the world is experiencing a drastic change with a dramatic revolution in technology and industrialization. Technology evolvement involves the use of computer software, advanced information technologies, communication, and multimedia technologies. The developmental process of the 21st century is expected to run up to the year 2100 with great prospective in global leadership and management development. Different factors have been identified to influence global leadership and management issues with each factors playing a different role, especially with reference to modern education in the business field, as discussed herein.
The emergent of new models of leadership and management is resulting in drastic changes across the world. In this 21st century, the leadership styles are also changing to accommodate the future transformation of the system (Baker, 2009). Globalization occurs with integration in social, political, economic, cultural, and technological aspects of development (Luthans & Doh, 2015). Increase in economic integration across the world accommodates negotiations and execution of new global trade and investment agreements. This results in the creation of new opportunities and challenges, allowing the government and organizations to enhance business transactions across national boundaries on an unprecedented scale (Global Economic, 2013). Among the established roles for leaders include bringing people to new horizons, motivation, recognizing good work done, addressing economic ambiguities, and setting new standards among other roles. Successful global leaders are required to have these skills, which mainly involve guiding and motivating team members in an extremely visible manner (Luthans & Doh, 2015). The major focus of organizational leaders is to get the right people for the right positions and make money while meeting the secondary objective of a business.
Despite the variation in managerial behavior, managers tend to follow the fundamental objectives and rules of a company. Leaders need to ensure the stability of an organization or company, even after experiencing inevitable transformation at both organizational and global perspectives (Luthans & Doh, 2015). Managers take care of the team members and all business ...