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Leadership In A Globalised World: A Case Study

2194 Words9 Pages

According to Investopedia, Globalisation is the tendency of investment funds and business to move beyond domestic and national markets to other markets around the global, thereby increasing the interconnection of the world. Globalisation increases international trade and cultural exchange. Globalisation has been around for many years, especially in emerging markets and the big winners are obvious. More and more small and mid-size companies are beginning to have global ambitions. However it is not as easy as it looks, managing in a globalised world has its challenges. What is our current understanding of managerial effectiveness? Does it apply to managers working in an increasingly complex global world? How different is it when they managed in their own countries? And what does it take for them to be effective when they manage across so many countries simultaneously? These are the many questions asked by managers and would be discussed in this …show more content…

With the complexity of preparation for overseas assignments, time consumed in adaptation to a different language and culture, it is strongly recommended to start the leadership development much earlier in a leader’s career. More students should be sent abroad for internships and student exchange programs in preparation for future leaders. However this is not enough, these students or leaders-to-be are encouraged to make use of reflective practices like journaling, mediation or prayer. By developing support networks of peers, they would be able to consult with people they trust with much confidence and make better decisions as well as confide in each other on their dilemmas, mistakes and challenges. Such experiences would enable future leaders to learn how to appreciate and accept people from diverse backgrounds which will help them become effective global

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