Importance of Global Leadership in Business Essay

849 Words 4 Pages
Today, after decades of expanding opportunity to all citizens, institutions are applying the lessons learned, to the task of meeting the new and growing needs of business, as well as of the larger society. The term diversity is embracing an international as well as multicultural perspective. The positive benefits that can be recognized from this diversity are significant to today's executives, corporations, and higher education. Commercial success in the future will depend, even more than it does today, on men and women who take leadership roles in an increasingly global economy.
The intensity of today's global economy challenges corporate executives to compete successfully with anybody, anywhere, and at any time. Which brings about the
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Cultural empathy is one. A global manager must have the "ability to appreciate and respect beliefs, values, behaviors, and business practices of individuals and groups from other cultures." (Ashamalla 2) Another is awareness of environmental constraints. In a foreign country, a global or "expatriate employee is faced with unfamiliar sets of environmental forces that can be very different from those of their home country." (Ashamalla) Interpersonal skills are also important. It involves "effective verbal and non-verbal communication, the capacity to build trust, and the ability to utilize referent power in managing within a foreign environment." (Ashamalla) "Managerial and decision making abilities are also highly required, particularly when a manager is operating under conditions of isolation or physical distances from the center of decision making in the home office." (Ashamalla) Other important qualities for success overseas include foreign language proficiency, flexibility, adaptability, entrepreneurship, self-motivation, tolerance for ambiguity, and sensitivity to world events and their impact on the long-range perspectives of the business. Even though many expatriate workers like the many things that come with the international market, such as pay, benefits, experience in general, there are some undesirable aspects and challenges of this type of work as well. Some of them