Leadership Challenges of 21st Century

2694 Words Oct 20th, 2012 11 Pages
A Paper on

Leadership: A Glance into Challenges for 21st Century Leader

Abstract
Leaders have always been our source of inspiration, passion and motivation to make us believe, try and achieve things that we may not have envisioned to achieve. However, with the growing complexities, rate at which changes are occurring and other dynamics of the corporate world, the leaders and leadership is being tested more than ever before. It seems that the old leadership styles and fundamentals are not effective anymore or, may be, have lost their relevance completely.
This paper tries to look into the need of the contemporary business scenario and to understand the aspects that a leader must focus in order to defy the challenges in front of
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Devi Shetty, who’s pioneering Narayana Hrudayala in Bangalore is able to profitably deliver free cardiac surgery to the peasants of Karnataka through an insurance scheme for which all they have to pay is Rs. 5 a month as premium

The Changing Scenario:
There are a plethora of powerful economic, social, technological and cultural forces that are shaping and reshaping the “marketplace” in which we operate, A few of such transformational forces of particular relevance are * Technological Advancements including both the instantaneous and borderless nature of communication and data/knowledge sharing * Globalization as they affect the economic development and socio-cultural implications of our work; * People, both in terms of talent availability/demographics and sourcing, as well as in fostering and sustaining innovation and creativity. * Natural Resource limitations, which will become a dominant force in the way we think about sustaining in the coming decades * Rising consumer expectations

Fig. 2.0 The Transformational Forces for Leadership Changing markets, flatter organizations and new partnering arrangements have given 21st century leaders many roles, multiple stakeholders and an increasingly fragmented job where they continually face trade-offs in time, energy and focus. Their endeavor includes: * Matching their leadership style to the changing scenario * Holding multiple perspectives without being overloaded *
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