27 Dec 2022

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The Implications of Leading Within a Changing Global Business Environment

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Academic level: University

Paper type: Coursework

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Explain the implication of leading within a changing global business environment 

The global business environment is ever changing and this can be explained by various changes in the external environment. These changes result in changes in the internal business environment. Global changes in the business environment consist of changes in political, economic, social, technological, ecological and legal framework. While they keep changing, the business should keep abreast of the changes and rearrange its internal operations to adjust to these changes ( Vasilescu et al. 2015). There are various implications for leadership capabilities that every business leader is supposed to consider. In order to drive the business vision, administrative changes are needed which will enable the business to change and prevail over time. The following are some of the key center abilities that should be built; 

Strategy; choice of a strategy requires a proper and an insightful consideration of business vision and mission. The leaders should understand that there is a need to consider changes expected in business and formulate strategies that reflect the expected changes (Rajiah and Bhargava, 2016) . Key decisions are developed from these changes and should be founded on a constant client input. 

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Refining and adapting business models; refining and adapting business models encompasses reformulation, reorganization, and redefining the organization plan of action to incorporate improvements and changes in client’s recommendations, esteem chain, an organization benefit recipe. An ideal business model should reflect the changes in business and centered on customer needs and requirements. 

Disruptive innovation; changes in the business environment requires speedy developments and arrangement of techniques espoused by the organization. Disruptive innovation requires consideration of underserved or un-served sections. 

Leading proactive change; proactive change is the ability to define what is expected in the future and working towards addressing the changes. A leader should have the ability to lead proactively through straightforward correspondence, predictable and a clear guide or vision. 

Strong leadership mindset; leaders in the rapidly changing business sectors requires a leadership mindset that is strong in order to grasp their positions of influence considering themselves as agents, pioneers, and leaders of change. They should have a clear goal and vision and strongly believe in achieving these changes. The pioneers of change should be able to communicate clearly and lay down their intent to others. They should develop clear objectives that are specific, measurable, achievable, realistic and timetable. 

Describe the team leadership model and how this relates to your current business environment 

Team leadership model is important and critical as it enables the organization to consider various strategies to adapt to meet future changes. A team is a group of people with a common objective, pursuing a similar course to achieve the desired results (Northouse, 2018) . Team leadership models are important as they enable the leaders to define powers and distribute authority within the team. They enable the pioneers or agents of change to define the selection of alternatives and adjustment of leadership styles based on the skills and individual certainty. Based on this, the following are some of the activities to be undertaken; 

Building up a new team 

Team formation 

Performance and achievement of the team results 

Maintaining the performance of the team 

The team development phases are going to require different styles of leadership which include; 

Scheming; 

Supporting 

Animating and 

Synergizing 

The team leadership model will be applied in the following ways; 

Consideration of styles to be adopted at each stage 

The relationship between group members by defining their roles 

The contribution of each group member 

Strategies for improving leadership style and strategies 

How to carry out improvements 

Activities entailed in each style of leadership selected, 

Other than just leading, a selected approach should achieve the expected results and reflect the interests of the group by defining its role and objectives of its formation. 

Outline the positive aspects of gender, diversity, culture, and teamwork that can improve the overall performance of the business 

Creates a pool of talent, experiences, and skills-team consisting of people or members derived from different gender, teamwork, and diversity often have a wide range of aptitudes, abilities, and encounters which are advantageous to the organization. They complement the weaknesses of each member and help them fit within the organization. 

Improved innovation 

Innovative ideas are generated by individuals from different foundations, working styles, and encounters. Bringing a pool of thoughts from diverse grounds strengthens the innovative capacity of a team. 

Improvement of language skills which open doors for business 

An institution with people from different cultures breaks down social contrasts and dialect boundaries which obstructs the organization from investing over shores. Having representatives from different backgrounds plays a key role in investing across the globe. 

Employee’s motivation 

A domain characterized by inclusivity creates a feeling of greatness and upbeat among the employees. A work environment that is balanced creates an imperative foundation for specialists to enable them to achieve and contribute maximally to the organization 

Apply principles of motivational leadership within a diverse culture 

All players are motivated 

Motivational leadership should not motivate a few people and demotivate others. The motivation should cut across the organization and have all the employees on board. 

Pain causes change 

Challenging situations are drivers of motivation to change. Challenges once encountered should be used as propellers of change. 

Self-benefit supersedes other’s benefit 

People perform exceptionally when they perceive a benefit. They should be made to own the goal and objective upon whose achievement will result in positive motivation. 

Effective communication 

Communication is a central factor in the achievement of any vision and mission. It is through communication that ideas are exchanged. Employees in an organization where communication is not restricted shares their thoughts and always appreciate their position in the entity. 

References 

Northouse, P. G. (2018).  Leadership: Theory and practice . Sage publications. 

Rajiah, P., & Bhargava, P. (2016). Motivational leadership: tips from the business world.  Journal of the American College of Radiology 13 (5), 585-589. 

Vasilescu, B., Posnett, D., Ray, B., van den Brand, M. G., Serebrenik, A., Devanbu, P., & Filkov, V. (2015, April). Gender and tenure diversity in GitHub teams. In  Proceedings of the 33rd Annual ACM Conference on Human Factors in Computing Systems  (pp. 3789-3798). ACM. 

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StudyBounty. (2023, September 16). The Implications of Leading Within a Changing Global Business Environment.
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