Major Leadership Patients Faced by Global Leaders in...

Based on Terrell and Rosenbusch (2013), todays world is one of extreme chaos and continuous change. It has become borderless, multicultural and a quickly developing hybrid of cultures, where a rapidly growing number of businesses operate as if the whole world were a single entity. This has created new realities for organizations because they must manage diverse cross-cultural workers, customers, suppliers, investors as well as competitors increasingly (Javidan et al, 2006). The challenge of globalization is that companies have to adapt or die. Adaptability will be the ultimate characteristic which differentiates successful from unsuccessful companies (McCallum, 2001). Therefore, the need for understanding different communication practices and cultural values has become quite significant (Artiz and Walker, 2014). An important consequence of the globalization processes is that leaders in all realms of society are experiencing major changes in their roles and responsibilities (Dean, 2005). These forces are driving an increased demand for global leaders who have acquired new competencies that would enable them to react, respond and lead successfully (Marquardt Berger, 2000). The main aim of this literature review is to illustrate the major leadership challenges faced by global leaders in leading todays multicultural organizations, teams and groups. We also suggest ways on how to overcome such challenges based on our review of relevant literature. But first, for theShow MoreRelatedEssay on Diversification within American Organizations5630 Words   |  23 Pages Diversification within American Organizations The United States has the most diverse and multicultural population ever known to man. 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