Changes in the world of work are imposing new challenges on leaders, the most significant of which are:
Innovation: the challenge is to create an innovative and entreprenurial culture that meets ever-increasing customer needs.
Talent management: this involves not only attracting exceptional individuals, but also developing and retaining them.
Communication: the 21st Century knowledge economy poses both threats and opportunities for leaders. Companies must harness the communication opportunities of the Internet and social media in particular, in order to innovate, differentiate and encourage positive customer interaction.
Globalization: in an expanding business world, organizations and their leaders have to appreciate the challenges it poses. Cultural norms can impact on leader--follower relations due to the behavior and expectations of both parties.
Source: Alan Cutler: Leadership Psychology: How the Best Leaders Inspire Their People
Can't Get Enough Leadership: Self-Coaching Secrets
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