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A Call for Globally Minded Leaders

In: Business and Management

Submitted By Bling123
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A Call for Globally Minded Leaders
Introduction
Globalization is a reality, with increasing emphasis on evolving markets for growth, organizations are faced with enormous challenges of identifying leaders to manage both domestic diversity and run global organizations. An inherent consequence of globalization is an increasingly diverse workforce, bringing with it a multifarious social environment within an organization effecting operations. In addition, an influx of nations engaging in the global marketplace place new social and behavioral demands on leadership. The global environment is very complex, it is far from adequate to simply learn the language or “tap a rising star from the home office to capitalize on an overseas opportunity” (Cabrera & Unruh, 2012, p.3), new strategies are needed for grooming leaders with a global mindset to successfully navigate these multifaceted complexities. Globalization is demanding new leadership competencies. This paper discusses the urgent need for globally savvy leaders and the leadership characteristics associated adopting a global mindset; psychological capital, intellectual capital, and social capital (Cabrera & Unruh, 2012).
Urgent Need for Global Minded Leadership
Innovations in transportation and technology have enabled an increasing number of countries to enter the world marketplace, creating a diverse and complex global environment (Chin & Gaynier, 2006; Adler, 2008). “This new environment affords challenges and expanded opportunities, while heralding change, competitive pressures, complexities, and confusion” (Fishman, 2005; Friedman, 2005), indeed it has become apparent that many leaders lack the required global skills necessary to address these changes (Chin & Gaynier, 2006, Cabrera & Unruh, 2012). Within this phenomenon, each nation brings their own cultural norms to the marketplace;…...

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