Explain the Necessity of Global Leadership Development and Describe the Elements

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The Answer is Multinational organizations focus on developing employees who can manage people and operations in diverse environments. Competencies needed for global leadership are more complex than those focused on only one country. In addition to core leadership skills such as future orientation, empathy and concern for others, ethics and integrity, and team development, the global leader must also be able to work across cultures and contexts. Managers operating in a global setting need to manage paradoxes, appreciate the unique attributes of each context, and communicate effectively across time and geography.
A series of studies on global leadership, commonly known as the GLOBE studies, resulted in the identification of leadership profiles for various societies or cultures. Different leadership styles may be required to successfully lead organizations in various countries. Leaders who recognize and value diverse cultures will be more effective than those who view the world from only one perspective. Consulting company I4cp recommends incorporating the following elements into a global development plan:
Make global cultural fluency an organization-wide priority.
Tap into the best minds inside and outside of the organization to share knowledge and stories.
Offer a diverse slate of hard and soft skills development.
Leverage strategic workforce planning to determine skills gaps and to identify candidates for succession plans from the global workforce.
Leadership development programs for diversified MNEs should include participants from both developed and emerging economies. Managers from developed countries can learn firsthand about distinct cultural attributes from representatives working in less-developed countries. Likewise, those from emerging economies can interact with participants from developed nations and learn about the organization's sophisticated practices. Such cross-fertilization increases knowledge sharing and speeds up the development of all participants.

Explain the Necessity of Global Leadership Development and Describe the Elements

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Explain the Necessity of Global Leadership Development and Describe the Elements

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Correct Answer:
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