3.Increasing Emphasis On Empathetic Leadership. Passionate about work and willing to stay for longer hours, 6. Apple’s settlement with consumers cost the company a fortune—close to $100 million. The employee is willing to go that extra mile to improve his career prospects. Companies such as BPL, Wipro, Carrier Aircon, Maruti, Thermax, Bata, Philips, Titan, etc., trumpet their steadfast devotion to quality in their advertisements. Training opportunities, profit sharing plans, extra bonuses, two way communications, flexible work arrangements are all part of that strategy. These children spend time on video games, TV and the Internet – with damaging impacts on their psychological growth and development. Use of the Internet to transact business has become so common-place for both large and small companies that e-commerce is rapidly becoming the organizational challenge of the new millennium. This is where managers could play a major role that of aligning business strategy with operational dynamics. The increasing responsibilities on the personal front with age can also create stress on personal and professional fronts. Emphasize that all employees without exception are eligible to use training and development-oriented facilities (training). McDonald’s sells hamburgers in China. (‘What it means to be a Strategic HR leader in the 21st Century”, SHRM Foundation, 2003). According to a study by the Federation of Indian Chambers of Commerce and Industry (FICCI, 2008), a shocking 81 per cent of all reserved seats in technical institutes such as ITIs remain vacant, while 88 per cent of all reserved seats in IITs remain vacant. iii. Leader Member Exchange Theory (LMX): Formally, the leader member exchange theory was called the “Vertical dyad linkage theory”. A time will come when they lose emotional balance, get irritated over petty issues, indulge in verbal abuse and when stress begins to work on their nerves they begin to destroy their personal lives through excessive smoking, drinking and gambling. Divide between the Young and the Old: Young Employees: 1. SHAREHOLDER CHALLENGING ISSUES. To compete with global players, firms have realized the importance of remaining lean, fit and flexible. The leaders of these companies understood the essential leadership strategies required of the emerging new Age – the Information Age. EMERGING ISSUES IN LEADERSHIP @inproceedings{Aziri2016EMERGINGII, title={EMERGING ISSUES IN LEADERSHIP}, author={Brikend Aziri and Arber Sulejmani and Jeton Mazllami}, year={2016} } A. To work effectively with people from different cultures, managers need to pay attention to the needs of expatriates and third country nationals—how their culture, geography and religion have shaped them and how to adapt management style in sync with requirement. The winners are going to be companies that move closer and connect well with customers. Content Guidelines 2. These are the people who will lead the organisation to future success, and you can’t afford to lose them. The second trend is that more employees are seeking leadership development, yet in some organizations, there is a reduced level of commitment in developing their leadership resources. Monica is fluent in English, Spanish, and Italian and has a working knowledge of French. vi. In a border-less world, success in business increasingly depends upon offering products and services that are competitive on a world basis, not just on a local basis. INVESTOR CONFIDENCE AND GLOBAL FINANCIAL MARKETS. 3. Global corporation now-a-days are serious about quality issues. Challenging work, company’s culture and environment, relations with co-workers and leadership roles are some of the important things that are closer to their hearts than perquisites, benefits and bonuses. ii. Speed is no longer another objective of modern organisations. These workers need support, help and assistance from the government like their counterparts in the developed world—to lead a dignified life. The strategic potential of people, therefore, must be utilized thoroughly in order to deliver extraordinary results. Monica partners with her clients to support them addressing the leadership and systemic side of their business challenges. The 50-70-hour work weeks have become common these days. Managers encounter a number of challenges while managing a multi-cultural organization, as explained below: Diverse groups, typically, are less cohesive than homogeneous groups. 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