Business leadership is becoming more difficult in the twenty-first century, according to some. Leaders like Mike McGahan Ottawa deal with many problems, both within their organization and in the immediate area. The world is experiencing difficult political and economic issues. This is true both for the United States as well as for both developed and emerging countries.
Globalization. Globalization is paying off. Thanks to the World Wide Web, our world is more interconnected than ever. This interconnectedness can be seen in recent events like the tsunami that struck Japan. People across the globe watched the powerful tsunami sweep through Japan from their homes. This interconnectedness means that leaders have more information and can make business decisions more informed.
Productivity. Technology has made it more difficult for leaders to manage information overload and productivity. Around the globe, employees check their Facebook accounts at all hours of the day. This causes wasted time, which could have been used for business-related growth.
Outsourcing. Outsourcing is becoming more popular among companies and organizations looking for ways to save money and reduce operational costs. American and European companies are increasingly outsourcing to India, the Philippines, and other Latin American nations. This saves money on salaries. Employers can save billions of money by using the English skills of Filipinos or Indians’ IT skills. They also get great service.
Entrepreneurship. Entrepreneurship is on the rise in many parts of this world. Leaders should learn how to be entrepreneurs and solve problems with their creativity. Innovation is becoming a vital part of business operations around the globe. Leaders must have the ability to understand their business operations and to solve problems that help them grow their company.
Market expansion. Organizations should be looking for new customers or markets to expand their operations, no matter if they are located in their own country. Japanese corporations are looking to expand their operations in Southeast Asia, for example. This will allow them access to the resources and talents of these countries for growth and expansion.
The twenty-first Century is full of opportunities and problems for organizations. This will require business savvy, creativity and problem solving to allow business leaders to enable their organizations to grow.