Leadership Development Plan Essay

Leadership Development Plan There is always a very strong relationship between leadership and organizational performance of an organization. Organizations are therefore on a continuous process to equip their leaders with the relevant skills to tackle the ever changing trends in the business world today. Being aware of the major international trends in business helps leaders to take advantageof the ones that will favor a company when it comes to the global markets. These markets evolverapidly and hence they encourage competition of other companies worldwide. This is donethrough the introduction of programs that are geared towards the transformation of their leadersin order to yield maximum profits. The most common global trends in business today areglobalization and technology (Sowcik, Andenoro, McNutt & Murphy (2015).GlobalizationGlobalization is the act of developing an integrated system in the global economy that ischaracterized by free trade, free flow of capital as well as the tapping of businesses into cheapermarkets internationally. Leaders should therefore be conversant with these trends in order to tapinto the international trends and be part of it. The globalization aspect is important in a businessin many ways that include but not limited to free trade, free labor movement, expandedeconomies of scale, greater competition, and expanded investment Free trade Free trade enables countries to exchange good amongst themselves. Businesses as wellthrough proper leadership strategies are able to specialize in the production of goods and servicesat lower opportunity costs. It is very important that business leaders can identify these

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