New Horizons in Management series
Edited by Mitchell G. Rothstein and Ronald J. Burke
Paula Caligiuri and Ruchi Sinha Developing one’s own career is important in today’s labor market where the guarantee of lifetime employment with a single organization is obsolete. As individuals manage their careers, they become personally responsible for identifying their strengths and developmental needs for the target area profession. In our interconnected world, many individuals would like to expand their positions to include global leadership roles. For some, their organizations provide the training and development. However, for many others, this development for global leadership competencies needs to be self-initiated. The backdrop for developing one’s global leadership competencies is the global economy. Today’s global economy has created a more complex and dynamic environment in which most firms compete effectively to achieve sustainable growth. With the inception of internet-based business, cross-border trade agreements, the ease of international travel and the like, domestic firms with solely domestic operations serving exclusively domestic client bases are becoming increasingly more difficult to find. Firms, both large and small, have increased the number of their foreign suppliers, partners, employees, shareholders and customers. Relevant for global leaders (or those who wish to become global leaders), this global environment has not only changed the competitive landscape of business, it has also changed the way in which people must conduct business and the competencies they need to compete successfully. Clearly globalization and this new business reality have also created a demand for global business leaders who can operate successfully across borders and in multicultural situations. Global leaders, defined as executives who...
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