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Kristiina Mäkelä, Jakob Lauring, Christina L. Butler, Hyun-Jung Lee, Gundula Lücke, Christof Miska, Cecilia Pahlberg and Günter K. Stahl

In this chapter we suggest that globalization of businesses brings with it three new challenges that teams need to face. These include an increase in the number of internal and external stakeholders to manage; the need to interact across more and different types of boundaries; and an increasing necessity to integrate local responsiveness and global coordination. We focus on how these new globalization challenges impact teams in general and team leadership in particular, and how team leaders can make a difference by developing specific capabilities to address them.