Leadership Skills Required For A Large Multi-Department Organisation Essay - 4

Leadership Skills Required For A Large Multi-Department Organisation - Essay Example To analyze the leadership response to trends and tensions, the paper looks at transformational and transactional leadership, and the leadership qualities needed to overcome changes trends and tensions. The skills to be analyzed will emphasize on building effective LMX, and becoming a transformational leader. The conclusion provides a logical summary of the contemporary leadership skills required for a transformational leader in a large multi-department organization. According to Halinen and Tornroos, the current business world has changed significantly compared to a decade or so ago. Furthermore, the aspect of new economy and globalization introduces continuous change, and this might indicate that organizations need to regularly monitor their strategies to incorporate change. Heller highlights that the new economy requires restructuring and reorganization of a former economy of primary extraction of resource and transformation of the industry. Leading within the environmental context characterized by globalization and a new economy, Brooks, reveals that leaders are expected to be swift in identifying resulting global and local tensions to avoid accepting a traditional isolationist status quo expecting success. Additionally, leaders must learn to balance their responsibilities within a global society with national and global interests. In this case, multi-department leaders are expected to simultaneously make long-term investments while continuously achieving short-term results. According to Phelps & Wood, global interests come with the integration of global economy which involves orchestration of business processes from above by an emergent transnational class which neglects autonomous involvements by sub-national opinionated coalitions reconciling between local and global welfare.