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Volume : II, Issue : VI, July - 2012 "The Challenge Of Strategic Management In Global Competition" Madhavi Sadashiv Patgaonkar Published By : Laxmi Book Publication Abstract : The role of strategic leadership in the 21st century's global economy is complex,
challenging, and filled with competitive opportunities and threats. Globalization
continues to affect organizations at different levels. Strategic leaders in organizations
require a more diverse range of quality to effectively tackle emerging global challenges
such as free flow of capital and labor, changing technologies and cultural dynamics.
Further, global effects are not confined to global organizations. When strategic
leadership processes are difficult for competitors to understand and, hence, to imitate,
the firm has created a competitive advantage.
This study integrates essential strategic leader characteristics necessary to effectively
manage globalization and steer the organization towards better strategic focus with
respect to environmental confusion. Keywords : Article : Cite This Article : Madhavi Sadashiv Patgaonkar, (2012). "The Challenge Of Strategic Management In Global Competition". Indian Streams Research Journal, Vol. II, Issue. VI, http://oldisrj.lbp.world/UploadedData/1145.pdf References : - Schuler, R. S. 1992. Strategic Human Resource Management: Linking people with the needs of the business.
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