by Mostafa Sayyadi
The business environment is constantly changing as organizations are increasingly participating in global markets. Hyper competition has become the norm. Knowledge is also a crucial part of hypercompetitive environments. Organizations can design, copy, or update products and services easier with more adaptability then ever today. Organizations compete globally but must think locally if they expect to exceed. These new and improved globalized markets place demands on the roles of leaders in organizations operating in this modern environment.
The emergence of global business environments drives companies to become world-class. There are many studies that focus on the organizational and managerial factors that drive organizational competitiveness. Leadership is one such area that plays a critical role and is a strategic prerequisite for business success in today's knowledge-based economy. Effective leadership builds knowledge-based organizations and can implement innovations timely as they operate and compete in global markets.
