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As in most things, the future promises a wide array of new methods and technology in the practice of leadership development. These are critical role-changing contexts which will play an important part in leadership development. Several trends will become increasingly prominent in the near future, altering our outlook and perspective of leadership training. These rapidly occurring changes may require future human resources professionals to obtain a masters in organizational leadership. Following are several important trends. Leadership competencies First, leadership competencies or requirements will still be significant. However, this will be altered as the competitive landscape changes. A large study identified five crucial factors that will effect leadership in the future including, economic globalization, understanding of various cultural norms in different parts of the world, information technology, the need for rapid and flexible groups, and varying employee needs based on culture. Globalization Future leaders will have to be familiar and fluid in doing business on a global basis. Globalization, will force leaders to cope with different and more complex groups outside of their organization and nation. There will be additional components involving global markets, global economic trends, and a concentration on fast growing regions of the world like the Asia Pacific rim. There will be an extensive use of internet video technology in marketing products and services. In addition there will be a need for heightened awareness of currency markets and exchange rates and trends related to them. The effects of globalization cannot be overemphasized as a result this phenomenon is fully analyzed when you study for a masters degree organizational leadership. Technology The revolution in technology has drastically altered organizational life. It has changed the ways information and knowledge are obtained and disseminated. One of the most important changes is in the methods of communication that are utilized. This has crucial implications in terms of effective leadership. In the future, technology will have a vast participation in leadership development. The use of Skype, across the globe, as a video conferencing tool renders global communication, cost effective and widely available. Leaders will have to be increasingly knowledgeable and flexible in the use of technology and rapidly adapt to technological changes. Character and integrity The decade of the 1990's particularly the late 1990's produced some of the most egregious corporate scandals of the twentieth century. The resulting response has included increased oversight and control of corporate officers. There is a trend among the new generation of CEOs to be self-effacing and modest. This is in direct contrast to the self-promoting styles of well-known business leaders before them who did not have enduring positive impacts on their companies after they exited. Return on investment The strongest pressure of leadership practitioners in the future will be to demonstrate return on investment for leadership training. This is extremely difficult to measure. Development of leaders is of strategic import, but it is also very costly. Numerous organizations have been trying to quantify the benefits of leadership training with varying results. As we progress, it will be likely that leadership development investments will be a high priority for many businesses. However, there are plans in the works to maximize the return of investment related to leadership development by utilizing effective planning and evaluation. Recently , the thinking has evolved so that leadership development is considered to be inherently collaborative in nature, involving social and relational processes. It is understood as the collective capacity of all members of the organization. This type of leadership development is much harder to design and implement. This is because it is in direct contrast to the popular notion of past decades where the focus was to train individual leaders. To learn more about a: masters in organizational leadership Visit us to learn more about developing your leadership potential: masters degree organizational leadership
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