The Role Of Leadership In The 21st Century

Name: DO Phuong Anh

Student ID: 12413097

Accounting I

Prof. Pardo Phillip Dean

BONUS ESSAYS

Reading topic: Leadership in 21st century

In the 21st century, it is undeniable that leadership play a vital role in not only the development but also the survival of an organization. However, it is a huge challenge to manage the leadership well in the globalized and fascinated changing age now, even for the leaders of largest organizations in the world. They also sometimes feel overwhelmed and admitted that they have to struggle a lot to adapt and grow up their organizations every day. However, from the point of view of most successful leaderships such as Josef Ackermann of Deutsche Bank, Carlos Ghosn from Nissan and Renault, Isarel President Shimon

In terms of Deutsche Bank, Josef Ackermann supposed it has become much more complex to manage risk in banks because the financial market are turning into political market. Therefore, the leaders have to have the skills and understandings of political and social risks as well and what we learn at university is not enough to manage the risk efficiently. For Carlos Ghosn, there are two kinds of crisis, coming from internal and external. The internal crisis comes from the bad management, and the external ones are unpredictable factors like disasters or collapsing like Lehman Brothers. Nowadays, due to the fast moves of technology, the world turned into more infringe and the chance of external crisis will be higher and unexpected. Consequently, it is important for leaders to know how to adapt to the sudden changes and be prepared more than what business school do for them. The main themes emerged from conversation with Ellen Kullman and Shimon Peres is related to sciences. They all dignify the ideas more than the materials. The greatest examples are Google, Facebook or Apple which is the products created by the individuals` ideas. In general, most of viewpoints indicates that being adaptable to the changing society is very important in

As Moya Greene said, ensuring good internal communication and no negativism between her own people is an important part in her work. It helped the whole work run smooth and it is the key point making her company`s brand. Moreover, making decision under uncertainty is the vital factor to lead an organization. From the stories of Carlos Ghosn, Moya Greene, Daniel Vasella, Josef Ackermann, they all started from the zero or big issues when they came to the leading position of the company. However, they calmly considered the problems to know what the customers need from them and what they need to do to satisfy their