As in all things, the future promises an array of new ways and new understanding in the practice of leadership and leadership development. These are critical role-changing contexts which will play an important part in leadership development.
Several trends will assume major roles in the days to come, changing perspectives and changing premises of old assumptions and general thinking.
First, leadership competencies (requirements) will still matter. However, they will change as the competitive environment changes.
A study indicates five critical forces will shape leadership in the future: 1) global competition, 2) information technology, 3) the need for rapid and flexible groups, 4) teams, and 5) differing employee needs.
Future leaders will have to be familiar and fluid in doing business on a global basis. Globalization, in effect, will require leaders to deal with more and more complex groups outside the realm of their organizations.
There will be more components involving international markets, global economic trends, and outside regions like the Asia Pacific rim, the Southern Hemisphere, etc. There will be an extensive use of the internet in the marketing of products and services.
The revolution in technology has drastically altered organizational life. It has changed the ways information and knowledge are obtained and spread.
One of the most important changes is in the way people communicate. This had produced some deep implications in terms of effective leadership. In the future, technology will have a vast participation in leadership development.