Resource Summary

In today’s interconnected world, leaders face new challenges and opportunities, and must possess different skills and competencies than were previously expected, such as comfort dealing with ambiguity and complexity, and the ability to work across cultural and linguistic differences. Globalization and advances in technology enable capital, goods, information, and people to easily move across borders. Simultaneously, global demographic changes and rapid urbanization in developing countries are causing a shift toward emerging markets. This increasing interconnectedness, and the opportunities for global cooperation and competition they present, accelerate the pace of innovation and require new business models and leadership styles. The ability to understand and navigate these changing global dynamics and the business, linguistic, and cultural landscape of developing markets is becoming increasingly important to success in international business.