Transformative Leadership in Global Markets and Emerging Business Ecosystems

Abstract

Emerging business ecosystems and global markets are tough to navigate with conventional models of business leadership. Digital platforms, changing climates, and shifting geopolitics require leadership that looks beyond the incremental, is control-oriented, and focuses on short-term profits. Transformative leadership has emerged and is adaptive and values driven. It shifts focus to the mobilization of people, to the reconfiguration of adaptive systems, and the re-imagining of strategic purpose. Transformative leadership is different from transactional leadership, which is focused on goals and objectives and includes compliance, a reward system, and, while this may sound positive, it is not. Transformative leadership is visionary, inspiring, fosters intellect, and, most importantly, includes consideration of the individuals and the system. Transformative leadership fosters the system of resilience and innovation and creates ownership in the people.