New Economy Leadership

Paper Summary:

Discusses shift in the new economy from capital intensive industries to information intensive industries. Need for shift in focus and emphasis on organizational leaders. Why top-down leadership is outdated, and should be augmented with bottom-up and peer-to-peer or horizontal leadership. Cites critical steps in making leadership development strategies.

From the Paper:

"New Economy Leadership

Today, organizational leaders are confronting a new set of management challenges which are the direct result of globalization of markets, the rapid diffusion of information and communication technologies, and the transformation which has shaped a new economy that is knowledge-based and service-oriented (Dess & Picken, 2000). In the new economy, the organizational focus has shifted from capital intensive industries such as steel and automobiles to information intensive industries such as information services, financial services, and logistics.

This transformation of what organizations do is necessitating a shift in focus and emphasis for organizational leaders. Dess and Picken (2000) point out that the traditional ..."

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