Globalization saw the birth of many multinational organizations. This further increased the need for effective leaders for the survival of these organizations. The technological development further heightened the need for effective leaders to vanguard the organization to success. These multinational corporations are continuously in the expanding phase.
They want to build and expand their empire across the globe. So it requires a 360- degree view to completely understand what qualities should a successful leader possess. It is not enough if the leader has a knowledge in local markets. He has to have a comprehensive and not a sweeping knowledge to fine tune the performance according to the newest trends in the global market.