discussion

What items do you find to be compelling and enlightening in discussion below? What would you do different if any?

The global factors that influence the development and success of a strategic leadership approach are the ability to build short- and long-term plans, create an action plan, setting goals, and achieve them. Leaders should be flexible and competitive in global markets. They should be able to make the right decision, especially in the volatile market and global challenges. Study the market environments and determine what business to conduct in what region. Strategic leaders understand that the global market is unpredictable and though to anticipate, they know how to set attainable parameters and objectives for the organization to distinguish themselves among the competition. Strategic leaders should be able to consider technology, innovation, ethics, and cultural element in the global market. Competition is another factor to consider, leaders should create a plan to survive the market complexion and provide customers with high-quality products with reasonable prices to open more opportunities. Global strategic leaders are the ones that can identify potential risks and create mitigation strategies (HandaGupta, 2012). Identify threats and forecast strategic solutions, determine global opportunities the company face to stay competitive. Explore constant changes, hire diverse sources. Deal with the complexity of expansion, study growing trends. Leaders should be conscious about the company policies, the global regulations and should be flexible.

Culture and legal environment are the two critical factors that I consider particularly crucial to strategic leadership approaches in global organizations because they influence the company's overall performance. Sensitivities to a foreign culture are what help strategic leaders learn and adjust their business to the local culture also developing knowledge about the legal policies and guidelines of a given culture facilitate the business operations and help conduct business globally and invade more international markets (Wolfeld, 2016). Legal and Political environment can determine customers' demands and help understand global customers references. International businesses focus on clients as the main element of global companies; therefore, product quality and price are also essential elements to invade the global market.