Managers' Responses to the Challenges of Globalization Within the Context of Global Political Economy

Abstract

The new international system, that occurs in the last twenty years of twentieth century as a result of world wars and cold war, is tried to be explained by scholars and economists under a new discipline called global political economy. The interaction and interdependence between economy and policy, globalization and the rise of multinational corporations cause a shift in the international system. International managers appear as the core actors in the sense that actions to be taken by them have strategic importance for organization's global performance and sustainability. Globalization put multiple demands on international managers in terms of various issues such as changing nature of the work itself, glocalization, importance of ethics, environmental considerations and cultural diversity. It is suggested that international managers' leadership behaviors have strategic importance to cope with globalization and its challenges. Within this context, transformational, ethical and authentic leadership styles will be discussed.