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The Aspects of Leadership Development in the Digital Economy

The Aspects of Leadership Development in the Digital Economy
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Author(s): Lavinia Essen (University of Lapland, Finland)
Copyright: 2020
Pages: 12
Source title: Improving Business Performance Through Innovation in the Digital Economy
Source Author(s)/Editor(s): Ionica Oncioiu (Titu Maiorescu University, Romania)
DOI: 10.4018/978-1-7998-1005-6.ch010

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Abstract

The economic environment of the Digital Age, characterized by the acceleration of technology innovation, fierce competition in gaining competitive advantage, increasing consumer expectations, and emerging market pressure, leads leadership to adapt Vision and Entity Strategy to new performance standards. Thereby, Leadership is the key active force that motivates and coordinates an organization to accomplish its objectives. A leader creates a vision for the others and then directs them towards achieving that vision. To be a leader, you must have followers who have confidence in you and who give you their support and commitment to a goal. The objective of this chapter is to demonstrate the role of contemporary leader in the digital economy.

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