Globalization Demands Responsible Leadership to Safeguard Stakeholders and Secure Corporate Legitimacy
Managers and leaders in companies face new challenges in a globalized world, needing to balance economic pressures with motivating and guiding employees from diverse backgrounds. They must also consider the broader societal impacts of their decisions to meet the expectations of various stakeholders. Responsible leadership involves engaging with relevant groups to find consensus-based solutions, which can enhance the company's legitimacy and build trust with stakeholders. This approach can help multinational companies navigate the complexities of global business environments.