Empowering (lie f uture leaders against tomorrow's challenge

Abstract

The world is rapidly evolving - culturally, economically, socially, ecologically, scientifically and demographically. The paper is devoted to leadership in the 21vl century and beyond. Widespread disruption in business models and labor markets are predicted due to the fourth Industrial Revolution, which includes developments in artificial intelligence and machine-learning, robotics, nanotechnology, 3-D printing, genetics and biotechnology. Organizations also face globalization, deregulation, e-business, telecommunications and virtual teams' dynamics. There is therefore an enormous change in the skill sets needed to thrive in the new landscape. Leaders will need to develop a paradigm shift that favors adaptability, empowerment, collaboration, diversity, team work and open-mindedness. As technology races ahead, leaders will need to foster a culture that embraces c technology while also emphasizing development of creative and social skills to counteract loss of jobs due to ever-increasing computerization. Future leaders must move beyond managing to leading change, while practicing the concept of personal leadership which includes taking responsibility and measuring their impact continually