The single greatest advantage that modern businesses have over those in past decades is the availability and ease of communication. In previous years, it was incredibly expensive to conduct international business. Before telephones and email became widespread, this was nearly impossible in fact. Individuals had to actually board planes and fly thousands of miles just to have a few meetings with their offices in other countries. They had to wait days or even weeks for mail to come through. But now, people are connected nearly immediately, regardless of time and space. Technology and the globalization movement that is has created has made business grow at an exponential rate over the last twenty years.
For Dr. Maurice Antoine Roussety (on AuthorStream here) this globalization of the world’s economy is something that he has focused on as both an entrepreneur and an academic. As a financial and marketing expert, expert in franchising, and researcher in the field of business, he has spent years studying how the current market is shifting as a response to these advances. He has a Masters of Business Administration as well as a Masters of Leadership from the University of New England in New South Wales. He also holds a Ph.D. in Intellectual Property and Franchise-Business Valuation from Griffith University in Queensland. This background in academia helped him write his thesis paper, “An Integrated Economic Model for the Evaluation of Franchise Systems – A Synthesis of Agency and Finance Theories.”
When it comes to professional leadership—or any other type of leadership for that matter—the key is to strike a balance in your relationships with the people you are leading. Having a closer personal connection to your subordinates helps to build trust, allows you to recognize strengths and weaknesses, and makes people more willing to work for you. At the same time, a leader needs to be separate from their colleagues. They often have to ask them to do unpleasant things; they need to be hard on them; they have to push for more results and more efficient workflow. In short, a leader is often the person who can most easily strike this balance and motivate their colleagues to better themselves through compassion and positive reinforcement.
For Dr. Maurice Antoine Roussety, redefining leadership in a global environment is something that he believes all leaders in their industry should be thinking about. The global market exploded with the introduction of the internet and other rapid forms of communication. Now, however, the world of business will start to shrink because of the ease that professionals have in creating new businesses.