Changing roles and responsibilities of Corporate Leaders in India: A study with reference to selected organizations in the combined state of Andhra Pradesh

Abstract

The era of globalization has made the business environment increasingly challenging and unstable. In India, this era started with the introduction of the New Economic Policy (NEP) in 1991 . It is worth noting that India holds a prominen t place among the new emergent economies and as such the forces of globalization had a definitive impact on firm practices. Some of the major challenges facing the emerging economies of today are globalization, changes in customer expectations, changing structures of revenues and costs, a greater concern for organizational changes, innovations in the technological arena, attracting, developing, and retaining skillful and knowledgeable human resource capital, and ensuring the sustainability of long term changes. The environmental changes require greater levels of managerial effectiveness in order to keep organizations competent on the face of such swift changes. It is important to investigate the managerial behavior within an organizational framework. Backs up this point of view wherein it was mentioned that with the worldwide growth in trade and commerce, it is necessary to study such behavioral aspects, especially, the roles and responsibilities of corporate leaders. This context of growth in trade and commerce provides unique challenges to leadership development in India. These challenges require efficient and effective leadership to sync with the pace and to build the capabilities needed to drive the growth. Hence, it is imminent and imperative to diagnose the traits, roles and responsibilities of corporate leaders.