Leadership in the Digital Era

Abstract

There are many signs indicating that something new has happened in the global economy during the last two decades. While the surge in labour and total factor productivity growth rates at the end of the twentieth century was notable and widely interpreted as a sign of a ‘New Economy,’ it remains to be seen whether it was a fleeting phenomenon or the beginning of a new trend. But there are other indicators that are less cyclical in nature and appear more likely to persist. Like the digitization of information, the Internet, big data, and general-purpose technology that is giving rise to a vast new array of possible combinations. The level of connectivity between different players is increasing dramatically. Interpreted in this way, the New or Digital Economy is about dynamics, not static efficiency. It is more about new activities and products than about higher productivity. What is really new in this economy is the proliferation of the use of the Internet, a new level and form of connectivity among multiple heterogeneous ideas and players, giving rise to a vast new range of grouping and outcomes. In this scenario, what becomes crucial is leadership. Hence, adopting a literature review method, this paper attempts to enhance the understanding of leadership in the digital era and provides some insights on how to transition from traditional leadership to digital leadership.

Keywords: Applications, Big-Data, Culture, Digital, Education, E-Commerce, Learning, Organizations, Value

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