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Introduction

Global financial crisis: future challenges for strategic leadership, deans and business schools

Published online by Cambridge University Press:  28 April 2011

Fernando Fragueiro
Affiliation:
IAE Business School
Howard Thomas
Affiliation:
Singapore Management University
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Summary

GLOBALISATION AND THE GLOBAL CRISIS

The world has been changing dramatically over the past two and a half decades, and this dynamic is only becoming more profound and faster. The global financial and economic crisis has marked the end of a stage in globalisation characterised by a thrust towards worldwide integration primarily on the basis of technical and scientific phenomena – breakthrough information and communication technologies as well as the emergence of biosciences, to name just a few. Part of the foundations for the ‘global village’ announced by pioneers in the 1980s has already been built. The current landscape is far from perfect, though, and we still have a long way to go if we want this to be a time of development and progress for all humankind.

The revolution in the twenty-first century hinges on essentially ‘technical’ drivers, and society has adjusted its organisation, customs and habits mostly in a reactive way, which has had the effect of bringing about – along with unimaginable advancement opportunities – significant social challenges and dilemmas. Only a handful of institutions have managed to redesign themselves, while not nearly enough new organisations have been created to address the issues stemming from this new scenario, with its local–global tensions in social life.

Type
Chapter
Information
Strategic Leadership in the Business School
Keeping One Step Ahead
, pp. 1 - 12
Publisher: Cambridge University Press
Print publication year: 2011

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  • Introduction
  • Fernando Fragueiro, Howard Thomas, Singapore Management University
  • Book: Strategic Leadership in the Business School
  • Online publication: 28 April 2011
  • Chapter DOI: https://doi.org/10.1017/CBO9780511921087.002
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  • Introduction
  • Fernando Fragueiro, Howard Thomas, Singapore Management University
  • Book: Strategic Leadership in the Business School
  • Online publication: 28 April 2011
  • Chapter DOI: https://doi.org/10.1017/CBO9780511921087.002
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Introduction
  • Fernando Fragueiro, Howard Thomas, Singapore Management University
  • Book: Strategic Leadership in the Business School
  • Online publication: 28 April 2011
  • Chapter DOI: https://doi.org/10.1017/CBO9780511921087.002
Available formats
×