It is important to have leadership benefits to improve the productivity and ability for succeeding the pressure. For the development of firms, it is required to increase the emotional intelligence and grow the confidence of the team working in different firms. Organizational structures determine the information to flow between the levels in the company. Organizational structure provides guidance to the employees through creating the hierarchical structure. It also enables the structure flow of developing and information goals and objectives for the organization (Iqbal, 2011).
The key development in the global environment of the business during coming 5 years includes competitive intelligence, which is an important approach for identifying the future and current competitors which identifies the respond of firm. The development of cloud-based computing and Big Data. The upcoming generation is of smartphones and mobile technologies in the business. The developments have greater challenges for big companies in industrial countries (Agbim, 2013).
References
Agbim, K. C. (2013). The Impact of Organizational Structure and Leadership Styles on Innovation. IOSR Journal of Business and Management, 6(6).
Iqbal, D. A. (2011). Creativity and innovation in Saudi Arabia: An overview. Innovation: Management, Policy & Practice, 13(3), 376-390.
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