According to Klaus Schwab and the research carried out on Ethical Leadership by
ID: 415464 • Letter: A
Question
According to Klaus Schwab and the research carried out on Ethical Leadership by the World Economic Forum, there are 5 main challenges that this leader must face
The 4th Industrial Revolution
Global and inclusive governance
Economic growth
Inequality
Crisis of identity
What should Responsible Leadership do in each of these 5 dimensions?
As part of this question, try to answer to the following question: who would be these ethical leaders: one person, many people, representatives from National States, representatives from International Organizations, members of the civil society, the media, businesses, social organizations, NGOs… other actors? Which would be the role of these actors before the five mentioned challenges?
Explanation / Answer
2.
There is, however, no universally accepted definition of good governance, nor any globally agreed mechanism that sits in judgement on whether governance is "good" or "bad". There is no school that churns out effective national leaders. When the buck stops with them, Heads of Government must learn the hard way what they have not already learned in their political careers. This includes accepting good advice and rejecting bad counsel and taking difficult decisions in the national interest. Good governance is participatory, consensus oriented, accountable, transparent, responsive, effective and efficient, equitable and inclusive, and follows the rule of law. Furthermore, it seeks to ensure that corruption is minimized, the views of minorities are taken into account and that the voices of the most vulnerable in society are heard in decision-making. It is also responsive both to the present and future needs of society.
3. Economic growth- we require leadership to advance improvement through a comprehensive way to deal with globalization. We call upon real economies, creating nations, universal organizations and other worldwide performing artists to cooperate with us to distinguish and actualize group and individual reactions and deliver solid outcomes in the battle against destitution. Pioneers must be responsive and capable; they should comprehend that we are living in a world set apart by vulnerability, instability and profound transformational changes. Numerous individuals are living in dubious circumstances and hunting down character and significance in a quick evolving world. They need to recover their feeling of reason. Like never before, leadership implies taking responsibilities. It requires bravery and sense of duty regarding tune in and sincerely clarify the broadness and unpredictability of issues, to proactively produce arrangements and to make a move in light of esteems. Pioneers should direly revitalize worldwide financial development, accomplishing higher and more supportable development rates. More grounded financial advancement, joined by enhanced salary and riches dissemination, is totally important to decrease the present inadmissible levels of social avoidance and joblessness, especially among youth. With the worldwide populace developing significantly and generation winding up more robotized, more grounded and all the more comprehensively based monetary advancement is vital to keeping away from a social breakdown with all its critical results –, for example, automatic movement. 4. Inequality- while most voters do not know their elected representatives, affluent, well-connected, organized lobbies and other groups always do. Responsible leaders should level the playing field by taking their decisions only after having listened to and understood all affected interests. To do so, leaders must go beyond formal equality and proactively support the representation of all interests in the policy process. 5.Crisis of identity- leaders will need to address the pervasive crisis in identity formation that has resulted from the erosion of traditional norms over the past two decades.