Briefly describe the impact of e-business on leadership

What will be an ideal response?

Technology is becoming increasingly pervasive in its ability to influence the global leader's role and environment. Individual managers are realizing that the Internet is changing their leadership styles and interactions with employees, as well as their strategic leadership within their organizations.
They have to adapt to the hyperspeed environment of e-business, as well as to the need for visionary leadership in a whole new set of competitive industry dynamics.
Leaders in e-businesses see themselves as sprinters, and they view their contemporaries, in traditional business settings, as long-distance runners. They frequently use the term "Internet time," which is a reference to a rapidly speeded-up working environment.
In addition to speed, leaders in e-businesses need to be highly flexible. They have to be able to roll with the ups and downs. They must be able to redirect their group or organization when they find that something doesn't work. They have to encourage experimentation.
Although visionary leadership is important in every organization, in a hyperspeed environment, people require more from their leaders. The rules, policies, and regulations that characterize more traditional organizations provide direction and reduce uncertainty for employees. Such formalized guidelines typically don't exist in e-businesses, and it becomes the responsibility of the leaders to provide direction through their vision.

Business

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