Leadership in the Era of Sustainable Development: Challenges and Opportunities for Modern Managers

Abstract

Modern technologies have a large-scale impact on the transformation of management functions, management tools and methods, and managerial competencies, raising the question of how companies will be managed in the near future. The article provides an overview of management development trends with a focus on the contours of the emerging management paradigm of the digital age. The information basis for the analysis is the work of leading foreign and domestic experts in the field of management, as well as articles selected by keywords. It is shown that the concept of management of the digital era is developing dynamically, with the contours of the emerging paradigm being a field for professional discussions and experiments. It is noted that the management of organisations in the digital age requires new modern competencies from managers. Remote employment is gradually becoming a new global working norm, opening up huge opportunities for companies, but also requiring a different kind of leadership – “digital”. This new type of leadership implies significant changes in the relationship between managers and employees, including leadership behaviour. The author demonstrates the potential of using the concept of digital leadership in studies of new working and management conditions. The trends in the development of modern management, as well as the new competencies of managers identified in the analysis, are of interest to researchers and management practitioners, although they require further analysis as technologies and management practices evolve.