


HOW TO ACHIEVE EFFECTIVE CORPORATE LEADERSHIP AND GOOD GOVERNANCE IN TODAY’S BUSINESS DYNAMICS
By CPA Boaz Kinara Most business establishments that command the commercial space today wouldn’t have occupied that coveted position without agile and transformative leaders at the helm. Since their infancy, successful business empires are usually guided by the need to tap seasoned talent and tact from the job market to navigate the turbulent business environment. To that end, it goes without saying that such entities are usually keen to incorporate the core values and principles of corporate governance alongside having skilled personnel in the driving seat. It is noteworthy that since the advent of the Industrial Revolution in the 18th and 19th centuries, the ground has shifted significantly, with even more interest and scrutiny of those charged with governance. To lend credence to this assertion, a brief look back at what transpired on the leadership stage during the industrial revolution, vis-à-vis what is demanded of a corporate leader in today’s fast-paced business environment, would suffice. The industrial revolution is often divided into two: the First Industrial Revolution lasted from the mid-18th century to about 1830 and was centred in Britain. The second Industrial Revolution lasted from the mid-19th century until the early 20th century, spreading to continental Europe, North America, and Japan. The third and fourth industrial revolutions feature a unique spectrum of technological advancements that will be discussed later on. As earlier stated, it’s notable that most multinational corporations that control global markets in various sectors today mushroomed from the muddy waters of limited technology and skilled labour that bogged down most start-ups during the Great Industrial Revolution. Therefore, to draw concrete conclusions, it’s imperative to retrospectively examine the historical dynamics of corporate leadership, which have, over time, shaped the concept of effective leadership that most firms seek in today’s economy. This begs the following questions, which this article seeks to address: How