In the era of an ever-changing business scenario where the organizational structure is becoming more and more complex, the task of leadership is becoming increasingly more difficult. Business leaders face an unstable economic climate, political policies and increasing international competition. Technological innovation, the emergence of knowledge-based business tools and the industry that manages them, ruthless media and advertising mechanisms, consumer concerns and conscious and demanding environmental resources bring to the fore a complex mix challenges that managers must face to succeed. Additionally, following some recent financial events, ethics will play a more important role and leaders around the world will be tested by the choices they make. Efforts have been made from time to time to identify the leadership challenges that organizations are expected to face. over the next 10 years and the steps needed to address them, among the following key challenges have emerged: Develop managerial effectiveness: this includes the challenge of developing relevant skills – such as time management, prioritization, reflection strategic, decision-making and getting on top of your work - to be more effective at work. Standardization of standards, work processes and results results not only in achieving tangible successes such as optimizing resources and maximizing profits, but also in intangible successes such as greater job satisfaction and a goal-oriented rather than process-oriented attitude. Thus, managerial effectiveness is about streamlining processes and ensuring a smooth transition of methodologies for rapid emergence of decisions giving sufficient time to act accordingly. Adhocracy, as popularized by Alvin Toffler and Henry Mintzb...... middle of paper ......to get the group to achieve a common goal. In the changing socio-economic structure of the world and the challenges of multicultural businesses, the job of a leader is becoming more difficult day by day and he must continually evolve to meet the challenge. Nowadays too, it is absolutely necessary that leadership should be born from the seeds of moral integrity, spiritual wisdom and chaste conduct of future leaders. Any organization must therefore allow individuals to grow and contribute to the process to enable the emergence of effective leadership. It is also necessary for every organization to make conscious efforts to instill a sense of responsibility in its leaders and facilitate understanding of the challenges faced by communities struggling to survive. Constant learning and faster learning are the keys to success in the 21st century.