Conditions for Corporate Business Excellence at the Global Level

Achieving excellence in business management practices in corporations and other business systems is imperative that focuses on managerial and leadership responsibility and commitment. What is at stake is the significant and fundamental readiness of leaders and managers to execute business planning strategies within the framework of new changes that should bring about the successful implementation of business. This is achieved if there are good foundations for people's actions, based on emotions for successful work, positive interpersonal relationships, motivation, etc. The goal is that managerial and leadership activities are focused on entrepreneurial activities, higher productivity, and other common values for creating excellent and profitable companies. The question arises, "How do today's communication equations change the style of an effective leader and manager?" The difference in business when it comes to the leadership of today's 21st century and the past 20th century, exists in the organization of business to provide services to customers. This means that communication is of great importance in the management and leadership of large and small organizations in the world. The assumption is that the existence of virtual conducting of meetings and the application of virtual reality tools has its own value that may exist even in 2024, but the attitude towards the significant values of business organizations imposed by such tools cannot be changed. For business development, one should keep in mind the importance of key performances and characteristics of global production, such as: business excellence, consumer demands for high quality products and services, quality communications, marketing, business topicality of social networks, distribution of information, goods and services, and consumption around the world, new technologies, sizes and structures of companies in the industry, etc. Accordingly, the role of managers and leaders is to understand the new premises of global production in industrial areas at the world level. To fulfill the necessary conditions of excellence, attention is directed to the research of strategic changes viewed through the prism of management and leadership, which will conceive a structured organizational framework. Such a method requires a top leader to formulate business perfection by putting people in the right place, as well as his own willingness to help people solve all business tasks that will become more and more difficult and complex in the future.