Intermediate Examination Paper from the year 2009 in the subject Business economics - Supply, Production, Logistics, grade: 3.9/4.0, ( Atlantic International University ), course: Managing Transformations in Work, Organizations and Society, language: English, abstract: This paper focuses on leadership skills required within our fields to manage the 21st century. The paper examines the leadership skills required to effectively manage financial aspects of organizations. Most organizations are profit oriented, which require skilled leadership to ensure proper management of their finance. The paper evaluates marketing management skills that organizations need to gain appropriate competitive advantage in the volatile market conditions. Many emerging organizations are expanding globally, which the paper examines. The paper focuses further on operations management and strategic management of modern organizations. The paper evaluates the significance of effective leadership skills in strategic management since many organizations face challenges that require appropriate strategies to manage.