How companies develop global leaders?

Résumé du document

How companies develop into global leaders: Globalization has now invaded the world. Globalization means integrating each of the world's countries into a single unified society, where it is able to found great business opportunities by discovering new markets, new capital investments, new suppliers, and of course new customers. A company can be part of the globalization process, if as a business it is able to sell its products and services to the new open market. These companies face two major difficulties: - The complexity to operate at the executive level in any country, and the complexity in operating a global organization with different economies and cultures, and understanding these factors. These problems require time, effort, and especially human resources, besides financial resources, to give a company the managerial issues to survive and develop itself in a foreign market.

Extraits

[...] Avoid silo cultures: leaders should avoid the idea of a single unit culture; they should be able to unify the culture in an organization as if it was a family Strategies to Maximize Potential Individuals Capacities Furthermore, according to Stewart Black, Allen Morrison and Hal Gregersen in their book Global Explorers, there are four punctual strategies that companies apply to develop global leaders and maximize the capacity of potential individuals: Travels, Teams, Training and Transfers How companies develop global leaders? Travels International HRM Travels have big power in terms of creating savvy and emotional connections towards foreign countries but at the same time it is important to keep in mind that the key issue here is not the quantity but the quality of them. Japanese companies seem to have this idea quite clear and that why around 55% of them use extensive foreign travel as key to develop global leaders, Europe firms around 40% and US firms 27%. [...]

[...] “Master Mobilizer” Global leaders don't always have all the resources they need to set up and apply their decisions so they have to negotiate to get what they want. For that, they must be able to have influence on the right person to reach their goals. This is possible if they have the ability to adapt to different cultures, environments and understand how to do international business and manage different personal working styles How companies develop global leaders? “Integrity” International HRM Be always honest with the highest level of integrity; open, genuine and maintain their positions, values and beliefs is crucial. [...]

[...] The development of global leader is a long term process. There is not a specific list of methods that can ensure the successful development of global leaders. However, companies can use different approaches which will be successful even if the company and employees are strongly committed to the objective. Finally, concrete examples of global companies illustrate all the notions and key success factors developed before. This report focused on showing what are global leaders' strengths of these companies, their strategy, best practices and their global leaders challenges to face the future and differentiate them from others global companies. [...]

[...] Leaders are given practical test in order to see if they are able or not to deal with a difficult situation and to see how they react to the situation (adaptability, flexibility, ability to discharge of duties . Global leaders Challenges Difficulty to distinguish business success from global leaders in a short period of time How companies develop global leaders? International HRM SUMMARY In a context of globalization, companies need global leaders to remain competitive on the market. A global leader is a leader able to manage team in an integrated company, across borders and with high cultural differences. [...]

[...] p Create your Global Vision Establish Global Leadership Requirements Identify High-Potential Leaders Assess Readiness and Select Talent Accelerate Development 2.2 Methods to develop global leaders . p Business Schools Strategies to Maximize Potential Individuals Capacities 3. Company examples . p Microsoft, Washington, United States . p Citi, New york, United States . p Philips, The Netherlands . p Apotex Inc. Ontario, Canada . p.14 Summary . [...]