Global Mindset Blog
February 17th, 2013
The McKinsey Quarterly sited a study where 76 percent of senior executives said they believe their organizations need to develop global-leadership capabilities, but only 7 percent think they are currently doing so very effectively. However those companies who are getting it right in terms of global leadership development and acting as true global players are coincidentally taking three key actions: 1)Diversifying their boards culturally and linguistically, 2)Hiring and promoting from other country locations into top leadership positions (not just from the home country where headquarters is located), and 3)Decentralizing procedures and processes to a variety of locations around the world. For example, Bayer, the German pharmaceutical giant, housed their global IT system at the US subsidiary, not at headquarters in Germany. A seemingly radical move by most traditional expansion strategies.
Skills global leaders need to be successful:
How can leaders develop global skills?
Many say that we are at a leadership deficit in the business world and not only do we need existing leaders to improve their global skills, we need 1000s more truly developed leaders who can think, act and lead globally. Leadership is becoming more and more important in terms of motivating employees, facilitating new innovations, and driving projects forward. Are your leaders and is your organization prepared?
We’ll talk more in detail next month on how to assess and find the right global leaders.
For more information on how to work globally, contact us firstname.lastname@example.org