Developing Global Executives

In our borderless global economy, companies must ship their executives nearly as far and wide as their products. Whether these far-flung executives soar or land with a thud may make all the difference between a successful international enterprise or a world-class failure-and it is this crucial difference that Developing Global Executives defines.

Based on a wide-ranging study of veteran global executives, leadership development experts Morgan W. … [ Read more ]

Leadership Challenges in Global Organizations

As opportunities for global expansion increase, so does the trend toward more diversity in the workplace. Successful companies are recruiting professionals with different backgrounds, cultures, styles and motivations. Yet this great resource presents increased possibilities for misunderstanding and cultural blunders.

Leaders must be flexible and be able to adapt to this diverse workforce and global consumers. This requires an understanding of the historical, political and economic … [ Read more ]

Ambassador for the Asian Century

Singaporean diplomat Kishore Mahbubani says the West should lose its arrogance and the East should step up to global leadership.

Àngel Castiñeira

We can ask ourselves if it is more advantageous for companies to be national or transnational. But a better question is how we can have firms that respond to the great “glocal” problems (pollution, poorness, respect for human rights) in their daily agendas. Can companies go from being “global capitalists” to being “glocal citizens”?

Riding the Waves of Culture: Understanding Diversity in Global Business

With over 50,000 copies sold in its first edition, Riding the Waves of Culture dispelled the idea that there is only one way to manage, and was the first book to show professional managers how to build the cross-cultural skills, sensitivity, and awareness required in today’s global business environment. In this second edition, Fons Trompenaars and co-author Charles Hampden-Turner reveal the seven key dimensions of … [ Read more ]

Horacio Falcao

People tend to only look at national culture when they go into international negotiations—but there is also educational culture, race culture, gender culture, a religious culture. All of these also impact the way people behave and they are all “cross cultural,” which means that we’re underestimating the role of culture because we are only looking at the national one; but as negotiators, we need to … [ Read more ]

Global Migration Patterns and Job Creation

Gallup’s World Poll reveals new findings on the “great global dream” and how it will affect the rise of the next economic empire.

An Interview with Jeffrey Sachs

While development economist Jeffrey Sachs has done most of his work in the public sphere he has done so with one, overriding intention — to improve the public good, namely to ameliorate the lives of poor people around the world. Here he is interviewed by Stephen Bernhut.

Addressing the Muslim Market

Can You Afford Not To? Throughout the world, Muslims are becoming increasingly active as investors and manufacturers, bankers and traders, competitors and suppliers, and becoming real partners in a global economic system. Muslims comprise one of the fastest growing consumer markets in the world and, hence, represent a major growth opportunity for businesses around the world.

Wholesale Distribution Changes for a Winning China Strategy

Most of China’s 500 million consumers still shop at small markets and local department stores. These consumers, who are reaching threshold spending levels for many products, represent China’s fastest-growing market. Yet only a fraction of Western companies have explored the traditional trade beyond the largest cities, primarily because of distribution challenges. Of the various methods for dealing with distribution, active management of the wholesale channel–an … [ Read more ]

Serving the Low-Income Consumer: How to Tackle This Mostly Ignored Market

Facing saturation and cutthroat competition in long-established markets, many multinational companies are seeking new markets. Yet until recently, they have largely ignored the more than 5 billion low-income consumers, thinking these consumers have no money to spend or are impossible to reach. Now several companies are disproving these perceptions.

Toward Effective Supplier Management: International Comparisons

The purchasing function is acquiring high priority in the eyes of senior management for a number of reasons. First, increasingly global strategies for marketing and manufacturing require equally global approaches to sourcing. The skills and knowledge required for effective worldwide sourcing are quite different from those typically found in a domestic purchasing organization. Furthermore, in a global company, purchasing plays a far greater role in … [ Read more ]

The Hard Reality of Semiglobalization and How to Profit From It

Pankaj Ghemawat does not believe the world is simply flat, instead asserting that “the complex world of semiglobalization offers a far richer palette of business opportunities than a simple “borderless” world of uniformity and ubiquity.” In this manifesto, he offers an antidote by addressing what still matters: distance and difference.

The Statecraft of Busines

Multinational corporate leaders managing in the fragmented marketplace must be knowledgeable about the world’s various political systems to nimbly adapt their companies to the preferences of governments, regulators, and global policymakers where they operate. The field of international relations offers five views of the structure of the global political environment: New Realism, Hegemony, Institutionalism, Liberalism, and Postmodern Anarchy. Each is accurate in its own way, … [ Read more ]

In Global Entrepreneurship, One Small Initiative Can Make One Huge Difference

Entrepreneurs love to grumble about the roadblocks and delays created by bureaucrats. Government officials, they say, are slow, bumbling and concerned only about sticking to the rules and clocking out at 4:55 p.m. But in a study of global entrepreneurship, Raffi Amit and Mauro Guillen, both Wharton management professors, have found that a simple, if smart, bureaucratic initiative mattered critically in determining a country’s level … [ Read more ]

The 10 Lenses: Your Guide to Living & Working in a Multicultural World

How do you view the world and others you work with, live with, pass on the street? Are you an Assimilationist who believes that everyone should just become a regular American? A Culturalcentrist who believes that a person’s race or ethnicity is central to their personal and public identity? A Meritocratist who believes that if you have the abilities and work hard enough, you can … [ Read more ]