Global Mindset
Developing a Global Mindset
B D SINGH Sr. Prof & Associate Dean (MDP & C) IMT,GHAZIABAD
Market success is only part of globalisation. We must globalize every activity in the company. We’ve made some progress in sourcing products and components so critical to survive and win in a pricecompetitive deflationary world, but our challenge is to go beyond that – to capitalize on the vast intellectual capital available around the globe. – John F Welch Jr. CEO There are no German or American companies. There are only successful or
Background The two most dreaded obstacles in the way of human progress- i.e. Time & Distance have almost been eliminated, due to technological revolution Mind boggling pace of changes have shrank the wide world to a “global village”. We live in interconnected, interdependent, world economy. Globalization has made free flow of goods & Services – possible opening the new visa of opportunities – for corporate and individuals – age of mega mergers & acquisitions A global business manager must have a global business perspective and understanding of how the world works – Learning, unlearning and relearning are integral part of the knowledge intensive global business. A global manager must develop a global mindset – the capacity to analyze, appreciate & leverage the
The 19th and early 20th centuries were marked by intense nationalism , building Empires & Colonies & second half of 20th century intense witnessed a phenomenon known as “cold war” - bi - polar world. During the last 25 years the world has become borderless & multi polar – Wars, if at all fought, are for acquiring economic supremacy--- mostly fierce commercial/marketing competitive wars are seen – Global business Olympiads taking place every day. Technology and business sans frontiers- no one is permanent foe or friend – the traditional enemies have become friends and allies – European countries, India & China, Korea & Japan.
Leveraging on diversities
B D SINGH Sr. Prof & Associate Dean (MDP & C) IMT,GHAZIABAD
Market success is only part of globalisation. We must globalize every activity in the company. We’ve made some progress in sourcing products and components so critical to survive and win in a pricecompetitive deflationary world, but our challenge is to go beyond that – to capitalize on the vast intellectual capital available around the globe. – John F Welch Jr. CEO There are no German or American companies. There are only successful or
Background The two most dreaded obstacles in the way of human progress- i.e. Time & Distance have almost been eliminated, due to technological revolution Mind boggling pace of changes have shrank the wide world to a “global village”. We live in interconnected, interdependent, world economy. Globalization has made free flow of goods & Services – possible opening the new visa of opportunities – for corporate and individuals – age of mega mergers & acquisitions A global business manager must have a global business perspective and understanding of how the world works – Learning, unlearning and relearning are integral part of the knowledge intensive global business. A global manager must develop a global mindset – the capacity to analyze, appreciate & leverage the
The 19th and early 20th centuries were marked by intense nationalism , building Empires & Colonies & second half of 20th century intense witnessed a phenomenon known as “cold war” - bi - polar world. During the last 25 years the world has become borderless & multi polar – Wars, if at all fought, are for acquiring economic supremacy--- mostly fierce commercial/marketing competitive wars are seen – Global business Olympiads taking place every day. Technology and business sans frontiers- no one is permanent foe or friend – the traditional enemies have become friends and allies – European countries, India & China, Korea & Japan.
Leveraging on diversities