Tuesday, July 22, 2008

Global Mindset as New Managerial Paradigm

As our Presidential candidates in the US undertake international travel to convince us of their global understanding, I came across a useful description of a global mindset at the William F. Glavin Center for Global Management at Babson College.

"the global mindset is defined as a state of mind able to understand a business, an industry sector, or a particular market on a global basis. The executive with a global mindset has the ability to see across multiple territories and focuses on commonalities across many markets rather than emphasizing the differences among countries. Companies which find themselves engulfed by extensive global pressures will need to acquire a large pool of executives who possess a global mindset and who are able to view business opportunities from a global perspective. Part of this global mindset is an entire set of new and different analytical tools that would not be needed by the previous domestic or multinational mindset. New strategies, resulting from responding to new market opportunities, are another part of this toolkit. This global perspective differs substantially from the more traditional single-country, or domestic, and multinational perspective so much more typical today".

The description is from: "Managing with a Global Mindset" by Jean-Pierre Jeannet.