International Travel: Good for Children

Rebecca Ruiz at Forbes.com says: "Parents have been sending their children abroad for education and culture since at least the advent of the Grand Tour in the 15th century. At that time, young men from aristocratic families spent months traveling Europe with the aim of learning about music, classical history, languages and art, among other subjects.

Times have changed and now kids have countless demands on their time, from SAT-prep courses to playing the latest Wii game. But that doesn't mean parents should give up on turning their son or daughter into a world traveler. Even by taking one trip abroad each year, parents can instill in their children an appreciation for languages, food, history and cultural traditions.

The New Generation Gap - and Retention

I (www.JackKeogh.com) just saw this on "WorldatWork:

August 28, 2008 –– With four generations of employees that are as different as LPs are from iPods, companies need to do a better job of identifying and utilizing the varied skills available to them under the same roof. A recent study has found that almost 70% of companies don’t have programs in place to deal with the four different generations currently in the workforce.

The Institute for Corporate Productivity (i4cp) study found that a third of the companies say that generational issues are not important or only somewhat important in their organizations. Additionally, a full eight out of 10 companies devote less than 5% of their learning and development budget to the issue.

"With four distinct groups at work, building relationships that cross generational gaps is important to a cohesive culture," says Jay Jamrog, i4cp's SVP of research. "If you want to be a preferred employer with the ability to attract, retain and engage top-flight workers, it makes sense to be keenly aware of the beliefs, attitudes and values of your workforce, no matter how diverse it is."

Of the organizations that do have generational initiatives in place, most cited the inclusion of training and/or educational programs, flexible work arrangements and overall issue awareness. When asked what the specific focus of their generational initiatives was, 59% of respondents pointed to awareness, a measure that jumps to 67% for companies with more than 10,000 employees. 47% overall said they look at differences beyond the generational issue (other diversity issues), and 45% utilize tools for promoting better interaction.

To gauge the effectiveness of generational initiatives, 33% of organizations track the impact on retention, 28% measure impact on engagement, and 26% look at individual performance/productivity. 43%, however, admit their organizations do not measure the effectiveness of these initiatives. Furthermore, even though companies say they do measure retention and engagement after an initiative, 72% don't know if retention rates increased in correlation to the initiative and 64% don’t know if the initiative is responsible for improved employee engagement.

Global Thinking! delivers the biggest foreign buy-out in China

Peter Galuzka reports that Coke is “it” in China. The soft drink maker was part of a group of 12 international companies that put up $1 billion to become official “sponsors” of the just-ended Beijing Summer Olympics.

Apparently, those bucks generated more fizz for Coca-Cola which is on track to make the biggest foreign buyout ever in China — that of juice maker China Huiyuan. According to CNN "China Huiyuan Juice Group Limited is one of the leading companies in the Chinese juice beverages market. The company generated total sales of approximately RMB2.7 billion (approximately EUR270 million) in 2007".

Chinese government officials still need to approve the all-cash dea,l valued at $2.5 billion. But it seems obvious that Coke’s handling of the Olympics is about to earn it a gold medal.

The juice deal will give Coke a better market position as it battles arch-rival PepsiCo. in the Middle Kingdom. China is Coke’s No. 4 market and is increasingly important as domestic U.S. sales have been rather flat.

Business observers have been watching closely how companies played the Olympics for marketing tips. It looks like Coke might be a great example.

Olympic corporate sponsors included Kodak, Johnson & Johnson, Lenovo, McDonald’s, Panasonic, Visa, Atos Origin, Samsung, Omega and Manulife. All bet that their prominent exposure to more than a billion potential Chinese customers will make a positive impression and win market share. Keogh & Associates Consulting, LLC helps multinational companies develop the international talent needed to win Olympic Gold in a global economy.

Global Mindset and Inclusion of students with disabilities

The following is from Jim Fennell, a Staff Sports Writer at the Union Leader of New Hampshire.

"Including Samuel" is the personal journey of Dan Habib and his family -- his wife, Betsy McNamara, and two sons, Isaiah and Samuel -- told over four years. At the heart of the story is the family's support of Samuel, who has a rare form of cerebral palsy, a disorder that makes it difficult for the brain to control the body's muscles. It's about their efforts to make him part of educational and recreational activities open to kids without physical or emotional disabilities.

The film tells not only the story of Samuel, but also of four other people with disabilities. There is a balance between the positive and negative aspects of inclusion that reveals Habib's journalistic background. Some of the greatest advocates to emerge from the film are the students without disabilities whom Habib interviews.

"I really want every school to be welcoming to all kids," he said. "It's all about problem solving. It's about saying this is a value that we embrace, that we want our school to have the diversity of kids of all abilities. I honestly believe that's part of the natural diversity of our society, but a lot of schools are challenged by that, so you have to get together and say how do we do this well".

Simply stated, Including Samuel is a must see…for anyone who wants to develop a "Global Mindset" and wants and/or needs an in-depth look into the concept, current practice and real-life experience of inclusion and integration for those with disabilities. “Sometimes students with disabilities are the low-hanging fruit. They’re the ones that people pick on and say ‘they’re too expensive.” Some children are going to require more resources to learn than other children. And that is part of America. And that is where it becomes a civil rights issue. ” (Jan Nisbet, director of the UNH institute, cited in Business Week)

So readers, how do you feel about “inclusion”—is it the next civil rights issue and does it relate to having a "Global Mindset"?

Doing Business in Sao Paulo

At Keogh & Associates we know that sometimes the success of an international deal depends just as much on how you manage your time as on the content of the contract. The Economist has rounded up practical etiquette tips to help managers headed to Sao Paulo (and other cities) make the right impression. Here is a sampling from the Economist blog:

"Despite its many woes, São Paulo remains the business hub of Latin America. Having prospered first with coffee and then with industrialisation, it is now reinventing itself in the services sector. Its huge market (nearly 20m people in greater São Paulo) is a magnet for multinationals. The city claims to attract more visitors (mostly, but no longer exclusively, on business) than Rio; bearing in mind the intense rivalry between the two cities, this must prove deeply satisfying. If you are one of those heading to São Paulo, here are some things to be aware of (part of a series).

• Local business-people tend to be fairly laid-back. There are few unexpected taboos that you should fear transgressing.

• One exception though: avoid putting your briefcase or handbag on the ground (local superstition holds that your money may run away). Restaurants sometimes provide hooks or clips to help.

• It is always best to arrive at a business meeting in a suit, but sometimes even investment bankers wear “smart casuals” in the office.

• In this workaholic city, don’t be surprised if meetings are scheduled after 6pm. Brazilians talk about “pontualidade britânica” (British punctuality), which means turning up on the dot. But you should neither give nor take great offence if you or others arrive a little late. Bad traffic is usually the excuse.

• Business contacts tend to speak English, often fluently. But locals will appreciate even clumsy attempts to chat in Portuguese. (Remember “Bom dia”, “Boa tarde” and “Boa noite” for “Good morning”, “Good afternoon” and “Good evening”.) Do not assume that people will speak Spanish.

• Poor plumbing originally led Brazilians to dispose of toilet paper (papel) in the bin (lixo) rather than the toilet bowl. Though pipes have improved in newer buildings, the habit persists. You may be asked to follow this practice".

McCain: using a "global perspective"?

At 44, Sarah Louise Heath Palin is both the youngest and the first female governor in Alaska's relatively brief history as a state. She's also the most popular governor in America, with an approval rating that has bounced around 90 percent.

This is due partly to her personal qualities. When she was leading her underdog Wasilla high school basketball team to the state championship in 1982, her teammates called her "Sarah Barracuda" because of her fierce competitiveness. Two years later, when she won the "Miss Wasilla" beauty pageant, she was also voted "Miss Congeniality" by the other contestants.

Sarah Barracuda. Miss Congeniality. Fire and nice. A happily married mother of five who is still drop dead gorgeous. And smart to boot, a crackerjack governor, a strong fiscal conservative and a ferocious fighter of corruption, especially in her own party. Track, her eldest son, enlisted in the Army last Sept. 11. She's a lifetime member of the National Rifle Association who hunts, fishes and runs marathons. A regular churchgoer, she's staunchly pro-life. She believes in marriage between a man and a woman but was quick to offer benefits to same-sex couples in her native state.

"The landscape is littered with the bodies of those who have crossed Sarah," pollster Dave Dittman told the Weekly Standard's Fred Barnes. Her husband is a commercial fisherman and union member (steelworkers); she used to be a union member.

I know it's a broad interpretation of "global perspective" but I think the term is apt for McCain's approach to his choice for VP.

Here is some useful insight from Frank Brown, the dean of INSEAD, a leading international business school with campuses in Europe and Asia that supports the need for a global perspective which is a core concept at Keogh & Associates Consulting, LLC:
"As our economy becomes more global, the need for corporations to develop leaders who can navigate risk, expand into new markets and operate with an international perspective has never been more apparent. Corner offices will increasingly be filled with leaders from all over the world, and the DNA of management will change to reflect the type of transcultural leadership that has proven to drive lasting results for corporations". Read more at Chief Executive Magazine.