Examine the concept of Global Managers and Global Mindset in an organisation
Mariam Peyton is a professional Financial Analyst. She holds a Masters degree in Economics. She specialises in financial analysis and forecasting. Her expertise includes studying the financial performance of companies, markets and entire industries looking for trends, insights and information that can help you glean rich insights for use in academic and market research.
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This study helps us to understand the role of a global manager and mindset in running a successful organization particularly focusing on the biggest factor of global mindset and its connection with the performance of an organization.
During the past few years, international activity has been strongly intensified which has brought attention to human resource management in organizations that have extended their activities across borders. These activities include importing, exporting, startup operations and alliances, and mergers. Currently, the business environment is comprised of rapid changes and high competition. Therefore, organizations must have effective and appropriate management of their resources in order to enhance their productivity. Effective human resource management is of great significance to an organization and it is said to be a critical competitive element. A manager of an organization is faced with the responsibility of handling issues or difficulties of international human resources even in unpredictable circumstances. This essay is going to examine the concept of Global Managers and Global Mindset and how they help an organization in attaining its goals and objectives.
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the concept of Global Managers and Global Mindset in an Organization a Case Study
Key Learning Outcomes
By the end of the case, students should be able to:
- Understand the concept of a manager, a global manager, and a global mindset and their significance to an organization
- Understand how managers should conduct themselves and how an organization can help the manager to develop a global attitude and how it benefits the organizational development of any business
- Learn how to apply the concept of Global Managers and Global Mindset to real-life organisations
1.0 INTRODUCTION
With the ongoing growth and development of globalization, the traditional ways of doing business are becoming more and more irrelevant each day that passes. The current economic world requires managers to become global managers with a global perspective with the necessary skills and knowledge so as to operate effectively in a globalized business environment.
Once a manager has a global mindset, he or she can globally strategize the business which requires them to integrate the three global forces of (a) global business, (b) regional pressures, and (c) worldwide purposes. A manager is a person who plans and directs the work done by a group of individuals by observing their work and correcting their actions where the need arises.
On the contrary, a global manager is branded by the work he or she does within an organization with global operations. A global manager manages complex businesses that are conducted across different cultures or countries. It is important to note these managers must engrain a global mindset in the course of conducting business because it gives them the ability to observe, appreciate and weigh the principles, ethics, and business practices of organizations from distinct parts of the world. This paper is going to analyze the concept of Global Managers and Global Mindset and the theories which relate to this concept such as the ‘great man’ theory of leadership and the behavioral approach.
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