Chief Information Officer, EFG Holding LinkedIn.
Our new dynamic and international environment creates the perfect landscape for leaders to explore and master modern tools. Everything we do should be perceived through a global lens, and this global mindset is becoming increasingly necessary for today’s managers.
To better match today’s highly globalized and dynamic world, scholars have suggested that the leadership paradigm that predominated the 20th century must be changed to embrace a new way of imagining, sensing, making and being. Organizations must invest heavily in teaching and developing their resources to fulfill the needs of doing global business, promote a continuous learning culture for their individuals and provide resources and tools that help their employees stay up to date with new market dynamics and challenges.
A Global Mindset
Every organization needs to expand its footprint and engage in international trade. However, firms need highly skilled managers with global attitudes to prevail in these global markets. Because of this, only the right mentality will enable managers to inspire others from varying cultural backgrounds, political viewpoints, institutional backgrounds and other contextual elements that influence their behaviors, communication styles and thought processes.
A global mentality comes with practice. Leaders must establish business and personal criteria that are independent of one sole perspective in terms of culture. A manager who has a global perspective can anticipate and notice things that other managers can’t. To achieve their goals and the goals of their organizations, managers with global mindsets can shape the world holistically, spot opportunities and recognize risks.
International Experience
An essential element of a global mindset involves international knowledge and experience. Most HR departments emphasize the vital role of international knowledge and experience in enhancing the overall organization’s performance, as it strengthens an individual’s interpersonal skills and flexibility when managing complex problems. The development of a global mindset can be facilitated by various international experience mechanisms, including education, cross-border projects, international meetings, international training locations and international assignments.
An overseas assignment can allow managers to live in a different environment, allowing them to develop relationships and affiliations with other international operations. International duties let managers experience new systems, platforms, cultures, languages and political environments.
In addition to foreign tasks, leaders with a global education or who have studied outside of a single country often have more insight into the dynamics of the worldwide ecosystem.
How Do Global Managers Work?
Global managers are the pivotal link between the company’s capabilities and the global market requirements. They are the ones who have to act on the ground in their home country while constantly thinking globally. This means they must understand their own culture and be open to foreign cultures.
A global manager can act as an integrator of sorts for their business. This kind of global manager is capable of comprehending internal organizational dynamics. Still, they are also sensitive to global issues like cultural diversity and can manage variations in people, values and cultures. They then instill this focus in those they manage.
How Can I Become A Global Manager?
As a global manager, you must understand the importance of assessing the risk factors before entering new projects. You must have the skills and ability to create a comprehensive plan and assist in its implementation. You must consider the value of researching different markets’ options, analyzing those options and choosing the best tactic based on that research.
In addition to these requirements, there are several professional skills you must master to become an influential global manager:
• Determine if foreign trading is feasible. You must weigh prospective benefits against potential risks to determine a market’s viability. When launching or growing an international trade effort, you must use your knowledge to assess whether a proposal will increase revenue and align with your corporate strategy.
• Plan for market expansion. You must create a thorough worldwide business strategy and help with its implementation.
• Establish successful market entrance tactics. Global managers know the value of investigating and evaluating potential market entrance tactics and strategic alliances before making their choices.
• Adapt products and services. You must understand the vital role of adapting products and services for a specific international market.
• Consider worldwide marketing and sales. You have to be aware that while marketing can generate demand, a successful sales plan is required to capitalize on this desire.
• Keep cultural sensitivity at the forefront. You must be aware of multicultural differences and their effects on global trade.
• Consider global morality and law. You must adhere to all local and foreign legal standards that regulate operations related to international commerce and be familiar with the fundamental legal concepts of worldwide business.
Are you already well-versed in the skills you need to become an influential global manager? It’s all about consistent progress. Every leader has growth potential!
Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. Do I qualify?
Read the full article here
