When historians look back at 2020, how will they assess our generation’s business leaders’ response to the psychological impacts of this quarantine? Our employees’ well-being is dependent on how we assess and assist their different dimensions of health. While most organizations have Employee Assistance Programs (EAP) in place for the physical and mental dimensions, COVID-19…
Developing countries’ companies are becoming global innovation leaders. The leader is Alibaba in China, with a market value greater than Yahoo, Netflix, eBay, Yelp, LinkedIn, Twitter and Groupon put together. Samsung from South Korea outsells Sony, Panasonic, and Philips. Bimbo in Mexico is the largest bakery company, and purchased Sara Lee’s North American bakery business….
Amway’s business model is recruiting independent business operators to personally market the company’s health, nutrition, beauty and home-care products to consumers. In 1995, they expanded into China and rapidly grew to $200 million in 3 years. The government banned direct sales, as they were concerned about scams. Citing political unrest, they required physical stores –…
When looking at the global gap between what jobs employers need to fill and the skilled workers available to fill them, there are some significant differences between countries. While the US workers will grow 10% by 2050, the population will shrink 26% in South Korea, 28% in Japan, and 28% in Italy and Germany, and…
Even with geographical interconnection, most are not educated to work with people who are unlike us. We all bring our different ways of thinking, understanding, acting and communicating to the table and are not well versed in how to deal with intense diversity. Global leaders need a global mindset, which consists of three areas: Intellectual…
Rising protectionism at countries (i.e., higher tariffs and border taxes) as well as falling costs of advanced manufacturing technologies have created a business strategy of multi-local to create more value in the economies they serve. Instead of building facilities in low cost economies and then paying to ship around the world, companies are now building…
Companies are taking more pragmatic steps toward actively shaping the societies in which they operate. This is not only sustaining economic progress, but also broad-based prosperity. Yet, on the other side of this globalization and technological impact, there is also rising social inequality, social strife, terrorism, civil wars, and international conflict (Source: BCG). Other globalization…
Compact international assignments are part of a larger mobility trend among multi-national companies. Many organizations do not have quality career management policies for expat assignments. For many, the global personnel management and talent development act separately; yet, they need to be integrated so that business and development goals can both be realized. The expat assignment…
Fortune 500 companies with headquarters in developed economies will fall to less than 55% by 2025 from 75% in 2013. 7 out of 10 new large companies will come from emerging markets. Developing deep cultural understanding and a sense of global citizenship can only be achieved through immersive, location-based activities. In addition, geographic diversity among…
There are many challenges when conducting global business. If you raise your voice, laugh passionately, touch your counterpart on the arm, or put a friendly arm around him – is this intrusive/lack of professionalism or entirely appropriate? The answer is that it depends on where you are. First, there are different norms of communication, and…
