Developing a Global Management

Shumaila Husain-03 Ishan Sankhe-100 Tanvi Mhatre-118

Walk Through
Global Management The Domestic Management v/s The Global Management The Key Issues which a Globalizing Firm has to tackle Reasons For Shift In Global Management Global Mindset Global Competencies Methods or strategies to develop global management The Broad Organisational Framework

Global Management
Global organisations look upon the whole world as their own business territory They choose most attractive places for business on the geographical map Manufacture the products on economies of scale and market them worldwide Role of a global Manager-risk taking leader - managers and are market

The Domestic Management vs The Global Management

Domestic management Global management Cross functional Cross-cultural Enabling boundary less organizations

General

perspective Organizational life

Functional specialized

Forces are Contradictions are prioritized balanced Conflict is eliminated Conflict is leveraged Hierarchy is trusted as an opportunity Networked processes are trusted Global objectives are supported Influence, persuasion, and presentation skills

Domestic Management

Global Management Cultural, personal selfand other awareness Networked collaboration Teamwork primary Managing in a global matrix Effective use of communication technologies Change is expected, valued and actively enabled. Change is seen as Opportunity personal growth

Work style

Personal selfawareness primary Individual mastery primary

View of change

Surprises are avoided Change is seen as threat

Learning

Specific knowledge and Broad-based lifelong skills are mastered learning is engaged. Training is value Education and learning are valued Global learning is key success factor Responsible for career development

The key issues which a globalizing firm has to tackle

Access to open markets Demanding customers Sustained performance improvement Need for rapid, flexible decision making and communication Constant growth in technological innovation Critical importance of relationship management Diversity and complexity Managing regulatory and social

Reasons For Shift In Global Management

Global scale efficiency and competitiveness. National level responsiveness and flexibility Cross market capacity to leverage learning on worldwide basis The special characteristics, which mark the firm as a global company include: An integrated network that shares values and decision making and a free flow of resources, products, processes and information amongst its independent units. Managers use 'co-option' to develop consensus. Each employee is enabled to understand, share and internalize the company's values, purpose and key strategies.

Global Mindset

In a global organisation an essential pre-requisite to function as effective global manager is to develop a global mind set. Basically a global mind set implies thinking of 'big picture' A manager with global mind set adopts broader goals beyond local interests. A global perspective of business. It is about being able to think resourcefully and independently of ones own culture. Global mindset is a behaviour transformation does not happen overnight

Global Competencies

Connecting resources, innovational and entrepreneurship.

Ability to manage complexity

Managing change and diversity Learning Networking Team Management Talent Management

Managing cross-cultural issues Effective communication Self-management Predictive Skills Emotional Intelligence.

Strategies to develop global management

Varied job experience International business travel Multi-cultural team work Contacts with Executive Role Models Global account management Expatriate assignments Global business responsibility

Characteristics of Organizational Framework emerging out of effective global management

People exhibit enthusiasm for process management Play leadership roles in process efforts. These People Include:
Senior executive team Skilled executives Employees Performers

Senior Member Executives

Leverage Strategic Planning

Employees:
Focus is on meeting Customer Needs Recognize the importance of Change

Skilled Executives Performers:

Know the importance of their work Look for Improvements in processes