Business

The Leadership Value of International Business Experience

Author: Ellen McMahon, EdD

Thursday, August 07, 2014

The business world is constantly changing with the rapid development of new market possibilities in Asia, Europe, Latin America, Africa and Australia.  This demonstrates the importance for organizations to recruit and retain leaders who have developed a portfolio of international business experience.

Why does exposure to global business practice benefit business leaders and the organizations they work for?  With the growth of the global middle class, export and manufacturing industries in the United States are more actively pursuing strategic expansion into new overseas markets, which invites ethnic diversity into the corporate culture and business process.   In order to successfully connect your products, sales or services to foreign buyers, an executive team with global business experience is essential.

Businesses are looking for executives with more than global business awareness, they are looking for leaders who have built intercultural competencies.

Developing Intercultural Competence

When business leaders seek out opportunities to meet and engage with organizations abroad, it opens the door to a deeper understanding of unique models and approaches.  Within the United States our business practices have small variations depending on the region, but in general they are fairly predictable and uniform.  In the many industrialized countries abroad, business methods are impacted significantly by sociocultural and economic influences which are very unique to the region.  They vary dramatically from American norms.

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SocialPreneurs: Businesses Good at Doing Good

Author: Lake Effects Blog

Thursday, July 17, 2014

The social entrepreneurial movement centers on being a societally, environmentally and morally conscious professional.   It recognizes the need to conduct business in a manner that is reciprocal; both taking and giving from material, cultural or human resources.  What makes them unique? Their ability to make a difference and make a profit at the same time.

Regardless of the niche or industry, business is a complex ecosystem and more trending for-profit entities and business leaders are slowing down to take a closer more critical look at the impact of their business processes.  Whether that means evaluating off shore manufacturing and work conditions in third-world countries, improving methods to reduce negative consequences on the natural environment or cultivating ecologically sustainable practices, more businesses are adopting socialpreneurial policies.

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Lessons from the Frontlines of Entrepreneurship

Author: Manish Shah

Thursday, June 19, 2014

I have distilled the most important lessons from my experience as an entrepreneur.

Develop EQ

To be a successful leader one needs high Emotional Intelligence. Having a high IQ and technical skills are necessary but not sufficient traits for leadership success. Emotional intelligence comprises of qualities such as:

  • Self-Awareness—a clear understanding of one’s strengths and weaknesses,
  • Self-Regulation—control of one’s emotions and ability to channel them to create a positive impact,
  • Motivation—achievement not just for external gain but for internal fulfillment,
  • Empathy—understanding of other peoples’ perspectives and feelings in making decisions, and
  • Social Skills—skillful management of relationships with other people. These qualities can be developed by self-awareness and reflection.

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