Global

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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Global Focus Lessons Learned

Author: Ellen McMahon, EdD

Thursday, June 26, 2014

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Now that the week-long study program in Krakow and Warsaw Poland is over and I have reviewed the student reflection papers and their consulting presentations I am struck again by how important global programs are. Not only does the Global Focus program at LFGSM provide an opportunity for students to apply what they learn in class to issues or opportunities in a global context, but it also gives each of them the opportunity to navigate daily routines in that same global context.

The consulting projects, all US companies exploring expansion into Poland, helped structure the kind of meetings and companies visited. Through the lectures of local faculty, students were able to understand the history and context of economic transformation in Poland.  Our primary local faculty, Dr. Kris Gluc, posed provocative questions that triggered debate and reflection.

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