Are you more global than you were a few years ago? If so, what does that mean to you?
I was invited to attend the Global Leadership Summit hosted by Northeastern University D’Amore-McKim School of Business in Boston last month.
One of the comments I heard from the some of the attendees was ‘we are becoming more global’. It made me think about what this means to organizations and of course what they are doing about it. Does this mean that companies are entering new countries or they are dealing with increasing challenges where they have already been doing business?
Either way, this seems like an opportunity to challenge one’s global workforce to understand where they are doing business, to understand how the local culture impacts the business environment, and to adapt to the business practices of the local cultures to increase effectiveness and efficiency. This strategy would minimize the challenges that many organizations are facing today working across several cultures. The increasing demand on US companies to become ‘more global’ makes it almost impossible NOT to gain a deeper understanding of how to do business in other countries and cultures.