Global Mindset
Global Mindset
Student: Althea A. Tulloch althea_tulloch@ymail.com
Program: Bachelors in Organizational Management
Nyack College
November 30, 2011
Introduction
What does it mean to have a global mindset?
.
Advancements in technology, especially the Internet for e-commerce, have led to
globalization, where different economies, societies and cultures of the world are integrated through a
global network . It is the capability to operate a business within various cultures.
Globalization has affected the world in many different ways including, Industry, Financial
markets, Economically and Diversity where respectively there has been an increase of worldwide
markets where countries now have better access to foreign products and raw materials for production
and finished goods exportation, different economies of the world have better access to loans and
an increase in job opportunities in underdeveloped countries thereby reducing poverty .
It has increased the competition among different countries, and has opened the world to better
communication and understanding among people.
With the growth in globalization individuals and organizations are forced to develop a
global mindset to keep abreast of the times. Having a global mindset, to me, is having the ability
to analyze, appreciate and utilize the beliefs, customs, behaviors and business practices of
individuals and organizations from different parts of the world, to influence global success in the
marketplace. It is necessary that global leaders hone this skill as they “ require both business –
related and culture-related competencies to operate effectively on a global basis” (Terrell, 2010,
p.2).
There are five characteristics of an effective global leader, according to Goldsmith et al
(2003):
1. thinking globally
2. appreciating cultural diversity
3. developing technological savvy
4. building partnerships
Student: Althea A. Tulloch althea_tulloch@ymail.com
Program: Bachelors in Organizational Management
Nyack College
November 30, 2011
Introduction
What does it mean to have a global mindset?
.
Advancements in technology, especially the Internet for e-commerce, have led to
globalization, where different economies, societies and cultures of the world are integrated through a
global network . It is the capability to operate a business within various cultures.
Globalization has affected the world in many different ways including, Industry, Financial
markets, Economically and Diversity where respectively there has been an increase of worldwide
markets where countries now have better access to foreign products and raw materials for production
and finished goods exportation, different economies of the world have better access to loans and
an increase in job opportunities in underdeveloped countries thereby reducing poverty .
It has increased the competition among different countries, and has opened the world to better
communication and understanding among people.
With the growth in globalization individuals and organizations are forced to develop a
global mindset to keep abreast of the times. Having a global mindset, to me, is having the ability
to analyze, appreciate and utilize the beliefs, customs, behaviors and business practices of
individuals and organizations from different parts of the world, to influence global success in the
marketplace. It is necessary that global leaders hone this skill as they “ require both business –
related and culture-related competencies to operate effectively on a global basis” (Terrell, 2010,
p.2).
There are five characteristics of an effective global leader, according to Goldsmith et al
(2003):
1. thinking globally
2. appreciating cultural diversity
3. developing technological savvy
4. building partnerships
References: Goldsmith, M., Greenberg, C., Robertson, A., & Hu-Chan, M. (2003). Global leadership:the next generation Javidan, M.(2011).Global mindset. Macguire graduate school of Management. Shapiro, D. L., Von Glinow M. A. Y., Cheng, J. L., & Hitt, M. A. (2005). Managing Multinational Teams: global perspective Sowell, T. (1994). AWorldview. In Race and culture: A worldview (pp. 1-31). Retrieved from: http://www.tsowell.com/spcultur.html Terrell, S. (2010) How global Leaders develop: a phenomenological study of global leadership development Van Dyne, L., Ang, S., Livermore, D. (2009). Cultural intelligence: a pathway for leading in a rapidly globalizing world Wilson, J.H. (2010). Closing the deal: influencing a decision in two cultures. Leadership Advance online