Managing With A Global Mindset

"Regardless of the size of a company's operation, its location, or its role in the business system, the global imperative needs to be accommodated or the enterprise risks a decline in competitiveness."

"Companies which find themselves engulfed by extensive global pressures need to acquire a large pool of executives who possess a global mindset and who are able to view business opportunities from a global perspective."

"These drivers, present to a varying degree in different parts of the world, push the world economy into a global and integrated system."

"For successful business leaders, it will become an imperative to move out of their domestic mindsets into a more internationalized, or even globalized type of thinking."

"Among customers, globalization can occur at three different levels: customer need, customer benefit, and product features."

"Competition is a potent force requiring globalization. The principal question to ask in assessing competitive logic is: "Are we meeting the same competitors around the world?""

"The global chessboard is a set of market opportunities where each country is represented as a square."

"The question to be answered here is: "Where does a particular trend typically start?" or "Will this new development actually become an isolated event or is going to be typical for other markets?""

"Conventional wisdom has it that a company will migrate from the domestic to international, to multinational, and eventually to a global strategy."

"Rather than asking 'Should we adopt a global strategy?' companies should ask themselves 'Which global strategy is best for us?'"

"Global product strategies offer a particular challenge to companies since they require firms to offer largely similar products across the world."

"Few companies are positioned to take advantage of the full global opportunities."

"For businesses implementing any form of global strategy, it is of crucial importance to have a proper mandate that is in accordance with the chosen generic global strategy."

"Clearly, global mindsets have to become exposed to data about the world that are not only country specific, but also global in nature."

"Providing managers with experiences outside their own home turf has been tried by most international firms."