Thursday, June 26, 2008

The Challenges of Leadership in a Global Marketplace - Part 1

Leadership in a competitive marketplace is extremely challenging. You must always be scanning the horizon, looking for the next critical trend, while still paying attention to the here and now. The challenge increases in difficulty exponentially when your marketplace is not only competitive, but global as well.
Dealing with cultural differences Many leaders struggle to deal with cultural differences in their global workforce. As companies branch out and take advantage of opportunities in other countries, the leaders of those companies must maintain their profitability and competitive edge while understanding and accommodating cultural differences.
An increasingly popular way of dealing with cultural differences is to send managers and company leaders on a work rotation to the country where the workforce lives. It is an eye-opening experience for leaders and employees alike to spend an extended period of time getting to know each other and learning to work effectively together.

End of Part 1



Posted By Leadership On The Move on June 26, 2008 at 1:45PM

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