Global Business Culture

Definition:

 Global business culture:

Is the who, what, where, why, and how a business will operate and manage its business operations in various parts of the world; and how will the business operation be integrated into the local culture.

Summary:

In an article appearing in Bloomburg Businessweek, Mr. Turley found four principles which he believes leaders in the globalized business world need to focus on: Get the Mindset, Nurture a spectrum of talent, Anticipate the next big thing, and Consensus is not always desirable.  What Mr. Turley believes is that in order for innovation to take place there needs to be new ideas, new thinking and new ways of looking at the world. The common thread between his ideas is diverse perspectives. 

It can’t be business as usual as we develop a new global mindset. In order to capitalize on cultural diversity and encourage innovation; leadership needs to bring about a full range of attributes, which include culture, education, skills, personality, and life experiences. Business leaders need to learn from the mistakes of the past and use this information to build the future; such a diverse team of talent requires careful hands on management. Mr. Turley believes the performance of a global business is dependent on how successful the various cultural factors can be integrated and leveraged to solve problems and find new solutions.

Discussion:

The Global business culture requires management which is going to be hands on and be an integral part of a company’s expansion into a global market. A company needs to have knowledgeable local talent, in addition to talent familiar with the company’s product, the long term expansion and financial viability of the organization. A business operating in a global culture needs to be able to think locally but focus globally. The people at the corporate headquarters, need to be able to trust and listen to the people they have entrusted to operate at the local level. By...