Show- Global Business with Mahesh Joshi
Voice America Show, August 17th, 2016
Host- Mahesh Joshi
Guests- SantoshMathilakath and Michael GrojeanPh.D
Today in a world of globally interconnected companies, multiple emerging companies and multinational companies grooming the right leaders to successfully lead an organization is a very important aspect. Usually, leaders groomed at the organization’s parent headquarters are sent out to lead. Is this the right strategy undertaken to develop global leaders?
Particularly in boards and senior management areas leadership qualities must reflect the economies, the customers, the markets they serve and also the teams they lead. This is necessary especially in the case of young organizations that are growing globally. Most companies are equipped with teams that are made up of people from their own culture that is built on a trust basis, which is very hard for them to give up. This puts the organization in a very risky position when its chances of expansion into other countries are very high. Unfortunately, most companies are incapable of quickly expanding their leadership team to meet the needs of the economy, customers, and markets and so on of the countries their organization serves.
Mature organizations that are highly successful must have leadership teams that excel and serve with ease their markets and lead their team successfully. Organizations usually comprise of teams with members from places where it originated. Their teams are built on trust and understanding of members of the same society. The cultural expectations of each society vary. Organizations culture reflects the country where they are born when they have teams comprising of members from the location of their parent organization but with time they get more international. Global Leaders must be developed and this doesn’t occur often because the comfort of the same culture is present in the scenario.
When Organizations matures they have teams that are more adaptive. A diverse team makes a good team. Diverse leadership teams are the best because they have a more holistic approach to management and otherwise. The workforce in Multinational Companies is made up of multinational people. Leadership is mainly made up of 3 Components and they are:
- Helping the team and individuals to bring out their capabilities and skills
- Giving others motivation and energy
- Creating a space where the members can be successful
Societal variants differ from nation to nation and global leaders who can adjust and adapt to cultural differences get the best out of their members. Diversity is an important factor in leadership teams. Diversity is perspective and multiple perspectives can help you find unique solutions.
Digital Era and Global Business Leaders – In the present day and time the economies are globally interconnected and the whole world is moving from the industrial era to the digital era. However, even though the present generation’s way of communication has changed and has the ability to connect better, we fail to communicate well across boundaries. Leadership is designed to maximize the growth of the organization. The heart of all organizations with high performances is trust, respect, and communication. Trust and respect are built through communication. These factors cannot be attained without strong communication and this is an issue in this digital age because our communication is mostly through digital means more than verbal personal communication. We often use digital means to distance ourselves from the issue instead of addressing it properly. The Digital Era is of great help but we must make strong norms that can avoid the risks caused by the digital age and not let it undermine our organizations and our achievements.
The traits every global business leader must possess is challenging compared to yester years. Being savvy in terms of culture, politics and interpersonal relationships is the key. One must work hard to achieve a set of high-level skills as the competition and responsibilities have increased with time. With set conditions, set expectations and the freedom to lead in a way appropriate to them can help leaders thrive.