Leadership in the International Marketplace May 24, 2010 Abstract Caterpillar – the maker of earthmoving equipment such as bulldozers, along with excavators, graders and monster mining trucks – reported first quarter profits of 55 cents a share, up from a loss of 19 cents a share a year ago. The back-story of what they did, how they did it and most importantly – what they envisioned and changed a year ago – is the basis of this paper. This discussion will encompass the aspect of approaching and collaborating with developing countries and markets, and the role of rebalancing the global economy. Finally, this paper will provide a recommendation to address the current state of a recessionary U.S. market. …show more content…
This would include lower labor or distribution costs (Suranovic, 2007). CAT saw their improvement stem heavily from surging demand in developing countries. The domestic market has all but evaporated; one can buy a ‘gently used’ bulldozer now for pennies on the dollar, so there is no market for new equipment. The European market is sluggish as well, but the Asian market skyrocketed by 40 percent and Latin American markets rose by 7 percent (Caterpillar, 2010). Working partnerships across national boundaries and increasingly across industries are referred to as Global Strategic Alliances. Strategic alliances can also be formed between a company and a foreign government, or between companies and governments (Deresky, 2008). CAT has developed such partnerships and relationships with India, China, Brazil and a number of large and developing countries. However, such alliances do not come without criticism. Dislocating residents in India, mowing down the Amazon in Brazil and developing centuries-old farmland in Chine do not always garner support and harmony. There is a social ransom to be paid, which is the price paid for getting straight with the public (Alter, 2010). For CAT, that is to invest in the local society through education, infrastructure improvements and technological support (Caterpillar, 2010). Deresky (2008) refers to this as corporate social responsibility, where the corporation must balance the benefits
Caterpillar is an American success story that produces iconic industrial machines but is also a member of the corporate profit sifting club. It has transferred billions of dollars offshore to avoid paying US taxes. Headquarter in Peoria, IL Caterpillar designs and builds a wide range of heavy construction equipment, power generators, and engines assembling most of them here in the US. On worksites around the world its bright yellow machines are symbols of US manufacturing excellences. Its revenues exceeded $120 billion dollars over the last hand full of years. In addition to manufacturing machines Caterpillar operates a lucrative replacement parts business selling Caterpillar branded parts to customers around the world. It is this aspect
In the changing business environment, leaders of all organisations may face unprecedented uncertainty, especially the technology advancement and changes among the employees. To survive and succeed, leaders should have some necessary attributes. Meanwhile, some changes for leadership skills have to be made to confront the challenges.
My leadership philosophy stems from my experience in the Army. As a leader, I believe in honesty, commitment, and respect for others. All responsibilities should be carried out in a timely manner. My main priority is the well-being of my Soldiers. My Soldiers can expect me a leader that is caring, dedicated, and upholds the standards.
The belief of leadership is constantly changing, with many theories and frameworks available. Today’s organizations face ever-increasing change, which includes increased patient demands and work needs, which requires a more adaptive flexible leadership that is becoming increasingly important in the 21st century. Leadership theory and philosophy can be divided into several well-known styles. Within this paper, we will discuss the basis of autocratic, democratic, laissez faire, servant, charismatic, transformational, and situational styles of leadership within the nursing profession, then conclude the writer’s personal philosophies of leadership.
My Leadership Philosophy consist of three major parts that can be sub-divided into many smaller parts. As a Non-Commissioned Officer I know that the mission and the welfare of my Soldiers are my main priority and I will instill that. It is my responsibility to ensure that my Soldiers are also guided to success. I believe that there are three major parts of Leadership, dedication and hard work, honesty and empathy, and confidence.
My leadership philosophy is founded on trust, integrity, open communication, proactivity, and purpose. This view will enable you to understand my values and expectations as your leader. Trust and integrity: Integrity is paramount in building trust between individuals and teams. I believe that for faith to thrive within the organization, culture of integrity, openness and honesty should be cultivated and maintained. As a leader, I intend to earn your respect and trust by being a person of good character, hardworking, honest, and decisive.
I base my leadership philosophy as a professional and a non-commissioned officer on having many leaders of varying quality through my career, but most were far from ideal. Above all else, I believe in the idea of “Soldiers first, mission always.” I lead from the front, and I also believe that effective communication is essential to quality leadership. These core beliefs drive me as an individual, contribute to my effectiveness to train and lead Soldiers, and underscore my expectations of my peers and seniors. Soldiers are our most important tool to fight and win in an ever-changing environment.
My definition of leadership is, “Leadership is the art of providing challenges, opportunities and direction to others in an effort to motivate them towards providing sustainable solutions or completing pre-determined objectives or tasks. My positive Leadership influences during my Coast Guard career include a Damage Control Chief, who provided countless challenging opportunities, a Boatswain Mate Chief who went out his way to recognize exceptional work as well as requiring the correction of sub par work, a Telephone Technician Chief and two Electronics Warrant Officers for providing limited direction, and all previously mentioned members for allowing me to practice leadership as I have defined it above.
Which is cost difference determines the patterns of international trade. Absolute advantage is trade benefits when each country is at least cost producer of one of the goods being traded. In the 1800s, David Ricardo developed the theory of comparative advantage to measure gains from trades. This theory is based on comparative advantage and it states each nation should specialize in production of those goods for which its relatively more efficient with a lower opportunity cost.
An ongoing shift in global economic activity from developed to developing economies, accompanied by growth in the number of consumers in emerging markets, are the global developments that executives around the world view as the most important for business and the most positive for their own companies' profits over the next five years (Borg, 2015).
In corporate America the term used to describe a person in a position of power is “Manager”. A leader can be a manager, but a manager is not necessarily a leader. Leaders motivate, challenge, and influence others to achieve goals. Great leaders have the necessary skills and attributes which allow them to connect with the team and organization. Being a leader is not the same as managing an organization. Leader’s posses the interpersonal skills needed to influence others to achieve a goal willingly. Leading is a major part of a manager’s job. Leaders do not need to be a manager to lead people, but managers must know how to lead as well as manage.
Strategic Leadership The only thing harder than being a strategic leader is trying to define the entire scope of strategic leadership a broad, difficult concept. We cannot always define it or describe it in every detail, but we recognize it in action. This type of leadership involves microscopic perceptions and macroscopic expectations.
In this topic we talk about many different forms of leadership and how it can affect relations between the corporate leadership entities and union leadership. Most often we see or read about in the news the break down between negotiations between the corporate leaders and the union leaders causing production to come to a halt while items are being negotiated.
One of the topics in organizational development today is leadership. Leadership is what individuals do to mobilize other people in organizations and communities. According to Kouzes & Posner, there are five practices and ten commitments of exemplary leadership. The five practices of exemplary leadership include: Model the way, inspire a shared vision, challenge the process, enable others to act, and encourage the heart. In the Leadership Challenge, Kouzes and Posner found similar patterns and actions of leadership that created the essentials to achieve success. Utilizing the research conducted by Jim Kouzes and Barry Posner, I have created a leadership plan that would apply to the Admission Department at Texas Wesleyan University.
"Globalization, both as an ideology and process, has become the dominant political, economical and cultural force in the 21st century." Quote from "Globalism: The New Market Ideology" by Manfred D.Steger Merriam-Webster defines globalization as “the act or process of globalizing: the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor market.” Before the recent increase in globalization, organizations usually considered their customer base and market to be their country of origin, however with the rapid spread of diversity,