The Challenges Of A Global Mindset

1274 WordsMar 5, 20166 Pages
To help solve or work through some of the challenges in conducting business globally, organizations have an increasing need for their leadership to possess characteristics of a global mindset, because of the global economy and the expanding global workforce. “Global Mindset is having a vision in the global region that you will be doing business and understanding what it will take to succeed” (Cabrera, A. & Unruh, G., 2012, p. 23). Leaders who have the characteristics of a global mindset will have greater success in working with suppliers, partners, and colleagues across the globe; there are challenges in doing business globally, and the consequences may prevent global expansion or have financial implications. The qualities and characteristics that it takes to have a global mindset are developed over time. Garvin Distinguished Professor and Director of Najafi Global Mindset Institute at Thunderbird School of Global Management at Arizona State University, Mansour Javidan, Ph.D. (2010), believes that in order to have a global mindset, leaders need to have the following: intellectual capital, psychological capital, and social capital. Colleagues of Javidan, Angel Cabrera, president, and Gregory Unruh, professor, expand on what it means to have these three capital components of a global mindset in their book Being Global: How to Think, Act, and Lead in Transformed World. Intellectual capital includes the ability to be able to analyze, interpret, use sound judgement, and
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