Moving and leading forward within a Global Workplace
The “global economy” is a phrase which has become trite within the business arena. The phrase is used to describe the how national economies are globally entwined. The most obvious example of this is the direct impact of one nation’s economy such as, Europe’s against another such as, the United States or vice versa. This is not a new phenomenon; however, the rapid improvement in innovations, technologies, and knowledge management demonstrates a more obvious and immediate correlation between economies. Such correlations suggest it is vital for organizations to operate more efficiently and effectively to compete in the global marketplace.
Be it an organization which operates from Albany, New York or one, which operates from Albany, Georgia; be it on a small or large scale most should find ways to attract, to retain and to develop their human talent to move and lead forward within a global workplace. According to Dewhurst, Pettigrew, Srinivasan, and Choudhary (2012) companies which cannot attract, retain, and motivate future leaders will find it difficult to achieve global ambitions. In attracting individuals who have the knowledge, skills, and abilities to support global organizations, it is equally important for leaders to provide appropriates tools, technologies and resources to prepare and sustain changes necessary to support a global organization.
For continuous improvements and transition into a more globalized economy, some businesses have incorporated strategies to ensure that they are moving and leading forward with a competitive edge, and then there are others who have failed to recognize the benefits of investing into its human talent, technologies and knowledge management to assist and sustain growth. In 2010, Hughes and Schmidtke acknowledges the entire organization be obligated to the responding to change which occurs within the global economy and value learning to remain competitive. One thing for certain, regardless of an organization’s size or its location this is a process which must start with its leaders and its stakeholders.
Dewhurst, M., Pettigrew, M., Srinivasan, P., & Choudhary, V., (2012). How multinationals can attract the talent they need. Mckinsey Quarterly, (3), 92-99.
Hughes, C., & Schmidtke, C., (2010). Meeting Organizational Global Challenges through Training. ATEA Journal, 38(1), 18-21