Global Mindset Balances Seasonal Fluctuation

Question: Discuss about theGlobal Mindset for Balances Seasonal Fluctuation. Answer: Introduction The purpose of this essay summarizes the importance of a new perspective in leadership that is a global mindset. The different environment of different sovereign countries that have factors that are strange and foreign to the home environment of an organization, but it has the influence on the decision making of an organizations resource use, and capabilities are known as the global business environment. The global business is important because it acts as a backbone of the global economy (Caligiuria Tarique, 2012). It also gives an opportunity to grow outside the domestic market. It creates jobs, balances seasonal fluctuation, increases sales, and provides an array of products and services. For functioning effectively and efficiently, it is important that the companies operating globally understand the environment of the host country. And for that, a company needs a leader with a global mindset. It is necessary that a company operating globally has a leader who can work across multi ple cultures, understand what a hosting company can offer to the organization, and also attain the goals set by the organization in the global market (Cohen, 2010). Effective Global Leadership According to Caligiuri and Tarique the need of international corporations has been created by the global market (Caligiuria Tarique, 2012). Robert Steven says that it is due to globalization the need of leaders possessing global competencies has increased because of their ability to lead the organizations effectively (Terrell Rosenbusch, 2013). As per Stephen the development of global leadership should be according to the global business strategy (Cohen, 2010). Dennis adds to it that competencies of global leadership include personality traits, skills, and knowledge as well as behaviours (Cumberland, Herd, Alagaraja, Kerrick, 2016). Todays world is intercultural, interdependent, and interconnected. Many changes have taken place in the day to day operations for a leader. The expectations are also changed. Today an effective global leader should have an ability to perform outside his comfort zone. Then only it can integrate the complexity of the global business and lead in todays interconnected, interdependent, and intercultural workplace (Cumberland, Herd, Alagaraja, Kerrick, 2016).For being an effective leader one has to have the power to listen to others and understand what they want. There are few competencies that are expected to be in a global leader like overseas experience which demands the understanding of doing business in a flat world. A successful global leader excels in his cultural perspective and also learns the different contexts required to do business globally. Having deep self-awareness is also important for a global leader who helps in understanding the difference of beliefs between two countr ies. It also includes the toleration and adaptability of deep-seated beliefs of others that help in succeeding in the global business environment. Cultural diversity is the first thing a leader has to understand when meeting someone of the different culture. The leader should have an intense interest in the cultures and lives of other and increase the sensitivity towards the cultural diversity. One should always be ready to learn from others which will help him to understand new ways to fight difficulties, which can be related to business or life (Luzinski, 2014). A leader should show humility towards what are others want to share from their life experience. Lifelong curiosity to learn how the world is evolving will help a leader to grab new opportunities. Learning is important in all the aspects of life, and learning never ends. An effective leader follows the rule of cautious honesty in todays business environment, where he should tell the truth but only that much that is required by the other person. A global leader should have good negotiation skills as it is essential in doing business across the world. A global leader should be able to make his presence felt by others. This enhances his leadership effectiveness. If a global leader has the ability to converse in more than one language, then it adds brownie points to the leaders success. And finally, a global leader should have global strategic thinking which will help him in taking the best decision of his company keeping in mind the global requirement (Reis, 2011) Leadership competencies are not just in-born they can be acquired and developed as per the requirement of the organization internally and externally. If a lea.der has a strong motivation to achieve its target and the capability to achieve it than any leader can gain the competencies needed to be a global leader. A leader should be able to identify the competencies needed to be developed in him. Typically there are three levels of competencies required by the leader, and they are Personal Competencies which includes creativity, integrity, emotional balance, self-criticism, determination, and tenacity. The second competency is Interpersonal Competencies that consists of respect, delegation, charisma/engagement, and communication (Longo McMillan, 2015). The third level of competency is Business Competencies which includes negotiating skills, networking, resource management, and business vision. Once a leader identifies the competencies, he requires to work on he can polish it with lear ning and experience. For example, a multinational company is operating in a host country, India. The global leader working in the branch office lacks the competency of resource management. He can always take help of the experience he had with the head quarter office of finding resources and use it in the host countrys office (Segalà ¢Ã¢â€š ¬Ã‚ Horn, 1996). Due to the cultural difference, there may be some problems in finding proper resources, but an efficient leader never quits and learns to deal with the situation. Taking a local help can also help the leader to attain his goal in being successful in managing resources well. Leader working as his head can also help in sharing their experiences and teaching him new things about resource management. This way using the internal and the external business environment a leader can enhance the competency quality which he lacks (Mobley, Li, Wang, 2011). A companys vision showing global consistency requires an effective global leader. Though aims and goals are set locally but they are to be fulfilled in another country with different beliefs and culture. A global mindset will be able to provide a new competitive edge to the organization in the global market. Global leaders come from the same trade practices, but they take more responsibilities than a local leader. There are unlimited opportunities in the global market which is necessary to be identified and worked on. Thus, to survive in the global market experience outside the organization is very important (Reis, 2011). An example of the effectiveness of the global leadership is of a famous chain of fast-food restaurant McDonalds. McDonalds allows the host countries to design their own bags, buns, and business practices, to cater the local market. McDonalds would not have been able to manage the local market so effectively without this balanced approach. Summarizing, a global leade rship mindset is a skill or a quality to assume a global view of business and people rather than country specific, and apply this global perspective to a host country considering its cultures and beliefs (Safty, 2007). Conclusion A global leader is one step ahead of a local leader because it has more responsibilities to handle by taking in account the beliefs and culture of the host country. Today every organization is stepping outside its local boundaries and entering the global market where the threats, opportunities, strengths, and weaknesses are totally different from the local country. To survive the competition and diversities of culture and beliefs of the host country it is necessary to have competencies for handling such diversity. There are a number of competencies required to be a global leader which is not necessary to be in-born, leaders can work hard to achieve, and develop all the three levels of competencies required to be a successful global leader. In the end, it concludes that an outside experience is necessary for the global business environment. References Caligiuria, P. Tarique, I. (2012).Dynamic cross-cultural competencies and global leadership effectiveness.(4th ed., pp. Pages 612-622). New Jersy: Elsevier Inc. Cohen, S. (2010). Effective global leadership requires a global mindset: Industrial and Commercial Training: Vol 42, No 1.Industrial And Commercial Training. Retrieved from Cumberland, D., Herd, A., Alagaraja, M., Kerrick, S. (2016). Assessment and Development of Global Leadership Competencies in the Workplace: A Review of Literature.Advances In Developing Human Resources,18(3), 301-317. Longo, N. McMillan, J. (2015). 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