Chapter 3, Problem 1OTJVC

Summary Introduction

To Explain:

What evidence do you see of a global mind-set in these managers? List at least three examples of global thinking provided in the video?

Introduction:

The managers of today's business organization should have the capabilities of global thinking and on the basis of that, making critical decisions for the company. Global mind-set can be defined as the behavioral trait of thinking in a perspective that world is a village.

Answer to Problem 1OTJVC

Solution:

Global mind-set can be defined as the behavioral trait of thinking in a perspective that world is your home. It is the process of making crucial and critical decisions by enlarging the area of one's thinking on the basis of what is going on, at the global level. It can be assumed as the process of doing business internationally, setting up communication with the global market players, making relationship and understanding better with the global companies to make growth at the global level etc.

Explanation of Solution

The managers of today's business organization should have the capabilities of global thinking and based on that, making critical decisions for the company. These days the managerial practices are not limited to traditional methods but these are inspired from global changing trends. First of all, one can see global intellectual capital skills in these managers. This is the evidence that managers are working on global mind-set. Intellectual capital means the managers are focusing on the process of learning and collecting knowledge regarding the business organization in such a manner that it can include the idea of global expansion of the company. For this managers are recruiting personnel around the world and are trying to develop a global work culture which can accommodate the need of global requirement. It also includes having the information regarding the global changing trends and global competition against which the company has to survive. The second evidence focuses on the practice of psychological capital. It means focusing on the global changing trends and on the basis of that, developing diverse abilities to become adaptive for the change. It also includes the ability of willingness to try new challenging things to explore the various global dimension of the business.

The third evidence one can see of global mind-set in managers is the intercultural or social capital. Managers are intelligent enough to understand that in the global scenario, for the business expansion and growth process it is very important to know about the other work cultures and business environments so that through interaction and sharing of information, global relationships can be established. These global mind-set practices developed by the managers would definitely empower a business globally.