Global Mindset Portfolio - Assignment Example

Abstract The paper pertains to global Mindset Portfolio and explains individual experiences and competencies related to Global Mindset. This assignment is regarding the business global mindset and its requirements. First, I would like to introduce myself. My name is ___________________ and I am from _____________. My father is the Vice-President of finance in an international corporation. Due to his job, he has traveled all over the world with his family that consists of my mother, my sister and me. After four years of my parent’s marriage, I was born in New York. However, when I was 1 years old, my father was posted in China, and we went there with him. I stayed and studied in International school in China for 13 years. Due to my background, I am always interested in Global Business since my formative years. After completion of high school, I took admission in Business school. Naturally, my specialization is international Finance. As my father is working in finance department, I have had the good opportunities of meeting many businessmen, who own their companies, whether they are domestic or international. As my ambition was to work within this field, I used my connections with these people and consulted them with a view to prepare myself for this career. I spent my summers working with them as assistant, and it was a very rewarding experience for me.  I believe that I have most of the qualities, such as Global intellectual, psychological and social capital that is required for Global Mind Set. Global Intellectual capital can be broadly described as the cognitive component of the global mindset and competency regarding ability as well as knowledge regarding business process, international business and cultural underpinning of various countries. This capital also reflects the cosmopolitan outlook, cognitive complexity and global business savvy (Mansour). When I made the decision regarding my career, I focused myself upon the things that will enable me to achieve success in my chosen career. During my semester, I started reading books and magazines about various topics such as international business, culture and lifestyle of different companies and books upon etiquettes in business and social settings. As I have lived in various countries such as USA, China and other countries during my life, I believe that I have acquired the cosmopolitan outlook during these stays. In addition to that, I believe that I have cognitive complexity regarding quick grasping of any issue and thinking out of box ability that will help me in my career. Global Psychological capital can be broadly defined as value and motivation of any person as well as his willingness to savor and succeed in any international setting. This term primarily, refers to self-assurance of any person, his readiness for adventure and passion for diversity (Javidan). I have all these qualities in abundance due to my personal background. When I was small and my father was posted in China, we used to spend our vacations visiting different parts of Asia. Today, also I try to fit in a trip during vacations. In addition to that, I have been inspired by my education and course to make a try for understanding other cultures. My friends in University belong to different cultures, so I constantly get lot of exposure to their culture.  Global social capital is an important part of global mind set as it represents the behavioral component in this theory. This term can be broadly defined as the ability of interaction of different cultures all over the world and building of trusting relationships (Mansour). As I stayed in China for 13 years, from my childhood, I have learned to accept and respect different aspects of other cultures in my life. In addition to that, I have a lot of friends with different cultural backgrounds with whom I have good relationship. My esteemed college organizes seminars, workshops and other academic programs, for which they invite several distinguished guest speakers and visiting faculties. As I am on welcoming committee, I get good opportunities to connect with them. After our acquaintance, I connect with them on various social networking sites such as LinkedIn and keep in touch with them. For further education, I also attend various outside class events in city that covers the global business issues. One of such events was organized by Pepsi, where Indra Krishnamurthy Nooyi, the Pepsi CEO and current chairperson presided over the gathering. She touched various current issues in the global market today, such as the importance of diversity, innovation in ideas and vision of future. I was very much affected by her speech, and I am sure that it will continue to inspire me during my career.  To develop more understanding regarding the big picture of global business, I have seen many segments of Global Business Programs and have read various best-selling international Publications. I have been watching finance programs on TV, since my childhood with my dad. I fully understand the importance of financial services in reference to international business due to these programs on TV and any other mediums. Today, also I keep abreast with these programs in my spare time from the studies regularly in an effort to understand the big picture.  In my spare time, I also like to browse global publications that are newly published in the market for books about management and international finance. These books offer extensive information and analysis about the existing situation in market and future predictions. Some famous books include “The world is Flat” and “Redefining Global Strategy”. Friedman emphasizes the importance of technological and political advances in staying connected with people all over the world and its importance in increasing the trade as well as the business (Friedman. Ghemawat reasserts the importance of understanding different cultures of various countries and its benefits in expansion of company business (Ghemawat). The importance of these two books in understanding of current international business cannot be under estimated at any time. For me, these books are invaluable as they offer me information about ground reality in international business when I join the workforce after completion of my education. The detailed analysis offered by both TV channels as well as international publications will also enable me to get successful in interviews. Presently, these activities are also helping me to understand various theories as I am studying the course. I have studied many current topics during the class sessions in depth such as global expansion, emerging markets all over the world and global forces. Due to these studies, I have understood the main reasons behind the success of new companies in emerging markets the various stages of any company from its start to the maturity in the market. As my specialization is in International Finance, I need to understand the financial dynamics behind the success or failure any company into the market.  I am fully satisfied with the course as the syllabus of the course has been designed as the requirements of current and future requirements of international finance. I am influenced with one of the guest speakers, Eric Anderson, who is also a very successful and innovative entrepreneur. In his lecture, he made us understand, how the cultural and political situation of any country can affect business with any company into the market. I have attached the power point presentation, Sinophobia: The Huawei Story regarding this issue (National Intelligence University).  As a result of this exercise, the main thing that I have understood is the effect of culture, political situation and technological advances on international business and finance. The overall course experience has been awesome that has changed my thinking to a great extent. I have studied many current topics in depth and have just started to understand inner working of any international corporation. I know that when I pick-up any business newspaper or magazine to read after this experience, I will always look for deeper meanings within the published articles.  With this course, I have studied hard during the class sessions, attended many workshops and seminars and enjoyed many events such as lectures of visiting faculties and many outside events of business corporations. As I have made the decision to join International Finance, I will be using everything I learned during these years as an input for my success in future career and growth (BCG).  I joined the class when I checked the syllabus of the course last year, as I intend to join International Finance after completion of my education. The semester was an amazing experience through the study of contemporary international business. The course offered an opportunity to meet and hear different distinguished personalities in business today in diverse events such as workshops, seminars and lecture. The faculty of the course was well-informed and offered comprehensive information to the class. In all this class was a useful experience during my quest for my goals in life.  References                         BCG. Redefining Global Competitive Dynamics, 2014 BCG Global Challengers. Web. http://www.iberglobal.com/files/global_challengers_bcg.pdf [Accessed 30th April, 2015]. 2015. Friedman Thomas L. The World is Flat: A Brief History of the Globalized World in the Twenty-first Century. Allan Lane. 2005 Ghemawat Pankaj. Redefining Global Strategy: Crossing Borders in a World: Where Differences Still Matter, 1 Edition, Harvard Business Review Press. 2007. Mansour, Javidan. Developing Your Global Mindset: The Handbook for Successful Global Leaders. Edition, Beaver’s Pond Press. 2013. National Intelligence University. Sinophobia: The Huawei Story (PowerPoint Slides) Presentation at National Intelligence University. 2015. Smith Robert H. Global Mindsets (PowerPoint Slides) Presented at a lecture at School of Business, University of Maryland. 2010. Read More