Development of Global Managers - Research Paper Example

Download file to see previous pages... The companies now need strategic capabilities in three major business areas including global scale efficiency, local responsiveness and capability of leveraging worldwide. The notion of global manager is not very new however it has got momentum is recent time when the business world all over globe are witnessing the transformational changed led by the technology advancements. The concept of global managers has evolved over the time with the expectation of fulfilment of these objectives however, it is also a fact that no single global manager could perform all of these tasks for a business and generally group of specialized managers is developed for the management of company matters worldwide (Steers, et al, 2010). . The development of global managers is an important issue for the companies operating internationally because the global managers are made and not born. The development of the global managers appears to be foremost question for the corporate managers because they have to assure that the right person has got the right training and capabilities to work at the right place for generating the desired results. The concept of global managers is not very new and since the development of the notion there is extensive research work conducted around the topic in order to explore the issue from various perspectives (Bartlett and Ghoshal 2003). It has been unveiled that mainly these used to be three types of global managers including business manager, country manager and functional manager. The global business or product division manager has the responsibility to build efficiency and competitiveness of the company all around the world by recognizing cross border opportunities and risks. The country managers work as building block for worldwide operations of the company by providing detailed understanding and interpretation of local markets and building local capabilities and resources. The third type of global manager is worldwide functional specialist that transfers the expertise from one unit to another and works for leverage learning, generation of good ideas and best business practice of the companies (Kediaa and Mukherji, 1999). Development of Global Managers – Current Issues The international business operations require constructing internationally competent workforces that must be comprise of the people having adequate information about the business. This requirement is also fulfilled by the global managers that are expected to be highly flexible and open minded. The building of such team is not a simple task and sometimes the companies take years to come up with the team of perfectly chosen global managers to organize their worldwide operations in adequate manner (Steers, et al, 2010). It is now impossible for the multinational companies to consult and reply upon single manager or specialist for effective management of their operations in any country because they must have team of global managers with multicultural experience so that they could recognize the cultural differences affecting the business activities and communication as well as working relationship within the company (McNally and Parry, 2000). Traditionally the businesses use to reply upon single country managers or expert for the management of the cross border business matters however, the increased trend of international business has changed the situation and the companies are required to give special attention towards allocation of management duties to competent ...Download file to see next pagesRead More