European Leadership in globalizationArticle by Philip Harris & Robert Moran

Presentation by Riada Ašimović

The main questions

Identifying Individual Competencies required to succeed in the global marketplace

Global customers and global tech.

change

Risk of volatile exchange rates

Competition for non-domestic organizations

12 environmental forces impacting on organizations and influencing change (in order for companies to “survive”)

New models of management systems…& …Global managers – who- how -

what?Today’s leaders are challenged to create new models of management systems managers must recognize the contribution of each individual to the effective whole

All companies have been forced to become more culturally sensitive and globally minded

Importance of international and intercultural education is huge because:

Knowledge in one’s domain ranks only fifth among 10 other factorsThe 2 highest rated factors: generic cognitive skills, social skills and personal traitsNon-academic training and experience as important as academic knowledge

(study includes AT&T, Motorola, Deloitte and Touche + Columbia Univ., Univ. of Chicago)

Key concepts for global leadership effectiveness of global managers and those working in multic. envts

Core concepts of culture

Peter Drucker - Management challenges for the 21st century

he addressed the stalls that delay organizational progress such as the old habits reinforced by tradition, unwillingness to address the new through disbelief, poor communications at all levels (he states the rules that you must follow to be a better communicator and be more effective), needless interactions fostering mindless bureaucracy, the temptation to procrastinate (standing still in front of a truck about to run you over is a mistake you will not repeat), avoiding the unattractive key issues of your organisation (he recommends doing the dirty jobs yourself for several weeks a year in order to understand how to improve), and failing to set high standards

the most important, and indeed the truly unique, contribution of management in the 20th century was the fifty-fold increase in the productivity of the 'manual worker' in manufacturing. The most important contribution management needs to make in the 21st century is similarly to increase the productivity of 'knowledge work' and the 'knowledge worker.' The most valuable assets of a 20th-century company were its production equipment. The most valuable asset of a 21st-century institution, whether business or nonbusiness, will be its knowledge workers and their productivity."

Thanks for your attention