According to the Conference Board the global economy will slow in key markets such as Europe and Japan and U.S. companies will struggle with exports to China and mature economies around the world. Yet, for many, doing business globally remains a primary source of revenue and a major goal in 2019. Few are naive about the challenges involved in going global in today’s environment. But expanding the local-global connection will be a 2019 goal for many businesses, leaders, and employees. Here’s what they will need to consider.
Here’s what teenage global leaders-in-training had to say when asked what a young global leader should know. The words of wisdom come from high school and middle school students participating in the American Diversity Report Youth Global Leadership Class. Enjoy their timeless advice and then read what leadership experts said about preparing the upcoming generation of leaders.
Cross Cultural Expertise is the marketing leadership tool of a future that’s coming for us like a high speed train. While that train may go through tunnels and across challenging terrain with a new administration, technology is shrinking our world and that train is gathering speed. Our workforce, our suppliers, and, above all, our marketing professionals need the skill set of cross-cultural communication, cultural competence, conflict management, and problem solving. They are the fuel to compete in the future and without them, the train may miss its target destination and risk derailment.
Expats Chattanooga Style
The attendees at the International Business Council (IBC) of the Chattanooga Area Chamber of Commerce were a diverse mix of nationalities, professions, expats, and industries. The annual meeting of the IBC, the Chamber’s newest council, attracted students, family members, colleagues, and executives. The diverse crowd illustrated the broad participation in Chattanooga’s national and international booming growth. (Photo by Suzanne Ocsai)
Chattanooga’s Lean In Chapter began its exploration of global leadership where leadership begins: self-awareness. Why is self-awareness the integral ingredient to real leadership? These Women Groundbreakers answered that question with the energy and passion of people who have “been there – done that.” They shared stories of how you have to know yourself, strengths, weaknesses, values, before you can lead others. Knowing what drives you and feeds your soul gives you the ability to overcome your weaknesses and challenges. Understanding your roots gives awareness to and appreciation of other cultures. Self-awareness begins a process of growth which leads to change which should ultimately extend out to help others.
Doing business today requires a global mindset as we increasingly interact with customers, vendors, employees, and colleagues from many countries and multiple cultures. Key strategies for developing that mindset are shared by colleagues at the Institute for Cross Cultural Management (ICCM) at the Florida Institute of Technology. Curtis Curry shows us how to build cultural competence and Dr. Richard Griffith looks at how you should tweak your Best Practices. Their articles in the American Diversity Report give us how-to advice on how to successfully participate in the global economy.
Tennessee is home to hundreds of international companies worth billions of dollars. Chattanooga, the smallest of Tennessee’s four major cities, is the site of the only Volkswagen plant in the United States. VW is not the only German company in our area, but its arrival made cultural competence a high priority. German companies orient their executives to Southern culture, energizing Chattanooga’s globalization and investment in cross-cultural training.
A diverse group of leaders recently came together in Chattanooga to discuss the United States’ International Affairs Budget. The speakers were an unusual combination of representatives of the U.S. military, the U.S. Global Leadership Coalition (USGLC), and the Tennessee Chamber of Commerce. They mingled with us attendees from corporate, government, education, and nonprofit organizations. Given the tumultuous events around the globe, we were more than curious to hear what they had to say.
Cross Cultural is now a common professional term. On a historical note, the term ‘cross cultural’ originated in 1970 for the professional world. This was in response to the age of globalization which produced a demand for cross-cultural awareness in various commercial & professional sectors.