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Shaking the globe : courageous decision-making in a changing world PDF

259 Pages·2009·3.242 MB·English
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P1:OTA/XYZ P2:ABC fm JWBT019/McGarvie November14,2008 13:50 PrinterName:CourierWestford,Westford,MA SHAKING GLOBE THE http://avaxhome.ws/blogs/ChrisRedfield P1:OTA/XYZ P2:ABC fm JWBT019/McGarvie November14,2008 13:50 PrinterName:CourierWestford,Westford,MA P1:OTA/XYZ P2:ABC fm JWBT019/McGarvie November14,2008 13:50 PrinterName:CourierWestford,Westford,MA SHAKING GLOBE THE Courageous Decision-Making in a Changing World BLYTHE J. McGARVIE John Wiley & Sons, Inc. P1:OTA/XYZ P2:ABC fm JWBT019/McGarvie November14,2008 13:50 PrinterName:CourierWestford,Westford,MA Copyright(cid:1)C 2009byBlytheJ.McGarvie.Allrightsreserved. PublishedbyJohnWiley&Sons,Inc.,Hoboken,NewJersey. PublishedsimultaneouslyinCanada. Nopartofthispublicationmaybereproduced,storedinaretrievalsystem,ortransmittedin anyformorbyanymeans,electronic,mechanical,photocopying,recording,scanning,or otherwise,exceptaspermittedunderSection107or108ofthe1976UnitedStatesCopyright Act,withouteitherthepriorwrittenpermissionofthePublisher,orauthorizationthrough paymentoftheappropriateper-copyfeetotheCopyrightClearanceCenter,Inc.,222 RosewoodDrive,Danvers,MA01923,(978)750-8400,fax(978)646-8600,oronthewebat www.copyright.com.RequeststothePublisherforpermissionshouldbeaddressedtothe PermissionsDepartment,JohnWiley&Sons,Inc.,111RiverStreet,Hoboken,NJ07030, (201)748-6011,fax(201)748-6008,oronlineathttp://www.wiley.com/go/permissions. LimitofLiability/DisclaimerofWarranty:Whilethepublisherandauthorhaveusedtheir besteffortsinpreparingthisbook,theymakenorepresentationsorwarrantieswithrespect totheaccuracyorcompletenessofthecontentsofthisbookandspecificallydisclaimany impliedwarrantiesofmerchantabilityorfitnessforaparticularpurpose.Nowarrantymay becreatedorextendedbysalesrepresentativesorwrittensalesmaterials.Theadviceand strategiescontainedhereinmaynotbesuitableforyoursituation.Youshouldconsultwitha professionalwhereappropriate.Neitherthepublishernorauthorshallbeliableforanyloss ofprofitoranyothercommercialdamages,includingbutnotlimitedtospecial,incidental, consequential,orotherdamages. Forgeneralinformationonourotherproductsandservicesorfortechnicalsupport,please contactourCustomerCareDepartmentwithintheUnitedStatesat(800)762-2974,outside theUnitedStatesat(317)572-3993orfax(317)572-4002. Wileyalsopublishesitsbooksinavarietyofelectronicformats.Somecontentthatappears inprintmaynotbeavailableinelectronicbooks.FormoreinformationaboutWiley products,visitourwebsiteatwww.wiley.com. LibraryofCongressCataloging-in-PublicationData: McGarvie,BlytheJ. Shakingtheglobe:courageousdecision-makinginachangingworld/BlytheJ.McGarvie. p.cm. Includesbibliographicalreferencesandindex. ISBN978-0-470-41157-5(cloth) 1.Internationaltrade. 2.Internationalbusinessenterprises. 3.Internationaleconomic relations. I.Title. HF1379.M432009 658(cid:2).049—dc22 2008038663 PrintedintheUnitedStatesofAmerica. 10 9 8 7 6 5 4 3 2 1 P1:OTA/XYZ P2:ABC fm JWBT019/McGarvie November14,2008 13:50 PrinterName:CourierWestford,Westford,MA WithgratitudetoMark,Brian,Cindy,andK.C.who sharedmyexpatriateexperienceandcontinuetoshake myquotidianandextraordinarylife. P1:OTA/XYZ P2:ABC fm JWBT019/McGarvie November14,2008 13:50 PrinterName:CourierWestford,Westford,MA P1:OTA/XYZ P2:ABC fm JWBT019/McGarvie November14,2008 13:50 PrinterName:CourierWestford,Westford,MA Contents ListofFigures xi ListofTables xiii ForewordbyRobertKraft xv Prologue The Globe is Shaking xvii WhyGoGlobalNow? xix TheJourneyAhead xxii Part I Preparing for an Adventure Chapter 1 Today’s Interconnected Globe 3 BacktotheFuture 4 BringingDowntheWalls 7 FiveFactorsThatShaketheMulti-PolarWorld 13 KeyPointstoConsider 18 Chapter 2 Financial Realities 19 RealitiesofSupplyandDemand 19 RealitiesofIncreasedVolatilityandInflation 24 NewRealitiesofFinancialReporting 28 vii P1:OTA/XYZ P2:ABC fm JWBT019/McGarvie November14,2008 13:50 PrinterName:CourierWestford,Westford,MA viii CONTENTS NewRealitiesoftheGlobalEnterprise 32 KeyPointstoConsider 37 Chapter 3 Four Types of Leaders 39 CourageousLeadershipinAction 40 CourageQuotient 42 BuildingBlocksofCourage 53 KeyPointstoConsider 57 Part II Connecting the World in Six Stops Chapter 4 Cultural Norms 61 MyAwakening 63 OpportunityIsNow 65 NewSourcesofOpportunity 66 NewSourcesofCapital 66 NewSourcesofTalent 67 GuidestotheMulti-PolarWorld 69 SnapshotoftheFuture 82 KeyPointstoConsider 83 Chapter 5 Winning the Battle for Talent 85 Today’sWorkforce 90 TheGlobalGeneration 91 ConnectingandEngaging 93 Intimate,YetIsolated 101 InspiringaCause 103 KeyPointstoConsider 106 Chapter 6 Women Working 107 UntappedResources 110 EducatingWomentoFuelEconomicGrowth 113 ChoicesforWomenAroundtheWorld 116 OpentheDoorstoOpportunity 117 BuildingGlobalCapabilities 119 WhatIsMeasuredHappens 122 ImpactofWomenBoardMembersandExecutives 124 NurturingFutureGlobalLeaders 125 KeyPointstoConsider 128 P1:OTA/XYZ P2:ABC fm JWBT019/McGarvie November14,2008 13:50 PrinterName:CourierWestford,Westford,MA Contents ix Chapter 7 Shareholder Interests 129 What’stheFussaboutGlobalization? 132 OvercomingNewTensions 136 RoleofStateCapitalism 138 EmergingMarketMultinationalsGoGlobal 139 InstitutionalFunds 146 VenturingAhead 147 KeyPointstoConsider 150 Chapter 8 Entrepreneurs from A to Z 151 DisaggregationLeadstoInnovation 154 IdentifyingNewOpportunities 159 AccessingHumanCapital 163 BreedingEntrepreneurs 169 BulldozingBarriers 170 UrgentNeedtoAct 174 KeyPointstoConsider 176 Chapter 9 Values and Global Context 177 FrameworkforCulturalValues 180 SocietalValuesandEmployerBrands 189 ContextofValuesforCourageousLeadership 195 RemainingTruetoYourself 198 KeyPointstoConsider 199 Epilogue Continuing Your Journey to New Horizons 201 Acknowledgments 207 Notes 209 Index 227

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