While a number of issues that are identified with expanding globally, there are opportunities to nail a global expansion. The potential for a successful growth opportunity presents itself in the planning processes. Beginning with the opportunity for co-created strategic plans. Global locations partnering with the headquartered office to create strategies with a greater global perspective. This application would also address alignment issues between the two partners. They both have a vested interest. Two linked enhancements to this approach are incorporating a professional facilitator. They can guide this process to ensure a balance of strategy and idea generation. The associated enhancement is creating an open-source mechanism within the organization. This will openly share feedback and ideas across boundaries with rapid speed.
The second prime opportunity for enhancing global operations is applying the agile project methodology. The iterative nature of the methodology can create an environment of repeatable, open communication that ensures alignment of priorities and accountability of accomplishments. This leads to real-time self-assessment of progress, issues, and opportunities that could position an organization with the flexibility to successfully adapt to emerging markets.
Lastly, is the opportunity for the continued development of organizational global leaders. With expanding influence into foreign markets, the need presents itself for savvy leaders to conform to the cultures they are in and to learn how to capitalize on that gained knowledge. This can also be a cross-learning experience by developing foreign leaders into organizational global leaders further expanding the cultural depth of the organization. This greater organizational perspective potentially increases the organization’s competitive advantage not only in its foreign environments but in domestic markets as well.
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