Human Resources and Global Accounting Standards

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What characteristics make good/effective global managers? What characteristics make bad/ineffective global managers?
Management is a vital component to all organizations. It’s the management that will determine the success or failure of any corporation in today’s world. In this ever changing world of globalization, the leadership in organizations has changed immensely. New requirements of global insight and global mindset have become the indispensable qualities required for the new managers (Chuang, 2013). The characteristics possessed by effective global managers include the following:
Global thinking and global mindset
An effective global manager thinks globally. His mindset is focused purely on the global factors affecting the business environment. He/she has an overwhelming of the new business development around the world and can take advantage of these changes (Cohen, 2010).
Varying tastes and preferences
Different people have different tastes and preferences. A product may be popular and profitable in one region or country but lead to a massive loss in another country. Good global managers can know what fit where (Knight, Riesenberger, Cavusgil and Tamer, 2013).
Competition from foreign firms
Many companies have found it hard to break even in foreign countries. Some end up shutting their entire operations. Active global managers understand perfectly how to compete effectively in these new markets (Knight et al.

, 2013).
Appreciation of cultural diversity
Active global managers appreciate and value different cultures of the people from where they operate. This will help them in carrying out ethical business (Leslie, Dalton, Deal and Ernst, 2002).
Ineffective global managers are regularly fired for failing to spur the company’s expansion programs and profitability. They are characterized by the following:
Non-responsive to technology
Technology has defined the business today. It has significantly contributed to efficiency and profitability. These managers are always sluggish in adopting new technology (Cohen, 2010).
Treat different market segment the same way
Different market segment commands different attention. The youth market is very different from the old market, as appealing is totally different. Bad global managers fail to notice this.
Lacks global insight
These managers lack insight into the world business operations. While other companies are focusing on customer service, they focus on production. They fail to align their activities to the new global requirements (Leslie et al., 2002).
Lack knowledge of Cost differences
Different regions and countries will have different costs. Failure to conduct proper research by the bad global managers also leads to their organizations having uncompleted projects and financial strains (Chuang, 2013).
References
Chuang, s.-f. (2013). Essential skills for leadership effectiveness in diverse workplace development. Online journal for workforce education and development, 6, 1. Retrieved from http://opensiuc.lib.siu.edu/cgi/viewcontent.cgi?article=1133&context=ojwed
Cohen, S. L. (2010). Effective global leadership requires a global mindset. Industrial and Commercial Training, 42(1), 3–10.
Knight, G., Riesenberger, J., Cavusgil, P. T. S., & Professor S Tamer Cavusgil, Prof (2013). International business: The new realities, student value edition (3rd ed.). Boston, MA, United States: Prentice Hall
Leslie, J. B., Dalton, M., Deal, J., & Ernst, C. (2002). Managerial effectiveness in a global
Context. Greensboro, NC: Center for Creative Leadership