How Roche Diagnostics Develops Global Managers Essay

How Roche Diagnostics Develops Global Managers - Essay ExampleTo become a international managing director a person must(prenominal) nurse a combination of experience, education, and exposure to foreign locations. Being bilingual or speaking several languages is a great skill to have for a ball-shaped manager. The business for producing world(a) managers lies in the human resource department of a corporation. The HR department has to recruit global managers and it must also develop in-house talent to become the future leaders of an organization. Developing talent internally has tremendous benefits for a lodge because it helps improve the employee retention rate of the firm. The participation of the executive management team is necessary to design an effective global management training program. The CEO must be have-to doe with in the process because he is a person that foundation influence the aspirations of a young talented businessperson to become a global leader. My c bee r choice is business administration. Global leaders atomic number 18 needed in business organizations due to the fact that international expansion has become a dodging that is used more than ever before by business organizations. In the unify States many companies have started out small. For instance Starbucks started as a single coffeehouse that bought the Starbucks brand along with six stores. now the firm has over 16,000 outlets worldwide. This massive international growth would not have been possible would the presence of global leaders. A lack of global leadership can be detrimental to a business organization. The managers of businesses must have basic knowledge about global affairs. For instance foreign exchange monetary mutation should be monitored by managers making purchasing decisions. If the currency of a country goes up by 30% in a month, this type of information would be important to know to stay away from purchase goods from such a place that is facing inflationa ry forces. A lack of global leadership can also inhibit the ability of a manager to make decisions on how to market a company globally through the use of e-commerce. Most companies in todays marketplace cannot rely altogether on the domestic marketplace. The current affairs and policy changes of countries must be understood by global managers. If a country makes a product illegal a firm that does not keep up with changes in international laws could get into legal troubles if it does remove its product from a country that banned its use. The United States giving medication must get more involved in the development of global leaders. There are numerous ways in which the government can contribute towards the cause. For instance the government could develop an motivator program that would pay companies 50% of the travel expenses associated with training and development programs for global management. Another way the government could help is by offering more grants and scholarships fo r ammonium alum students studying international business. The Federal government volition let students borrow up to $138,500 to complete a graduate degree (Studentaid, 2011). This type of access to funding helps, but a lot of adults are not willing to absorb so much superfluous debt when they have to pay a mortgage, other debt payments, bills, and living expenses for themselves and their families. At the undergraduate level the government has an splendid scholarship program called Pell Grant. The government could create a similar grant program for business graduate students