Today's global business environment is more tightly connected than ever before. Goods and information travel rapidly across borders. Many organizations, from NGOs to multinational corporations, run operations in more than a hundred countries. Nonetheless, local, national, and regional context still matters. Factors such as the varying roles governments play in the economy, different legal systems, cultural preferences, and approaches to diversity, affect how businesses compete in different terrains.
Deans gathered during Yale School of Management's opening conference, Business + Society, for a recent Global Network Meeting in January 2014.
In order to succeed, enterprises need leaders who understand how markets and organizations work in these increasingly diverse and complex contexts and who can move supplely from a global perspective to specific understanding. Leaders need to be able to call on expertise and resources from all parts of the globe and all sectors of society, and not assume that any one organization or perspective has the final answer. Leaders need to look to the horizon to spot emerging global powers and rapidly developing opportunities at the edges of the economy.
At the conference marking the opening of the Yale School of Management’s new campus, deans of nine Global Network Schools discussed the role of business schools in educating leaders for a globalized world of growing complexity.
The Global Network for Advanced Management creates an organizational structure that can thrive in this developing environment. It connects each member school with diverse regions, countries, and cultures, and economies in different phases of development. The network facilitates interaction, but leaves the development of an agenda to the participating schools.
The fundamental questions motivating participation in GNAM are:
- What are the new areas of economic power and growth in the global economy?
- What areas of economic power and growth are on the horizon?
- What leadership challenges face enterprises in the future?
- How can top talent from the broad horizons of a flatter global economy be accessed, developed, and connected?
- How can a broad set of business schools work together to address these leadership challenges and enhance leadership development around the globe?