The world is getting flatter and globalization has become a necessary thing for the expansion. If we look at any company, from Auto Major GM to Starbucks to WalMart, every one has global plans. And they want to expand globally.
The world is getting truly flatter and each company now required to work with different countries and people with different culture. Take example of Corus deal of Tata Steal or latest joint venture of Mahindra with Nissan motor company, globalization is the mantra for each organization. And each company needs to work with a global partner. And it is equally important to get this thing right; otherwise it might collapse at any point of time.
Even competition is getting global. We have a level ground now and competition is getting really global. Tata Motor is competing with GM and Ford to acquire Fiat and Mahindra tractors are competing with John Deer in US in farm equipment segment.
With this kind of global competition and global alliance, it is required to have a CGO, Chief Globalization Officer, who can really spearhead the idea of globalization, the business plan associated with global expansion and plan for the exact execution of it.
There are a lot of challenges in expanding globally, one need to get the supporting global level processes; also it is equally important to have global level quality. And this kind of preparation needs a lot of planning and careful execution. One needs to really build a global scalable business model.
Global Inc can get this right? Or do they need to have a CGO?
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