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The Global Management Consulting Sector - a Commentary

Management practice is as old as civilization itself, management theory and management consultancy is of more recent vintage. They had been started in the end of nineteenth century. The first pure consultancy was that of Arthur Little in the United States , who started out in 1886 with a focus of technology and engineering economics. Many factors are underlying in the expansion of this service sector. Some authors say it was due to the Taylor ’s “scientific management”. David (2001) suggests four forces i.e., increasing number and complexity of companies; the spread of corporate ideology to noncorporate sectors; the organization for the World War II effort; and the growth impact of business education and the business press. Mckenna (2006) argues that this expansion is due to the amalgam of three professions (engineering, law, and accounting). Management consultancy has been embraced in the United States , but now EU and Asia Pacific are also emerging as management consultants. Indi...

From Regional Star to Global Leader - a Commentary

No doubt that Jianguo is very competitive and sincere in his job and he has proved it but the thing which is needed now is to develop a global mindset. The most important attribute required for effective global leadership is not a new set of skills or experience, but rather a new perspective called a global mindset (Cohen, 2010). Rapid change in the organization’s environment resulting in uncertainty of goals in the issues together with continually increasing complexity of issues present considerable challenges on analytic and deductive modeling and knowledge acquisition approaches. The key function of a leader and managers in this situation is to form visions of the organization in the future (Pispa, 2003). In this way, IT can help to redefine the vision of the organizations and to make the manager’s global mindset. It is critical for top management and IT to agree on where IT is to provide leadership and vision, and where IT is expected to partner and support (Motwani et al, 2000). T...

Domesticating Global Management - a commentary

This essay puts forward an idea that to be good in this era of globalization, there should be integration between foreign policy leaders and domestic policy leaders. In this way local leaders make some inputs to foreign policy leaders in making successful foreign policy (Paarlberg, 2004). If we talk in multinational management perspective then it is very important for the local managers to think globally (May, 1997). Managers must analyze their industry and identify the specific drivers that affect their operation and development and identify the number of global strategy levers: global market participation; products (global products, or local products); location of the value chain; marketing strategy (Lloyd, 1996). In global businesses there's often a question about what you can plan for on a worldwide basis and what needs to be managed on a local basis (Simpson, 1995). Most businesses have a variety of different cultures because there are different people working within the compa...