How Roche Diagnostics Develops Global Managers Essay

How Roche Diagnostics Develops Global Managers - Essay Example To become a global manager a person must have a combination of experience, education, and exposure to foreign locations. Being bilingual or speaking several languages is a great skill to have for a global manager. The responsibility for producing global 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 company 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 involved in the process because he is a person that can influence the aspirations of a young talented businessperson to become a global leader. My career choice is business administration. Global leaders are needed in business organizations due to the fact that intern ational expansion has become a strategy that is used more than ever before by business organizations. In the United States many companies have started out small. For instance Starbucks started as a single coffeehouse that bought the Starbucks brand along with six stores. Today 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 fluctuation 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 buying goods from such a place that is facing inflationary forces. A lack of global leadership can also inhibit the ability of a manager to make decisions on how to market a company glob ally through the use of e-commerce. Most companies in today’s marketplace cannot rely solely 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 government 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 incentive 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 for graduate students studying international business. The Federal government will let students borrow up to $138,500 to complete a gradua te degree (Studentaid, 2011). This type of access to financing helps, but a lot of adults are not willing to absorb so much extra 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 excellent scholarship program called Pell Grant. The government could create a similar grant program for business graduate students