The global market offers fantastic and unprecedented opportunities. Yet, it also conveys obvious perils that put the company’s entrepreneurial spirit – if not its very existence – at risk. Here are some of the main issues companies have to deal with at the moment:
- The preponderance of financial markets: The company’s value depends increasingly on its capacity to please the wide public and sell an attractive image. To please investors, some companies sometimes make irrational decisions.
- Bad debtors: The more the company expands, the higher the risk for it to be confronted with bad debtors especially when that company does not master the laws of the states where its customers are located.
- SMEs on a knife’s edge: Though an SME might have all the required competencies to export itself, it might put itself at risk, by doing so, of getting purchased or eliminated (which amounts to the same thing in terms of identity) by a group that will benefit from it strategically. Sometimes companies are purchased then closed a few months later.
SELF-COACHING
This self-coaching sheet (exercises) aims to conduct an analysis of the opportunities and risks of globalization for your organization.
These exercises are taken from chapter 4 of the book “Management by Coaching: Coping with Complexity in a Changing World”.
