The new leadership challenges in an interconnected world

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The new leadership challenges in an
interconnected world

• Steven Borncamp

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Todays plan

• A quick definition of Interconnectedness and
  its relevance
• Provide a list of challenges to the Romanian
  business environment
• Provide specific solutions and tools

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Definition and Relevance

• Interconnectivity DEFINED
• Technological
• Availability, desirability and necessity
• Growing Interconnectivity
• Social / Political / Economic changes
• just beginning to understand
• The need to collaborate globally has increased
• and regardless of your global intentions

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What is required of the leader?

• Better understanding and knowledge of the scale
  of the change
• An understanding that a companys ability to
  enter into, profit from and successfully exit
  global strategic alliances is a critical
  determinant of profitability.
• Executive commitment of resources time, money,
  and strategic focus to the challenges of
  interconnectedness

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Challenges

• Shorter Product (or Service) life cycle
• Instant competition in distant markets
• From make then sell to interactive design
• Need quick team formation and
• Better interunit collaboration
• Before Strategy into projects
• After Feedback into Strategy

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Solutions

• Organizational agility
• Seek skills based on flexibility and ability to
  collaborate or work in teams
• Change your physical space
• Lose the bureaucracy
• can you provide oversight rather than approval
• Performance versus Seniority

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Challenges

• Electronic Market places
• Disintermediation / the trading company
• Supplier / Customer relationships in jeopardy
• A concentration of suppliers too slow to update
  their methods hunting for business customers too
  slow to update their shopping habits.

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Solutions

• First mover advantage ( Almost )
• You might already be behind 3M, GE and Wal-Mart
• You could be early for the region?

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Challenges

• Managing a diverse and wide-spread workforce
• Knowledge Management
• Hoarding
• Competition
• Measure of an Employees Value

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Solutions

• Cross cultural training
• Not just expatriates but inpatriates.
• Knowledge Sharing as part of performance
  management / employee goals / compensation

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Challenges

• Managing a diverse and wide-spread workforce
• Continuous operation
• The good
• The bad
• The ugly

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Solutions

• Consider carefully the full implications of your
  global strategic alliance
• Management?
• Operations?
• Retention?
• Move global operations upward as a strategic
  priority

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Challenges and competitive advantage

• Corporate responsibility is paramount
• Fact checking
• Blogs / Online Diaries by customers (and
  employees)
• Historical record of action
• Interest groups deployed through the internet

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Solutions

• An inexpensive and powerful tool
• Limit the difference between your message and
  reality

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Helpful Tools

• Cheaper Communication
• Cheaper Transportation
• Virtual Communication Solutions

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Helpful Tools

• Distance Learning
• New Software Project Planning extended
• Project Management Experience

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Thank you!

• QUESTIONS?

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The new leadership requirements in an
interconnected world

• Steve Borncamp