Over the past decade, the business framework and environment has undergone dramatic changes. Due to the intensification of globalization, international organizations are faced with unprecedented competition and pressures.
Organizations and respective managements have to understand that operating in the global marketplace multiplies the variables and interdependencies to be considered while making decisions. The volatile global dynamics make the decisions and plans of today outdated by next month.
The need for companies in this environment is global executives and managers who apart from analytics, skills and technical insights are able to be effective in such diverse and dynamic settings.
Thus, international managers are required to operate in the global context with changing workforce while dealing with unknown rules and regulations that are subject to unprecedented changes. The development in transnational trade has resulted in higher global standards of productivity and quality. This has changed the guidelines of leading and managing businesses internationally, making it much more complex and challenging.