Global managers need to focus on global issues, says KPMG

New Delhi, Sep 27 | Updated: Sep 28 2007, 04:55am hrs
With corporate India spreading its wings in the increasingly fast-paced global business arena through its mergers and acquisitions spree, it needs managers who can visualise and create perspectives beyond boundaries to stay ahead in the race, experts say.

For, today's manager is a global manager, who has to think on issues based on international platform stretched across demographies, geographies and cultures to meet and take advantage of business needs, experts at the Experienced Managers Conference 2007 organised by KPMG said.

Indian talent, energy and entrepreneurial spirit could be a powerfully colonising force in the 21st century, not through military means but by demographics, education and an immigrant spirit, KPMG Australia, Partner Bernard Salt said.

India would be human capital mine for at least the next 50 years, being the number three nation contributing immigrants to Australia after the UK and New Zealand, he added.

In a global scenario where world boundaries are fast fading, managers need to develop an ability to understand cross-cultural differences, cultural diversity needs to be looked at as an advantage and not a bottleneck, KPMG chief executive officer in India Russell Parerra said. Managers should demonstrate greater awareness of working and doing business across cultures, he added.

Companies now focus on identifying leaders from amongst people who have joined at the lower levels of hierarchy, so that in a few years it can groom such employees to be the global face of the company.

Apart from this, they are grooming the present managers so that they understand business and the society where they are doing it, and manage a balance between the two. It is essential that companies give back to the communities with whom they work - the corporate sector is replete with examples of companies where Corporate Social Responsibility (CSR) practices have not only established them as credible enterprises but also brought them business benefits, KPMG International director for Corporate Citizenship, Michael Hastings said.