Considering some of the trends in globalization and diversity, what will be the biggest challenge facing CEOs in the next five years?
You are leading a U.S. based firm with operations in several other countries as well. How will you ensure the firm’s local managers comply with the firm’s ethical standards? How will you deal with the differences in business practices? What if something that is legal and an assumed part of doing business in another country (e.g., bribes, a/k/a “facilitation payments”) is illegal in the U.S.
Many managers must work with people from other cultures; what can an organization do to train managers to communicate more effectively across cultures?