Global Mindset in Business: Definition & Concept Video

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  • 0:03 Defining a Global Mindset
  • 0:34 Key Attributes
  • 3:10 Lesson Summary
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Lesson Transcript
Instructor: Shicara Hollie

Shicara has a Master Degree in Business Administration with a focus in Marketing

In this lesson, we will cover the meaning of global mindset and how it can affect businesses around the world. Test your knowledge at the end by taking a short quiz.

Defining a Global Mindset

Global Mindset is the ability to absorb information, traditions, and cultural norms from around the world and be able to conceptualize how to make an impact in all environments. According to research conducted by the Harvard Business Review, a global mindset is the ability to adjust to different environments and cultures internationally. The real question is: how does global mindset apply in a business environment? We will discuss what it takes to be able to have a global mindset in a business.

Key Attributes

The mind and life experiences are monumental when discussing mindsets. To take it a step further, if one wants to have a global mindset, key attributes must be displayed when working within a business or organization. There are three attributes that must be met: intellectual, psychological, and social.

  • Intellectual attribute: Having the ability to comprehend and process new information. This means being able to utilize business savvy methods while learning more about new cultures. Employees with a global mindset will take the initiative to learn more about how people of different cultures think and respond to situations. They'll learn how to effectively listen and get their points across.

  • Psychological attribute: Having an interest in getting to know more about other cultures. An employee would need to go the extra mile. For instance, the same words and gestures may not mean the same thing to an international employee. Taking the time to understand these norms is important to the company. If the employee has a closed mind, it would be difficult for them to adjust to a colleague from another country.

  • Social attribute: The ability of an employee to have an intercultural empathy for an international colleague.

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