BENEFITS OF GLOBAL MINDSET
Globalization presents various opportunities and challenges; a global mindset gives management an upper hand in dealing with globalization issues. A global mindset ensures that the management is able to communicate effectively with customers or suppliers who are in a foreign country thereby shortening the time of doing business (Aswathappa, 2010). In addition, the speedy and convenient information exchange enables management to make informed decisions quickly and assists management in identifying opportunities when they come up and the best approach to use to exploit them. Through convenient access to reliable information, the management is able to minimize risks (Story, 2010).