174 Views

Why Innovative Thinking Leads to Global Business Success

Over the past twenty years, I’ve interacted with many different people in many different countries and if there’s one thing I’ve learned through all of this experience, it’s that the abilities required to do business globally are much greater than those needed to do business domestically. In fact, it really boils down to just one critical ability that not many people have. Now, I’m sure you’ve heard people emphasize the importance of business and language skills as well as the comprehension of various business practices, and while there is no doubt about their importance,flexibility in thinking is the most critical component to business success because every action we choose to take is heavily influenced by that very thinking.

What Abilities are Needed to do Business in the Global Era?

As a consultant who works globally, I am often asked about what it takes to do business in the“Global Era.” I find that the “Bicycle Model” makes it easiest for us to grasp all of the elements required to do business globally, including how each element interacts with each other. In the “Bicycle Model,” the front tire represents our universal business skills while the rear tire stands for our knowledge regarding global affairs and language skills.

Because of the way that the gears and pedals of business work, the front tire is propelled forward by the back tire’s motion, meaning our universal business skills will only go where our knowledge drives them. And lest we forget the rider, this represents the mindset, right down to the posture we take as we grasp hold of the handlebars and steer our course. And yet even if that bicycle has splendid front and rear tires, the rider cannot reach the final goal or destination effectively with a bad riding posture (both physically and mentally). This same phenomenon is taking place in global business day in and day out.

Corporations frantically train their employees to reinforce their front and rear tires, but that is not enough. Those who can do business globally and continue to grow have more than good tires – they have good riding posture and thus are able to have a perspective that allows them to see not only ahead to the future, but also to the sides and surrounding business environment. Anticipating the bumps coming up in the road ahead is just as important as knowing your surroundings and how to adapt to them when you’re on the global business bicycle, and that is all about your posture.

ALSO READ  Meet Two Nigerians Who Built Multi-Million Dollar Business with Just N750

Getting in the Global Business Mindset

So, what is required for the proper “posture to ride a bicycle?” The ability to see, feel and think beyond one’s own experience, belief, and values as well as beyond the borders of conventional ideas. Although this can be logically understood on the surface, it is not easy to put into practice when you are actually out there working in the global environment. Why? Because our experiences, beliefs, values and views unconsciously form stereotypes, which strongly influence our actions and affect our final results. For this reason it is crucial to rid oneself of stereotypes and be flexible in both your thinking and actions.

To test if you are flexible in your thinking, ask yourself a simple question: When seeing a glass of water that is filled half way, do you perceive it as “half full” or “half empty?” While you’ve certainly heard of this question before and have probably answered it a thousand times, the stereotype that you’ve already formed about your answer is causing you to have a domestic business state of mind, not a global one. It is not a matter of good or bad, or being an optimistic or pessimistic person – the simple fact is that there is no right answer. Many people have a hard time wrapping their head around that fact and that is why so many fail on the global market

What’s important to take away here is that the flexibility to understand the tendency in one’s own thinking and to acquire and accept the opposite of that thinking is true is a skill that is critical to global business success. I call such flexibility in thinking and the ability to recognize different views and put them into action, “The Innovative Thinking Ability.” It is crucial to develop this unique ability if you want to be successful in the global business marketplace.

Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Leave a Comment

Your email address will not be published.

Latest Posts

Why I Didn’t Do Well At Chelsea – Liverpool Star, Mohamed Salah
Sports
67 views
Sports
67 views

Why I Didn’t Do Well At Chelsea – Liverpool Star, Mohamed Salah

MT - April 20, 2018

While speaking in an exclusive interview ahead of Liverpool’s clash at West Brom on Saturday, on Sky Sports Premier League, Mohammed Salah admitted that he is focusing on…

“Why Soldiers Burnt Houses In Benue State” – Army Spokesperson
Shocking
60 views
Shocking
60 views

“Why Soldiers Burnt Houses In Benue State” – Army Spokesperson

MT - April 20, 2018

The Nigerian army has taken responsibility for the attack, which resulted in burning down of houses in a Benue community on Thursday. The Army said the attack…

Meet Vivian Chiologi, John Shittu’s Wife Who Got Married At 50, Gave Birth At 51
Best of Nigeria
68 views
Best of Nigeria
68 views

Meet Vivian Chiologi, John Shittu’s Wife Who Got Married At 50, Gave Birth At 51

MT - April 20, 2018

My darling Viv, today I celebrate you and I thank God for your life and strength. What a testimony your life has become. You met and fell…

Lazy Youths: Why Buhari Should Apologize And Be Forgiven – Shehu Sani
Politics
56 views
Politics
56 views

Lazy Youths: Why Buhari Should Apologize And Be Forgiven – Shehu Sani

MT - April 20, 2018

SHEHU Sani, Senator representing Kaduna Central, has urged President Muhammadu Buhari to apologize over his remarks about Nigerian Youths. While answering a question at the Commonwealth Business…

19-Year-Old Udeh Precious Wins 2018 Sisi Oge Cultural Pageant (Photos)
Best of Nigeria
54 views
Best of Nigeria
54 views

19-Year-Old Udeh Precious Wins 2018 Sisi Oge Cultural Pageant (Photos)

MT - April 20, 2018

19 year old Miss Udeh Precious has emerge winner of the 2018 Sisi Oge Cultural Pageant. The actress and model beat 19 other contestants in the competition…

Nigeria Uninterruptible Power Supply To Reach 4.7% In 2024
Business
44 views
Business
44 views

Nigeria Uninterruptible Power Supply To Reach 4.7% In 2024

PH - April 20, 2018

Nigeria Vision 20:2020 is set to be a major development plan for the country to accelerate growth of commercial and industrial sectors over the coming years. Further,…

Nigeria’s Brent Crude Hits $73.79 per Barrel
Business
50 views
Business
50 views

Nigeria’s Brent Crude Hits $73.79 per Barrel

PH - April 20, 2018

An improvement in Nigeria’s oil earnings is on course as prices held firm on Friday near three-year highs reached earlier this week as ongoing Organisation of Petroleum…

Debbie Rise’s Sister Tee-Rise Releases Gospel single “First Loved Me”
Entertainment
55 views
Entertainment
55 views

Debbie Rise’s Sister Tee-Rise Releases Gospel single “First Loved Me”

PH - April 20, 2018

Temilolu Olurishe also known as Tee-Rise is a young lady with a desire to express her worship to God in her songs while she helps others enjoy…

WATCH: Chimamanda Adichie Talks #MeToo, Feminism and Gay Rights on CNN
Best of Nigeria
56 views
Best of Nigeria
56 views

WATCH: Chimamanda Adichie Talks #MeToo, Feminism and Gay Rights on CNN

PH - April 20, 2018

Chimamanda Ngozi Adichie was on CNN to discuss the #MeToo movement, feminism, and rights of LGBT people with Christiane Amanpour. The writer who revealed earlier this week…

19-Year-Old Udeh Precious emerges Winner of the 2018 Sisi Oge Cultural Pageant
Art, History and Culture
54 views
Art, History and Culture
54 views

19-Year-Old Udeh Precious emerges Winner of the 2018 Sisi Oge Cultural Pageant

PH - April 20, 2018

The 19-year-old model, actress and show host, Udeh Precious, beat stiff competition from 19 other contestants to emerge winner of the 2018 Sisi Oge Cultural Pageant. Precious,…

BBNaija: Tobi Bakre Is Not A Lazy Nigerian Youth; Check Out His 5 Professions..
Best of Nigeria
55 views
Best of Nigeria
55 views

BBNaija: Tobi Bakre Is Not A Lazy Nigerian Youth; Check Out His 5 Professions..

MT - April 20, 2018

Shared Via IG With Caption .. Nigerians are one of the most resourceful and hardworking people in the world. From generation to generation, this has remained true.…

Veteran Actress, Ireti Doyle Shares How She Almost Lost A Job “For Being The Wrong Skin Colour”
Entertainment
54 views
Entertainment
54 views

Veteran Actress, Ireti Doyle Shares How She Almost Lost A Job “For Being The Wrong Skin Colour”

PH - April 20, 2018

Veteran actress Ireti Doyle, in a post on her Instagram page, is speaking about colorism. In her post, she details how she almost lost a major gig…

1771 Cases of Domestic Violence, 138 Against Men, Recorded in 10 Months in Lagos
Shocking
51 views
Shocking
51 views

1771 Cases of Domestic Violence, 138 Against Men, Recorded in 10 Months in Lagos

PH - April 20, 2018

The Lagos State Domestic Violence & Sexual Violence Response Team (DVSRT) recorded 138 cases against men between May 2017 and March 2018. This was revealed by the…

5 Women-Owned Tech Spaces that VP Osinbajo Could Have Visited During #VPTourOfTech – Mary Olushoga
Business
50 views
Business
50 views

5 Women-Owned Tech Spaces that VP Osinbajo Could Have Visited During #VPTourOfTech – Mary Olushoga

PH - April 20, 2018

Why are women innovators largely ignored in Nigeria’s male-dominated technology spaces? Why didn’t Vice President Osinbajo visit any women-owned spaces during the highly popular and attention-grabbing #VPTourofTech?…

#ReadyToBeatMalaria: Chimamanda Adichie Joins Bill Gates, Prince Charles at Malaria Summit in London
Food and Health
62 views
Food and Health
62 views

#ReadyToBeatMalaria: Chimamanda Adichie Joins Bill Gates, Prince Charles at Malaria Summit in London

PH - April 20, 2018

Nigerian writer Chimamanda Ngozi Adichie gave a speech at the Malaria Summit on Wednesday, 18th of April,in London, England. The Malaria Summit was held to urge Commonwealth…

Mace Theft: How Ike Ekweremadu Redeemed Lawmakers’ Image
Politics
92 views
Politics
92 views

Mace Theft: How Ike Ekweremadu Redeemed Lawmakers’ Image

PH - April 20, 2018

A member of House of Representatives, Rep. Joseph Akinlaja (Ondo-PDP), has said Deputy President of the Senate, Mr Ike Ekweremadu’s wisdom saved Nigeria a greater embarrassment on…

Why Federal Government Wants Rail Line Between Nigeria And Niger – Amaechi
Business
66 views
Business
66 views

Why Federal Government Wants Rail Line Between Nigeria And Niger – Amaechi

PH - April 20, 2018

The Minister of Transportation, Rotimi Amaechi, has explained that the rail line from Kano in Nigeria to Maradi in Niger Republic was mainly to encourage business owners…

Government Policies Making It Hard For African Youth To Succeed – Tony Elumelu
Business
55 views
Business
55 views

Government Policies Making It Hard For African Youth To Succeed – Tony Elumelu

PH - April 20, 2018

Tony Elumelu, chairman of Heir Holdings, says government policies have been making it hard for African youth to succeed in their endeavours. Speaking on Thursday at a…

Loading...