CREATING AND SUSTAINING BALANCE IN GLOBAL BUSINESSES: A PRACTITIONER VIEW

Abstract

Global businesses create and sustain operational success and create value by balancing the centripetal and centrifugal organizational forces they generate. Productive efforts to achieve strategic and operational success are enabled by the balance of competing tensions not their oscillations. Internal regulators contribute to this balance when they are understood and systematically integrated into both short and long-term decision-making. Inattention to the intricacies of interactive regulating dynamics and systems dilute value creation, or worse, destroy it. The whole business organization must be greater than the sum of its parts to deliver optimum value. Anything less creates gaps which competitors will exploit to the detriment of shareholder value creation. The business landscape is replete with companies that failed to create or sustain balance. There are also examples of great companies that nurture tensions to promote proper balance.

Citation

Hofmeister, J. and Parker, S. (2003), "CREATING AND SUSTAINING BALANCE IN GLOBAL BUSINESSES: A PRACTITIONER VIEW", Advances in Global Leadership (Advances in Global Leadership, Vol. 3), Emerald Group Publishing Limited, Leeds, pp. 275-301. https://doi.org/10.1016/S1535-1203(02)03014-9