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Creating Global Leaders. Video Overview. Hosted by Wayne Cascio, Ph.D. SHRM Foundation’s 7 th DVD Filmed at World Economic Forum Headquarters, Geneva, Switzerland Comprehensive Interviews Officers, Managers, and Fellows. Video Synopsis. Peer Coaching Executive Coaching and Mentoring
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Video Overview • Hosted by Wayne Cascio, Ph.D. • SHRM Foundation’s 7th DVD • Filmed at World EconomicForum Headquarters, Geneva, Switzerland • Comprehensive Interviews • Officers, Managers, and Fellows
Video Synopsis • Peer Coaching • Executive Coaching and Mentoring • Advice to Organizations • Advice to Future Global Leaders • Five Lessons • Video Introduction • The Global Leadership Fellows Program • What Fellows Do • Why the World Needs Global Leaders • Broadening Leadership Competencies • A Leadership Incubator
Organization Overview • World Economic Forum Communities • Strategic Partners • Industry Partners • Members • Global Growth Companies • Governments, International Organizations • Representatives of Civil Society • Thought Leaders (Religion, Culture, Science, Academia) • Technology Pioneers • Media • Women Leaders • Young Global Leaders • Social Entrepreneurs
Organization Overview • Areas of Engagement • Strengthening Economies • Global Trade & Investment Regime • Poverty & International Aid • Labor & Migration • Economic Imbalances & Systemic Financial Risk • Intellectual Property Regime & Innovation • Enhancing Security • Conflicts • Illicit Trade • Pandemics & Infectious Diseases • Terrorism & Weapons of Mass Destruction • Information Infrastructure & Data Security • New Technologies
Organization Overview • Areas of Engagement • Promoting Sustainability • Climate Change / Low Carbon Economy • Resource Security (Food, Water, Energy, Air) • Ecosystem & Biodiversity Loss • Natural Disaster • Global Governance • International Legal System • Values
Organization Overview • History and Membership • Not-For-Profit Founded in 1971 • $139.5 Million Annual Budget • Membership by Invitation Only • Foundation Members • Industry and Strategic Partners • Global Growth Companies • 400 Employees in Geneva, New York, and Beijing
Discussion Questions Discussion Questions
What is the purpose of the World Economic Forum? • Bring together top business leaders, international political leaders, selected intellectuals and journalists • Address and discuss the policy implications of the most pressing issues facing the world. • Promote a world-class corporate governance system where values are as important to conducting business as is the rule of law. • Energize Global Communities • Shape the Global Agenda • Improve the State of the World
Additional Questions • What does the WEF do to “shape the global agenda?” • How can small companies or individuals act “globally?”
Explain what Professor Klaus Schwab described as “stakeholders’ theory.” • Belief that the management of a company has to act in the best interest not only of the company’s shareholders, but all stakeholders – society at large. • Entrepreneurship as the key driver of wealth generation with a globally coordinator regulatory framework • Moral reformation – Shaping the post-economic-crisis world must incorporate ecological, global, and inter-generational accountability and responsibility. • The Tipping Point – 2009 GlobalEconomic Crisis
Additional Questions • Why should an organization be concerned with its impact on social matters? • In a profit-focused organization how can leaders justify the expense of environmental considerations? • Why does an organization need to factor the government and its suppliers into its business considerations?
Why does the world need global leaders? • Today’s global problems cannot be solved by governments alone, by business alone, or by civil society alone. • Cooperation and partnerships are needed. • There is a need for the global leaders to be aware of these problems and to create awareness among others • The Forum fosters a Community of Global Leaders • Leaders of Tomorrow have a Global Responsibility • Global Operations = Workforce Diversity
Additional Questions • What are some potential downsides of unilateral action? • Give a few examples of global challenges that require multiple global actors to resolve.
What is the goal of the Global Leadership Fellows program? • The Global Leadership Program is dedicated to developing the next generation of world leaders. • Combining knowledge and practice • Leaders learning from leaders • Ongoing coaching and mentoring
Additional Questions • What types of people are recruited and/or accepted into the Global Leadership Fellows program? • What makes the World Economic Forum unique?
What types of problems do the Fellows address? • Participants work to address specific issues related to all WEF areas of engagement by working with: • Civil-society organizations • Social entrepreneurs • The university community • Multinational corporations • Participants focus on chronic hunger, environment, global health, logistics and transportation, and governmental relations • Participants work full-time in roles that will be useful for their future.
Additional Questions • What are some specific WEF areas of engagement that enhance security? • What are some specific WEF areas of engagement that promote sustainability? • What are some specific WEF areas of engagement that strengthen economies?
Candidates who are invited to join the Global Leadership Fellows program have been challenged on their global mindset. What attributes and actions make up a ‘global’ mindset? • Be prepared to deal with a great deal of dynamic complexity. • Understanding that global business is not about servicing only one region or country • Account for the impact that an organization’s operations will have on the rest of the world. • Adaptability is Key
Additional Questions • Why is adaptability so important? • What is dynamic complexity? • What are some contributing factors to the acceleration of world dynamics?
What are some key differences between coaching and mentoring? • Keys to Mentorship • Mentor is generally a person who has deep experience in a particular field of interest. • A mentorship is typically an informal relationship that can last for a long period of time. • Mentorship focuses on career and personal development at the request of the mentee.
What are some key differences between coaching and mentoring? • Key to Coaching • A coach typically does not have deep experience, but assists a person in a learning experiencing. • A coach may be a person of similar age and academic training. (ie – Peer coaching) • Relationship generally has a set duration and is more structured. • Coaching is typically focused on short-term goals and on specific areas/issues for development. • Agenda is focused on an individual’s personal development.
Additional Questions • What are some benefits of being a “peer coach?” • What are some benefits of being a “peer coachee?” • What are some benefits of having a mentor?
What are three important components that any organization must provide in developing leaders? • Open Discussions • Work/Life/Development Balance • Allow young leaders to define their value systems, personal beliefs, and ideals during leadership development
Additional Questions • Identify some ways that diversity enhances leadership development. • What are some potential downsides of not having enough financial resources for a leadership-development program? • Why is it important to give leaders “space” to learn?
To become a global leader, what are some personal attributes and experiences that a person should strive to achieve? • Have the capacity to blend knowledge, expertise, and competencies. • Behave ethically, think strategically, communicate effectively • Listen and gather information • Make intelligent decisions • Encourage cooperation and collaboration • Present a positive and optimistic image
Additional Questions • What types of lessons can be learned by living in or visiting a foreign country? • Why is it important for a young leader to define long-term goals? • What does curiosity have to with long-term success?
Why might the World Economic Forum and its Fellows may become increasingly powerful players in the future? • More relevant (and powerful) as the globalization of world economies continues to expand • Increased interactions between sovereign nations, multinational corporations, and other global organizations require people and institutions that are capable of fostering effective relationships. • Globalization is unstoppable • Experience is power • The Forum and it’s Fellows understand sustainability in a global context
Additional Questions • What types of private-sector jobs would be well suited for people who have completed an extensive leadership program – similar to the Global Leadership Fellows program? • What are some characteristics of the GLF program that transcend all leadership-development programs? • What types of experiences do GLF participants experience that may not available in other leadership-development programs?