Thursday, November 06, 2008

Build Global Bench Strength

Envision your success in 5 to 10 years and make sure whatever you are doing now that it's sustainable. CEO of Ingersoll Rand, Herb Henkel, shares some good tips on driving his firm through global territory.

1 comment:

Gregory Majersky said...

Localizing production and management is probably the best way to be "sustainable" and be able to customize your business to local demands. By localizing production, you cut shipping and customization costs and with localized production/management you can take advantage of local governments' desire to increase local employment. They should be greatful and possibly offer incentives. You also don't stick your neck out by putting all of your production eggs in one basket/country.