Gaining Global Perspective: A Fundamental Of 21st Century Leadership
The economic slowdown has not hurt the market for cross border mergers and acquisitions, which have become a mainstay of the global economy. Their number and value have continued to rise as companies strategically pursue M&As, increasing their ability to operate in international markets. Leveraging such opportunities while managing the inherent risks takes not only strong business acumen, but a global perspective and understanding of diverse approaches to leadership. "Knowledge alone doesn't get you halfway there," says Peter Fader, Wharton Professor of Marketing and academic director of the Executive Development Program. "In the EDP, the real learning happens with the participants, who come from Africa, Asia, South America, and Europe. In fact, only about one in three is from North America. They represent many different industries, positions within their organizations, and business disciplines.