Magazine article New Zealand Management

Embracing Globalisation: In a World Where Everyone Is Competing for People, Resources, as Well as Customers, Even Companies Who See Themselves as Purely New Zealand-Bound Must Accept That Globalisation Is a Reality and Plan to Respond to This Challenge Sooner Rather Than Later, Says Business Consultancy Firm Hay Group

Magazine article New Zealand Management

Embracing Globalisation: In a World Where Everyone Is Competing for People, Resources, as Well as Customers, Even Companies Who See Themselves as Purely New Zealand-Bound Must Accept That Globalisation Is a Reality and Plan to Respond to This Challenge Sooner Rather Than Later, Says Business Consultancy Firm Hay Group

Article excerpt

If embraced positively, globalisation can be a major force for organisational renewal. However to act effectively in a global market, organisations must not only have the right strategy and plan for their business, they must also have the business model and organisational structure to match, plus a good working climate created by their leadership, says Hay Group New Zealand Managing Director Ian MacRae.

"As a global organisation Hay Group faces the same issues. We've been moving rapidly as a company to respond to these opportunities and challenges, and we understand what it takes to do this well from our own experience."

Hay Group has a business consulting pedigree stretching back to 1943, when it was founded by Edward Hay, a management visionary who pioneered many of today's core people and organisational management practices. Nowadays it has 88 offices in 47 different countries. It has been operating in New Zealand for over 30 years.

Hay Group has partnered with many of the world's leading companies and academics to build an understanding of what produces top performing organisations and people.

"We undertake a lot of research with leading academic institutions like Harvard University," says MacRae. "Methodologies regarding Emotional Intelligence, leadership, top team effectiveness and organisational climate are developed in co-operation with well known academics like Daniel Goleman and Richard Hackman."

"This research based global foundation for our consulting activities becomes more and more important for our clients world-wide" explains Senior Consultant Landa van den Berg.

Best practices derived from working with successful multi-nationals prove to be very useful for a wide range of clients in all countries and sectors. "A good example is our current project for one of New Zealand's leading retail organisations, in which we run a training programme for shop floor managers, based on our global leadership model. Using existing global best practice reduces the cost of development investments for New Zealand organisations. It also enables companies and individual participants to benchmark their performance against the best performers worldwide."

The fact that databases are developed globally in co-operation with major publications such as Fortune and Chief Executive magazines helps to build up credibility.

"More and more our clients understand the necessity to have a look across the borders of their company and their country. …

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