strategy+business is published by PwC Strategy& Inc.
 
or, sign in with:
strategy and business
Published: August 28, 2012
 / Autumn 2012 / Issue 68

 
 

Managing in a Multipolar World

At German electronics and electrical engineering giant Siemens AG, only 30 percent of the more than 400,000 employees are located in Germany; the others are spread across 190 countries. This dispersed workforce means that securing and retaining the global talent pool is a major challenge. “With countries like Germany, we had a pretty good view,” notes a Siemens IT governance executive, “but when we talk about emerging markets and fast-growing economies, we weren’t always able to attract the best talent.” In response, Siemens embarked a few years ago on a successful transformation of its global people strategy, adopting processes for consistent individual performance management, robust succession planning, and high-potential talent identification and development; a global database that made job postings and experience profiles on individuals available to all; and a CEO-driven global diversity and inclusion program.

In high-growth emerging economies, first-mover advantage is crucial, and having a coherent and flexible global enterprise management model that can adapt to (and get ahead of) rapid evolutions in the market can make all the difference. A pragmatic first step is to determine where your company stands on all three enablers: organization structure and footprint, decision rights and controls, and leadership and talent. You will be able to see where change is most urgently needed, and, ultimately, can begin to move toward a new model that better equips your company to navigate the dynamics of today’s multipolar world.

Reprint No. 00112

Author Profiles:

  • Paolo Pigorini is a partner with Booz & Company based in Rio de Janeiro, and leads the firm’s organization, change, and leadership practice in the Southern Cone.
  • Ashok Divakaran is a partner with Booz & Company’s organization, change, and leadership practice, and is based in Chicago.
  • Ariel Fleichman is a partner with Booz & Company’s organization, change, and leadership practice, and is based in Buenos Aires.
  • Also contributing to this article was Booz & Company partner David Suarez.

 

 
 
 
Follow Us 
Facebook Twitter LinkedIn Google Plus YouTube RSS strategy+business Digital and Mobile products App Store

 

 
Close
Sign up to receive s+b newsletters and get a FREE Strategy eBook

You will initially receive up to two newsletters/week. You can unsubscribe from any newsletter by using the link found in each newsletter.

Close