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First they must have a global vision from their leadership that can serve as a model of where they want to take the organization. That vision must be driven down to a specific plan with specific goals and a way to accomplish them.

The nature of the goals should drive the design of the global organization. It must take into consideration business lines (groups of related products), geographic structure, human resource strategies, transportation strategies, , cultural factors and much more. Every potential organizational structure will have its own advantages and disadvantages.

All of this is greatly facilitated by newly available communications capabilities. Large international banks, for example, are replacing centralized offices with virtual office capabilities. Employees at many levels can work from home offices avoiding wasted personal commuting time and cost. It also avoids costly office space and related costs to the banks. It allows the hiring of the best people rather than just people in any specific city.

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Q: Why can companies now organize economic activities on a global scale?
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