Work Around the Clock: Building Effective Global Capabilities

CHAPEL HILL, N.C., April 24, 2015 /PRNewswire/ -- In today's ever-changing and increasingly global marketplace, organizations are establishing employee groups around the world to access diverse skill sets, set low-cost workforce and round-the-clock business hours. While there are many areas to misstep in the process of becoming global, leaders must examine which best practices are necessary and beneficial in order to achieve global operational excellence.

According to research by benchmarking firm, Best Practices, LLC, more than 25 percent of global team disappointments, such as seeing a project not move forward due to lack of a decision-making process, stem from lack of management or inflexibility. Clearly global teams with established common processes and online tools still can suffer from failures and disappointments.  

The related report, "Building Global Capability: Creating and Maintaining Effective Global Teams," provides leaders with more than 100 benchmark metrics and 10 executive narratives, and provides executives with global responsibility the tools, practices and techniques to help virtual teams work better together and achieve strategically aligned objectives. 

Key study topics include:

• Why companies establish global teams
• How companies measure progress toward globalization
• Tools and practices that accelerate progress
• Practices that facilitate working with other cultures, time zones and workplaces
• How progress of individual global teams is measured
• Top improvement objectives for global teams
• Key lessons learned for managing global teams
• The biggest pitfalls to avoid in global team management

This benchmarking research drew participation from fifty-nine representatives from 56 companies. Respondents had an average of 11 years of experience in working with global teams or in helping people work better together globally.

To access the full report, or to download a complimentary summary containing insights found in this report, click on the following link: http://www.best-in-class.com/rr1349.htm  

For more information on other recent primary research studies, contact us at 919.403.0251. For related research, visit our Best Practices, LLC website at http://www.best-in-class.com/

ABOUT BEST PRACTICES, LLC  Best Practices, LLC is a leading benchmarking, consulting and advisory services firm serving biopharmaceutical and medical device companies worldwide. Best Practices, LLC's clients include all the top 10 and 48 of the top 50 global healthcare companies. The firm conducts primary research and consulting using its comprehensive proprietary benchmarking tools and analysis. The operational insights, findings and analysis form the basis for our Benchmarking Reports, databases and advisory services to support executives in commercial and R&D operations. Best Practices, LLC believes in the profound principle that organizations can chart a course to superior economic performance by studying the best business practices, operating tactics and winning strategies of world-class companies.

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SOURCE Best Practices, LLC