In the tide of globalization, enterprises are facing unprecedented opportunities and challenges. From the efficient cross-border flow of funds to the global allocation of talents, to the refined operation of international management, every link tests the wisdom and strength of enterprises.

To further explore these issues, on November 27th, at the "Intelligent Future, New Era of Value in Global Perspective" Human Resources Conference and Excellent Case Appreciation Ceremony jointly organized by CDP Group and KNX, Feng Bo, Chief Revenue Officer of CDP Group, as the host, joined hands with Maggie Liu, Head of Shared Services at Huntsman North Asia, Zhang Zhuran, Executive Director of the International Cooperation Center in Jimei District, Xiamen City, Dawn, Director of Risk Management Solutions at International SOS China, and Raven Liu, Vice President of Enterprise Business at Airwallex, to conduct an in-depth analysis of the core challenges and opportunities in the process of enterprise globalization in the form of a roundtable discussion.

01 Global talent challenges and strategies

When discussing the talent challenges and strategies of globalization, the guests agreed that the biggest talent challenges faced by enterprises in the process of globalization are cultural differences, language barriers, and the uniqueness of talent markets in different regions.

In response, Maggie Liu, the head of Huntsman's North Asia Shared Services, shared her challenges and experiences in managing multinational teams, emphasizing the importance of cultural integration. She talked about her personal experience in managing a multinational team, citing examples of misunderstandings caused by cultural differences between team members and Japanese colleagues, such as misunderstandings of English acronyms and emoticons, which have raised concerns about cross-cultural communication. She mentioned that in addition to strengthening communication and respecting differences, team members should also promote mutual understanding and respect among themselves through team-building activities and cultural days.

Maggie Liu, Head of Shared Services, Huntsman North Asia

When it comes to talent selection and cultivation, Maggie believes that in the context of globalization, enterprises should pay more attention to selecting talents with international vision and cross-cultural communication skills. At the same time, she emphasized the importance of internal training, providing language courses, cross-cultural communication training, etc. to help employees improve their international competitiveness. He also shared how to cultivate managers with cross-cultural leadership, including enhancing their cultural sensitivity, cross-cultural communication skills, and global strategic thinking.

Under the same topic, Dawn, the director of risk management solutions of International SOS China, also proposed strategies such as enhancing the international leadership ability of senior management personnel through overseas rotation, international project cooperation, and leadership training programs.

02 Globalization and localization balance strategy and government cooperation and support

When talking about how to balance the globalization and localization of corporate culture, Zhang Zhuran, the executive director of Jimei District International Cooperation Center in Xiamen, deeply analyzed how to maintain the unity of corporate culture and the flexibility of localization in the process of globalization. He proposed that enterprises should develop globally unified values and codes of conduct, while encouraging each region to make appropriate adjustments based on local cultural characteristics. For example, in the face of the motivation and retention of diverse teams, he emphasized the importance of personalized incentive schemes, suggesting that companies should understand the incentive needs of employees with different cultural backgrounds, such as career development opportunities and work-life balance, in order to develop more attractive retention strategies.

Zhang Zhuran, Executive Director of the International Cooperation Center of Jimei District, Xiamen

At the same time, he also shared in-depth on the topic of government support and enterprise globalization, detailing the various resources and services provided by the government to support enterprise globalization, such as one-stop service platforms, legal consulting services, and business environment optimization. He suggested that enterprises should make full use of these resources to reduce the risks and costs of overseas expansion. Finally, the successful cases and future plans of Jimei District in promoting international cooperation were shared, encouraging enterprises to actively participate in international exchanges and cooperation and expand overseas markets.

03 Global Fund Management Challenges and Solutions

In the process of globalization, enterprises not only face talent challenges, but also face the challenges of global fund management and the practical challenges of solutions. The moderator of the roundtable mentioned that the regulatory environment for global capital flows is becoming increasingly strict, and enterprises need to ensure the compliance of cross-border payments. For example, cross-border payments are a key part of the process for enterprises to go global, and they face challenges such as exchange rate fluctuations, high fees, and regulatory compliance. What good measures can enterprises take to deal with these challenges?

Raven Liu, VP of Business, Airwallex Enterprise Clients

Regarding this topic, Raven Liu, Vice President of Business for Airwallex Enterprise Customers, mentioned that exchange rate fluctuations are one of the main risks faced by enterprises in cross-border payments. He shared his experience on how enterprises can use financial instruments such as forward contracts and options to hedge exchange rate risks. When it comes to cross-border payment solutions, Raven Liu introduced how Airwallex provides efficient and convenient cross-border payment solutions for enterprises, helping them reduce cross-border transaction costs and improve liquidity. In terms of global fund management strategies, he shared how companies should develop scientific fund management strategies in the process of globalization, including centralized fund management, foreign exchange risk management, cash flow forecasting, and so on. Raven Liu also discussed how fintech can help enterprises in their globalization process, such as improving the efficiency of financial services and reducing operating costs through big data, artificial intelligence and other technologies.

04 Globalization Risk and Safety Management Mechanism

In the global operation, compliance risk is an important challenge that enterprises must face. How can enterprises establish effective safety management mechanisms to protect employees and company assets, as well as how to do a good job of global risk management and international cooperation is also crucial. The host asked the guests how to establish effective risk assessment and early warning mechanisms for overseas enterprises, and how to identify and respond to potential risks in overseas operations in a timely manner?

Director of Risk Management Solutions, International SOS China, Dawn

In this regard, Liming, the director of risk management solutions of International SOS China, emphasized the importance of conducting comprehensive risk assessments and developing emergency plans, including formulating safety risk management policies, providing safety training, and establishing emergency response mechanisms. He also mentioned the importance of safety training in overseas business, including crisis response, network security and data protection. He reminded enterprises to comply with local laws and regulations to avoid compliance risks, and suggested establishing a sound internal control system to ensure the compliance of business operations. In addition, it is also necessary to establish a global risk management system, which can ensure the stable development of enterprises in the global market.

conclusion

Feng Bo, Chief Revenue Officer of CDP Group

At the end of the roundtable discussion, Feng Bo, the moderator, expressed his heartfelt thanks to all the guests for their wonderful sharing. The sharing and exchanges of the guests brought a lot of inspiration and thoughts to the participants. He emphasized that the globalization of enterprises is a complex and long-term process, which requires enterprises to make full preparations in terms of capital, talent, risk management and other aspects. Globalization is an inevitable trend in the development of enterprises, requiring enterprises to make more efforts and wisdom to cope with challenges. In the future, CDP Group will continue to pay attention to the trend of globalization and provide more comprehensive and professional service support for enterprises.

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