UK’s Most Confident and Successful Corporate Managers Live Abroad During Their Formative Years, New Research Reveals
Corporate managers widely exposed to more than one culture during their formative years (up until 23 years of age) are more likely to be confident taking difficult and risky decisions, such as acquisitions, new research from the University of Exeter Business School reveals.
The study looked at over 2,000 acquisition decisions taken by board members at 561 UK listed companies, and found that managers who live or study in cultures other than their own more readily take difficult strategic decisions such as deciding to acquire foreign companies.
Co-author, Grzegorz Trojanowski, Associate Professor in Finance at the University of Exeter Business School says corporate managers with wide exposure to different cultures tend to see doing business in foreign countries as providing great opportunities, and they expect to get a positive result from their business activities in these markets. (more…)