Fletcher in the News

"How to Think Globally": Q&A with Dean Bhaskar Chakravorti

Bhaskar Chakravorti is a Senior Associate Dean at The Fletcher School of Law and Diplomacy, Tufts University.

CEOs are naturally students of the big picture. Bhaskar Chakravorti, senior associate dean at the Fletcher School at Tufts University and executive director of Tufts's Institute for Business in the Global Context, wants them to think even bigger. As more businesses become global in scope, leaders must become experts in geopolitics as well as economics and must be conversant in topics as diverse as the domestic agendas of foreign markets and the ways those countries use natural resources and resolve regional disputes. Chakravorti spoke to Inc. about the imperative to follow world events. --as told to Leigh Buchanan

In what sense is the worldview of U.S. business leaders too narrow?

Business leaders traditionally focus on market forces, such as customers, competitors, and suppliers. But potential crises--and potential opportunities--often can be found when imbalances or gaps occur in nonmarket forces. By that I mean the forces that surround the market. So business leaders also should pay attention to developments in countries' political, legal, and regulatory systems. Also to things that might affect those countries' business ecosystems, by which I mean supply chains, basic infrastructure, their capital markets, their natural resources, and the productivity and quality of their human capital.

Read the full Q&A