One VP of finance at a global pharmaceutical firm observes the increasing mobility of his company's financial workplace, resulting in fewer advancement opportunities for groups working in limited markets. "Unfortunately," the VP notes, "people often do not want to move and take roles outside of their home geographies."
A CFO of an industrial manufacturing company puts it more bluntly: with 75% of the company's sales coming from outside the U.S., its workforce needs exposure to different parts of the world where the company does business. "If you're not willing to get a passport," the finance chief asserts, "it doesn't mean you've ended your career, but your upward career path will be very limited."
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