New Tools for Succeeding Globally Why do so many global strategies fail--despite companies' powerful brands and other border-crossing advantages? Because a one-size-fits-all strategy no longer stands a chance. When firms believe in the illusions of a "flat" world and the death of distance, they charge across borders as if the globe were one seamless marketplace. But cross-border differences are larger than we assume. Most economic activity--including trade, real and financial investment, tourism, and communication--happens locally, not internationally. In this "semiglobalized" approach, companies can cross borders more profitably by basing their strategies on the geopolitical differences that matter; they must identify the barriers their strategies will have to overcome, and they must build bridges to cross those barriers. Based on rigorous research, Pankaj Ghemawat shows how to create successful strategies and provides practical management tools so you can: Assess the cultural, administrative, geographic, and economic differences between regions at the industry level--and decide which ones require attention Track the implications of the specific border-crossing actions that will impact your company's ability to create value the most Generate superior performance through strategies that are optimized for the three A's: adaptation (adjusting to differences), aggregation (overcoming differences), and arbitrage (exploiting differences) Using in-depth examples, Ghemawat reveals how companies such as Cemex, Toyota, Procter & Gamble, Tata Consultancy Services, IBM, and GE Healthcare are adroitly managing cross-border differences. He also shares examples of other well-known companies that have failed at this challenge. Crucial for any business competing across borders, Redefining Global Strategy will help you make the most of our semiglobalized world.
In Cases about Redefining Global Strategy, Pankaj Ghemawat and Jordan Siegel have assembled 26 full-length case studies as a resource for active learning about the nature of cross-border differences and strategies. As technology innovation globalizes markets and firms, management education must adopt a truly modern perspective on globalization—one that illuminates differences across borders rather than emphasizing similarities and imposing local models onto far-flung cultures. A new generation of managers and innovators who must compete in a "flat" world cannot succeed while following a one-size-fits-all approach to global strategy. Pankaj Ghemawat, Professor of Strategy at Spain's IESE Business School and author of World 3.0 and Redefining Global Strategy, and Harvard Business School Professor Jordan Siegel represent a new era of thinking in global strategy. This carefully chosen selection of classics and new material from Harvard Business Publishing also includes an introduction and six introductory module notes that identify key themes and strategic concepts explored in the cases. Though attuned to the format of an MBA course, the cases and text may also be used individually or in programs outside the strategy curriculum.
What Globalization Now Means for Your Business Executives can no longer base their strategies on the assumption that globalization will continue to advance steadily. But how should they respond to the growing pressures against globalization? And what can businesses do to control their destinies in these times of uncertainty? In The New Global Road Map, Pankaj Ghemawat separates fact from fiction by giving readers a better understanding of the key trends affecting global business. He also explains how globalization levels around the world are changing, and where they are likely to go in the future. Using the most up-to-date data and analysis, Ghemawat dispels today's most dangerous myths and provides a clear view of the most critical issues facing policy makers in the years ahead. Building on this analysis, with examples from a diverse set of companies across industries and geographies, Ghemawat provides actionable frameworks and tools to help executives revise their strategies, restructure their global footprints, realign their organizations, and rethink how they work with local governments and institutions. In our era of rising nationalism and increased skepticism about globalization's benefits, The New Global Road Map delivers the definitive guide on how to compete profitably across borders.
Global Strategy: Competing in the Connected Economy details how firms enter, compete and grow in foreign markets. Jain moves away from the traditional focus on developed countries and their multinational enterprises, instead focusing on both developed and emerging economies, as well as their interaction in an increasingly connected world. As the current global business environment is increasingly shaped—and connected—by faster technological developments, geopolitical forces, emerging economies, and new multinationals from those economies, this highly charged dynamic provides rich opportunity to revisit mainstream paradigms in globalization, innovation, and global strategy. The book rises to the challenge, exploring new competitive phenomena, new business models, and new strategies. Rich illustrations, real-world examples, and case data, provide students and executives with the insights necessary to connect, compete, and grow in a globalized business environment. This bold book succinctly covers strategy models and implementation for a range of global players, providing students of strategy and international business with a rich understanding of the contemporary business environment. For access to additional materials, including Powerpoint slides, a list of suggested cases, and sample syllabus, please contact Vinod Jain ([email protected]).
Rethinking International Strategy in Times of rising Uncertainty The Internationalization of Tesla Inc
Bachelor Thesis from the year 2020 in the subject Business economics - Business Management, Corporate Governance, grade: 1.3, University of Stuttgart (Institute for International and Strategic Management), language: English, abstract: This paper hopes to answer how increasing uncertainty is impacting International Management and how new and innovative companies like Tesla Inc conduct international expansion. Economic activities in the 21st century, are characterized by dynamic global competition, the increasing interdependence and internationalization of economic relations and the resulting merging of world markets. With the continuous expansion of world trade and investment, with factors of production being highly mobile, and with the sources of innovation becoming increasingly global, an increasingly larger share of the global economy is reasonably accurately characterized as “open” it est as being exposed to the forces of global competition, and to the international flows of capital, technology and skilled labor. Yet, the belief in globalization and free trade seems to be in disarray since the shocks of Brexit and Trump in 2016. In various regions of the world, a flare-up of nationalism, protectionism and trade barriers is creating a politically and economically volatile atmosphere. While 2019 and 2020 brought new obstacles - from customs tariffs to a global pandemic - this has led to a shift in framework conditions rather than an end to international competition. In addition, a lot of companies across various business sectors are entangled in extensive and expensive investment or restructuring programs brought upon by the ever-increasing pace of technological, sociological and legal developments. Still, there is uncertainty if these investments will one day pay off or turn out the be a charge in the wrong direction. Between 1970 and 2018, FDI grew from 14.2 billion to 1.43 trillion US dollars, an increase of over 900 percent. Based on this rapid development, participation in international competition has become a matter of course - if not a necessity - for many companies, and their attention is focused on efficient conduct and value-adding administering of international activities. This begs the question how internationally active companies with a global and decentralized value chain can fight rising uncertainty and react to constantly changing environments? How can these companies not only hold on to existing business but expand their dominance in the market against the backdrop of uncertainty? Are established strategy models such as Ghemawat's AAA model still applicable today, do they need to be revised or is there even a need for completely new approaches?
KEY BENEFIT: Strategy and the Business Landscape is based on contemporary research in the field of strategy and adopts a value-focused, firm-centered perspective that promotes an analytical approach to strategy. KEY TOPICS: Origins of strategy, mapping the business landscape, creating competitive advantage, anticipating competitive dynamics, sustaining superior performance, and choosing a corporate scope. MARKET: This text is designed to help managers and business professionals master a body of analytical tools and develop an integrative point of view when making strategic choices.