Pankaj Ghemawat, Steven A. Altman

Global connectedness is measured along the lines of four pillars: trade (products and services), investment (capital), information (internet traffic, phone calls, print media) and people (migrants, tourists, students). These four pillars encompass most of the aspects of international connectedness that have maximum relevance for business people, policymakers, and ordinary citizens concerned with the impact of globalization on their life opportunities,

Think Differently – Or, Think of the Differences

Professor Pankaj Ghemawat argues that four key propositions he has put forth regarding international business also apply to intranational business – working within national borders. Recognize local biases and regional differences to help unlock strategic opportunities at home as well as abroad.

Making Sense of Globalization

The DHL Global Connectedness Index, now in its third edition, shows that not all flows of trade, capital, information, and people are alike.

Globalization is an Option not an Imperative. Or, Why the World is not Flat

Contrary to popular opinion, the world is not flat. In fact, as this author writes, a company must understand that there are differences between and among countries. In this context, a manager will come to see globalization as an option to be considered rather than an imperative to be automatically taken up. The author offers the ADDING Value Scorecard, which managers can apply to assess … [ Read more ]

Pankaj Ghemawat: Actually, the World Isn’t Flat

It may seem that we’re living in a borderless world where ideas, goods and people flow freely from nation to nation. We’re not even close, says Pankaj Ghemawat. With great data (and an eye-opening survey), he argues that there’s a delta between perception and reality in a world that’s maybe not so hyperconnected after all.

Can Globalization Be Taught in B-School?

As companies seek individuals who can work anywhere in the world, plenty of U.S. business schools claim they’re “going global,” adding weeklong jaunts to China, Korea or Brazil and increasing the share of international students in their classes.

But that’s not enough to train tomorrow’s leaders, argues Pankaj Ghemawat, a professor of global strategy at IESE Business School in Barcelona.

Strategies for Global Connectedness

National efforts to expand international flows — of trade, capital, information, and people — can be a major leverage point for raising prosperity.

Developing Global Leaders

Companies must cultivate leaders for global markets. Dispelling five common myths about globalization is a good place to start.

Pankaj Ghemawat

While globalization is indeed a powerful force, the extent of international integration varies widely across countries and companies and generally remains more limited than is commonly supposed. To be sure, rapid growth in emerging markets, combined with a long-term outlook of lower growth in most developed economies, is pushing companies to globalize faster. But metrics on the globalization of markets indicate that only 10 to … [ Read more ]

Plugging the Globalization Knowledge Gap

The world may only be around 10-25 percent globalized, but to take advantage of the opportunities presented by semi-globalization, today’s firms demand more international business knowledge from graduates. To address the knowledge gap, IESE Prof. Pankaj Ghemawat has compiled the Globalization Note Series, covering the globalization of markets and firms, cultural differences, and ownership and governance around the world.

Remapping Your Strategic Mind-Set

Shake up your thinking by looking at the world from the perspective of a particular country, industry, or company. “Rooted” maps can help you unearth hidden opportunities and threats.

Creating a Smart Export Strategy

Borders still matter, according to Pankaj Ghemawat, author of World 3.0. But that doesn’t mean there aren’t great opportunities to do business abroad.

Redefining Global Strategy: Crossing Borders in a World Where Differences Still Matter

Why do so many global strategies fail – despite companies’ powerful brands and other border-crossing advantages? Seduced by market size, the illusion of a borderless, “flat” world, and the allure of similarities, firms launch one-size-fits-all strategies. But cross-border differences are larger than we often assume, explains Pankaj Ghemawat in “Redefining Global Strategy”. Most economic activity – including direct investment, tourism, and communication – happens locally, … [ Read more ]

Pankaj Ghemawat: The Thought Leader Interview

The seer of “semiglobalization” argues for appreciating regional distinctions.

Pankaj Ghemawat

I think be­lieving the world is flat leads to one-size-fits-all strategies. This may be one reason that so many firms are disappointed with the performance of their overseas operations. If you’re looking for guidance on questions like where to compete, the “world is flat” thesis has only one message: “The market is almost infinite.” There’s no sense of place, no notion of distance to help … [ Read more ]

The Hard Reality of Semiglobalization and How to Profit From It

Pankaj Ghemawat does not believe the world is simply flat, instead asserting that “the complex world of semiglobalization offers a far richer palette of business opportunities than a simple “borderless” world of uniformity and ubiquity.” In this manifesto, he offers an antidote by addressing what still matters: distance and difference.

Globalization: The Strategy of Differences

Should your global strategy optimize scale or exploit differences? HBS professor Pankaj Ghemawat suggests a mix-and-match strategy in this excerpt from Harvard Business Review.

How Business Strategy Tamed the “Invisible Hand”

Theories of competition and strategic planning are essential ingredients in running a global business. In this excerpt from Business History Review, HBS professor Pankaj Ghemawat outlines their development.