The Flat World Debate Revisited

The opposing views of Thomas Friedman and Pankaj Ghemawat on the state of globalization have significant implications for multinationals.

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 ]

The Thought Leader Interview: William J. O’Rourke

The former head of Alcoa Russia teaches executives that in international business practice, ethics and competitive advantage go hand in hand.

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.

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.

Venture Capital Firms in Europe vs. America: The Under Performers

In the July/August 2010 issue of IBJ, these co-authors described the “caste system” and other secrets of venture capital (VC) firms in America. In this article, they summarize their interviews with VCs in Europe. While firms in Europe and America share similarities, the authors note that there are important differences that may explain why European VC firms perform poorly in comparison to those in America. … [ Read more ]

The New Emerging Market Multinationals: Four Strategies for Disrupting Markets and Building Brands

From smartphones and computers to blue jeans and beer, companies from China, India, Taiwan, Mexico, Turkey, and other emerging markets are now winning leading market shares with their own-branded, high-quality products—rather than with poorly produced products sold under others’ brand names. These emerging-market multinational companies (EMNCs) are giving the incumbent market leaders of North America, Western Europe, and Japan a run for their money in … [ Read more ]

The Next Convergence: The Future of Economic Growth in a Multispeed World

With the British Industrial Revolution, part of the world’s population started to experience extraordinary economic growth—leading to enormous gaps in wealth and living standards between the industrialized West and the rest of the world. This pattern of divergence reversed after World War II, and now we are midway through a century of high and accelerating growth in the developing world and a new convergence with … [ Read more ]

Metacognition: The Skill Every Global Leader Needs

The increasingly international nature of business means leaders need new skills to get the full potential of teams and networks of people from a variety of cultural backgrounds. Key among these skills is a thinking skill called cultural metacognition. Metacognition simply means thinking about thinking; in this context, thinking about your cultural assumptions. According to our research, if you can gain awareness of your assumptions, … [ Read more ]

Developing Global Leaders

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

Organizing for an Emerging World

The structures, processes, and communications approaches of many far-flung businesses have been stretched to the breaking point. Here are some ideas for relieving the strains.

An Interview with Yves Doz

Yves Doz is Professor of Strategic Management and the Timken Chaired Professor of Global Technology and Innovation at INSEAD, and Visiting Professor at the Helsinki School of Economics. He was Dean of Executive Education (1998-2002) and Associate Dean for Research and Development (1990-1995) at INSEAD. He has also taught at the Harvard Business School, Stanford’s Graduate School of Business, Seoul National University, and Aoyama Gakuin … [ Read more ]

The Global Company’s Challenge

As the economic spotlight shifts to developing markets, global companies need new ways to manage their strategies, people, costs, and risks.

Linda Rottenberg’s High-Impact Endeavor

This social entrepreneur pioneered a new model for mentoring startups in emerging markets. Now she’s replicating it around the world.

How to Make a Region Innovative

To foster economic growth, innovation clusters need to draw on the power of an interrelated “quad” of sectors: public, private, civil, and academic.

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 ]