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.

Managing Confrontation in Multicultural Teams

Conflict and debate are considered essential to better decision making in some cultures, while in others, it’s downright rude. How do you bridge the cultural divide?

Managing in a Multipolar World

Emerging markets are shifting the balance of economic power, and for multinationals, a “business as usual” approach will no longer suffice.

Why Marginalized Expats Make Great Global Leaders

Although some might think otherwise, “marginalized biculturals” — individuals who belong to more than one culture, yet do not identify strongly with any of them — can excel at global leadership. A new article by Stacey R. Fitzsimmons of Western Michigan University, IESE’s Yih-teen Lee and Mary Yoko Brannen of INSEAD explains how this much-overlooked group can make natural global leaders, and what this implies … [ Read more ]

Richard Wilkinson: How Economic Inequality Harms Societies

We feel instinctively that societies with huge income gaps are somehow going wrong. Richard Wilkinson charts the hard data on economic inequality, and shows what gets worse when rich and poor are too far apart: real effects on health, lifespan, even such basic values as trust.

How to Be a Truly Global Company

Many multinational business models are no longer relevant. Skillful companies can integrate three strategies — customization, competencies, and arbitrage — into a better form of organization.

Different Strokes: How to Manage a Global Workforce

How can companies develop workforce programs that are globally effective and consistent but still locally relevant? Accenture looks at the challenge from numerous perspectives, including organizational structure; HR operating models; top management selection; talent acquisition and retention; performance measurement; technology support; and compensation and motivation.

No More Year in Paris?

Recent shifts in the global economy dictate changes in employee skills and employer investment. The nature of the international corporation has also transformed, requiring cultural adaptability—not of just a few senior leaders but of many emerging leaders in its ranks. These factors, and others, have converged to require a complete reengineering of the concept of international assignment. It needs to be viewed as an intense … [ Read more ]

Brain Drain?

Without nurses and doctors from Asia and Africa, British hospitals could barely function. But is it fair for rich countries to poach talent from poor ones? Poor countries have far too few skilled workers to begin with, yet they are precisely the people whom rich countries are most likely to lure away.

It seems obvious that this “brain drain” hurts the poor. If all the … [ Read more ]

The Innovativeness of Nations

INSEAD professor Soumitra Dutta’s Global Innovation Index helps show which nations are on the rise and which are not.

Smarter Moves

What can leaders do to better manage—and improve—the return on their global mobility investment? In our experience, companies that gain the most value from global mobility show a high degree of alignment between global mobility and the larger business in three areas:

1. Business and talent strategies
2. Expected assignment value
3. Mainstream HR and talent operations

Achieving greater alignment in these areas can go a long way toward … [ Read more ]

Identity Crisis: What Is the Corporate Center’s Role in a Globalized Business?

In a two-speed world—one speed for slow-growing, mature markets and another for rapidly developing economies—the corporate center must step up to a new role. How can companies find the right balance between autonomy and entrepreneurial drive at the local level and global platforms that drive cost and scale advantages?

The ten principles for doing business in China

Everyone is opening shop in China because “it’s the place to be.” Before you sign the lease, read this…

Measuring the Efficacy of the World’s Managers

Over the past seven years, Harvard Business School’s Raffaella Sadun and a team of researchers have interviewed managers at some 10,000 organizations in 20 countries. The goal: to determine how and why management practices differ vastly in style and quality not only across nations, but also across various organizations and industries.

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.

Cultural Insights on Doing Business in China

Concepts of “face” and “trust” will help you understand the complexity of Chinese behavior if you also consider that their decisions are guided by five concurrent, seemingly contradictory, realities. Keep them ever in your mind. The Chinese do.

The First Customers

In a new market, you need to secure a foothold. World domination can come later.

Peter Cohan

There are fundamental tenets of Japanese management which remain relevant around the world. Of these, the four most important ones are: Linking a detailed understanding of customer needs with a work environment that motivates workers to satisfy those needs; close attention to details of product quality supported by cross-functional communication; a willingness to learn from competitors’ best practices; and a spirit of continuous improvement.