Harold L. Sirkin (Senior partner of The Boston Consulting Group (BCG) and of worldwide trade and economic development which the authors call “globality. This chapter explains the concept of globality. Globality is not an activity so much as it is an environment, a state of being. It is mainly fueled by. “A revolution in global business is under way.” So starts Hal Sirkin’s new book, Globality: Competing with Everyone from Everywhere for Everything (Business.
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BCG’s Hal Sirkin on ‘Globality’ and the New Two-way Street of Global Business
Audacity and courage are among the hallmarks of ssirkin startup founders, according to panelists at the recent Wharton India Economic Forum. If you take a U. To compete, companies must know how to balance things. The way to increase the odds of success is to blend those two perspectives together. So the basis of competition that this globalty equilibrium is starting to create is also different. One more thing to add to the dynamic is creativity.
We are seeing it in all sorts of places. And if you look at the rapidly developing economies overall, there are about 3. They face the same opportunities and threats in many ways as the Western companies. Globality is the end-state of globalization — a hypothetical condition in which the process of globalization is complete or nearly so, barriers have fallen, and “a gglobality global reality” is emerging. The one thing we have found is that the age of globalization is actually over.
Globality – Wikipedia
Alter-globalization Anti-globalization Counter-hegemonic globalization Cultural globalization Deglobalization Democratic globalization Economic globalization Environmental globalization Financial globalization Global citizenship education Global governance Global health History of archaic early modern Military globalization Political globalization Trade globalization Workforce globalization. And, in doing so, they are starting to challenge the traditional multinational companies.
This gave Nokia an incredible learning experience. The companies that win will be those that can bring the best of the West and the best of the East to sirikn in global markets. We think that the world is very spiky. You have to be there, you have to learn, and retreat is not an option. So, it was fundamentally a one-way street.
Globality – Harold L. Sirkin, James W. Hemerling, Arindam K. Bhattacharya – Google Books
Governments are retreating from control of the commanding heights of their economies: They also found a way to produce a high quality product at a much lower cost. However, a bunch of local companies came in and started producing cell phones at a much lower cost.
We are all talking about this global slowdown, especially the credit crunch in the U. With respect to global business, they argue that the three fundamental globallity of globalization globalihy these:. According to Sirkin et al.
Ever-cheaper communications and ever-faster computers, along with the Internet, are facilitating the flow of goods and services, as well as knowledge and information.
What other ways glonality people — everyday consumers — recognize the emergence of this process outside of business?
How do you think that dynamic will play out? It was about the companies from the U. Views Read Edit View history.
That means that companies from India, like Tata, or companies from China, like Baosteel, play on the global stage, and compete with the Western companies. If you globalitu to produce a low-end product, you can do it that way. Though Yergin was credited with having coined it, the word is in fact much older.
What should be their strategy to globalize? They now understand how to operate in rapidly developing economies such as China. Now the Western companies have the advantage, so the advantage of the emerging local company is reduced.