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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The world is going to get much more competitive. The World Is Flat. But of course, the flip side of a threat is an opportunity. Now the Western companies have the advantage, so the advantage of the emerging local company is reduced. And if you look at the xirkin developing economies overall, there are about 3.

Companies xirkin refining their business intelligence gathering by capturing smart data and conducting analytics to yield the desired insights. However, a bunch of local companies came in and started producing cell phones at a much lower cost. They have hundreds of thousands of employees there. They distinguish globality from globalization based on the emergence of a new set of competitive dynamics between established leaders from developed economies and challenger companies from developing economies.

This gave Nokia an incredible learning experience.

BCG’s Hal Sirkin on ‘Globality’ and the New Two-way Street of Global Business

China has about 1. It may speed it up a little bit because there will be more pressure to lower costs, which of course is one of the advantages of operating in developing economies. But new Wharton research provides better insight into the benefits of PE buyouts. Nokia also changed its third-party distribution system, recognizing that when it came to sales and understanding customers — particularly the retailers — they had to be there themselves with their own people.

Though Yergin was credited with having coined it, the word is in fact much older. By using this site, you agree to the Terms of Use and Privacy Policy. They built a position in China in the early days, by selling the traditional way — by offering a higher-cost Western product.


Log In or sign up to comment. The companies that win will be those that can bring the best of the West and the best of the East to bear in global markets.

That means a lot of opportunities for consumer products, but also for companies that make things for businesses that sell to those consumers. Governments are retreating from control of the commanding heights of their economies: The demand increased and Nokia started to lose market share. We are all talking about this global slowdown, especially the credit crunch in the U.

If you take sirkkn U. The way to increase the odds of success is to blend those two perspectives together. Competing with Everyone from Everywhere for Everything. Many view private equity firms as villainous actors intent on the singular goal of profit.

Globality – Wikipedia

That level of creativity may well be leveling the playing field. What should be their strategy to globalize? A new equilibrium will eventually settle in, but it will be a long time before that happens because a lot of change will take place first.

Innovation What Traits Entrepreneurs Need to Succeed Audacity and courage are among the hallmarks of successful startup founders, according to panelists at the recent Wharton India Economic Forum. How much globalityy this erode the competitive advantage of emerging challengers from these countries, when multinational companies set up operations there?

To compete, companies must know how to balance things. You may overlook them as potential competitors, but they are starting to show up in the U. We are seeing it in all sorts of places. With respect to global business, they argue that the three fundamental characteristics of globalization were these:.

So the basis flobality competition that this new equilibrium is starting to create is also different. You referred to the fact that there will be winners and losers, both among the challengers as well as among the incumbents. One more thing to add to the dynamic is creativity.


Globality – Harold L. Sirkin, James W. Hemerling, Arindam K. Bhattacharya – Google Books

And, in doing so, they are starting sitkin challenge the traditional multinational companies. Audacity and courage are among the hallmarks of successful startup founders, according to panelists at the recent Wharton India Economic Forum.

This page was last edited on 12 Octoberat What are the opportunities and threats that globality presents for them? What other ways will people — everyday consumers — recognize the emergence of this process outside of business? According to all these authors, globality is what comes next after globalization: Those are huge markets.

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. They face the same opportunities and threats in many ways as the Western companies.

We think that over the next 20 years, another sirikn consumers will move from abject poverty and enter the consumer market. 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.

I can charge the right price and learn the right skills. What we have seen over the last five years is not just companies from the West coming to India and China, etc.

All articles with unsourced statements Articles with unsourced statements from March Articles with unsourced quotes. We think that the world is very spiky. You have to be there, you have to learn, and retreat is not an option.