Businesses say (most of them) that they want to grow their market share
- become more global.
And business leaders say that they lack people with global intelligence skills!
- become more global.
And business leaders say that they lack people with global intelligence skills!
“Globalization of Businesses Enterprise” tries to address gaps at both
the personal and business level, and suggests practical strategies to deal with the real consequences of globalization.
the personal and business level, and suggests practical strategies to deal with the real consequences of globalization.
This Course was developed and refined during Professor Ghemawat's
term as a member of a task force that undertook this study on the globalization
of business and it's education.
term as a member of a task force that undertook this study on the globalization
of business and it's education.
It starts off by debunking many myths that surround globalization - referred to as
“globaloney” by Professor Ghemawat.
“globaloney” by Professor Ghemawat.
Once concepts of what globalization is not - has been established, the student
then devotes time to try and understand what globalization is.
then devotes time to try and understand what globalization is.
Differences between countries that affect levels of globalization and their
implications are summarized using an acronym "CAGE"
- developed by the good Professor Ghemawat.
This framework is being used, widely, by business-schools - worldwide.
implications are summarized using an acronym "CAGE"
- developed by the good Professor Ghemawat.
This framework is being used, widely, by business-schools - worldwide.
Last, but not the least, implications of globalization, for business and
personal development are synthesized.
personal development are synthesized.
Course consists of the following sessions:
Globalization and Globaloney:
How globalized is the world? Data in this regard, and it's comparison to what people think.
Possible reasons for this are also discussed.
CAGE Distance Framework:
Trying to understand differences using CAGE framework. CAGE” is acronym for Cultural, Administrative (institutional and political), Geographic and Economic .
Cultural Distance:
Encompasses differences in race/ethnicity, religious beliefs, language, and
social norms / values.
Administrative Distance:
Administrative differences that can possibly cause problems are
differences in capital and labor systems. This could affect ways by which enterprises are structured and governed.
Geographic Distance:
Focuses on how cross border interactions are influenced by physical distance - such as contiguity within country borders - or how far apart they are.
Some other causes could be access to the sea, topography, and time zones.
Interactions between countries belonging to a region are also discussed.
Focuses on how cross border interactions are influenced by physical distance - such as contiguity within country borders - or how far apart they are.
Some other causes could be access to the sea, topography, and time zones.
Interactions between countries belonging to a region are also discussed.
Economic Distance:
Consumer wealth and income and the cost of labor are the most obvious.
Other differences could be availability (or lac) of resources, inputs, infrastructure,
and organizational capabilities.
Implications of Distances for Business Strategy:
Reviews three broad strategies
- Adaption to adjust to differences across countries and achieve some responsiveness;
- Aggregation to overcome some differences and unlock economies of scale/scope;
- Arbitrage to exploit differences and achieve absolute efficiency;
Reviews three broad strategies
- Adaption to adjust to differences across countries and achieve some responsiveness;
- Aggregation to overcome some differences and unlock economies of scale/scope;
- Arbitrage to exploit differences and achieve absolute efficiency;
Implications of Distances for Personal Strategy: Focuses on the individual rather than the company, and discusses implications for personal development.