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Everyday, more and more companies embark on international business.
Through a collection of articles by leading scholars in
International Business this book answers fundamental questions such
as: How do companies create value through global strategy? What are
the sources of value creation? How do companies organize themselves
and manage the process of international expansion? How does
location specificity matter in this process? "Creating Value
through Global Strategy" will be of interest to academics and
professionals in international business and management.
The Laws of Globalization and Business Applications employs a
variety of empirical methodologies to establish two broad
regularities that apply to international activity at the firm,
industry, and country levels - the law of semiglobalization and the
law of distance - and explores some of their implications for
business. Part I presents evidence in support of the law of
semiglobalization at the country and the business levels
historically and up to the present. Part II performs an analogous
function regarding the second law of globalization, showing that
the gravity models that international economists have used to
analyze merchandise trade between countries also apply to other
types of international interactions - and at the industry and firm
levels as well. Part III applies these laws to various challenges
and opportunities that distance along various dimensions presents
to multinational firms. A free online appendix provides additional
data, analysis, and documentation to support research applications.
The Laws of Globalization and Business Applications employs a
variety of empirical methodologies to establish two broad
regularities that apply to international activity at the firm,
industry, and country levels - the law of semiglobalization and the
law of distance - and explores some of their implications for
business. Part I presents evidence in support of the law of
semiglobalization at the country and the business levels
historically and up to the present. Part II performs an analogous
function regarding the second law of globalization, showing that
the gravity models that international economists have used to
analyze merchandise trade between countries also apply to other
types of international interactions - and at the industry and firm
levels as well. Part III applies these laws to various challenges
and opportunities that distance along various dimensions presents
to multinational firms. A free online appendix provides additional
data, analysis, and documentation to support research applications.
Everyday, more and more companies embark on international business.
Through a collection of articles by leading scholars in
International Business this book answers fundamental questions such
as: How do companies create value through global strategy? What are
the sources of value creation? How do companies organize themselves
and manage the process of international expansion? How does
location specificity matter in this process? Creating Value through
International Strategy will be of interest to academics and
professionals in international business and management.
What Globalization Now Means for Your Business Executives can no
longer base their strategies on the assumption that globalization
will continue to advance steadily. But how should they respond to
the growing pressures against globalization? And what can
businesses do to control their destinies in these times of
uncertainty? In The New Global Road Map, Pankaj Ghemawat separates
fact from fiction by giving readers a better understanding of the
key trends affecting global business. He also explains how
globalization levels around the world are changing, and where they
are likely to go in the future. Using the most up-to-date data and
analysis, Ghemawat dispels today's most dangerous myths and
provides a clear view of the most critical issues facing policy
makers in the years ahead. Building on this analysis, with examples
from a diverse set of companies across industries and geographies,
Ghemawat provides actionable frameworks and tools to help
executives revise their strategies, restructure their global
footprints, realign their organizations, and rethink how they work
with local governments and institutions. In our era of rising
nationalism and increased skepticism about globalization's
benefits, The New Global Road Map delivers the definitive guide on
how to compete profitably across borders.
New Tools for Succeeding Globally Why do so many global strategies
fail--despite companies' powerful brands and other border-crossing
advantages? Because a one-size-fits-all strategy no longer stands a
chance. When firms believe in the illusions of a "flat" world and
the death of distance, they charge across borders as if the globe
were one seamless marketplace. But cross-border differences are
larger than we assume. Most economic activity--including trade,
real and financial investment, tourism, and communication--happens
locally, not internationally. In this "semiglobalized" approach,
companies can cross borders more profitably by basing their
strategies on the geopolitical differences that matter; they must
identify the barriers their strategies will have to overcome, and
they must build bridges to cross those barriers. Based on rigorous
research, Pankaj Ghemawat shows how to create successful strategies
and provides practical management tools so you can: Assess the
cultural, administrative, geographic, and economic differences
between regions at the industry level--and decide which ones
require attention Track the implications of the specific
border-crossing actions that will impact your company's ability to
create value the most Generate superior performance through
strategies that are optimized for the three A's: adaptation
(adjusting to differences), aggregation (overcoming differences),
and arbitrage (exploiting differences) Using in-depth examples,
Ghemawat reveals how companies such as Cemex, Toyota, Procter &
Gamble, Tata Consultancy Services, IBM, and GE Healthcare are
adroitly managing cross-border differences. He also shares examples
of other well-known companies that have failed at this challenge.
Crucial for any business competing across borders, Redefining
Global Strategy will help you make the most of our semiglobalized
world.
Game theory has come to dominate industrial organization
economics, but business strategists continue to debate its
usefulness. So far, empirical work on the application of game
theory to business strategy has been too limited to force a
consensus. As a (partial) remedy, Games Businesses Play uses
detailed case studies of competitive interaction to explore the
uses and limits of game theory as a tool for business
strategists.Because they are analytical rather than descriptive,
the case studies are not typical teaching cases. The cases are
paired with customized game-theoretic models that cover a wide
range of commitment decisions, from short-run commitments such as
price to longer-run commitments such as capacity expansion and
reduction, product and process innovation, and battles for market
share. A variety of quantitative and qualitative techniques are
used to test the models' predictions on case data. In addition the
book sheds light on a number of other issues important to strategic
management, including the resource-based view of the firm and the
emergent theory of dynamic capabilities.
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