Redefining Global Strategy: Crossing Borders in a World Where Differences Still Matter

Redefining Global Strategy: Crossing Borders in a World Where Differences Still Matter

By Pankaj Ghemawat

Why do so many global strategies fail--despite companies' powerful brands and other border-crossing advantages. Seduced by market size, the illusion of a borderless, "flat" world, and the allure of similarities, firms launch one-size-fits-all strategies. But cross-border differences are larger than we often assume, explains Pankaj Ghemawat in Redefining Global Strategy.

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January 2008 Bestseller

January 2008 Bestseller
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Book Information

Publisher: Harvard Business Review Press
Publish Date: 08/27/2007
Pages: 272
ISBN-13: 9781591398660
ISBN-10: 1591398665
Language: English

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Full Description

Why do so many global strategies fail--despite companies' powerful brands and other border-crossing advantages? Seduced by market size, the illusion of a borderless, "flat" world, and the allure of similarities, firms launch one-size-fits-all strategies. But cross-border differences are larger than we often assume, explains Pankaj Ghemawat in Redefining Global Strategy. Most economic activity--including direct investment, tourism, and communication--happens locally, not internationally. In this "semiglobalized" world, one-size-fits-all strategies don't stand a chance. Companies must instead reckon with cross-border differences. Ghemawat shows you how--by providing tools for: - Assessing the cultural, administrative, geographic, and economic differences between countries at the industry level and deciding which ones merit attention. - Tracking the implications of particular border-crossing moves for your company's ability to create value. - Creating superior performance with strategies optimized for adaptation (adjusting to differences), aggregation (overcoming differences), and arbitrage (exploiting differences), and for compound objectives. In-depth examples reveal how companies such as Cemex, Toyota, Procter & Gamble, Tata Consultancy Services, IBM, and GE Healthcare have adroitly managed cross-border differences--as well as how other well-known companies have failed at this challenge. Crucial for any business competing across borders, this book will transform the way you approach global strategy.

About the Author

Pankaj Ghemawat --globalization and business strategist, professor, and speaker--works with organizations and policy makers around the world to help them anticipate and prepare for economic shifts.

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More By This Author

Redefining Global Strategy, with a New Preface: Crossing Borders in a World Where Differences Still Matter

Redefining Global Strategy, with a New Preface: Crossing Borders in a World Where Differences Still Matter

Pankaj Ghemawat

Harvard Business Review Press

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