We are your source of ideas and discussion about current issues in global business. Is Globalization growing or fading? Is Globalization the source of problems or the source of solutions? More than taking sides on particular arguments, we want to promote exchange of views. All win by understanding the two sides of every argument.
Curated by Georgetown University’s Global Business Initiative, this site has been launched to accompany the Global Business in Practice MOOC, available now on edX. Register today!
We’RE living in a globalized world.
The global environment that characterizes today’s business world highlights the importance of being up-to-date in many dimension which clearly go beyond the geographical boundaries of one country. Nowadays, it is common to see a company that develops a new product in the US, manufactures it in Asia and sells it in Europe. The world is becoming a “market place” not only for selling but for also for buying. Wage rate differentials, expanding foreign markets, faster information technologies and improved transportation are breaking down barriers of time and space between countries, forcing industries, companies, and managers to take a global dimension, i.e., the world is becoming flat. To become global business leaders, we need to understand what is happening! We live in a highly globalized world characterized by rapid change and fast business transactions. We are surrounded by these buzzwords: Innovation, creativity, entrepreneurs, new business models, Uber, Airbnb, Twitter, Facebook. And all of these elements have been aggravated by the recent globalization. We are living in a world that does business 24/7, non-stop. The world has become flat—distance does not exist anymore. Chances are, you will know what is happening in a foreign country across the world faster than you will know what your neighbor is up to.
And we’re here to help you understand what that means.
There are also new business slogans dominating the traditional business paradigms: Competing with everyone from everywhere for everything! Produce nowhere to sell everywhere! My Supply Chain against your Supply Chain rather than my Company against your Company.
The fact is that we all compete for Resources, Talent, Ideas, Customers, Channels of Distribution, Partnerships, Technology, and even Capital. Traditional approaches and traditional thinking have to be questioned. Globalization implies multi-dimensional all-inclusive problems. And you need to be ready to understand what that means!
A fundamental knowledge of core business disciplines is clearly a “must” but the complexity of the global world requires us to push the envelope and extend the limits of what is possible. Hopefully these discussions will help all in the transformation from being simply a business manager into a becoming a Global Business Leader!