Pankhaj Ghemawat is a well-known economist whose believes question the perfect across border market integration. What is interesting‚ Ghemawat became the youngest ‘guru’ included in the guide of the greatest management thinkers of all time published by The Economist in 2008. Among other research articles‚ he is an author of “The Cosmopolitan Corporation’ published in Harvard Business Review’ in May 2011. In his short thesis‚ Ghemawat claims that the global approach to the business mangement many
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Introduction to International Business Review on Harvard Business Review CHINA VS THE WORLD Whose Technology Is It? by Thomas M. Hout and Pankaj Ghemawat‚ December 2010 In this review on the article “CHINA VS THE WORLD – Whose Technology Is It?” by Thomas M. Hout and Pankaj Ghemawat (Harvard Business Review‚ December 2010‚ Pages 95-103)‚ the main purpose is to critical evaluate the authors’ opinions and statements. The above-mentioned article deals with the subject of China being one
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Summary Pankaj Ghemawat’s article‚ “Distance Still Matters: The Hard Reality of Global Expansion” discusses the reasons and rationale that drive companies to over-estimate profit potential in foreign markets. Ghemawat analyzes the failures of different companies’ (News Corp‚ Tricon Restaurants‚ etc..) foreign expansion endeavors to determine what these failures had in common. From his analysis‚ Ghemawat concludes that these failures share one common attribute: a failure to account for distance
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This is a reflection of the Harvard Business Review of Thomas M. Hout and Pankaj Ghemawat “China vs. the world”‚ HBR December 2010‚ page 94-103. Thomas M. Hout is a professor at the University of Hong Kong’s School of Business since 2002. He teaches Strategy‚ Operations and Information‚ Business Strategies for China and India and fast companies (IMBA program in Shanghai)[1][2]. Pankaj Ghemawat is the Anselmo Rubiralta Professor of Global Strategy at IESE (spanish: Instituto de Estudios Superiores
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Globalization Note Series Pankaj Ghemawat and Sebastian Reiche National Cultural Differences and Multinational Business The eminent Dutch psychologist‚ management researcher‚ and culture expert Geert Hofstede‚ early in his career‚ interviewed unsuccessfully for an engineering job with an American company. Later‚ he wrote of typical cross-cultural misunderstandings that crop up when American managers interview Dutch recruits and vice versa: “American applicants‚ to Dutch eyes‚ oversell themselves
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Bibliography: Article Florida‚ R. 2005‚ ’The world is spiky‚ ’ Atlantic Monthly (October)‚ pp.48-51. Friedman‚ T.L. 2005‚ ’It’s a flat world‚ after all ’‚ The New York Times Magazine‚ April 3‚ pp. 33-37. Ghemawat‚ P. 2007‚ ’Why the world isn ’t flat‚ ’ Foreign Policy (March-April)‚ pp.54-60. Hill‚ C and Cronk‚ T and Wickramasekera‚ R. ‘Global Business Today’‚ pp.8 Internet ‘The World is Not Flat - It ’s Spiky’‚ February 26‚ 2006‚ from: http://remoteaccess
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nearly completely internationalized. However‚ Pankaj counters by declaring that most economic activity that can either be conducted within or across borders are still quite localized. He also proclaims that Technologies and standards do enable connectivity and collaboration at a distance‚ and that is important. It is also likely that the separation of where certain services can be performed from where they are delivered will matter a great deal. Lastly Ghemawat concludes with his example of Google‚ where
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The Dubious Logic of Global Megamergers Because of the changing of the organization of the world‚ the oil industry starts to globalization as the other sectors. Also it provides acquisition for companies. According to Pankaj Ghemawat and Fariborz Ghadar “empirical research indicates that global or globalizing industries have actually been marked by steady decreases in concentration since World War II” When we focus on the relationship between globalization and concentration‚ first we meet
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through the Internet. Key Issue 3: Recommendation: Even though the way Cemex evaluates a country in order to invest‚ they should implement other methods. Recommendation: Cemex is constantly entering new countries. The problem is as Pankaj‚ Ghemawat said that distance is not only about geography but cultural‚ administrative‚ geographic and economic. In order for Cemex to continue growing they have to learn more about different countries. They said that language is not a barrier since they
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China. This paper examines the various issues which Argos must take under consideration while planning to launch its very first retail outlet in China. The decision to expand your business across borders can be quite a crucial one. According to (Ghemawat 2001) “companies routinely exaggerate the attractiveness of foreign markets‚ which can lead to expensive mistakes.” Additionally‚ one must also critically analyze its competitors in the potential market which they seek to enter. * Competition
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