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Globalization Archives - Ideas for Leaders

Investing Abroad? Use Your Country’s Diplomats

For companies looking to expand internationally, business networks can play a key role in identifying and implementing foreign market opportunities. Finding the right distribution or manufacturing partner or identifying an opportunity to acquire a chain of retail stores, for example, can influence the decision on which markets to enter. Business networks, however, are not the […]

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The Language Challenge for Social Media in Multinationals

There is no doubt that social media has improved both internal and external corporate communication, especially for multinational companies. Social media has, for example, enabled corporations to increase opportunities for two-way communication with their customers at a low cost. However, customers using social media communicate in their own language, which means that a social media […]

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Why Companies from Emerging Markets Are Putting the Heat on Multinationals

What is the basis for a company’s competitive advantage? Traditionally, this question elicits one of two answers: 1) Industry structure. Finding the product-market space within a particular industry that is optimal for your company: in this space you can establish a monopolistic or at the least an oligopolistic position through various barriers to entry. 2) […]

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Inclusive Leadership: Aligning the Different

There are three key contexts driving the need for ‘inclusive leadership’: 1. Globalization Increasing globalization demands a new global mind-set from leaders, team members and organizations. The ability to engage with people from different cultural, social and educational backgrounds, is an essential skill for any leader.  For multinational corporations developing business in emerging economies, the […]

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How to Lead Virtual Teams

Virtual teams, made necessary by globalization and possible by technology, are now common in business. They’ve taken over traditional functions such as procurement, manufacturing, IT and finance, as well as newer activities such as global supply chain and global service delivery. They’re often assembled for new-product development and R&D. And they’re increasingly found at the […]

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Modernizing without Westernizing: Social Ties and Indian Business

Classical and neo-classical economic theory is predicated largely on an ‘impersonal’ model, in which transactions between parties are governed not by social obligations and kinship ties but by rational and objective calculation of individual gains.  This model is particularly associated with industrialized societies and the mature market economies of the West. One might, therefore, reasonably […]

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The ‘Brazilian Way’: The Future for Africa?

Africa’s growth and development prospects over the past decade have attracted the attention of investors, development agencies and governments across the world. ‘Traditional partners’ — i.e. the Americans and the Europeans — have been joined by new ‘players’ from Asia and Latin America. China, unsurprisingly, leads the emerging-power league: trade between the country and the […]

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