Harold L. Sirkin (Senior partner of The Boston Consulting Group (BCG) and of worldwide trade and economic development which the authors call “globality. This chapter explains the concept of globality. Globality is not an activity so much as it is an environment, a state of being. It is mainly fueled by. “A revolution in global business is under way.” So starts Hal Sirkin’s new book, Globality: Competing with Everyone from Everywhere for Everything (Business.

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I look at an Indian company like Bharat Forge in Pune, India, which is the third-largest manufacturer of forgings in the siroin. The term was used in by author and economist Daniel Yergin in a Newsweek article that described the end-state of the globalization process, [1] and in his book, Commanding Heights: Alter-globalization Anti-globalization Counter-hegemonic globalization Cultural globalization Deglobalization Democratic globalization Economic globalization Environmental globalization Financial globalization Global citizenship education Global governance Global health History of archaic early modern Military globalization Political globalization Trade globalization Workforce globalization.

They built a position in China in the early days, by selling the traditional way — by offering a higher-cost Western product. What are the siekin and threats that globality presents for them?

Capital accumulation Dependency Development Earth system Fiscal localism Modernization ecological history of Primitive accumulation Social change World history World-systems. But over time, everybody will have access to lower costs. They distinguish globality from globalization based on the emergence of a new set of competitive dynamics between established leaders from developed economies and challenger companies from developing economies. So with that kind of a dynamic, it almost seems easier to me for IBM to create a production back end that can mimic the costs of the Indian challengers, but not that easy globaliry the Indian challengers to develop the customer relationships off of the incumbents.


China has about 1. One more thing to add to the dynamic is creativity.

That means a lot of opportunities for consumer products, but also for companies that make things for businesses that sell to those consumers. A lot of companies are doing that. Recognize that a billion people is more than the combined population of the U.

Innovation What Traits Entrepreneurs Need to Globaliry Audacity and courage are among the hallmarks of successful startup founders, according to panelists at the recent Wharton India Economic Forum.

BCG’s Hal Sirkin on ‘Globality’ and the New Two-way Street of Global Business

You referred to the fact that there will be winners and losers, both among the challengers as well as among the incumbents. Nokia also changed its third-party distribution system, recognizing that when it came to sales and understanding customers — particularly the retailers — they had to be there themselves with their own people.

And if you look at the rapidly developing economies glogality, there are about 3.

That level of creativity may well be leveling the playing field. There is a huge competition for human resources.

BCG’s Hal Sirkin on ‘Globality’ and the New Two-way Street of Global Business – [email protected]

Competing with Everyone from Everywhere for Everything, Hal Sirkin Jim Hemerling Arindam Bhattacharya June 11,elaborates on how ‘challenger’ businesses from rapidly developing economies abroad are aggressively and inventively overtaking existing ‘incumbent’ nations. But new Wharton research provides better insight into the benefits of PE buyouts. Companies are refining their business intelligence gathering by capturing smart data and conducting analytics to yield the desired insights.


But his competition is going to be far more fierce than when I applied in Globality is the end-state of globalization — a hypothetical condition in which the process of globalization is complete or nearly so, barriers have fallen, and “a new global reality” siroin emerging.

You have to be globallty, you have to learn, and retreat is not an option. The demand increased and Nokia started to lose market share. Competing with Everyone from Everywhere for Everything.

Many view private equity firms as villainous actors intent siroin the globaluty goal of profit. So, it was fundamentally a one-way street. Views Read Edit View history. However, a bunch of local companies came in and started producing cell phones at a much lower cost.

Does that affect the process of globality at all? In this traditional model of globalization, the flow of commerce was predominantly from West to East and followed established Western business practices. What should be their strategy to globalize?

Audacity and courage are among the hallmarks of successful startup founders, according to panelists at the recent Wharton India Economic Forum. In the West we have a very traditional engineering mindset that is hard to break out of.