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About Pankaj Ghemawat
Ghemawat is the Anselmo Rubiralta Professor of Global Strategy at IESE Business School and Global Professor of Management and Strategy and Director of the Center for the Globalization of Education and Management at the Stern School of Business at New York University.
Between 1983 and 2008, he was on the faculty at the Harvard Business School where he became the youngest person in the school's history to be appointed a full professor (1991).
Ghemawat is also the youngest "guru" included in The Economist's guide to the greatest management thinkers of all time (2008). He is ranked among the top twenty management thinkers worldwide by Thinkers50. Other recent honors include the Booz Eminent Scholar Award of the International Management Division of the Academy of Management, the McKinsey Award for the best article published in the Harvard Business Review, and the Irwin Educator of the Year award from the Business Policy and Strategy Division of the Academy of Management.
Ghemawat's books include The New Global Road Map: Enduring Strategies for Turbulent Times (Harvard Business Review Press, 5/1/2018), The Laws of Globalization (Cambridge University Press) World 3.0 (Harvard Business Review Press), and Redefining Global Strategy (Harvard Business Review Press).
The Economist recommends that Ghemawat's World 3.0 should "be read by anyone who wants to understand the most important economic developments of our time." It won Thinkers50's biannual award for the best business book.
Ghemawat is the principal author of the biennial DHL Global Connectedness Index and the Chairman of the Foundation for Practice and Research in Strategic Management (PRISM). He served on the taskforce appointed by the AACSB, the leading accreditation body for business schools, on the globalization of management education, and authored the report's recommendations about what to teach students about globalization, and how.
For more, including dynamic maps and proprietary tools, visit Ghemawat.com.
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What Globalization Now Means for Your Business
Executives can no longer base their strategies on the assumption that globalization will continue to advance steadily. But how should they respond to the growing pressures against globalization? And what can businesses do to control their destinies in these times of uncertainty?
In The New Global Road Map, Pankaj Ghemawat separates fact from fiction by giving readers a better understanding of the key trends affecting global business. He also explains how globalization levels around the world are changing, and where they are likely to go in the future. Using the most up-to-date data and analysis, Ghemawat dispels today's most dangerous myths and provides a clear view of the most critical issues facing policy makers in the years ahead.
Building on this analysis, with examples from a diverse set of companies across industries and geographies, Ghemawat provides actionable frameworks and tools to help executives revise their strategies, restructure their global footprints, realign their organizations, and rethink how they work with local governments and institutions.
In our era of rising nationalism and increased skepticism about globalization's benefits, The New Global Road Map delivers the definitive guide on how to compete profitably across borders.
New Tools for Succeeding Globally
Why do so many global strategies fail--despite companies' powerful brands and other border-crossing advantages? Because a one-size-fits-all strategy no longer stands a chance.
When firms believe in the illusions of a "flat" world and the death of distance, they charge across borders as if the globe were one seamless marketplace. But cross-border differences are larger than we assume. Most economic activity--including trade, real and financial investment, tourism, and communication--happens locally, not internationally. In this "semiglobalized" approach, companies can cross borders more profitably by basing their strategies on the geopolitical differences that matter; they must identify the barriers their strategies will have to overcome, and they must build bridges to cross those barriers. Based on rigorous research, Pankaj Ghemawat shows how to create successful strategies and provides practical management tools so you can:
- Assess the cultural, administrative, geographic, and economic differences between regions at the industry level--and decide which ones require attention
- Track the implications of the specific border-crossing actions that will impact your company's ability to create value the most
- Generate superior performance through strategies that are optimized for the three A's: adaptation (adjusting to differences), aggregation (overcoming differences), and arbitrage (exploiting differences)
Using in-depth examples, Ghemawat reveals how companies such as Cemex, Toyota, Procter & Gamble, Tata Consultancy Services, IBM, and GE Healthcare are adroitly managing cross-border differences. He also shares examples of other well-known companies that have failed at this challenge. Crucial for any business competing across borders, Redefining Global Strategy will help you make the most of our semiglobalized world.
This fourth edition includes chapters on competitive dynamics (with Bruno Cassiman), corporate strategy (with Jan Rivkin), and more. It combines academic thinking with examples and insights drawn from consulting.
In this brilliant reassessment of how companies gain and sustain competitive advantage, Pankaj Ghemawat consolidates contemporary research in economics and other disciplines into a comprehensive yet practical framework for comparing commitments to strategically distinct options. This framework will help managers address specific strategic choices such as entry, exit, vertical/horizontal integration, capacity expansion, and innovation, as well as choices of generic strategy.
Step by systematic step, Ghemawat provides managers with the tools and techniques they need to improve the quality of the choices that they make. Specifically, Ghemawat discusses:
* how to identify the choices that are truly strategic -- that involve commitment -- before rather than after the fact
* how to analyze the short-run and long-run competitive positions implied by a particular strategic option
* how to assess the sustainability of superior competitive positions over time
* how to account for the flexibility afforded by a particular option in dealing with future uncertainties
* how to deal with both honest mistakes and deliberate distortions in the process of choice
This pathbreaking book will help managers invest in the future. Its logic applies to choices involving disinvestment as well as those involving investment -- and to choices that embody elements of both. Its logic can be used for diagnostic purposes, such as the valuation of business, and most broadly, it win force managers to think about important issues that they may have tended to ignore.
Ghemawat's discussion of these important ideas is concise, studded with detailed examples, based on rigorous research and, above all, practical. It will become required reading for thoughtful practitioners as well as practitionersto-be in the 1990s.
Many people fuse these two dimensions of choice into one, either favoring both globalization and deregulation—or opposing both of them.
It doesn’t have to be that way.
In World 3.0, award-winning author and economist Pankaj Ghemawat reveals the folly in both of these responses. He calls for a third worldview—one in which both regulation and cross-border integration coexist and complement one another.
Ghemawat starts by exposing common assumptions about globalization to hard data, proving that the world is not nearly as globalized as we think. And he explains why the potential gains from further integration are much larger than even pro globalizers tend to believe.
He then tackles market failures and fears—job losses, environmental degradation, macroeconomic volatility, and trade and capital imbalances—that opponents of globalization often invoke. Drawing on compelling data, he shows that increased globalization can actually alleviate some of these problems.
Finally, Ghemawat describes how a wide range of players—businesses, policy makers, citizens, media—can help open up flows of ideas, people, and goods across borders, but in ways that maximize the benefits and minimize the potential side effects.
World 3.0 dispels powerfully entrenched—but incorrect—assumptions about globalization. Provocative and bold, this new book explains how people around the world can secure their collective prosperity through new approaches to cross-border integration. Ghemawat’s thinking will surprise and move you—no matter where you stand on globalization.
في اقتصادنا المعولم كما هو مفترض، تُنصح الشركات باقتحام الحدود، كأنما العالم أصبح سوقاً واحداً مسطحاً لا عراقيل فيه ولا عقبات ولا حواجز.
لكن العالم ليس مسطحاً إلى هذا الحد. فالشركات التي لا تأخذ بالحسبان الاختلافات والفوارق السياسية والثقافية والاقتصادية لا بد أن تفشل. كتاب بانكاج غيماوات، الأستاذ الجامعي والمستشار الإستراتيجي، «إعادة تعريف الإستراتيجية العالمية» يعرض رأياً واقعي المرتكز عن العولمة –وأدوات عملية لمساعدة الشركات على عبور الحدود وجني الأرباح.
يقدم غيماوات حجة تنقض الحكمة التقليدية السائدة عن العولمة، ويؤكد أن العالم هو في الواقع في حالة «شبه عولمة». وعبر التحليل الميسر المعتمد على ال