Manage Your Assets

Madden, Jim; Bendor-Samuel, Peter; Starritt, Nick; Rhinesmith, Stephen H.
January 2004
Financial Executive;Jan/Feb2004, Vol. 20 Issue 1, p56
Academic Journal
The article discusses factors to consider by business enterprises regarding globalization. The author notes that it is hard to resist the allure of expanding globally and discusses several factors that make a convincing case for building worldwide businesses. He notes that globalization is a powerful business strategy, but it carries significant risks and that a failed globalization plan can be expensive and can damage a company's reputation. He adds that going global is not about where a company does business but how it will do business. The greatest mistake a company leader can make in globalizing operations is to assume that when a new strategy has been announced and a new structure has been created, the company has become global.


Related Articles

  • Gartner Sees Challenge in Handling Complexity. Marshall, Jeffrey; Heffes, Ellen M. // Financial Executive;Dec2003, Vol. 19 Issue 9, p12 

    This article presents the outlook of the technology research and advisory firm Gartner Inc. on the impact of globalization and new enterprise business models on information services in the U.S. by 2007. The author provides the core disciplines recommended by the firm for managing complexity...

  • Changing Times in the Automotive Industry. Gilmour, Allan D. // Academy of Management Executive (08963789);Feb1988, Vol. 2 Issue 1, p23 

    This article offers a look at the changes that have occurred in the U.S. automobile industry and the author discusses how the industry developed into its current state. The author believes that in the era of globalization managing by principals will be fundamental to business success and...

  • INTERNATIONAL DIVERSIFICATION: EFFECTS ON INNOVATION AND FIRM PERFORMANCE IN PRODUCT-DIVERSIFIED FIRMS. Hitt, Michael A.; Hoskisson, Robert E.; Kim, Hicheon // Academy of Management Journal;Aug1997, Vol. 40 Issue 4, p767 

    Theory suggests and results show that firm performance is initially positive but eventually levels off and becomes negative as international diversification increases. Product diversification moderates the relationship between international diversification and performance. International...

  • LRP for International Operations. FAYERWEATHER, JOHN // California Management Review;Fall1960, Vol. 3 Issue 1, p23 

    This article outlines three major areas in which organizational changes are required in order to maintain effective international business operations. These changes are concerned with meeting the threat of nationalism, developing local, national executives for overseas branches and...

  • Dynamic Capabilities and Multinational Enterprise: Penrosean Insights and Omissions. Augier, Mie; Teece, David J. // Management International Review (MIR);2007 2nd Quarter, Vol. 47 Issue 2, p175 

    • Penrose's legacy is a curious one. Much cited, but little read, her work is recognized as one of the main intellectual foundations for modern resource based theories of business strategy and theories of organizational routines and capabilities. • However, Penrose did not aim to...

  • Fast Strategy: How Strategic Agility Will Help You Stay Ahead of the Game. Doz, Yves; Kosonen, Mikko // Fast Strategy - Business Book Summaries;2008, Vol. 1 Issue 1, p1 

    Companies that are strategically agile learn to change their direction quickly and to transform themselves without losing their day-to-day business momentum. These companies usually have CEOs and top leadership teams who understand how to make their companies more competitive in the marketplace....

  • For Successful Organization Culture, Honor Your Past. Wilkins, Alan L.; Bristow, Nigel J. // Academy of Management Executive (08963789);Aug1987, Vol. 1 Issue 3, p221 

    It is perhaps an understatement to say that changing an organization's culture is difficult. We know this to be true because many efforts have simply not succeeded. Wilkins and Bristow explore several reasons why attempts to change organization culture have failed. They propose that instead of...

  • INTEGRATION Key to M&A Success. Wolf, Renita // Financial Executive;Sep2003, Vol. 19 Issue 6, p62 

    This article presents an examination of the merger and acquisition process and the author discusses how companies can successfully maneuver their way through these deals. The author notes that the integration stage needs to be aggressively managed and management needs to be attentive to all...

  • The Role of Global Scanning in Business Planning. Davidson, William H. // Organizational Dynamics;Winter91, Vol. 19 Issue 3, p4 

    This article focuses on the role and necessity of global business environmental scanning in business planning by reviewing some of the most important international developments of the past decade. As all sectors of the economy become more intimately linked to the global environment, events that...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics