Globalization and Globality
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This is what Harold Sirkin of the Boston Consulting Group calls "globality." Sirkin is the co-author, with BCG partners James W. Hemerling and Arindam K. Bhattacharya, of a book by that title, Globality: Competing With Everyone From Everywhere for Everything. Sirkin likens this trend to Japan's performance after World War II, when that country's manufacturing sector output went from being the butt of jokes to a world-spanning export engine. Now, he says, India and China are going to make the same transition, even as "a lot of [Western] companies are in denial about this." More from Sirkin's conversation with Brian Watson: This shift is going to be more IT-enabled than other shifts. All of a sudden, businesses are going to have to grow into truly global operations, not just country-specific operations. The only thing that will bring that together--and one of the things you absolutely have to have--is IT. This becomes a much more important challenge for CIOs. |

Comments (1)
The SEC today accelerated the implementation of IFRS ... some companies will be reporting using IFRS in 2010 ... with all required by 2014. This will change the global landscape yet again, with operations being consolidated in new offshore locations and capital flowing more and more freely.
A whole bunch of companies are going to find themselves screwed because they don't have the technology infrastructure to make it work.
Posted by James Protzman | August 27, 2008 5:24 PM