'Globality': How Emerging-Market Companies Are Reshaping Global Business
Episode Description
KNOWLEDGE AT WHARTON ARCHIVES: Tata Motors, Embraer and Good Baby make vastly different products, but they have one thing in common: They are among a new breed of emerging-market companies that are reshaping global business. In GLOBALITY: Competing with Everyone from Everywhere for Everything, authors Harold L. Sirkin, James W. Hemerling and Arindam K. Bhattacharya contend that the old model of globalization is evolving into a new phase in which "challengers" from rapidly developing economies such as Brazil, India, China and Russia are competing with incumbent Western giants and growing at a staggering 30% per year. In this video special report, Sirkin, a senior partner and managing director at The Boston Consulting Group, and Wharton faculty discuss the factors that are contributing to this shift and what it means for companies hoping to compete in the 21st century.
More on this interview: https://knowledge.wharton.upenn.edu/article/globality-why-companies-are-competing-with-everyone-from-everywhere-for-everything/
#globalization #globalbusiness 📂 Management
Brief Summary
Emerging market companies are reshaping global business dynamics, emphasizing the necessity of globality for survival.
Key points
- The Era of Globality. Companies from emerging economies are becoming real competitors on the global stage.
- Tata's Nano Car. Tata has developed the world's cheapest car, the Nano, challenging global automakers.
- Innovative Distribution in Mumbai. AEL uses local couriers to distribute phone cards efficiently in Mumbai.
- Aravind Eye Care's Unique Model. Aravind performs over 250,000 cataract surgeries a year, revolutionizing healthcare.
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Episode highlights
- The Era of GlobalityCompanies from emerging economies are becoming real competitors on the global stage.“That's the sign we've entered the era of globality.”0:58Nov 20, 2008
- Tata's Nano CarTata has developed the world's cheapest car, the Nano, challenging global automakers.“Tata does on the high end, producing luxury cars at lower costs.”3:10Nov 20, 2008
- Innovative Distribution in MumbaiAEL uses local couriers to distribute phone cards efficiently in Mumbai.“The reliability of these couriers exceeds that of Six Sigma.”9:37Nov 20, 2008
- Aravind Eye Care's Unique ModelAravind performs over 250,000 cataract surgeries a year, revolutionizing healthcare.“They give away 60% of their products and still make a profit.”10:56Nov 20, 2008
