Decentering

The concept of decentering is an important aspect in today’s changing global economy. Companies cannot afford to remain in one location if they want to experience growth and ensure a sustainable competitive advantage. Government regulations and legal framework vary by country and can have a significant impact on a company’s competitiveness and financial stability. Some companies research the advantages to where they want to locate their business. They seek out European countries that make it easier to do business by reducing red tape and administrative burdens on foreign owned firms. The stability of a country’s government, laws, tax rate, and culture are important advantages in choosing a business environment. Most firms continue to have a national identity but choose to expand their business within the global economy without sacrificing who they are and what they do. It may take a little more research into learning more about a company however; with the internet it makes finding information much easier especially if the corporation is publically traded. The internet and other technology enable businesses to operate efficiently from anywhere in the world without having to worry about relocation factors for workers. The availability of a highly skilled diverse workforce becomes more accessible when corporations expand their businesses globally. A talented workforce that is recruited globally provides the quality and skills that create competitive advantage. One should not forget though to look for new markets that may have cultural similarities to avoid social differences.
Some organizations for example, ABB Inc., look at countries that maintain a high standard of integrity, corporate governance and risk factors. ABB is headquartered in Zurich, Switzerland, is publically traded on the SIX Swiss Exchange in Zurich, the Stockholm Stock Exchange in Sweden and the New York Stock Exchange in the United States. An advantage to listing on more than one stock exchange