After reading Professor Pankaj Ghemawat’s essay‚ “Distance Still Matters”‚ it had my mind racing. Does distance still really matter in globalization? His idea that distance still matters in globalization is quite relevant today. He talks about how the actual distance from one country to another is very important‚ due to the costs of shipping products. But that isn’t the only thing he means by distance‚ he includes that distance also has administrative and political‚ economic and cultural differences
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Distance Still Matters The Hard Reality of Global Expansion by Pankaj Ghemawat • Included with this full-text Harvard Business Review article: 1 Article Summary The Idea in Brief—the core idea The Idea in Practice—putting the idea to work 2 Distance Still Matters: The Hard Reality of Global Expansion 12 Further Reading A list of related materials‚ with annotations to guide further exploration of the article’s ideas and applications Reprint R0108K TOOL KIT Distance Still
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companies should still be careful on expanding into other markets. Companies must measure the impact of distance to avoid the blindness expansion‚ which there are four dimensions of distance: Culture‚ Administrative‚ Geographic and Economic. Each dimension encompasses many factors‚ some of which are apparent‚ but some are subtle. Different industries are affected by different dimensions‚ thus industry sensitivity to distance is various. So people need to do the CAGE distance framework analysis
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This article is written by Pankaj Ghemawat‚ an Indian-American economist‚ global professor of management and strategy‚ speaker and a lead author of the DHL Global Connectedness Index. He is known for his work in the study of globalization. He has contradicted the Tom Friedman saying that the world isn’t nearly as flat as he said. The article is regarding globalization or semi globalization. According the article‚ the first argument is that there is more investment in the world now than the early
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Summary Pankaj Ghemawat’s article‚ “Distance Still Matters: The Hard Reality of Global Expansion” discusses the reasons and rationale that drive companies to over-estimate profit potential in foreign markets. Ghemawat analyzes the failures of different companies’ (News Corp‚ Tricon Restaurants‚ etc..) foreign expansion endeavors to determine what these failures had in common. From his analysis‚ Ghemawat concludes that these failures share one common attribute: a failure to account for distance. As
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This article is discussed about the post recession of 2008 on the changing of business environment in developed countries. The authors predicts that in the next decades the business environment will be characterized by a slow global growth‚ high unemployment‚ volatility in the financial markets‚ costlier capital‚ a greatly expanded role of government‚ an increase of taxation or even increased of protectionism. The author however has revealed a huge potential in the emerging market in India and
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History still Matter 2. Give two contemporary or personal examples of Christopher Lasch’s quote on pg 1. To me the past does matter because that makes you who you are now even though sometimes you try to ignore it your past will always stick by you. For example I didn’t have a happy childhood‚ it was full of arguments and abuses. I learned from my mom’s mistakes to not stick around and let a man abuses you in anyway. Another example losing my brother was probably the worst way to learn to cherish
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across the world‚ and encourages people to share their ideas. Pankaj Ghemawat views globalization as a positive influence‚ but that it is not as prevalent as most people may think. Ghemawat also sees globalization as a way to share ideas‚ but does not think that the sharing of ideas is actually happening the most people think it is. What measures of globalization do each use to prove their position? Both Tabarrok and Ghemawat used graphs and data to prove their points‚ but they used differing
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|Harvard Business Review. Managing Differences. |October 21 | |Pankaj Ghemawat March 2007 p.59-68 |2010 | |Jelmer Steenbeek – 1986902 Simon van Gijssel – 1767852 |Introduction International Business | |Beugelsdijk S
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Does Patriotism still Matter? First off‚ it is important to love our country‚ but it does become difficult to keep supporting our country. Now‚ in my generation (ages 10-16)‚ it doesn’t surprise me that a lot of my generation no longer understands the importance of our country or its flag. From my own knowledge and what I hear‚ my generation used to stand‚ hands on their hearts‚ greatly appreciating America‚ singing the National Anthem as high as they can. Nowadays‚ barely anyone would be caught
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