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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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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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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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 Ghemawat describes
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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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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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my boyfriend and college. He learns very differently and tends to have a very negative fixed mindset about his capabilities. This is due to getting constantly pressured to do well in school by his parents‚ who had his older brother when they were still in high school. They now do very well‚ but due to their past and the difficult time they had to get where they are‚ they push their sons a bit too hard. Their history impacts all of their lives on a daily basis‚ even though now they could easily be
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Does Patriotism Still Matter? 1 Patriotism does still matter. The definition of patriot is a person who loves‚ supports‚ and defends his or her country and its interests with devotion. The definition of patriotism is devoted love‚ support‚ and defense of one’s country; national loyalty. Among the ancient Greeks‚ patriotism was comprised of ideals concerning language‚ religious traditions‚ ethics‚ law and devotion to the common good rather than identification only with a nation-state
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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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emIs the Triple A available ... 1. For any activities ? According to ghemawat‚The triple A suppose to bring internationals companies to the right strategy. Hypothetically thanks to the triple A ‚ internationals companies can optimize their international strategy and can face to country differences. Ghemawat takes a particular exemple to demonstrate that previous theory: the High technology area « one in the medical system and the other one in the IT » THEN we wonder if those successful
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