7 Myths about Business Globalization

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Globalization > Best Practices > 7 Myths about Business Globalization

7 Myths about Business Globalization
Marten van der Zee, Analyst, Netherlands
According to Subramanian Rangan in , there are 7 myths or misconceptions about (business) globalization: 1. Any company with money can go global (you have to study foreign markets before penetrating) 2. Internationalization in services is different from products (there is no such difference in internationalization) 3. Distance and national borders matter no more (they do) 4. Developing countries have the best chances to success (if you look at investments in foreign markets, by far the most originate from developed countries). 5. Manufacture where labour costs are cheapest (even if the hourly wages are low, still the costs per unit could be high) 6. Globalization stays forever (it will not) 7. Governments donít matter anymore (as long as people give value to their own collective national identity and want local representatives to make the choices, governments are far from dismissal). Do we agree with these 7 myths? Are there any other globalization misconceptions we have to ad (...) Read more? Sign up for free

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  Globalization Itself is a Myth
Tomas Sigurbjornsson, Student (University), Denmark

  More Globalization Myths?
Eric Schmitz, Consultant, Belgium

  @3: Distance Matters no More...
Alice Savage, Strategy Consultant, Canada

  Different Kinds of Globalization
Luis Cano, Management Consultant, Mexico

  National Borders Remain Intact
Ken Kalali, CEO, Kenya

  @Globalization Myth #4
Gabriel Femi Adewara, Management Consultant, Nigeria

  It's about Glocalization, not Globalization
DR.VIVEK DIWADKAR., Business Consultant, India

  Globalization and Local Legal Requirements
Mohamad Nasir Mahmood, Director, Malaysia

  Packaging Products and Services for Local Circumstances
joko triyono, Director, Indonesia

  Globalization is Unstoppable But no Panacea
Ronald Israels, Management Consultant, Netherlands

  Global + Local
Arif ur Rehman, Professor, Pakistan

  Globalization is No Myth
Hindrik Koning, ICT Consultant, Netherlands

  @3: The World is a Global Village
Benedict Omuya ODIGO, Nigeria

  #9 Myth: Globalisation is Good for Global Development
Bantwal Prabhu, Teacher, India

  @3: Cultural Differences Matter no More
Caspar van Spaendonck, Consultant, Netherlands

  #10 Myth: Globalisation Will Increase Environmental Protection in Developed Countries
Moise Mungala Tshimbu, Congo, Democratic Republic of the

  Myth #11 Global Strategy
Mrs. Josephine Idele, Partner, Nigeria

  Globalize or Perish Was the Slogan
Bantwal Prabhu, Teacher, India

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