7 Myths about Business Globalization

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7 Myths about Business Globalization
Marten van der Zee, Student (University), Netherlands, Premium Member
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, Member
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More Globalization Myths?
Eric Schmitz, Consultant, Belgium, Premium Member
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@3: Distance Matters no More...
Alice Savage, Strategy Consultant, Canada, Member
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Different Kinds of Globalization
Luis Cano, Management Consultant, Mexico, Member
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National Borders Remain Intact
Ken Kalali, CEO, Kenya, Member
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@Globalization Myth #4
Gabriel Femi Adewara, Management Consultant, Nigeria, Member
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It's about Glocalization, not Globalization
DR.VIVEK DIWADKAR., Business Consultant, India, Member
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Globalization and Local Legal Requirements
Mohamad Nasir Mahmood, Director, Malaysia, Member
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Packaging Products and Services for Local Circumstances
joko triyono, Director, Indonesia, Member
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Globalization is Unstoppable But no Panacea
Ronald Israels, Management Consultant, Netherlands, Member
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Global + Local
Arif ur Rehman, Professor, Pakistan, Member
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Globalization is No Myth
Hindrik Koning, ICT Consultant, Netherlands, Member
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#8 Myth: With Globalization we all Understand Each Other
Dr. Wilfried Kerntke, Director, Germany, Member
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@3: The World is a Global Village
Benedict Omuya ODIGO, Nigeria, Member
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#9 Myth: Globalisation is Good for Global Development
Bantwal Prabhu, Teacher, India, Member
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@3: Cultural Differences Matter no More
Caspar van Spaendonck, Consultant, Netherlands, Member
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#10 Myth: Globalisation Will Increase Environmental Protection in Developed Countries
Moise Mungala Tshimbu, Congo, Democratic Republic of the, Member
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Myth #11 Global Strategy
Mrs. Josephine Idele, Partner, Nigeria, Member
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Globalize or Perish Was the Slogan
Bantwal Prabhu, Teacher, India, Member
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