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IESE Business School

Strategy in a semi-globalised world

The rhetoric of globalisation often gives the impression that multinational companies can cross borders with ease.

In The age of semi-globalisation, his first video lecture, Pankaj Ghemawat argues that the world is in fact a long way from being a seamless marketplace and that national differences are still vitally important to global corporate strategy.

Professor Ghemawat’s second video lecture, Crossing borders successfully, outlines three strategies for smart international expansion.

Related content and features

The age of semi-globalisation

Watch video lecture


Contents

1. Pan con tomate, a Catalan speciality
2. A semi-globalised world, not a flat one
3. Some surprising cross-border statistics
4. Local fast food fighting back
5. Four types of distance that affect strategy
6. Cultural distance
7. Administrative distance
8. Geographic distance
9. Economic distance
10. Closing thought: one size does not fit all

    Crossing borders successfully

    Watch video lecture


    Contents

    1. Juggling global and local priorities
    2. Zara’s international expansion
    3. Three strategies for crossing borders
    4. Adaptation: bending to local needs
    5. Aggregation: building economies of scale
    6. Arbitrage: exploiting global differences
    7. Closing thought: prioritise a strategy

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