How global companies win out

IAEME PUBLICATION, 2021

The modern world is stepping towards a globalised economy, and not even a single company can shut its eyes to globalisation and escape the challenges caused by globalisation. This paper critically examines the challenges faced by the local companies due to the introduction of Globalisation. It also analyses the impact of global challenges on the local companies. The persistent outstanding barrier for the small and local companies is market competition. Globalisation stimulates competition from large ventures and international companies. MNCs have the capability to eliminate global challenges than small companies. In the matter of reduced barriers and receptiveness of the world, the inexorable procedure of globalisation portrays the projects which are touching the success potentials and risk potentials. Innumerable challenges have been created by the economic globalisation for small and local companies owing to expeditious climb in the competition. Hence, the collapse rate of small companies is climbing the ladder. Correspondingly, small and local companies need to ensue the survival strategies mentioned in the review in order to succeed in challenging the global challenges. Arising out of the industrial revolution until today, irrevocable economic integration persists. The rationale is straightforward, business and profits do not acknowledge the boundaries. Wherever nearly a give and take relationship is created, a business connection is promptly established.

Industries and Global Competition, 2017

Granthaalayah Publications and Printers, 2024

This research examines the complex issues facing corporations due to rapid advancements in science, technology, and sociology. The increased complexity of the competitive environment impacts both private and public sectors despite societal advancements. An inspection of indicators like the sluggish growth rate of the U.S. private sector reveals corporations' struggles. The need for a balance between stability and growth in the global corporate arena becomes clear, as does the relevance of comparative strategic approaches. Another key finding is the impact of globalization, notably positive in the case of South Korea, on corporate strategies. However, maintaining a competitive advantage challenges top South Korean corporations. The employee survey findings underline the need for continued success in changing global dynamics. The study evaluates the evolving role of corporations beyond profit creation and stresses the importance of clear company objectives and strategies. The conclusion emphasizes the significance of a well-defined corporate strategy in successfully navigating the complicated global business environment, with insights pertinent to global corporations.

As emerging markets nowadays is growing very fast, and their characteristics are appeling to many companies to invest in it, many companies originating from those markets were aiming to be strong global companies. Many of these companies had succeeded and their success can be used as a transferable model to be applied to other companies This research is aiming to understand and describe the success of those companies, factor affecting their success locally and globally, how the characteristics of the emerging markets could affect the success of those companies. How any company in the same situation can succeed if they study those factors of success? This research shows that there are some key success factors or strategies had been followed by some companies to be strong global companies. Such as Product development and diversifications strategies, cost leadership strategies, mergers and acquisitions strategies. The outcome of this research shows that in emerging markets in order to be a successful company, the companies have to offer innovative and diversified products in affordable prices.

Management Decision, 2008

International Journal of Commerce and Management, 2008

PurposeThe purpose of the paper is to discuss the new realities of global rivalry which has been elevated to include economic competition between nations, in addition to the more traditional forms of competitive interactions between firms.Design/methodology/approachThe Introduction section discusses the changes that global geopolitics and the economy have undergone from the end of the Second World War to the present time. The 11 macro‐economic factors that have impacted international business over this time period are then discussed. The next section of the paper discusses the nature of the new relational assets of firms, their locations, and the means of harnessing and utilizing them in knowledge‐based economic competition. A series of propositions relating to the nature of these assets, how managers of corporations can access them, the roles and skill sets required of these managers, and the competitive advantages these assets provide, are then presented. The Conclusion section ex...