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Latest read: How We Compete

Suzanne Berger and MIT’s Industrial Performance Center wrote a book after concluding a five year study of the new global economy How We Compete: What Companies Around the World Are Doing to Make it in Today’s Global Economy.

how we compete

If you want to learn more about globalization, this is a necessary addition to your bookshelf. Today companies must compete.

The study moves beyond the often discussed Dell approach to manufacturing. Lessons from auto and textile industries are included and should not be missed. How America can compete against the global marketplace?

Students entering the real world after school makes this book mandatory reading before graduating … from high school. By the time your set to graduate from college — it may be too late.

Companies that need to compete are shifting production … sometimes to very interesting locations for very interesting business reasons. Understanding this process and the major impacts of globalization will help us all prepare for tomorrow’s shifting economic climate.  There are powerful lessons from many industries that have shifted into a highly competitive marketplace with a global reach.  In doing so, these companies now compete with global brands.

Globalization can be very complicated. This book suggests very intriguing lessons from companies who need to compete are outsourcing their products, production lines or selected low end solution simply to survive against the competition.

We have a lot to learn from the Japanese and the Italians!

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Education Globalization Network Reading Technology

Latest read: Three billion new capitalists

Three Billion New Capitalists: The Great Shift of Wealth and Power to the East by Clyde Prestowitz is a good companion to Tom Friedman’s The World Is Flat regarding globalization. At times I felt the chapters could have been written by both authors. Ultimately they complement the globalization story.

Prestowitz was counselor to the Secretary of Commerce during the Reagan Administration and is Founder and President of the Economic Strategy Institute, a thinktank in Washington DC.

Globalization is certainly not new and some issues addressed by Prestowitz may be hard to wrap around completely, but he provides an overview of what has been accelerating … offshoring. To no surprise the destination is China and India. Released in 2005 Prestowitz could not have considered the Mattel lead paint product recalls fiasco just two months old as consequences of globalization. Or was that just bad management on Mattel’s part?

The shift in wealth and power also focuses on banking and oil. Two chapters focus on this impact for China and India … and America along with the EU. What is an example of the impact on America: 100,000+ new cars are registered every month in Bejing? I would like to see the numbers for Bangalore. Think of a billion new drivers wanting to see their country, visit family and travel to see friends.