There’s a new era in global competition, and it’s about to supersede the old model of international business. Fast disappearing are the days of globalization. In its place, a new and more challenging reality — Globality: Competing with Everyone from Everywhere for Everything. Co-author James Hemerling is a senior partner of The Boston Consulting Group, coleader of its Global Advantage initiative, and a core member of its Strategy and Operations practices. He joined Coy Barefoot on the June 27th edition of WINA’s Charlottesville-Right Now with Coy Barefoot.
What is “globality”? According to Hemerling: “In globality, what we have is the rise of a new set of competitors, rising up from China, Indian, Russia, Central Eastern Europe, Mexico, Brazil, Chile, Argentina, the Middle East. Across the world, a whole new set of companies is rising up, challenging the Western companies. So now, business is no longer globalization flowing in one direction; it’s really flowing in every direction at the same time.”