The New Corporate Globality

Joseph A. DiVanna

Chapter Chapter 1 in Synconomy, 2003, pp 20-66 from Palgrave Macmillan

Abstract: Abstract American business conference audiences often ask about the nature of global competition and why local and regional firms should care about globalization, culture and other issues beyond their borders. Small to medium-sized businesses in all parts of the world have yet to realize that with the latest advances in technology, all firms are now global, if not by concrete factors such as the sudden entry of a new competitor, then by the implicit realities of consumer buying habits and pricing pressures. The Internet and the latest generation of communications technologies have opened a new chapter in business, ushering in an era in which customers and competitors can come from any region of the world.1 In order to develop an understanding of this new corporate globality, one must define the factors of interoperability, culture, collaboration, co-opetition and the generation of value that are attributed to the synergistic relationship between internal business processes and macro-level economic networks.

Keywords: Business Process; Business Condition; Business Entity; Synergistic Relationship; Global Marketplace (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50955-9_2

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DOI: 10.1057/9780230509559_2

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