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Thunderbird School of Global Management
Globalization
Thunderbird Thought Leadership in Harvard Business Review
June 22, 2020Congratulations to two Thunderbird professors who were recently published in Harvard Businss Review. Professor Allen Morrison has published What Will Happen to Your Business in Hong Kong? Recent developments in Hong Kong pose significant threats to foreign firms operating there – of which 1,300 or so are US firms. What exactly happens to them will depend to a large extent on why they are in Hong Kong (is it just for the Hong Kong market, for China’s markets, or for Asia as a whole?). But in any event, all companies should take care to secure their people, consider potential scenarios, and create options in the event a major move is required.read more
Why Coronavirus Will Accelerate the Fourth Industrial Revolution
April 29, 2020The pandemic's silver lining is the chance to experiment with technologies and co-operative approaches across borders that could lead to safer, more sustainable and more inclusive global futures. The theory of punctuated equilibrium, proposed in 1972 by biologists Stephen Jay Gould and Niles Eldredge, holds that populations of living organisms tend to experience a significant amount of evolutionary change in short, stressful bursts of time. Gould and Eldredge argued that evolution isn’t a constant, gradual process—it occurs during episodes when species are in environments of high tension or especially crisis.read more
In Emerging Markets, Business is Business – Except When It’s Not
April 16, 2020Emerging markets account for most of the growth in the global economy today. Company managers know success lies in effectively doing business in those markets. Knowing the norms and institutions that enable access to business opportunities is critical to that success. Eighty-four percent of the world’s population lives in emerging-market countries, and they fuel most of the global economy’s growth. Company managers naturally focus on where growth is and where it potentially lies, and that’s not a new phenomenon. Business is business, after all.read more
Addressing the Economic Impact of COVID-19
April 8, 2020On two separate continents, T-birds Soraya Hakuziyaremye ’05 and Christopher Campbell ’06 are directly shaping their governments’ economic responses to the COVID-19 pandemic. As Minister of Trade & Industry in Rwanda, Hakuziyaremye is on the front lines of efforts to halt the spread of coronavirus and mitigate its economic damage. Campbell, who is former Assistant Secretary of the U.S. Treasury and current Chief Strategist for Duff & Phelps, helped craft the United States’ $2.1 trillion economic stimulus package known as the CARES Act. On March 31, Thunderbird Dean and Director-General Sanjeev Khagram moderated a discussion with Hakuziyaremye and Campbell as part of the Thunderbird Global Dialogues Webinar Series. (Watch it here.)read more
The Current Pandemic is a Reflection of Our Own Business Model
March 25, 2020These days are filled with mixed emotions as we navigate, many of us, the unprecedented tempo of a time which seems to have suspended for something so mystique and cryptic that we can't even see. This pandemic, which has, for the first time across at least five generations, paralyzed large parts of our modern world, has caught us off guard. In some countries, and I am thinking of the native land of my father, Italy, the detection went from patient 1 to patient 50.000 over just 30 days.read more
Global Strategy in the Time of COVID-19
March 9, 2020Is this it? Is COVID-19 the event many business leaders and investors were expecting to end a record-long economic expansion? Is it even worse than expected? As the fast-spreading new novel coronavirus alters normal life and business patterns near and far, there are more questions than answers about its global impact. Uncertainty, along with COVID-19-related supply chain disruptions and travel restrictionsread more
Key Takeaways from Davos 2020
February 24, 2020More than 750 world leaders converged at Davos 2020 to discuss the primary challenges of the 4th Industrial Revolution and develop critical solutions. We had the immense privilege of being there and hosting two side events. This infographic details what was discussed.read more
Thunderbird’s Morrison Explores Economic & Historic Parallels Between China and Japan
January 20, 2020Size matters in the global economy. And attention to the global health of China’s economy has much to do with how its vast size makes it a major driver of global growth. China’s trading partners and global investors are closely watching the health of the world’s second-largest economy as the trade war with the United States fuels fears about a global recession. Business in China has been on the rise, but that climb is showing signs of slowing. And China’s leaders are beginning to contend with the country’s slowest pace of growth in nearly three decades. Economic reports at the end of 2019 reveal downbeat Chinese economic data pointing to weaker demand at home and abroad.read more
Move Over Game of Thrones, Fintech in 2020 is Much More Epic
December 16, 2019There is no doubt that, in the coming year, fintech players, from start-ups to unicorns, will keep up their efforts to challenge the traditional great houses of the financial services kingdom. As 2020 comes closer, we would like to offer several observations of the current trends in the kingdom, many of which are likely to continue, and which are reforming the competitive landscape – again.read more
Global Technology Governance: A Multistakeholder Approach
November 6, 2019The dynamics of the Fourth Industrial Revolution mean that systems of governance are, on the whole, failing to deliver what is needed in terms of minimizing risks and costs, while maximizing opportunities and benefits. This is true at all levels – global, regional, national, subnational and local – and across the public sector, among businesses, in the media and within civil society. Governments and private-sector governance bodies – such as standards bodies – are familiar with the pressure to deliver beneficial governance, and many are responding. However, they are running up against a range of challenges that include barriers to cooperation, gaps in the governance landscape, divergent interests and conflicting incentives.read more
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