Book Review of The Next Global Stage

Literature Review from the year 2012 in the subject American Studies - Literature, grade: A, Atlantic International University, course: DBA, language: English, abstract: Any firm that aspires to industry leadership in the 21th century must think in terms of global, not domestic, market leadership. The world economy is globalizing at an accelerating pace as countries previously closed to foreign companies open up their markets, as internet shrinks the importance of geographic space, as ambitious growth-minded companies race to build stronger competitive positions in the market of more and more countries.§§Firms in industries that are already globally competitive, or in the process of becoming so are under the gun to come up with a strategy for competing successfully in global markets. In all of this, the crucial strategic issues unique to competing across national boundaries are: whether to customize the firm's offerings in each different country market to match the taste and preferences of local buyers or offer a most standardized product globally; whether to employ essentially the same basic competitive strategy in all countries or modify the strategy nation by nation to fit the specific market conditions and competitive circumstances it encounters; where to locate the firm's production facilities, distribution centers and customer service operations so as to realize the greatest locational advantages; and whether and how to efficiently transfer the firm's resource strengths and capabilities from one country to another in an effort to secure competitive edge. The purpose of this essay is to appraise the works of Kenichi (2005). The Next Global Stage: Challenges and Opportunities in Our Borderless World.§§The focus of the literature will be section one; where foreword and biography of the author will be highlighted, section two will stipulate the reviewer's description about the book, objectives of the author, the theme of the book and the author's style and method as well as the book's design. Section three will concentrate on matters arising from the book. The spotlight of section four will be the reviewer's critique about the book, the strengths and weaknesses of the book, the extent to which the book achieved its goals and the impact of the book on the reviewer's life and surroundings and finally a conclusion will be drawn.