3. What is globalization?
The extent to which networks of
individuals and organizations, markets, and
technologies are interconnected across
geographic and cultural boundaries.
−Beech and Chadwick 2004,
−Friedman 2002
4. Why globalization?
The information age in which we live
allows both large and small businesses to
thrive on a global scale. Technologies like
the internet, mobile phones, etc. have
made our shrinking world even smaller.
Kingsley 2005
5. Did You Know: Shift Happens
http://www.youtube.com/watch?v=cL9Wu2kWwSY&feature=search
Which forces for internationalization
are presented?
6. Forces for worldwide innovation and learning
Increasing pace of technology development
Shortening product life-cycles
Rising R&D costs
Increasing number of multinationals with capability
to develop and diffuse innovation globally
Increasing need to develop worldwide
organization as a learning system.
Innovative capability as emerging source of
competitive advantage.
7. ”No one knows everything,
everyone knows something,
all knowledge resides in networks
humanity.”
Six degrees of
separation
- Milgram, 1967
Adapted from Lévy 1997
8. 3.74 degrees of separation!
Aug 2012
5 mln active monthly
users in Sweden
Source: Facebook
9. Growing social media landscapes
http://www.resonancechina.com/2012/03/13/updated-2012-china-social-media-landscape/
10. What are social media?
Media that..
- enable communication &
collaboration…
- through user-generated content….
- from one-to-one to
many-to-many people…
- across all boundaries
11. People > 45 years becoming more active
% age group with personal profile on
any social networking website
Edison Research, 2012 - US-based study
12. Driver of change: Creation > curation
46% Creators: Create and post photos, videos, etc.
41% Curators: Find and post photos, videos, etc.
http://pewinternet.org/Reports/2012/Online-Pictures.aspx
13. US Inc 500* shift from blogs to Fb and Twitter
100%
90%
80%
74%
71%
70%
64%
61%
59%
60%
52%
50% 2009
50%
45% 45% 2010
40% 37% 2011
30%
20%
10%
0 0
0%
Twitter Facebook Public blogs YouTube
*Fastest-growing private companies
http://www.umassd.edu/cmr/socialmedia/2012inc500socialmediaupdate/
15. Social media help overcome
internationalization challenges
Challenges How overcome
Psychological, e.g., local Use networking sites and forums to build
mindset, risk, fear global mindset and confidence
Organizational, e.g., limited Use SM for marketing and
resources, lack of foreign knowledge communications, e-learning, networking
and experience, problems in finding
right agents/distributors
Operational, e.g., export Use open source software and hosted
documentation; management of export applications to improve operational
operations; language problems; efficiency and reduce costs.
payment delays/risk „Crowdsource‟ help through networking
sites and online virtual communities
Product/market, e.g., identification Use networking sites to create
of most attractive markets, tailoring of understanding/awareness of trade barriers
product/service to local market Use SM for export market research; direct
to customer relationships
www.energise2-0.com
24. OpenSimulator: A value-creation ecosystem
Academic
Entrepreneur
Hobbyist
Large Firm
Non-profit
Local Public
Federal Public
Research Inst
SME Employee
Periphery
Teigland, Di Gangi, & Yetis 2012
26. New forms of financing
http://blog.intuit.com/trends/crowd-power-what-is-crowdfunding-infographic/
27. But….
Not every firm is ready to internationalize
− Prematurely venturing outside borders may harm
overall firm performance, especially for smaller firms
with small margin for error
• Long-term investment
• High ambitions - risk
• Commitment - exit barriers
Adapted from Sölvell
32. From the mobility of goods
to the mobility of financial capital to …
...the “mobility” of labor?
Teigland, JVWR, 2010
33. Some things do not change
Innovation Exchange
Exchange Trust
Trust Relationships
Relationships Interaction
34. If you love
knowledge, set it free…
Karinda Rhode
Photo: Lindholm, Metro
aka Robin Teigland
robin.teigland@hhs.se
Photo:
Nordenskiöld
www.knowledgenetworking.org
www.slideshare.net/eteigland
www.nordicworlds.net
RobinTeigland
Photo:
Lindqvist
Fades into center screenRT: Walls are breaking down – value added coming from across boundaries of the firm Kay, J. (1993) Foundations of Corporate Success, Oxford, Oxford University Press.
RT: Walls are breaking down – value added coming from across boundaries of the firm .
46% of variation in how many friends you have is explained by your genes – some born shy and some gregarious.47% of variation in whether your friends know each other has to do with your genes. So do people knit networks of those around them or not….30% of variation in whether in middle or on edge of network has to do with your genes.
Threadless:What came first – the community or the companyRT: presents Threadless, http://www.nickburcher.com/2009/05/threadless-twitter-tees-another-example.html1,530,000 followers on TwitterThe whole business model for Threadless is based on an implicit understanding of how the social web works and gives a great demonstration of how communities can be built and harnessed across an organisation. Identifying online enthusiasts and passion groups and then using social platforms to bring them into the core of a business would appear to be a more powerful way of utilising social opportunities than just running ads on Facebook - but it requires a good deal more commitment. The media aspect of social offers some exciting opportunities for brands, but the potential of the social web can be significantly greater if the power of community is fully realised. In summary, there has to be purpose behind why you use social media. Largest challenge is about changing the mindset though – where create value? Use of social media considerably larger in smaller companies: Inc 100 vs Fortune 100. In these smaller companies, social media being used as a leadership tool as well. Let’s hear from some of you now on your thoughts about social media. (Next Slide)
I always like to put things into perspective. I think that what is interesting and relevant here is that several economic historians had actually predicted the crisis that we are experiencing now. I don’t have time to go into all the details, but what we are seeing is a pattern repeating itself. As in the late 18th and 19th Centuries there was a technological innovation that led to a period first of transformation as the innovation began to be diffused, then a period of rationalization leading to an imbalance, and then to a financial crisis coming around 40 years after the innovation. However, in the past, these financial crises have then led to periods of great economic development – industrial revolutions, in which industry profitability has been restored through a redistribution of the value-added between capital and labor. But more importantly, these crises filtered out those organizations that could not adapt and change to stay competitive in the new industrial environment. And one of the most important things that is of interest for today’s discussion is that in one of the factors facilitating these new phases of economic growth following the crisis has been that a generation of people that had never experienced life without the innovation starts to enter the workforce – thus they are not restricted by old ways of thinking.experiencing now some economic historians claim to be due to the innovation of the microprocessor and microelectronics in the 1970s. Similar to what we experienced with the innovation of the steam engine in the late 18th C and the internal combustion engine and electric motor in the late 19th C, there was a subsequent crisis about due to various forces converging. We saw that as these basic innovations were diffused, people stopped investing in the existing industrial structure and instead focused on investing in a new generation of competitive machinery, which then led to an industrial revolution in both cases as the innovations became embedded in society. At the same time, the crisis served to release the negative pressure that had been built up as well as to restore industry profitability through the redistribution of value-added between capital and labor. Other notesNotes from article - Schön, L, Economic Crises and Restructuring in HistoryA crisis is connected with changes in the long term or structural conditions built up during a rather long period of time and effects behavior for a long time to comeTransformation – changes in industrial structure – resources are reallocated between industries and diffusion of basic innovations with industry that provides new bases for such reallocationRationalization – concentration of resources to most productive units within the branches and measures to increase efficiency in different lines of productionShifts between transformation and rationalization have occurred with considerable regularity in structural cycle of 40 years – 25 years on transformation, and 15 years on rationalization. Crises been part of this cycle as wellInternational crisis in 1840s – How go from crisis to expansion quickly – went quite rapidly in 1930s for Sweden – but Sweden in opposite corner in 1970s1850s – upswing of industrial and infrastructural investments was linked to breakthrough of mechanized factories in Sweden, modernization of steel processes and construction of railways1930s and more marked after WWII late 1940s - expansion of electrification and diffusion of automobiles, processing of electrosteel to small motors in handicraft and household – combination with motorcar – new styles in living and consumptionWaves of investments around development of an infrastructure from basic innovation of preceding cycle mid 1970s – microprocessor – knowledge and information in production of goods and servicesIt is not the basic innovation itself – but the diffusion of the innovation that counts!When invented, then expensive to implement, have a narrow range of application – Following generalization – A structural crisis (that has been preceded by an early development of basic innovations) has put an end to old directions of investments mainly in rationalization of existing industrial structure and given rise to investments in ne and devt of new tech that after one decade (the length of the classical Juglar cycle of machinery investments) has created a new generation of economically competitive machineryReallocation of labor occurs approx 15-30 years after the structural crisisDevelopment of markets – distribution of value added between capital and labour is one mirror of these changesDiffusion of innovations leads to expansion of markets and arrival of new competitors – Structural crises – release negative pressure and restored profitability in industry – get rid of those who not competitive
http://www.youtube.com/watch?v=OhYvDS7q_V8
http://www.dexigner.com/news/25559
RT: the 3D internet characterized by ….(next slide)
http://www.youtube.com/watch?v=0CijdlYOSPcWhile many definitions of VWs, these are the characteristics that I find relevant to the study of virtual entrepreneurship. Persistent, computer-simulated, immersive environments ranging from 2D "cartoon" imagery to more immersive 3D environmentworld exists regardless of whether users logged inUsers can manipulate and/or alter existing content or even create customized content Shared space or co-presencenumerous users, or ‘avatars’, simultaneously participate, interact, and share experiences through gestures, text chat, and voiceSocialization/community formation of in-world social groups such as teams, guilds, clubs, cliques, housemates, neighborhoods, etc the world allowed and encouraged
https://www.facebook.com/CloudParty
http://journals.tdl.org/jvwr/article/view/866
I can’t find the source for this, it would be great if someone could point this out to me.