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When You’re Tied Up In Supply Chains, You Need A Strategy

Strategy Driven

According to estimates by supply chain management organizations, the global supply chain market is worth more than $10 trillion a year. In short, it’s an enormous business, consuming some 6 percent of total world GDP, more than military spending and education combined. Returns management should be a major focus.

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China’s Economy, in Six Charts

Harvard Business Review

Its gross domestic product has surged from less than $150 billion in 1978 to $8,227 billion in 2012 (see “China’s GDP” chart below). Foreign investors have flocked to the country’s shores as many of the world’s largest manufacturers have established operations there. percentage points of GDP growth in 1979-1989, 0.5

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How to Successfully Work Across Countries, Languages, and Cultures

Harvard Business Review

Prior to 2010, Rakuten had been a multilingual global company. What’s more, the subsidiaries operated more or less autonomously, each with separate organizational cultures and norms. But in 2010, Rakuten mandated an English-only policy for its workforce of over 10,000 employees. It consists of five key actions.

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As Emerging Markets Slow, Firms Search for “New” BRICs

Harvard Business Review

In this new operating environment, I find more and more multinationals looking to new frontier markets for growth while demanding profitability from their emerging-market operations. Additionally, managing corrupt business practices often makes it difficult for MNCs to realize growth potential in the short term. Latin America.

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Promoting Entrepreneurship in Vulnerable Economies

Harvard Business Review

Foreign aid, which can account for to up to 97 percent of a nation's GDP, is neither a long-term nor a sustainable solution to help the citizens of these fragile countries. Since May 2010 , it has trained over 135,000 individuals using the tool Business Edge. SME owners face a slew of obstacles in conflict zones.

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The Best-Performing Emerging Economies Emphasize Competition

Harvard Business Review

For our research , we looked at 71 emerging economies and identified 18 that achieved rapid and consistent GDP growth over the past 50 and 20 years. More than half that reached the top quintile in terms of economic profit generation between 2001 and 2005 had been knocked off their perch a decade later, in 2010-15.

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Why Labor Protests in France Won’t Stop Macron’s Reforms

Harvard Business Review

GDP grew by 1.9% Though managers in France tend to consider the quality of labor relations in France quite low, in 2010 43% of French citizens declared trust in labor unions , as compared with 25% in the United States. But so far this rallying cry is failing to mobilize the masses or significantly disrupt the country.