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Dr. Paurav Shukla

Trends in Global Business

Internationalization of U.S. Markets Internationalization of U.S. Business Growth of Regional Trade Areas EU, NAFTA, AFTA, APEC Move toward free market system by countries in Latin America, Asia, Eastern Europe Large Emerging Markets such as Argentina, Brazil, China, South Korea, Poland, India Evolving global middle income households GATT and World Trade Organization The TRIAD Birth of the Euro The Internet and Global Communications

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The Nationality of the World’s 100 Largest Industrial Corporations (by country of origin)

9 S O U R C E S : A d a p t e d f r o m T h e W o r l d s 5 0 0 L a r g e s t I n d u s t r i a l C o r p o r a t i o n s , F o r t u n e 2 0 0 3 d a t a w w w f o r t u n e c o m

Fortune top 100

  • 2005

    • 1.

      Wal-Mart - United States (retail)

    • 2.

      BP - United Kingdom (oil)

    • 3.

      ExxonMobil - United States (oil)

    • 4.

      Royal Dutch Shell - Netherlands/United Kingdom (oil)

    • 5.

      General Motors - United States (automobiles)

    • 6.

      DaimlerChrysler - Germany (automobiles)

    • 7.

      Toyota Motor Corporation - Japan (automobiles)

    • 8.

      Ford Motor Company - United States (automobiles)

    • 9.

      General Electric - United States (conglomerate)

    • 10.

      Total - France (oil)

  • 1995

    • 1.

      Mitsubishi (NA)

    • 2.

      Mitsui (NA)

    • 3.

      Itochu (NA)

    • 4.

      Sumitomo (NA)

    • 5.

      General Motors (5)

    • 6.

      Marubeni (NA)

    • 7.

      Ford motors (8)

    • 8.

      Exxon (3)

    • 9.

      Nissho Iwai (NA)

    • 10.

      Royal Dutch Shell (4)

FORTUNE GLOBAL 500 , Fortune, 8/7/95, Vol. 132, Issue 3 http://money.cnn.com/magazines/fortune/global500/index.html

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Marketing

U.S. Multinational in Europe - 1960 s

SFifteen years from now the world’s third greatest industrial power, just after the United States and Russia, may not be Europe, but American industry in Europe.T

J.S. Servan Schreiber: Le Defi American, 1967

What Happened?

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The 1975 Fortune 500 lists huge, respected corporations such as Esmark, Gulf & Western, Polaroid, and Singer that have essentially vanished. They didn't vanish overnight and they didn't vanish voluntarily. Even some survivors from 1975 are studies in falling short rather than flying high. Sears, Roebuck was founded in 1893 and moved into the Sears Tower in 1973, when Wal- Mart was a corporate toddler. Today, Wal-Mart is five times the size of Sears, and Sears has left the building.

Mark Chussil

Chussil, M. (2005), With all this intelligence, why don't we have better strategies? Journal of Business Strategy, VOL. 26 NO. 1, pp. 26-33.

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The 3 events that changed the IM scenario

  • Rapid growth of regional free trade areas

  • The trend towards acceptance of free market system

  • As a result of these two, the evolution of large emerging markets

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