Pankaj Ghemawat
Encyclopedia
Pankaj Ghemawat is an economist, global strategist
, speaker and author.
. Entering Harvard College
at the age of 16, he was accepted to Harvard Business School
’s Ph.D. program at 19, graduating three years later.
After a stint at McKinsey & Company
, he spent 25 years on the full-time faculty at Harvard Business School, where, in 1991, he was appointed the youngest full professor in the school’s history. Since 2006, Ghemawat has been the Anselmo Rubiralta Professor of Global Strategy at IESE Business School in Barcelona.
Pankaj Ghemawat’s books include Commitment (Free Press, 1991), Games Businesses Play (MIT Press, 1998), Strategy and the Business Landscape (Pearson Prentice Hall, 3rd edition, 2009), the award-winning Redefining Global Strategy (Harvard Business School Press, 2007) and World 3.0 Global Prosperity And How To Achieve It (Harvard Business Press, 2011). It continues to receive international acclaim.
He is also the author of more than 100 research articles and case studies, and ranks as one of the world’s best-selling authors of teaching cases.
On the research side, Ghemawat also served as:
2009
2008
2006-2007
His view contrasts significantly with many other intellectuals such as Thomas L. Friedman. In a 2007 Foreign Policy
magazine article, Prof. Ghemawat argued that 90 percent of the world's phone calls, Web traffic, and investments are local, suggesting that Friedman grossly exaggerated the significance of the trends he described in The World is Flat: "Despite talk of a new, wired world where information, ideas, money, and people can move around the planet faster than ever before, just a fraction of what we consider globalization actually exists".
Prof. Ghemawat argues that in a world that is neither truly global nor truly local, companies must find ways to manage differences and similarities within and across regions. In his book, Redefining Global Strategies, he explains how firms can grow optimally through adaptation (adjusting to differences), aggregation (overcoming differences) and arbitrage (exploiting differences).
“Pankaj Ghemawat is one of those rare individuals who combines world class scholarship with a deep knowledge of business practice. Redefining Global Strategy tackles the crucial balance between local and global that will often define success in an increasingly globalized world economy.” (Michael E. Porter, C. Roland Christensen University Professor, Harvard Business School).
Global Strategy
Global strategy as defined in business terms is an organization's strategic guide to globalization. A sound global strategy should address these questions: what must be the extent of market presence in the world's major markets? How to build the necessary global presence? What must be AND the...
, speaker and author.
Early life and career
Pankaj Ghemawat received his Bachelor’s degree in Applied Mathematics and his Ph.D. in Business Economics from Harvard UniversityHarvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...
. Entering Harvard College
Harvard College
Harvard College, in Cambridge, Massachusetts, is one of two schools within Harvard University granting undergraduate degrees...
at the age of 16, he was accepted to Harvard Business School
Harvard Business School
Harvard Business School is the graduate business school of Harvard University in Boston, Massachusetts, United States and is widely recognized as one of the top business schools in the world. The school offers the world's largest full-time MBA program, doctoral programs, and many executive...
’s Ph.D. program at 19, graduating three years later.
After a stint at McKinsey & Company
McKinsey & Company
McKinsey & Company, Inc. is a global management consulting firm that focuses on solving issues of concern to senior management. McKinsey serves as an adviser to many businesses, governments, and institutions...
, he spent 25 years on the full-time faculty at Harvard Business School, where, in 1991, he was appointed the youngest full professor in the school’s history. Since 2006, Ghemawat has been the Anselmo Rubiralta Professor of Global Strategy at IESE Business School in Barcelona.
Research
Pankaj Ghemawat is actively involved in attempts to globalize management through formal leadership development activities. He and Jordan Siegel will publish a text-and-cases book on global strategy with Harvard Business School Press in 2010. Ghemawat is also a member of the task force on the Globalization of Management Education appointed by the AACSB, the U.S.-based accreditation body for business schools. And he is developing a cross-functional module on globalization for the first-year of the MBA program at IESE Business School. Ghemawat also works actively with companies to help them globalize their leadership development programs.Pankaj Ghemawat’s books include Commitment (Free Press, 1991), Games Businesses Play (MIT Press, 1998), Strategy and the Business Landscape (Pearson Prentice Hall, 3rd edition, 2009), the award-winning Redefining Global Strategy (Harvard Business School Press, 2007) and World 3.0 Global Prosperity And How To Achieve It (Harvard Business Press, 2011). It continues to receive international acclaim.
He is also the author of more than 100 research articles and case studies, and ranks as one of the world’s best-selling authors of teaching cases.
On the research side, Ghemawat also served as:
2009
- Conference Keynote Speech at the Strategic Management SocietyStrategic Management SocietyThe Strategic Management Society is a professional society for the advancement of Strategic Management. The Society is unique in bringing together the worlds of reflective practice and thoughtful scholarship. The Society consists of nearly 3,000 members representing various backgrounds and...
on “The Future of Globalization” (October) - Conference Keynote Panel at the Academy of International BusinessAcademy of International BusinessAcademy of International Business is the leading association of international business scholars and specialists. Established in 1959, it has over 3000 members in about 72 countries. Membership is open to organizations as well as individuals...
on “Is the World Flat or Spiky?” (June)
2008
- Irwin Award for the Educator of the Year from the Business Policy and Strategy Division of the Academy of ManagementAcademy of ManagementThe Academy of Management is a professional association for scholars dedicated to creating and disseminating knowledge about management and organizations. The Academy of Management was established in 1936...
- IESE-Fundación BBVA Economics for Management Prize
- Elected fellow of the Strategic Management Society
2006-2007
- McKinsey Award for best article published in Harvard Business ReviewHarvard Business ReviewHarvard Business Review is a general management magazine published since 1922 by Harvard Business School Publishing, owned by the Harvard Business School. A monthly research-based magazine written for business practitioners, it claims a high ranking business readership among academics, executives,...
- Elected fellow of the Academy of International Business
Opinions on Globalization
Prof. Ghemawat argues that the world today is not as “globalized” as many strategists believe, and that cross-border differences still matter in the world economy.His view contrasts significantly with many other intellectuals such as Thomas L. Friedman. In a 2007 Foreign Policy
Foreign Policy
Foreign Policy is a bimonthly American magazine founded in 1970 by Samuel P. Huntington and Warren Demian Manshel.Originally, the magazine was a quarterly...
magazine article, Prof. Ghemawat argued that 90 percent of the world's phone calls, Web traffic, and investments are local, suggesting that Friedman grossly exaggerated the significance of the trends he described in The World is Flat: "Despite talk of a new, wired world where information, ideas, money, and people can move around the planet faster than ever before, just a fraction of what we consider globalization actually exists".
Prof. Ghemawat argues that in a world that is neither truly global nor truly local, companies must find ways to manage differences and similarities within and across regions. In his book, Redefining Global Strategies, he explains how firms can grow optimally through adaptation (adjusting to differences), aggregation (overcoming differences) and arbitrage (exploiting differences).
“Pankaj Ghemawat is one of those rare individuals who combines world class scholarship with a deep knowledge of business practice. Redefining Global Strategy tackles the crucial balance between local and global that will often define success in an increasingly globalized world economy.” (Michael E. Porter, C. Roland Christensen University Professor, Harvard Business School).
Publication
- World 3.0: Global Prosperity and how to Achieve it, Harvard Business Press Books, Boston 2011