Companies in Global Competition

Global strategist, professor, author and speaker Pankaj Ghemawat explored the question of how Chinese companies fare when they go head-to-head with multinationals from advanced economies.

In his presentation on December 7 of “Chinese Companies in Global Competition” for the Program on Creativity and Innovation Pop Up Lecture, he showed how patterns of market share leadership within China suggest some clear variation by industry.

When looking at the total revenue by stakeholders in the U.S., corporations are easily the largest part of the economy, making up about 75 percent of the GDP. Ghemawat explained how companies play a role in how well or poorly a country does in international competition.

“If all assets are owned by foreign enterprises, how much business power do you actually have?”

When the question arose of whether Western companies or Chinese companies win out, Ghemawat explained that there are parts of the world where either side will flourish.