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PROFESSOR N. VENKATRAMAN David J. McGrath Jr. Professor in Management Boston University School of Management April 1,2008 ...
Headlines.. Of Many Kinds (c) Venkatraman, 2008
And there are cartoons.. (c) Venkatraman, 2008
Look Back in History: May 12, 1896 (c) Venkatraman, 2008 40.94
Fast Forward to 2050: ‘BRIC’ (c) Venkatraman, 2008
We are in an era of global networks… (c) Venkatraman, 2008 Live Consume Play Work Create Connect
Or to put it differently….. (c) Venkatraman, 2008
And according to Dilbert… (c) Venkatraman, 2008
Process offshoring.. Just getting started (c) Venkatraman, 2008
Globalization: Stylized Shifts (c) Venkatraman, 2008
Globalization 1.0 (c) Venkatraman, 2008
One of the First Global Corporations… (c) Venkatraman, 2008
Globalization 2.0 (c) Venkatraman, 2008
Globalization 2.0 Infrastructure (c) Venkatraman, 2006
Globalization 2.0 Infrastructure (c) Venkatraman, 2006
(c) Venkatraman, 2006 Globalization 3.0
Three Technology Laws…. (c) Venkatraman, 2008 What’s the impact today? What’s the likely impact in 2010? 2015?
Globalization 3.0 is about IT-enabled work (c) Venkatraman, 2008 Engineering Legal Medical Software BPO Call Centers Tech ...
Where’s it designed? Where is it manufactured? (c) Venkatraman, 2006
Globalization through digital networks.. (c) Venkatraman, 2008
Remote, Connected Work  (c) Venkatraman, 2006
Globalization 3.0: Early observations…. But not prescriptions (c) Venkatraman, 2008
(c) Venkatraman, 2008
Healthcare in Global Business Networks <ul><li>AN ILLUSTRATIVE COMPARISON OF COSTS </li></ul><ul><li>(SOURCE: BUSINESSWEEK...
Heart Bypass <ul><li>U.S.:  $130,000 </li></ul><ul><li>Singapore:  $18,500 </li></ul><ul><li>Thailand:  $11,000 </li></ul>...
Heart Valve Replacement <ul><li>U.S.:  $160,000 </li></ul><ul><li>Singapore:  $12,500 </li></ul><ul><li>Thailand:  $10,000...
Angioplasty <ul><li>U.S.:  $57,000 </li></ul><ul><li>Singapore:  $13,000 </li></ul><ul><li>Thailand:  $13,000 </li></ul><u...
Hip Replacement <ul><li>U.S.:  $43,000 </li></ul><ul><li>Singapore:  $12,000 </li></ul><ul><li>Thailand:  $12,000 </li></u...
Hysterectomy <ul><li>U.S.:  $20,000 </li></ul><ul><li>Singapore:  $6,000 </li></ul><ul><li>Thailand:  $4,500 </li></ul><ul...
Knee Replacement <ul><li>U.S.:  $40,000 </li></ul><ul><li>Singapore:  $13,000 </li></ul><ul><li>Thailand:  $10,000 </li></...
Spinal Fusion <ul><li>U.S.:  $62,000 </li></ul><ul><li>Singapore:  $9,000 </li></ul><ul><li>Thailand:  $7,000 </li></ul><u...
Medical Tourism in Thailand <ul><li>Medical Tourism % </li></ul><ul><li>USA: 33% </li></ul><ul><li>China: 29% </li></ul><u...
Remember Lessons from the Global Motorcycle Sector? (c) Venkatraman, 2008
It’s not all about accent neutralization! (c) Venkatraman, 2008
Globalization 3.0: Early Experimenters (c) Venkatraman, 2008
Globalization 3.0:  Positioning it in the Strategic Agenda (c) Venkatraman, 2008
1. What’s our business scope? (c) Venkatraman, 2008 Strategic Importance of Capabilities Core Necessity Support “ Best” “ ...
2. Where’s our global footprint? (c) Venkatraman, 2008 Shoring decisions
3. How’s the governance distributed? (c) Venkatraman, 2008 [Sourcing] “ In” “ Out” “ On” “ Off” [Shoring]
4. How to architect global work?  <ul><li>What’s the design logic for work?   </li></ul><ul><ul><li>Transactional </li></u...
4. How to architect global work?  <ul><li>How to design different types of work? </li></ul><ul><ul><li>Sequential work  </...
Value creation and capture in  Globalization 3.0 (c) Venkatraman, 2008 Strategically thinking about Globalization for valu...
Embarking and Embracing Globalization 3.0 (c) Venkatraman, 2008 Core Processes Key Cases
(c) Venkatraman, 2008 Thank You Very Much!
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Globalization 3.0

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A Talk I gave at Boston University Alumni Breakfast Series in NY on April 1, 2008.

Published in: Business, Education
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  • Wow is new version of Globalization 3.0. Great professor.
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  • In an otherwise great and insightful presentation, I am unable to understand the relevance of the distribution of governance as it applies to sourcing and shoring.

    I am sure that you may have made some introductory remarks on this.

    Well, it would be more interesting to hear from you what would be the tipping points for globalization to go from 2.0 to 3.0.
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Transcript of "Globalization 3.0"

  1. 1. PROFESSOR N. VENKATRAMAN David J. McGrath Jr. Professor in Management Boston University School of Management April 1,2008 Globalization 3.0: Opportunities & Challenges
  2. 2. Headlines.. Of Many Kinds (c) Venkatraman, 2008
  3. 3. And there are cartoons.. (c) Venkatraman, 2008
  4. 4. Look Back in History: May 12, 1896 (c) Venkatraman, 2008 40.94
  5. 5. Fast Forward to 2050: ‘BRIC’ (c) Venkatraman, 2008
  6. 6. We are in an era of global networks… (c) Venkatraman, 2008 Live Consume Play Work Create Connect
  7. 7. Or to put it differently….. (c) Venkatraman, 2008
  8. 8. And according to Dilbert… (c) Venkatraman, 2008
  9. 9. Process offshoring.. Just getting started (c) Venkatraman, 2008
  10. 10. Globalization: Stylized Shifts (c) Venkatraman, 2008
  11. 11. Globalization 1.0 (c) Venkatraman, 2008
  12. 12. One of the First Global Corporations… (c) Venkatraman, 2008
  13. 13. Globalization 2.0 (c) Venkatraman, 2008
  14. 14. Globalization 2.0 Infrastructure (c) Venkatraman, 2006
  15. 15. Globalization 2.0 Infrastructure (c) Venkatraman, 2006
  16. 16. (c) Venkatraman, 2006 Globalization 3.0
  17. 17. Three Technology Laws…. (c) Venkatraman, 2008 What’s the impact today? What’s the likely impact in 2010? 2015?
  18. 18. Globalization 3.0 is about IT-enabled work (c) Venkatraman, 2008 Engineering Legal Medical Software BPO Call Centers Tech Support ?? R&D Analytics ?? ?? Services Design ??
  19. 19. Where’s it designed? Where is it manufactured? (c) Venkatraman, 2006
  20. 20. Globalization through digital networks.. (c) Venkatraman, 2008
  21. 21. Remote, Connected Work (c) Venkatraman, 2006
  22. 22. Globalization 3.0: Early observations…. But not prescriptions (c) Venkatraman, 2008
  23. 23. (c) Venkatraman, 2008
  24. 24. Healthcare in Global Business Networks <ul><li>AN ILLUSTRATIVE COMPARISON OF COSTS </li></ul><ul><li>(SOURCE: BUSINESSWEEK) </li></ul>(c) Venkatraman, 2008
  25. 25. Heart Bypass <ul><li>U.S.: $130,000 </li></ul><ul><li>Singapore: $18,500 </li></ul><ul><li>Thailand: $11,000 </li></ul><ul><li>India: $10,000 </li></ul>Photo: EastShore Hospital, Singapore Data: Business Week, The EastShore Hospital is an International Member of Blue Cross, Blue Shield of South Carolina..
  26. 26. Heart Valve Replacement <ul><li>U.S.: $160,000 </li></ul><ul><li>Singapore: $12,500 </li></ul><ul><li>Thailand: $10,000 </li></ul><ul><li>India: $9,000 </li></ul>Photo: Apollo Hospital, Chennai. India Data: Business Week, The Apollo Hospital is an International Member of Blue Cross, Blue Shield of South Carolina..
  27. 27. Angioplasty <ul><li>U.S.: $57,000 </li></ul><ul><li>Singapore: $13,000 </li></ul><ul><li>Thailand: $13,000 </li></ul><ul><li>India: $11,000 </li></ul>Photo: Bumrungard International Hospital , Bangkok Data: Business Week, 35,000 Americans traveled to Bangkok in 2007 for this treatment
  28. 28. Hip Replacement <ul><li>U.S.: $43,000 </li></ul><ul><li>Singapore: $12,000 </li></ul><ul><li>Thailand: $12,000 </li></ul><ul><li>India: $9,000 </li></ul>Photo: Gleneagles, Singapore Data: Business Week, US Private equity firm, TPG has taken a controlling interest in the Parkway Group that owns the hospital.
  29. 29. Hysterectomy <ul><li>U.S.: $20,000 </li></ul><ul><li>Singapore: $6,000 </li></ul><ul><li>Thailand: $4,500 </li></ul><ul><li>India: $3,000 </li></ul>Photo: a subsidiary of Wockhardt in Mumbai, India Data: Business Week, Active discussions with US insurers
  30. 30. Knee Replacement <ul><li>U.S.: $40,000 </li></ul><ul><li>Singapore: $13,000 </li></ul><ul><li>Thailand: $10,000 </li></ul><ul><li>India: $8,500 </li></ul>Photo: St. Luke’s Hospital in Manila Data: Business Week, Early stage infrastructure; not yet world-class..
  31. 31. Spinal Fusion <ul><li>U.S.: $62,000 </li></ul><ul><li>Singapore: $9,000 </li></ul><ul><li>Thailand: $7,000 </li></ul><ul><li>India: $5,500 </li></ul>Photo: Tiantan Puhua Hospital, Beijing, China Data: Business Week, Experimental stem cell treatments, not available in the USA..
  32. 32. Medical Tourism in Thailand <ul><li>Medical Tourism % </li></ul><ul><li>USA: 33% </li></ul><ul><li>China: 29% </li></ul><ul><li>Japan: 18% </li></ul><ul><li>UK: 14% </li></ul><ul><li>Middle East: 6% </li></ul><ul><li>Australia: 6% </li></ul><ul><li>Others: 17% </li></ul>Photo: Phuket Hospital, Bangkok Data: Business Week, Thailand had 1.5 million medical tourists in 2007
  33. 33. Remember Lessons from the Global Motorcycle Sector? (c) Venkatraman, 2008
  34. 34. It’s not all about accent neutralization! (c) Venkatraman, 2008
  35. 35. Globalization 3.0: Early Experimenters (c) Venkatraman, 2008
  36. 36. Globalization 3.0: Positioning it in the Strategic Agenda (c) Venkatraman, 2008
  37. 37. 1. What’s our business scope? (c) Venkatraman, 2008 Strategic Importance of Capabilities Core Necessity Support “ Best” “ Good” “ Weak” Relative Position Sourcing Logic
  38. 38. 2. Where’s our global footprint? (c) Venkatraman, 2008 Shoring decisions
  39. 39. 3. How’s the governance distributed? (c) Venkatraman, 2008 [Sourcing] “ In” “ Out” “ On” “ Off” [Shoring]
  40. 40. 4. How to architect global work? <ul><li>What’s the design logic for work? </li></ul><ul><ul><li>Transactional </li></ul></ul><ul><ul><li>Transformational </li></ul></ul><ul><ul><li>Tacit </li></ul></ul>(c) Venkatraman, 2008 Source: McKinsey
  41. 41. 4. How to architect global work? <ul><li>How to design different types of work? </li></ul><ul><ul><li>Sequential work </li></ul></ul><ul><ul><li>Reciprocal work </li></ul></ul><ul><ul><li>Pooled work </li></ul></ul>(c) Venkatraman, 2008 (A) (B) (A) (B) (C)
  42. 42. Value creation and capture in Globalization 3.0 (c) Venkatraman, 2008 Strategically thinking about Globalization for value creation and capture
  43. 43. Embarking and Embracing Globalization 3.0 (c) Venkatraman, 2008 Core Processes Key Cases
  44. 44. (c) Venkatraman, 2008 Thank You Very Much!
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