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Featured Strategy, Globalization Article, growing opportunity investment banks in emerging markets
The growing opportunity for investment banks in emerging markets

August 2008

As gloom besets capital markets in the developed world, the prospects of emerging ones continue to shine.

Featured Strategy, Globalization Article, interview ChemChina's president
A growth strategy for a Chinese state-owned enterprise: An interview with ChemChina's president

July 2008

Ren Jianxin explains how domestic acquisitions helped prepare the way for overseas ones.

Featured Strategy, Globalization Article, interview chairman of ENN Group
Cleaner energy for China: An interview with the chairman of ENN Group

July 2008

In a country with a major pollution problem, Wang Yusuo is trying to build a part of the solution.

The Archive

2008
How corporate China is evolving

July 2008

China’s business landscape is changing rapidly. So must the way we comprehend it.

How to address China's growing talent shortage

July 2008

The imbalance between business opportunities in China and qualified executives to manage them will get worse—a lot worse—before it gets better.

Reassessing China's state-owned enterprises

July 2008

China’s state-owned companies, like China itself, are diverse. Many of them would make better partners for multinationals than some of their private-sector counterparts. Openness, not ownership, is the key.

The cost of going global for China's high-tech companies

July 2008

Chinese technology companies are competing successfully on their home turf. Global markets may be another story, at least in the short run.

China's track record in M&A

June 2008

China’s companies are expanding the focus of their outbound M&A, but so far they have struggled to create value.

Global investment strategies for China's financial institutions

June 2008

Chinese financial institutions are flush with money at an opportune moment. They should resist the urge to build empires and instead focus on advancing their skills and global experience.

A pioneer in Chinese globalization: An interview with CIMC's president

May 2008

A company that has already disrupted the container business is moving into transportation equipment and services.

Competition from China: Two McKinsey Surveys

May 2008

Executives around the world expect competition from Chinese companies to increase, mainly because of their low production costs, yet surprisingly few are acting to meet the threat, a McKinsey survey shows. A separate survey of executives based in China reveals widespread global ambitions and concerns about finding the talent to reach them.

How Chinese companies can succeed abroad

May 2008

Chinese companies are seeking opportunities abroad. They will have to acclimate to new surroundings—just as the foreign companies that entered China did.

Selling China's cars to the world: An interview with Chery's CEO

May 2008

Yin Tongyao explains how his fledgling automotive company learned to profit from adversity.

How companies act on global trends: A McKinsey Global Survey

April 2008

Executives say that global trends have become increasingly important, but few companies are addressing them successfully.

The growing role of emerging markets in aerospace

April 2008

Manufacturers in developing markets are already helping aircraft makers in developed ones to cut costs. That's just the beginning.

The multilocal challenge: Managing cross-border functions

March 2008

Companies are learning to adapt their organizational design to capture cross-border synergies and to protect local sources of profitability.

A political education for business: An interview with the head of the Council on Foreign Relations

February 2008

Richard Haass says that businesses have much to learn from government as they compete in an increasingly complex global landscape.

2007
Bringing best practice to China Premium Content

November 2007

As the country merges into the world economy, best practice in China will become best practice globally, products developed in China will become global products, and industrial processes developed in China will become global processes.

Betting on biofuels

May 2007

The industry is still in its infancy but evolving rapidly. Companies that hope to compete must devise their entry strategy now.

What's ahead for business in Brazil

April 2007

The economy is more stable that it's been in quite a while, and many industries are riding high—for the time being.

When Chinese companies go global: An interview with Lenovo's Mary Ma Premium Content

April 2007

CFO Ma describes the unique challenges awaiting Chinese companies that seek growth through international acquisitions.

Building global champions in Latin America Premium Content

March 2007

The region’s companies will fulfill their potential abroad only if they pursue clear global aspirations and find systematic ways to develop their talent and integrate cultures and organizations.

Five priorities for Brazil's economy

March 2007

To enter the ranks of the world’s leading economies, the country must remove entrenched barriers to productivity.

Gulf telcos: Managing expansion better Premium Content

March 2007

Profitable businesses at home have led Gulf telcos to expand nearby regions. But success abroad will require a whole new set of skills.

How Gulf companies can build global businesses Premium Content

March 2007

Companies based in the GCC states are using their petrodollars to expand into global markets. But in the long run, these companies will have to develop distinctive capabilities and skills.

What executives are asking about Latin America Premium Content

March 2007

Latin America's economy may not be growing as quickly as those of China or India, but it presents real opportunities, and the political risks are often exaggerated.

China's state-owned enterprises: Board governance and the Communist Party Premium Content

February 2007

As the state-owned sector attracts strategic investors, they find themselves befuddled by the role of an almost invisible power: the Communist Party.

Doing business in China: A McKinsey Survey of executives in Asia

February 2007

Surprisingly few companies have any operations in China today, but the vast majority expect to be doing business with the country within five years.

Global trends in energy

February 2007

Energy and materials companies face a demanding future. They must start preparing for it now.

Moving energy-intensive industries to the Gulf

February 2007

Multinational producers of energy-intensive commodities must rethink their approach to crafting deals in the Gulf.

Beyond oil: Reappraising the Gulf States

January 2007

Further reform will be essential if one of the world’s fastest-growing regions is to seize a broader role in the global economy.

2006
What executives are asking about China: From entry to execution Premium Content

June 2006

The head of McKinsey's offices in China answers the questions that senior managers of multinational companies are asking.

Ten trends to watch in 2006

January 2006

Macroeconomic factors, environmental and social issues, and business and industry developments will all profoundly shape the corporate landscape in the coming years.

2005
How India's executives see the world

September 2005

Business leaders across India share an upbeat vision of the future while recognizing the obstacles ahead.

What executives are asking about India

September 2005

The head of McKinsey's Indian offices addresses the concerns of senior multinational executives.

Global champions from emerging markets Premium Content

May 2005

Developing economies have become an invaluable springboard for companies looking to compete successfully abroad.

2004
China and India: The race to growth Premium Content

December 2004

The world’s two biggest developing countries are taking different paths to economic prosperity. Which is the better one?

Facing China

December 2004

The country’s emergence as an economic power is changing the way people and companies everywhere live and work.

What executives are asking about China

December 2004

The head of McKinsey’s office in China answers the senior executive’s most pressing questions about doing business there.

Governing globalization

August 2004

The public and private sectors must collaborate closely to ensure that all workers benefit from the global economic integration.

A guide to doing business in China Premium Content

July 2004

China lends itself to sweeping statements about the nature of doing business there. Most are unfounded.

The McKinsey Global Survey of Business Executives , July 2004

July 2004

The second McKinsey Global Survey of Business Executives finds that corporate leaders are still confident—especially about hiring, IT spending, China, and India—though they’ve tempered their earlier enthusiasm.

Understanding the Chinese consumer Premium Content

July 2004

Laurent Philippe, the head of Procter & Gamble in China, explores how to beat the competition in the country’s huge and complex market.

Offshoring goes on the offensive Premium Content

May 2004

Cost cutting is only the first benefit.

Corporations as global citizens

February 2004

Global corporations and the developing countries where they invest actually have symbiotic objectives.

2003
Offshoring and beyond Premium Content

December 2003

Cheap labor is the beginning, not the end.

The next hurdle for Indian IT

December 2003

The cofounder and chairman of one of India’s premier technology companies argues that it has a sustainable competitive advantage.

China's refrigerator magnate Premium Content

August 2003

Zhang Ruimin, CEO of the Haier Group—the Chinese company that is the world’s fifth-biggest maker of white goods—describes his plan to create a global brand.

2002
Taking Tesco global

August 2002

David Reid, deputy chairman of Tesco, the United Kingdom’s largest grocer (2002), explains his international strategy.

Preparing for a financial crisis Premium Content

June 2002

Companies can do much to avoid falling victim to sudden national financial emergencies. Although the tally of such events is rising, many businesses remain unprepared for them.

Winning Asian strategies Premium Content

February 2002

Although executives in Asia distrust Western corporate strategies, its top-performing corporations have already adopted at least some of them.

2001
Whither globalization ? Premium Content

October 2001

The war on terrorism may change the shape and pace of economic integration. But the fundamental human forces that drive it will not be dislodged.

Lawyers get down to business Premium Content

May 2001

New pressures are hitting the legal industry. Now is the time to think through your strategy.

2000
What the WTO really means for China Premium Content

May 2000

Membership in the World Trade Organization will make China more open to multinationals. Though industries such as banking and insurance may be transformed, in many sectors China’s accession to the WTO will have little effect. Nor is membership a done deal—in either China or the United States.

1999
Dialog: Can a company ever be too big? Premium Content

November 1999

Some people believe that "it is different this time." Others don't.

Getting to global Premium Content

November 1999

As globalization continues to play out over the next 30 years, geographic and regulatory barriers will fall, electronic distribution will start to parallel and even overtake physical distribution, installed capacity will become obsolete before it is depreciated, and focused competitors will attack like piranhas. Companies must restructure or die.

Are you taking your expatriate talent seriously? Premium Content

August 1999

To make the most of overseas opportunities, multinational companies must pay closer attention to the problems of executives transferred into them.

Retailers to the world Premium Content

August 1999

A “virtuous cycle” of self-reinforcing benefits will permit certain companies to redefine—and control—the industry. Even so, retailers still have enough time to build cross-border positions and local-market defenses.

Global beer: What’s on Tap? Premium Content

February 1999

The brewers, if not the beer, won’t all be alike; they are beginning to consolidate around segments of the business.

World Power & light Premium Content

February 1999

The forces driving globalization are strong, but they will take time to play out. Already, meter reading is becoming a stand-alone business. Huge opportunities arise from huge productivity gaps: the best utilities lose 7 percent of the electricity they transmit, the worst 17 percent.

1998
Corporate strategy in a globalizing world: The market capitalization imperative Premium Content

August 1998

Many companies still want to be big fish in national ponds. But that won’t generate the high market values that will keep them independent. Nothing matters more than return on equity.

Gold from noodles

August 1998

Can you make money in China’s packaged food market? There are many recipes for disaster. Three lessons: price for high affordability, rush for scale, and invest in people, not assets.

1997
Emerging market alliances: Must they be win-lose? Premium Content

November 1997

Alliances between global companies and their partners in emerging markets are often difficult and unstable.

What’s new about globalization? Premium Content

May 1997

A “superconductor” of knowledge and capital is about to reach the right temperature. A $21 trillion dollar market will emerge—with no natural owners. The challenge will be to leverage brands, ideas, and people. The biggest opportunities will be the ones that look most local.

1996
Rolling out the red carpet Premium Content

November 1996

Prithvi Raj Singh ("Biki") Oberoi, then (1996) the Oberoi Group’s managing director, explains how his family built a global hospitality business.

Buy stocks, shun bonds Premium Content

May 1996

There’s new evidence that global capital markets are becoming a reality. They will drive the transfer of technology and managerial know-how across borders. A series of major bond crises is likely.

Winning China’s consumer market in the 21st century Premium Content

May 1996

China’s market for fast-moving consumer goods has exploded over the past decade. And as millions of households cross the income threshold for packaged goods consumption, the market is likely to continue to outpace growth in the overall economy.

Global retailing: Tempting trouble? Premium Content

February 1996

Huge markets await, but profit formulas often get distorted. What won’t work: a standalone approach, inflexible purchasing, and 100% ownership. Three new expansion strategies.

1995
Solving the puzzle: MNCs in China Premium Content

May 1995

New approaches to managing joint ventures. MNCs now seeking clear equity control. Why you may need a China corporate center.

1994
Building—and rebuilding—a global company Premium Content

May 1994

Thomas J. Bata, then (1994) chairman of Bata Shoes, discusses the challenges of staying the course during a century of political turmoil.

1993
Born global Premium Content

November 1993

A new breed of Australian firm shows that it is possible to succeed in world markets without an established domestic base.

Second generation MNCs in China Premium Content

November 1993

A survey of MNCs successfully committed to China shows that they have progressed far beyond the cautious experimental stage.

The road ahead for Asia’s leading conglomerates Premium Content

August 1993

As regional growth blossoms, past approaches to strategic and organizational success may no longer be adequate.

Seeding plants for a global harvest Premium Content

May 1993

Successful manufacturers site their plants to build a global network of strategic capabilities.

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