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HBR IdeaCast

The Condensed September 2014 Issue

HBR IdeaCast

Harvard Business Review

Management, Business/marketing, Strategy, Entrepreneurship, Business/management, Hbr, Finance, Marketing, Communication, Innovation, Teams, Business, Business/entrepreneurship, Economics, Harvard, Leadership

4.31.9K Ratings

🗓️ 12 August 2014

⏱️ 21 minutes

🧾️ Download transcript

Summary

Amy Bernstein, editor of HBR, offers executive summaries of the major features.

Transcript

Click on a timestamp to play from that location

0:00.0

The Closer Podcast brings you the inside story of deals changing the world, told by the people who know how it all went down.

0:09.0

Understand the human motivations behind groundbreaking business decisions with host Amy Keene.

0:14.6

Listen to The Closer, Cast from Harvard Business Review. I'm Sarah Green. I'm talking today with

0:35.4

Amy Bernstein, the editor of HBO, about the feature articles in our September 2014 issue.

0:41.6

Amy, thanks so much for talking with us today. Happy to be here. I am so

0:46.0

excited about the spotlight topic for this issue, managing across borders, because this is something

0:51.6

that we really see a lot of traction

0:54.0

for instance whenever we publish something online this is a problem managers are

0:57.8

really grappling with. So tell me a little bit about what's in the spotlight

1:01.7

package to help people with the

1:03.7

challenge of managing companies across borders. What we have this month is a

1:08.9

couple of views of strategy across borders and it really deals with some of the misperceptions about

1:17.2

running a multinational company.

1:20.0

The first article is Tarun Khan's contextual intelligence.

1:25.0

And what he said that was so intriguing is that best practices don't translate from country

1:31.4

to country. That many managers of global companies assume that all

1:36.8

they need to do to take a business from country A to country B is a couple of tweaks, right? Not true at all. They've done very deep

1:47.1

analysis and what the data show is that more often than not you really have to do a radical rethink of your business in order to succeed from one country to another.

2:02.0

They looked at the example of Metro Cash and Carry, which I believe is a German big box supplier of fresh groceries and office supplies to businesses.

2:16.0

And Metro Cash and Carry had over the years

2:19.8

expanded across Western Europe and into Eastern Europe and Russia with very few problems.

2:27.0

But when it went into China, bam, it just hit wall after wall it knew for example from all that of its experience

...

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