Companies are taking more pragmatic steps toward actively shaping the societies in which they operate. This is not only sustaining economic progress, but also broad-based prosperity. Yet, on the other side of this globalization and technological impact, there is also rising social inequality, social strife, terrorism, civil wars, and international conflict (Source: BCG).
Other globalization paradoxes:
- Dispersed innovation – diverse ideas, yet not together for efficiency
- Supply chain – efficient, yet not flexible (Source: McKinsey)
- HarperCollins did not identify “Israel” on its 2015 world atlas geared for the Middle Eastern market. The publisher said the omission was for “local preferences.”
- German chocolate cake is named after British chocolatier Sam German!
What global paradoxes have you witnessed?
