Abstract: Globalization and digital technology have combined to create a vast, complex information network grid which has helped innovative businesses as well as newcomers such as Skype to grow multifold. This had made every company a global company where business transactions are made to customers around the world via sales platforms such as eBay or Alibaba. The article’s conclusion is that this interconnectedness has increased stability for the businesses by diversifying their risk but has also raised the need for the executives to better understand areas where disruption such as global financial crisis could rather have an amplified negative impact.

Published: McKinsey Quarterly, June 2010

Authors: Peter Bisson, Elizabeth Stephenson and S. Patrick Viguerie

Link: Globalization+Technology