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> American companies need to actually localize and build the "cultural competency" Not gonna happen. It's much easier to manage a company that has all-America
by anal_reactor 3y ago
> American companies need to actually localize and build the "cultural competency"
Not gonna happen.
It's much easier to manage a company that has all-American culture, and American market is the biggest anyway, so it makes sense to focus on it as the priority #1 because that's how you achieve fastest growth.
When a local company starts growing too much and threatens your business, you just buy it and allow it to run as a subsidiary. All the money, none of the effort.
- alephnerd 3y ago> Not gonna happen Depending on the market and industry, it's already started. Take a look at Google and Meta's ad buy in India, Brazil, and Indonesia for example. > When a local company starts growing too much and threatens your business, you just buy it and allow it to run as a subsidiary. All the money, none of the effort Some do attempt this (eg. Walmart's acquisition of Flipkart) but it doesn't always succeed. For example, Zoho was an acquisition target of Google and Yahoo back in the day. And most countries have regulators that try to bar this kind of a move for competitive reasons. For example, it was Chinese regulators that crashed Intel's attempt at acquiring Tower, and Broadcom's attempt at acquiring Qualcomm, and there's the whole sordid saga around Carl Ghosn's tenure at Nissan.