Product Description

The dawn of the 21st century coincides with the dawn of a new economic era--an industrial revolution breathtaking in its scope, its potential and its promise. Ahead lies a sustained period of economic growth: a boom that could last 30 years or more. The era ahead will demand fundamental rethinking by statesmen and public policy experts, and just as importantly, by people in business. The corporations that recognize this "boom" and build organizations that can take advantage of this huge global market will be well positioned for phenomenal growth and unlimited earning potential. Through, Boom, internationally recognized experts Frank Vogl and James Sinclair show corporations how to best position themselves for this new era. Specific topics include: an overview of the new industrial revolution; redefining the corporation for global business; the new politics and its implications for transnational b usiness; the "new" global state of mind, corporate knowlede and contracts.

Product Details

• Amazon Sales Rank: #1280795 in Books
• Published on: 1995-09
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 244 pages

Customer Reviews

EQUALS DRUCKER!!!
When it comes to business and management books, there is a typology that categorizes much of the writing in this genre into two: by thinkers who can't do and by doers who can't think! This underlines the fact that academic analysis, by itself and without practical relevance, achieves very little. Similarly, so-called practical recipes for success with a narrow focus and little real understanding of the underlying principles also leave much to be desired.

Therefore, when a book that makes an important contribution to the understanding of an increasingly competitive global economy such as BOOM makes the scene, it is to be welcomed as a breath of fresh air. Written by two authors with strong credentials who are themselves in the midst of building a multinational enterprise, this book speaks with a certain air of authority and credibility. Frank Vogl was born in London and educated at Leeds. A former Reuters reporter and European business correspondent of The Times, he moved to the USA to become US economics correspondent for The Times and then director of information and public affairs at the World Bank. He is now a director of Sutton Resources Ltd of Canada, of which James Sinclair is a fellow director and chairman. Sinclair is an authority on investment and financial markets and was formerly head of a leading Wall Street precious metals trading firm. His previous books include The Strategic Metals War and How to Make Money in Gold Currencies.

In Part One, BOOM and the New Industrial Revolution, authors Vogl and Sinclair forecast dramatic changes in the global economy, with an unprecedented era of growth providing extraordinary opportunities for business: hence the 'boom' scenario. The authors see this new era of economic growth unfolding in most of the countries of the world gathering momentum as we enter the 21st century. As a natural consequence of the new industrial revolution taking place in emerging economies, hundreds of millions of people, if not billions, will benefit and rise from poverty to form the new middle classes of Asia, particularly in China and India, and concurrently in Latin America, Africa and Eastern Europe. Supplying the customer demands in this emerging market and building the infrastructure for these economies, say Vogl and Sinclair, represent outstanding business opportunities not to be missed. The boom is stimulated by the steady growth and low-inflation policies now being seen in leading industrialised countries as well as by economic policies in dozens of emerging market economies that encourage investment, savings, and price stability. These economic policies are supported by social policies that are raising educational and health levels in many parts of the developing world. The authors argue that these economic and social policies will be strengthened as markets for all manner of goods and services in developing countries are being linked by technology, telecommunications, and multinational investors. Thus, the 'boom' scenario sets the vision for creating wealth in the 21st century and provides the analytical propositions of the book: Very profitable business opportunities will arise, but managing in this new era will be complicated.

Using their vast experience of doing business in both Western and Third World markets, Vogl and Sinclair then tackle in Part Two, Risks, Values and Opportunities, some of the risks associated with the 'boom' scenario by looking at increasing military spending and the populist challenges to fragile democracies in the emerging economies. The road to wealth is not without obstacles and the authors warn that corruption is the single greatest threat to this scenario. Vogl and Sinclair describe this corruption threat in detail and the global actions being taken to curb this disease.

They also argue that the investors and businesses that fare best will be those that make the greatest effort to understand the global, political, and economic trends now emerging and those that strategize accordingly. Smart investors are already positioning themselves to take full advantage of the boom, as are many multinational corporations. They know that the maximization of profit will increasingly depend on going global and they recognize that the fastest rates of economic growth in coming years will not be in the United States, Germany, UK and Japan but in Third World countries.

In Part Three, Doing Business in the 21st Century, Vogl and Sinclair provide their insights into this 'boom' scenario by outlining the strategies and tactics to make full use of it. They describe the critical management considerations for winning in the new era of intensified global business competition where business conditions in almost all markets will be more competitive than ever before. From setting goals, gathering business intelligence, and building contacts to positioning in new markets, BOOM provides corporations with a blueprint for success in this new era. Business leaders should also realise, however, that the political environment of much of the Third World is changing, democracy is spreading and demands for the public accountability of public servants are rising. Thus, multinational corporations will need to change their ways, too, and in this context, partnership is the absolute key. Tomorrow's global corporations must work towards open, honest partnerships with their host country stakeholders: governments, joint venture associates, strategic alliance partners, customers, suppliers and employees. The 'boom' scenario also poses many crucial questions for European and American managers and companies: Will the start of the new century see a fundamental shift in global economic and political power towards Asia? What will be the consequences of this? Can, for example, UK industry compete in the increasingly global market? Is it inevitable that British industry will reduce employment at home as it builds new bases in lower cost, more productive Asian and African locations? Will the boom's creation of a large Third World middle class to mean a vast consumer market also mean a major political challenge to the status quo? Will this emergent Third World middle class provide the impetus for a New World Order? These are the pertinent questions posed by this important new book. Practising what they preach, Vogl and Sinclair bring together the diverse strands of their analysis, highlighting their vision in BOOM by describing the approaches they have taken to build Sutton Resources Ltd, a successful international minerals exploration company listed on NASDAQ. The authors outline their own experiences and demonstrate that they practise what they have described throughout the book. "Sutton does not pay bribes, it earns goodwill, it engages in partnerships and it is winning," they state.

Reviewed by Azlan Adnan. Formerly Business Development Manager with KPMG, Azlan is currently Managing Partner of Azlan & Koh Knowledge and Professional Management, an education and management consulting practice based in Kota Kinabalu, Malaysian Borneo. He holds a Master's degree in International Business and Management from the Westminster Business School in London. He may be contacted at E-mail: azlan@azlan.org

Equals DRUCKER'S Management Challenges for the 21st Century
When it comes to business and management books, there is a typology that categorizes much of the writing in this genre into two: by thinkers who can't do and by doers who can't think! This underlines the fact that academic analysis, by itself and without practical relevance, achieves very little. Similarly, so-called practical recipes for success with a narrow focus and little real understanding of the underlying principles also leave much to be desired.

Therefore, when a book that makes an important contribution to the understanding of an increasingly competitive global economy such as BOOM makes the scene, it is to be welcomed as a breath of fresh air. Written by two authors with strong credentials who are themselves in the midst of building a multinational enterprise, this book speaks with a certain air of authority and credibility. Frank Vogl was born in London and educated at Leeds. A former Reuters reporter and European business correspondent of The Times, he moved to the USA to become US economics correspondent for The Times and then director of information and public affairs at the World Bank. He is now a director of Sutton Resources Ltd of Canada, of which James Sinclair is a fellow director and chairman. Sinclair is an authority on investment and financial markets and was formerly head of a leading Wall Street precious metals trading firm. His previous books include The Strategic Metals War and How to Make Money in Gold Currencies.

In Part One, BOOM and the New Industrial Revolution, authors Vogl and Sinclair forecast dramatic changes in the global economy, with an unprecedented era of growth providing extraordinary opportunities for business: hence the `boom' scenario. The authors see this new era of economic growth unfolding in most of the countries of the world gathering momentum as we enter the 21st century. As a natural consequence of the new industrial revolution taking place in emerging economies, hundreds of millions of people, if not billions, will benefit and rise from poverty to form the new middle classes of Asia, particularly in China and India, and concurrently in Latin America, Africa and Eastern Europe. Supplying the customer demands in this emerging market and building the infrastructure for these economies, say Vogl and Sinclair, represent outstanding business opportunities not to be missed. The boom is stimulated by the steady growth and low-inflation policies now being seen in leading industrialised countries as well as by economic policies in dozens of emerging market economies that encourage investment, savings, and price stability. These economic policies are supported by social policies that are raising educational and health levels in many parts of the developing world. The authors argue that these economic and social policies will be strengthened as markets for all manner of goods and services in developing countries are being linked by technology, telecommunications, and multinational investors. Thus, the `boom' scenario sets the vision for creating wealth in the 21st century and provides the analytical propositions of the book: Very profitable business opportunities will arise, but managing in this new era will be complicated.

Using their vast experience of doing business in both Western and Third World markets, Vogl and Sinclair then tackle in Part Two, Risks, Values and Opportunities, some of the risks associated with the `boom' scenario by looking at increasing military spending and the populist challenges to fragile democracies in the emerging economies. The road to wealth is not without obstacles and the authors warn that corruption is the single greatest threat to this scenario. Vogl and Sinclair describe this corruption threat in detail and the global actions being taken to curb this disease.

They also argue that the investors and businesses that fare best will be those that make the greatest effort to understand the global, political, and economic trends now emerging and those that strategize accordingly. Smart investors are already positioning themselves to take full advantage of the boom, as are many multinational corporations. They know that the maximization of profit will increasingly depend on going global and they recognize that the fastest rates of economic growth in coming years will not be in the United States, Germany, UK and Japan but in Third World countries.

In Part Three, Doing Business in the 21st Century, Vogl and Sinclair provide their insights into this `boom' scenario by outlining the strategies and tactics to make full use of it. They describe the critical management considerations for winning in the new era of intensified global business competition where business conditions in almost all markets will be more competitive than ever before. From setting goals, gathering business intelligence, and building contacts to positioning in new markets, BOOM provides corporations with a blueprint for success in this new era. Business leaders should also realise, however, that the political environment of much of the Third World is changing, democracy is spreading and demands for the public accountability of public servants are rising. Thus, multinational corporations will need to change their ways, too, and in this context, partnership is the absolute key. Tomorrow's global corporations must work towards open, honest partnerships with their host country stakeholders: governments, joint venture associates, strategic alliance partners, customers, suppliers and employees.

The `boom' scenario also poses many crucial questions for European and American managers and companies: Will the start of the new century see a fundamental shift in global economic and political power towards Asia? What will be the consequences of this? Can, for example, UK industry compete in the increasingly global market? Is it inevitable that British industry will reduce employment at home as it builds new bases in lower cost, more productive Asian and African locations? Will the boom's creation of a large Third World middle class to mean a vast consumer market also mean a major political challenge to the status quo? Will this emergent Third World middle class provide the impetus for a New World Order?

These are the pertinent questions posed by this important new book. Practising what they preach, Vogl and Sinclair bring together the diverse strands of their analysis, highlighting their vision in BOOM by describing the approaches they have taken to build Sutton Resources Ltd, a successful international minerals exploration company listed on NASDAQ. The authors outline their own experiences and demonstrate that they practise what they have described throughout the book. "Sutton does not pay bribes, it earns goodwill, it engages in partnerships and it is winning," they state.

Brilliant
Never before has the whole topic of globalization, from its economic ramifications for the next 25 years, to its impact on business and management, to its societal impact (notably the issue of corruption) been captured so well. This is must reading