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The traditional Western business model is shifting as China and India increasingly take ownership of some of the world's biggest corporations. In the next generation, the world economy will look decidedly different, predict international management professors, Andrew and Nada Kakabadse. With global corporations becoming the dominant social institutions of the 21st century, managers and executives need to start changing their ways, they say. Forget about singing from the same corporate hymn sheet. Instead, try to keep in harmony with the choir.
By theBoxThe traditional Western business model is shifting as China and India increasingly take ownership of some of the world's biggest corporations. In the next generation, the world economy will look decidedly different, predict international management professors, Andrew and Nada Kakabadse. With global corporations becoming the dominant social institutions of the 21st century, managers and executives need to start changing their ways, they say. Forget about singing from the same corporate hymn sheet. Instead, try to keep in harmony with the choir.

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