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The Quest for Global Dominance: Transforming Global Presence into Global Competitive Advantage, Second Edition by Haiyan Wang, Vijay Govindarajan, Anil K. Gupta

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7

Dynamics of Global Business Teams

We are all angels with only one wing. We can only fly while embracing each other.

—Luciano de Crescenzo1

In 2006, the merger of Arcelor and Mittal Steel created the world's first truly global steel company with operations on four continents and industrial presence in twenty-seven countries. ArcelorMittal, the post-merger enterprise, employed 320,000 people, produced 118 million tons of steel (more than two times the output of the second largest steel company), and had revenues of $88.6 billion in 2006. An immediate effect of the merger was to give the combined company greater resources, a larger market share, more production facilities, a wider footprint, more research and development centers, more distribution ...

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