Saturday, April 30, 2016

A Symbol of Our Freedom

©2016 Laurel J. Delaney.  All rights reserved.
"The American flag is the symbol of our freedom, national pride and history." -- Mike Fitzpatrick

Thursday, April 28, 2016

The Beginning of a New Global Trading System

©iStock/LDProd
China has more than a billion people and is tapping into markets such as India and Africa -- capturing markets that account for more like three to four billion users, in places with fast emerging middle classes.
"If you are banker and you are in transaction banking, you are foolish if you think in five years' time the majority of your customers' transactions will be conventional supply chain transactions, or conventional trade transactions. They and a growing host of new businesses, often global SMEs, will be trading through platforms like Alibaba. So the banking side of the business will gravitate towards Alibaba, and there may be one or two other platforms competing alongside them."
For example, if we are leaning toward a platform-based global commerce economy, what about Google, Facebook, eBay and Amazon?  Don't underestimate their capabilities.

Read more:  Alibaba advances:  How China is using fin tech to take control of global trade

Wednesday, April 27, 2016

Promoting Innovation in the United Arab Emirates

©iStock/ramzihachicho
The United Arab Emirates (UAE) and Dubai have long been considered the gateway to global markets, especially with entrepreneurs who inherit or can tap into some serious money.
The D.C.-based startup incubator and seed fund 1776 signed an agreement to open an outpost at the Dubai Museum of the Future Foundation, a new organization formed to promote innovation in the United Arab Emirates.
The campus will showcase museum exhibits, host events and incubate startups.

Read more:  1776 to open first international campus in Dubai

Tuesday, April 26, 2016

Encouraging Small Businesses to Go Global and Be More Creative

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Who is Korean-based Naver?
As the nation's largest web portal, Naver attracts more than 26 million visitors who enter over 300 million search queries and stream 18 million videos every day. As a business and content platform, it has 1.6 million local businesses, more than 400 professional webcomic authors, 150 web novel writers, 10,000 illustrators and 3,300 indie musicians.
For content creators, Naver plans to help small businesses work in a sustainable environment and ultimately encourage them to go global as a way to motivate their creativity.

Read more:  Naver vows to support small businesses, content creators

Monday, April 25, 2016

Today in Global Small Business: Lessons in Going Global

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What's affecting me, my clients, my colleagues and other global small business owners:

Thursday, April 21, 2016

How to Stay Out of An Early Grave with a Global Business

©iStock/EddieThomas
What happens when you launch your business globally?  It's never a linear process, rather, you zigzag from one thing to another that requires your attention.  As Fred Schebesta, chief executive of finder.com says:
Going global with a business idea is exactly the same – what worked for one company will put another one snugly into an early grave.
Here's a look at four points that Schebesta makes in the article "Here's what happens in the first six months of taking your business global."
  1. First you realize that importance, no matter the industry, isn't universal
  2. Then, you need to get your existing fan base fired up
  3. You need familiar boots on the ground
  4. Then, you iterate in the motherland
If you do most of these things, you are well on your way to success in the global marketplace.

Wednesday, April 20, 2016

Internationalizing in the High-Technology Market

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Recent research entitled, "Hybrid strategy works best when high-technology companies go global," by Professor of International Business Mika Gabrielsson from the University of Eastern Finland, Senior Researcher Tomi Seppälä from Aalto University, and Professor of Marketing Peter Gabrielsson from the University of Vaasa, debunks the theory that companies can successfully go international by adhering to a single competitive strategy.

Findings:
  • Study says hybrid strategy creates conditions for internationalizing companies to achieve best financial performance.
  • Study challenges theory that a company should try either differentiation or cost leadership when going international.
  • Conditions of the home markets of firms have received too little attention in globalization strategy work.
Sounds like Michael Porter, a Harvard Business School professor and consultant, is also being challenged on his theory that a company should adhere to a single competitive strategy, either differentiation or cost leadership, when going international.

Read more:  Hybrid Strategy Works Best When High-Tech Companies Go Global

Tuesday, April 19, 2016

International Trade Matters for SMEs

©iStock/Thinglass
The rise of UK micro businesses going global shows international trade is accessible for all.  According to research conducted by Martin Davidian, managing director, Sales, UK North and Ireland, FedEx Express, more than three quarters of UK micro-multinationals feel international trade is just as accessible for small businesses.

An additional finding:
Globally, all micro-multinationals believe having a presence in multiple markets makes it easier to sell goods cross-border, with more claiming it is easier to operate internationally now than it was in 2010.
Read:  Rise of micro-businesses going global shows international trade accessible for all

Monday, April 18, 2016

Today in Global Small Business: How to Turn Cross-Cultural Understanding Into a Competitive Advantage

©iStock/Phillippa Banks
What's affecting me, my clients, my colleagues and other global small business owners:
  • What happens when your product has the public approval of celebrity fans like Victoria Beckham and Emma Watson?  Can you count on becoming a global winner?
  • The New York Times pours $50 million in to reaching international readers.
  • A Hungarian talent show for young classical artists is close to being replicated internationally.
  • Seven (7) ways to turn your cross-cultural understanding into a global competitive advantage (webinar 5/4; no charge).
  • Legal news and resources you can put to good use at your global business.
  • Tip of the day:  Zoom for video conferencing, web conferencing, online meetings, webinars and screen sharing.