Wednesday, February 28, 2024

Have You Heard of Poland's Blik?

©iStock/PIKSEL
Poland's Blik is one of many homegrown mobile payment service providers (PSPs) that have become integral to commerce in the countries they were launched. As local PSPs become more popular, relying strictly on global PSPs is no longer enough for businesses expanding to new geographies. They must address payment localization to build trust with customers and avoid losing sales. 

Blik powered 70% of e-commerce transactions in Poland last year. Find out what this means and why it is important.

Tuesday, February 27, 2024

Never Retreat From Globalization – You Might Regret It

©iStock/Thinkhubstudio
What was globalization meant to be?  Brining the world closer together, enmeshing advanced and developing economies in a web of mutually beneficial economic and financial linkages. From about the mid-1980s, trade and financial flows between countries expanded rapidly as governments dismantled barriers to these flows. 

Not everything went according to plan. Tensions rose as the benefits were not equally shared within or among countries.

As the Foreign Policy article (as featured in The Broadsheet) says:

Globalization is not dead, but it has clearly taken a turn toward fragmentation along geopolitical lines, which could have important economic consequences for all countries. 

Learn more to guard against any whiplash effect caused by retreating from globalization.

Monday, February 26, 2024

Today in Global Small Business: Global Small Businesses Need Financial Services, Not Charity

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

Saturday, February 24, 2024

I'd Like to Say Thank You Very Much

©2024 Laurel J. Delaney.  All rights reserved.
"For all the supporters of Tesla over the years, and it's been several years now and there have been some very tough times, I'd just like to say thank you very much. I deeply appreciate the support, particularly through the darkest times." – Elon Musk

Friday, February 23, 2024

Does Your Global Business Services Function Add Value?

©iStock/CarlosAndreSantos
Less than half of companies believe their global business services (GBS) function adds value. This requires GBS organizations to adopt a new mindset—one that goes “Beyond GBS.”

Highlights:

•  “Beyond GBS” organizations strengthen their ownership of end-to-end outcomes. They run GBS like a business in terms of performance, cost, and service levels, and they attract more attention from the C-suite.

•  They lead digitization initiatives, scale their best practices internally using consistent structures and processes globally, and provide new value-added services adjacent to their core delivery.

•  Implementing this model involves building a robust digital and data backbone, fostering internal partnerships, and redefining the GBS mandate to include value-added activities beyond traditional transactional processes.

Read (8-minutes) the entire article here.

Thursday, February 22, 2024

First Glow in the Dark House Plant Yours for U.S. $29

©iStock/tomertu
*** Ground breaking event!*** Consumers in the United States can now pre-order a genetically engineered plant for their home or garden that glows continuously.

At a base cost of US$29.00, residents of the 48 contiguous states can get a petunia (Petunia hybrida) with flowers that look white during the day; but, in the dark, the plant glows a faint green.

Biotechnology firm Light Bio in Sun Valley, Idaho, will begin shipping a batch of 50,000 firefly petunias in April.

Keith Wood, chief executive and co-founder of Light Bio, has been working on bioluminescent plants — which emit light through chemical reactions inside their cells — since the 1980s. 

What countries does Light Bio ship to?  Currently, they ship Firefly Petunias only within the USA.

There certainly is some upside potential here once they decide to take on the world with their plant.

Wednesday, February 21, 2024

#standuptoPutin

©iStock/Dzurag
May Alexei Navalny's heroic sacrifice be a wakeup call to all. 

Note:  Photo is of a young girl putting her hand to a frosted wall in support of Alexei Navalny during a rally against his arrest in Moscow on January 23, 2021. 

Tuesday, February 20, 2024

Intrapreneurs Changed Corporations From Within

©iStock/syahrir maulana
What do these examples have in common?  Sony’s Playstation, Google's Gmail and 3M’s Post-it notes.  They all have intrapreneurship in common which was first coined in the 1970s in the context of corporate organizations.

Intrapreneurship was first coined in the 1970s – principally in the context of corporate organizations in a paper titled Intra-Corporate-Entrepreneurship. While entrepreneurs were creating start-ups, intrapreneurs were changing corporations from within. Intrapreneurs were corporate changemakers.

Smaller organizations have never been considered as being suitable places for intrapreneurs – where the need for organizational survival is tempered in mature organizations, the opposite is true in an SME context. 

Find out why here.

Monday, February 19, 2024

Today in Global Small Business: Celebrating U.S. Presidents Washington and Lincoln

©iStock/Gaurav Pandey
What's affecting me, my clients, my colleagues and other global small business owners:

Saturday, February 17, 2024

I Know Exactly What I Want

©2024 Laurel J. Delaney.  All rights reserved.
"I'm tough, ambitious, and I know exactly what I want. If that makes me a bitch, okay." – Madonna 

Friday, February 16, 2024

Amazon Audience Targeting: Increase Your Revenue, See Real Conversions and Maximize Your Ad Budget

©iStock/Jirsak
If you’re looking to increase your revenue and see real conversions, Amazon audience targeting helps maximize your ad budget. 

Amazon provides the perfect opportunity to sell to millions online, extending reach far beyond a brick-and-mortar storefront. Due to the sheer volume of web traffic that Amazon receives each month, many sellers focus all of their efforts exclusively there rather than open their Direct to Consumer (DTC) website.

eCommerce brands will see greater success by narrowing their target audience rather than selling to every consumer in the world.

Learn about three basic types of ads that appear in specific places with Amazon targeting.

Thursday, February 15, 2024

Global-First Mindset

©iStock/FotografieLink
What’s the difference between doing business globally, and being a global-first business? What are the positives, pitfalls, and most crucially, how do you ensure your business isn't left behind in the race towards global-first dominance in 2024? 

Doing business globally might involve expanding your operations across borders, tapping into international markets, and perhaps establishing a presence in multiple countries.  

On the other hand, being global-first is a strategic mindset that places the global market at the forefront of every decision. 

Learn more about the distinction between the two here.