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.

Wednesday, February 14, 2024

Love Is Our True Destiny

©iStock/Marina Leer
"Love is our true destiny. We do not find the meaning of life by ourselves alone - we find it with another." – Thomas Merton

Tuesday, February 13, 2024

The One and Only Web Globalization Report Card 2024 by John Yunker

©iStock/metamorworks
I've been a fan of John Yunker's for more than two decades.  No one knows web globalization like John does.  He's the expert of all so-called experts on this topic.  Check out some past post about John here

The exciting news is that he is finishing up his latest popular report card, "The Web Globalization Report Card 2024," available in two weeks.  Meanwhile, here's a glimpse of what the report offers.  He adds:

"I can tell you now that I've seen a small but notable rebound in languages, which is nice to see. Last year was the first time we witnessed a net loss in overall languages. Looks like the average number of languages supported by the leading global brands will come in at 34 languages."

Reach out to John to learn more about his company and discover a special package deal he is offering that includes a one-hour presentation on "10 Lessons from 20 Years of Web Globalization."

His email is listed in the lower left hand corner of his website: https://bytelevel.com/.    

Monday, February 12, 2024

Today in Global Small Business: What to Expect in the Year of the Dragon 2024

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

Saturday, February 10, 2024

My Heart Beats Differently When I'm in Chicago

©2024 Laurel J. Delaney.  All right reserved.
"It’s one of the greatest cities on the planet. My heart beats differently when I’m in Chicago. It slows down and I feel more at ease." – Jeremy Piven

Thursday, February 08, 2024

Creating a Consistent Global Customer Experience

©iStock/Stock photo and footage
Building a global company is easier, but also more nuanced and complex, than ever before. In the past, companies could limit expansion in a more controlled fashion to just one market at a time. In the digital age, global growth is far more continuous and incremental in nature. 

But with this new approach comes risk: If your customers in one market receive less value than those in another, they perceive your offering differently. This is not only unfair to them, but it can also hurt your business in the long run. 

To truly create an equitable experience for your customers, you will need to focus as early as possible on driving a global mindset.  Start here to learn how it is done.

Wednesday, February 07, 2024

Dubai Government's $136 Million SME Push to Help Small Businesses Globalize

©iStock/IR_Stone
The Dubai government’s $136 million SME push to help small business to globalize will trigger an immediate influx of entrepreneurs and top talents from around the world to either expand or set up new businesses in the emirate, before taking them global, because of the inclusivity of the initiative, experts and industry players said.

The new initiative is also expected to ignite a flurry of expansions and new product launches by existing small and medium businesses and marketplaces by taking advantage of the interest-free loans to gear up for their regional and global plans. 

The move should attract a wide array of talent.  Is this something you should consider for your global small business?

Tuesday, February 06, 2024

From Japan to Global – a wegginar® with Kaori Shimazaki (2/7/24 at 11 AM CT)

©2024 Women Entrepreneurs Grow Global®.  All rights reserved.
Who is Kaori Shimazaki?  Glad you asked because she is wegg's next wegginar® presenter!

Kaori is CEO and founder of SAKE Generation.  Her journey spans diverse corporate landscapes and entrepreneurial milestones.  It goes like this ...

Before entrepreneurship, she held pivotal roles, including Business Planning Lead at Coca-Cola Bottlers Japan, P&A Manager at Asurion Japan, and Controller at Credit Suisse.  During her tenure at Coca-Cola, Kaori pursued an MBA at the University of Chicago while co-founding the pioneering SAKE project with an international team. This venture reached the finals of the Chicago Global New Venture Challenge Competition. 

Once she established SAKE Generation in 2019, her initiatives garnered recognition from various prestigious platforms, such as the U.S. Embassy’s Women’s Entrepreneurship Program, where she secured the Bronze Award in a competitive pitch contest. 

Additionally, she contributed to Tokyo’s NY Expansion Support Program (X Hub Tokyo) and the APTWoman program, which led her to explore Silicon Valley as a cultural envoy. 

Kaori’s commitment to expertise is reflected in her professional qualifications, including a U.S. CPA acquired in 2008, an MBA from the University of Chicago in 2019, and certifications as a Certified SAKE Professional and Sake Sommelier in 2019 and 2021, respectively.

If that doesn't all WOW you, this will.

You can participate in Kaori's upcoming wegginar free of charge on 2/7 at 11 AM CT thanks to wegg's generous sponsors: https://bit.ly/3vx7xik.

Find out how she accomplished all of the above when she presents: "From Japan to Global:  Exporting the new SAKE Experience!"

Monday, February 05, 2024

Today in Global Small Business: Honoring Black History Month

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

Saturday, February 03, 2024

Hang Out With the People You Love

©2024 Laurel J. Delaney.  All rights reserved.
"I surround myself with some pretty cool people, and we all have a great time together, and so I just like to hang out with the people I love and see what happens. We always have a good time." – Charlie Weber

Friday, February 02, 2024

What's Next For Evergrande's Creditors and What Their Collapse Means for Global Business

©iStock/LewisTsePuiLung
A Hong Kong court on recently ordered the liquidation of Evergrande, the heavily indebted Chinese property giant. The decision comes two years after the company defaulted, setting off a financial crisis at other developers and adding to the challenges facing the world’s second-largest economy. 
The company’s dissolution raises questions about fairness for overseas creditors — which could have wider implications for foreign businesses operating in China. 
Learn how Evergrande fell (limited access).

Thursday, February 01, 2024

Global Growth Stronger Than Expected in 2024

©iStock/Galeanu Mihai
According to the International Monetary Fund (IMF), global growth is stronger than expected and will be 3.1% in 2024, the same as in 2023, as the US and emerging economies have shown resilience to previous crises, with strong consumption driving the growth.

The IMF has increased its previous forecast by 0.2%, in its latest World Economic Outlook report, factoring in upgrades for China, the United States, and large developing economies.  Global GDP is expected to accelerate slightly in 2025, by 3.2%.

Read the entire piece, including a mention about shaky growth in Europe.

Wednesday, January 31, 2024

15 Best Foreign Languages to Learn for a Child

©iStock/ivosar
In this article, discover the 15 best foreign languages to learn for a child. 

In addition, find out:

  • Why language education matters in early years.
  • Career opportunities for multilingual kids.
  • Resources to help children acquire foreign languages.

Read on.

Tuesday, January 30, 2024

The Largest Exporters in the World

©iStock/mnbb
Exports play an important role in the global economy, serving as a catalyst for economic growth, job creation, and international cooperation. 

Thanks to the evolution of international trade, the effects of globalization, and progress in technology, global trade has increased by around 300% over the last 20 years. 

And using data obtained from the World Bank, you can see the world's top exporters by country and their top exports, such as petroleum, cars, and medication.

Take a journey – a pictorial – of the largest exporters in the world.

Monday, January 29, 2024

Today in Global Small Business: Regional Mexican Music Crosses Borders

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

Saturday, January 27, 2024

Friday, January 26, 2024

A Critical Examination of Globalization

©iStock/Darren415
In a recent Bloomberg Markets article titled “Everything You Thought About Free Trade Is Wrong,” Professor of International History, Quinn Slobodian was featured for his critical examination of globalization. The article explores Slobodian’s latest book, “Crack-Up Capitalism: Market Radicals and the Dream of a World Without Democracy,” challenging the prevailing narrative of free trade’s success.

Read on to learn how Slobodian questions the widely taught and assumed story of globalization that touts the benefits of free trade erasing borders and fostering prosperity.

Wednesday, January 24, 2024

Intellectual Property Adds Value Around the World

©iStock/May Lim
Intellectual property knowledge, data and services are adding value around the world by creating a better understanding of IP.

The World Intellectual Property Organization (WIPO) is the global forum for intellectual property policy, services, information and cooperation.

Their protection services are easy to use and an effective way to get your IP registered across borders. 

When in doubt, always consult with a reputable international IP attorney.

Tuesday, January 23, 2024

Globalization: A Resource Guide

©iStock/wael alreweie
This resource guide is created by Library of Congress to help users understand globalization, its history, the elements it comprises, and the current trends. It also provides resources for keeping current with the latest research on the subject for further exploration.

Not sure if they are keeping this up to date but it's worth a look to see what they have shared on defining globalization, its history, trends, and databases.

Monday, January 22, 2024

Today in Global Small Business: Houthi Attacks Have Upended Global Shipping

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

  • Hundreds of ships are avoiding the Suez Canal and sailing an extra 4,000 miles around Africa, burning fuel, inflating costs and adding 10 days of travel or more in each direction – all caused by Houthi attacks in the Red Sea shipping area.
  • Red Sea attacks:  US again hits targets as global shipping reels.
  • Climate extremes are wreaking havoc on global shipping.
  • Quote of the week: "It is not the ship so much as the skillful [safe] sailing that assures the prosperous voyage.” – George William Curtis
  • How attacks on ships in the Red Sea by Yemen’s Houthi rebels are crimping global trade.
  • With more and more shipping companies extending full or partial closures of Red Sea shipping routes due to attacks by Yemeni rebels, global trade could be seriously affected; global shipping chokepoints.

Saturday, January 20, 2024

New Era In the Automotive Field

©2023 Laurel J. Delaney.  All rights reserved.
“The Thunderbird will begin a new era in the automotive field.” – Ford Div. G.M. L. D. Crusoe, during unveiling of Ford’s Thunderbird; Feb. 1954.

Friday, January 19, 2024

Achieving Sustainable Impact at Scale

©iStock/Author
In a recent policy brief published by the Dag Hammarsköld Foundation and the United Nations, the common approach to achieving the Sustainable Development Goals (SDGs) has been to track progress on a global and country-by-country basis and to argue for policy change, for more investment, and more innovation. 

These are important elements of a strategy to achieve the SDGs, but what has been missing is to design, fund, and implement investment programs in a way that systematically and effectively supports the achievement of the SDGs.

Find out how a concerted push to achieve the SDGs needs a practical scaling approach.

Thursday, January 18, 2024

Inspiring Words From Jenny Zhu: "Defy the odds. Redefine obstacles. Design an inspired life."

©Women Entrepreneurs Grow Global®.  All rights reserved.
As President of Women Entrepreneurs Grow Global®, I am excited to release our latest How She Went Global® podcast episode #35 with Jenny Jing Zhu, CEO and Founder, Lush Decor Home: "Building a $100 Million Home Decor Empire:" https://bit.ly/3S3RQqe.

In this extremely insightful discussion, Ms. Zhu talks about:

🔸 How she went from a small, electricity-challenged village in China to the founder of Lush Décor Home, now a $100 million enterprise.
🔸 How she navigated the various stages of business growth.
🔸 Her international expansion plan.
🔸 What makes her most grateful.
🔸 + more ...

The HSWG® podcast is made possible through generous support from Associated Bank and Bluedog Design, which wegg® thanks.

As Jenny adds, "Defy the odds.  Redefine obstacles.  Design an inspired life."  

Tune in to find out how she did it:  https://bit.ly/3S3RQqe

Wednesday, January 17, 2024

Build a Dream Team, Not a Family

©iStock/Mahmudul Hassan
As leaders, integrating a "dream team" philosophy means moving beyond the "family" model to a framework where excellence, growth, and respect are more important than unrealistic loyalty and unconditionality. 

It's about creating an environment where everyone is driven to be their best, supported by the group's collective strength and ambition, understanding that not everyone may be a part of the team forever. 

Read on to learn strategies for building high-performance, growth-oriented teams.

Tuesday, January 16, 2024

Case Study: Pink Lily

©iStock/Kriangsak Koopattanakij 
From hiring to testing out physical retail, to ecommerce platform and social media strategy, Pink Lily provides a case study on what has worked for stages of growth and what the future holds for the company.

Good case study.  Worth a read.  Many lessons to learn.

Monday, January 15, 2024

Today in Global Small Business: Celebrating the Life of MLK Jr.

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

Saturday, January 13, 2024

If You Haven't Found It Yet

©2024 Laurel J. Delaney.  All rights reserved.
"If you haven't, found it yet, keep looking." – Steve Jobs

Thursday, January 11, 2024

The Next AI-Fueled Challenger to Google: Perplexity.ai

©iStock/siraanamwong
A resource I shared during my "Laurel Delaney's Global Trade Trends Report 2024," which you can watch now free of charge, is called Perplexity.ai.

Perplexity, a startup going after Google’s dominant position in web search, has won backing from Jeff Bezos and venture capitalists betting that artificial intelligence will upend the way people find information online.

Perplexity was started less than two years ago, has fewer than 40 employees, and is based out of a San Francisco co-working space. The company’s product, which it calls an answer engine, is used by about 10 million people monthly.

And let us not forget about other up and coming AI resources:  Anthropic, the AI startup behind the chatbot Claude.

Make sure you have an AI strategy in 2024.

Wednesday, January 10, 2024

Considerations When Taking a Business Global

©iStock/WANAN YOSSINGKUM
There are many considerations to be made when taking a business global.

On the payroll and human resources end, important considerations involve understanding the potential labor costs, making sure the company’s culture and employee experience are in sync to avoid high rates of turnover, ensuring the business is in compliance with many new tax and labor laws in the country(ies) where the employer wishes to expand, and applying new and emerging technology in ways that will aid the scope of the payroll and human resource expansion.

These are just a few.  There are more.

Tuesday, January 09, 2024

Laurel Delaney's Global Trade Trends Report 2024 – wegginar® 1/10/24

©Women Entrepreneurs Grow Global®.  All rights reserved.

Join us – free of charge, https://bit.ly/3tiHRFq, to learn what trends to watch this year as you grow your global business.  wegginar® takes place at 11 AM CT on Wednesday, January 10, 2024.  See you there.

Monday, January 08, 2024

Today in Global Small Business: How AI Shook the World in 2023

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

Saturday, January 06, 2024

Full of Things That Have Never Been

©2024 Laurel J. Delaney.  All rights reserved
"And now we welcome the new year [2024]. Full of things that have never been." – Rainer Maria Rilke

Friday, January 05, 2024

Where the UK Monarchy Stands Globally in 2024

©iStock/Bet_Noire
For Prince William and Kate Middleton, 2023 was a major yer. The couple took on more responsibilities as senior members of the royal family, tended to their individual and joint projects and ventures as the Prince and Princess of Wales, and focused on raising their three young children. 

With the start of 2024, the couple already has their sights set on plans for the year ahead, and it reportedly includes a major trip overseas.  The trip could yield a tremendous amount of insight into where the monarchy stands globally in the year ahead.

Thursday, January 04, 2024

Have a Global Point of View

©iStock/chombosan
According to Talk Business, the global scene is diverse, offering a wide pool of ideas, perspectives, and talents you can explore besides opening your business to a larger potential customer base. Leverage this diversity by embracing it. How? Start by making your team more diverse so you can have a more global point of view.

Do that and here are a couple of other pointers that can help you be more competitive in the global market

Wednesday, January 03, 2024

According to Harvard, the Global Economy Is Doing Better Than Expected

©iStock/thitivong
Summary from Harvard Business Review:  The economy is ending 2023 in better shape than expected. Most importantly, inflation is falling in much of the world and some central bankers have signaled likely interest rate cuts in 2024. But risks remain as higher interest rates work their way through markets. Geopolitics also looms large.

As 2023 comes to a close, the global economy is, in many ways, doing better than expected. The U.S. not only avoided a recession but has grown at a steady clip. Unemployment has been low and, crucially, inflation is falling in most of the world.

And yet, the economic outlook remains deeply uncertain.  Find out why here.

On another note, Harvard seems to be turning their cheek to plagiarism, attempting to take the low road on an issue that is so important to all authors, not just Presidents of Ivy Leagues universities.  Shame on them.  Read this piece and tell me that the statement they make is true:  "First and foremost, we thank [Harvard University] President Gay for her deep and unwavering commitment to Harvard and to the pursuit of academic excellence."  Academic excellence?  Really?  Since when is any form or shape of plagiarism okay? 

Tuesday, January 02, 2024

Top 2024 Best Wishes, Stories, Status and Quotes

©iStock/Aliaksandr Bukatsich
Save these for next year :-).  Here are the best wishes, messages and quotes to share.  And I don't think they are ChatGPT generated.  But I wouldn't bet on it.