Go From Local to Global, Here's How

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As Chief Operating Officer at Globalization Partners Debbie Millin says: "Expanding globally can be a daunting task, but it is also hugely rewarding and can help grow your business in new ways. As globalization continues to be a trend for U.S. companies, there are more resources for you to reach out to as you plan your expansion strategy."

Today’s economy is truly global. A recent CFO magazine survey of senior executives showed 44% planned to hire an employee in a country where they do not have any employees currently. This sort of expansion is terrific on paper, but it can create an unseen problem: How can companies of all sizes effectively set up and manage a global footprint?

Learn about what you need to know to go from local to global.

Today in Global Small Business: Becoming a Truly Global Business

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

• Why breaking down tax and trade barriers will help small businesses win.
• Small business cybersecurity is now a top priority of the House Committee on Small Business.
• Amazon India is growing ...
• How to use sustainability as a lens for [global] strategy.
• Pinterest crosses key milestone in quest to be a truly global business.
• Twenty-four (24) resources for importing agricultural products.

What Does It Mean to Be Truly Global?

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Having just given a presentation for the Women Presidents' Organization last week at McDonald's Hamburger University in Oakbrook, Illinois on "What It Means To Be Global," I was quite pleased to discover this newly published work featured below by one of my favorite authors:  C.K. Prahalad (may he rest in peace).

Background:

August 8 was C.K. Prahalad’s 70th birthday. To commemorate Prahalad’s work, strategy+business is pleased to publish an article that was in progress at the time of his death in April 2010. In it, he and his coauthor, Hrishi Bhattacharyya, explain why multinational business models are no longer relevant, and how skillful companies can integrate three strategies — customization, competencies, and arbitrage — into a better form of organization.

How to Be a Truly Global Company
by C. K. Prahalad and Hrishi Bhattacharyya

Snippet:

The problem is not globalization, but the way our current institutions are set up to respond to this new demand. The prevailing corporate operating model does not work well with the structural changes that have taken place in the global economy.

Definitely worth a read - several times over.

Past blog posts on CK:

• Revolutionizing How You Do Business in Developing Countries (9/1/09)
• The Magnificent Seven: Global Business Books in 2008 Worth a Read (1/7/09)
• Business As An Agent of World Benefit (9/15/06)
• The Innovation Sandbox (9/7/06)

Posted by:  The Global Small Business Blog