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And here's an article indicating global data continues to reinforce the idea that the world business cycle has bottomed and that growth is starting to advance.
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The administration’s National Export Initiative calls for a 20 percent increase in next year’s budget for the Department of Commerce’s International Trade Administration, bringing it to $534 million. This would enable ITA to hire up to 328 trade experts to help U.S. companies find customers in foreign countries, with a particular focus on high-growth markets like China, India and Brazil.Read more here.
The ITA aims to help 23,000 businesses to start exporting or grow their international sales next year. Over the next five years, the agency is shooting for a 50 percent increase in the number of small- and medium-size businesses that export to more than one market.
The administration also wants the Export-Import Bank to increase the financing it makes available to small- and medium-size businesses from a record $4.4 billion last year to $6 billion next year.
Ex-Im Bank is an independent federal agency that provides loan guarantees, export-credit insurance and direct loans to finance sales of U.S. exports.
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1. Where are your customers online?What is socialgraphics?
2. What are your customers’ social behaviors online?
3. What social information or people do your customers rely on?
4. What is your customers’ social influence?
5. How do customers use social technologies to learn, make decisions, and support your products and services?
Socialgraphics is how to measure how customers use social technologies, where they are online, and how it influences them in the context of the customer life cycle.Learn more here. This piece might be helpful as well.
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“We’re excited to embark on this new phase for LIVESTRONG and Nike,” said Lance Armstrong Foundation President and CEO Doug Ulman. “Lance’s return to cycling drew the eyes of the world to the fight against cancer and Nike’s support is allowing us to spread the message of hope and perseverance to new markets all over the globe.”Read more here.
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The economy has entered a new "phase of the recovery," said John Chambers, Cisco's chief executive, in a call with analysts, adding that he planned to hire up to 3,000 workers in coming quarters. "This is one of the most robust positive turnarounds I've seen in my career," he added.The tech world according to Google:
Before he (Google CEO Eric Schmidt) got into the nitty-gritty of this year’s outlook, Google announced that revenue was up 17 percent in Q4 2009 ($6.7 billion) and up $23.65 billion for all of 2009 (for a net income of $6.5 billion).The tech world according to NetSuite:
Having had a dreadful start to 2009, NetSuite announced record earning for the fourth quarter and year ended 31st December, 2009. From the release:The tech world according to IBM:
“Total revenue for the year was $166.5 million, a year-over-year increase of 9%. Total revenue for the fourth quarter was $43.0 million. Revenue from the Americas for the fourth quarter of 2009 was $35.0 million, while revenue from international regions was $8.0 million. NetSuite added approximately 295 new customers in the fourth quarter.
Moreover, IBM's full-year 2009 earnings of $10.01 per share were up 13% year over year, and net income of $13.4 billion rose 9% from fiscal year 2008. Earnings for the year were a record, despite the worldwide recession. Full-year earnings surpassed the Zacks Consensus Estimate of $9.88 per share, as well as the company's own guidance of $9.85 per share.The tech world according to Microsoft:
The company's spectacular amount of new services contract signings and a pick up in corporate IT spending figured into the improved guidance for fiscal 2010. Historically, IBM has raised its guidance for almost every quarter in the last two years. For fiscal year 2010, the company again raised its EPS guidance to $11 per share, up from a previously expected $10-$11 per share range last month.
Microsoft posted a bigger-than-expected 60 percent increase in quarterly profit on Thursday, helped by strong sales of Windows 7, and said it expected business technology spending to recover this year.The tech world according to Apple:
The company said net profit came to $6.7 billion, or 74 cents a share, up from $4.2 billion, or 47 cents a share, a year earlier.
For the three-month period ending Dec. 29, 2009, Apple posted earnings of $3.4 billion, on a revenue of $15.7. Compared to the year-ago figures of $11.9 billion, that amounts to $2.3 billion in net quarterly profit.TechTip2U Powered by: Verio
Apple shipped 8.7 million iPhones — more than double compared to the year-ago quarter — and 3.4 million Macintosh computers, up 33% from a year earlier.
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Explore outside the local and domestic market. When it comes to horse racing, for years the leading buyers destination was Dubai thanks to the wealthy investments by the Royal Family. With Dubai in flux, many investors have backed off. Finley has been exploring Ireland now instead. “We were one of the first to buy and bring back horses from Ireland,” says Finley. “Now we have Irish investors interested in us.”Read more here.
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Learning a language sometimes seems as difficult as dieting. The solution is to figure out how to stay interested after the novelty wears off.For an option, go here.
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Cloud computing is a general term for anything that involves delivering hosted services over the Internet. These services are broadly divided into three categories: Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (According to InfoWorld: What cloud computing really meansPaaS ) and Software-as-a-Service (SaaS ). The name cloud computing was inspired by the cloud symbol that's often used to represent the Internet inflow chart s and diagrams.
Tip No. 5: SMBs use the cloud to avoid infrastructure problems faced by offering their services in different countries around the globe. The cloud will act as an equalizer in this manner and allow SMBs large and small to compete internationally.In line with above, cloud computing has changed how companies market, sell, provision and deploy new services on a global basis.
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More broadly, our research has implications for what kind of work is “offshore-able.” We believe that if Western companies focused more on fostering collaboration between workers separated by geography and culture, and less on forcing offshore workers to perform tasks in very specific ways, the range of work they could source offshore would be significantly expanded. Companies struggling to fill talent gaps in semiconductor-chip design, drug discovery, engineering and other intellectually complex areas could draw on high-quality and growing talent bases in countries like India and China.Read the entire article here.
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Why did you make this decision? It surprised many people and many companies.Read the entire interview here.
Google is a different kind of company than many others. The issue of operating in China was always complex for us. We were asked to accept a system of censorship that we were very uncomfortable with. But we had come to the conclusion that operating in China was better for everyone—us, the Chinese people—than staying out of the country. We have decided that we cannot participate in censorship anymore.
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KnowEm was developed to assist everyone - from individuals to Fortune 500 companies - in discovering where their names, brands, or trademarked terms are available (or stolen) on Social Media networks. KnowEm will not only help you secure your name across the vast social media landscape but we can also show you how to contact each site in order to have the name released and returned to you.Check it out. Let us know if it's useful to you or not. Don't see too much global here.
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The President has been receiving updates on the urgent situation in Haiti late into last night and throughout the day, and top members of his team have been convening to formulate the government response.Families of Americans living in Haiti are encouraged to contact the State Department at 888-407-4747.
You can also help immediately by donating to the Red Cross to assist the relief effort. Contribute online to the Red Cross, or donate $10 to be charged to your cell phone bill by texting "HAITI" to "90999." Find more ways to help through the Center for International Disaster Information.
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The best books on globalization this year offer insights into three directional trends that are changing the topology of global trade and influence: the deepening of regional ties across emerging markets; the continuing rise of powerful new global players; and, finally, the intractability of risk factors inherent in emerging markets and regional networks, and how best to analyze them.Get ready to feed your global mindset and chart your business course. The five featured are:
An unmistakable conclusion that we share with all the books featured in this essay is the assertion that the U.S. has lost its status as the preeminent driver of globalization. Thus, we predict that two trends will typify the next phase of globalization: First, stronger regionalism in terms of deepening economic integration in areas such as East Asia, Latin America, and the Arab world will be driven by local powers such as China, Brazil, and Saudi Arabia. Second, the global playing field for firms, capital, and strategies will become much more level as Western companies lose the automatic edge they once held in trust and credibility. (See “Capturing the Asian Opportunity,” by Andrew Cainey, Suvojoy Sengupta, and Steven Veldhoen, s+b, Winter 2009.) Companies in emerging and frontier markets may not become global leaders in their own right, but they will surely be powerful players in their own domains and beyond.Care to share other enlightening books you read on globalization in 2009? We'll highlight them here on The Global Small Business Blog.
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China is already accounting for 17 per cent of the world's chemical output,' says Thomas. 'The high growth in chemical production will continue in 2010 because of the large number of new chemical plants due to come on stream in the country during the year. Their output will slow down the big inflow of imports into China.'Read more about this topic here at Chemistry World.
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Some people view globalization in positive terms, as a key force in promoting worldwide economic development. But others believe ...More here.
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‘‘SMEs are the backbone of this economy and it’s time the government sat up and took notice of this," said Curran.Further:
‘‘We need to look at improving the export policy of these businesses, but the cost of competitiveness and a reduction in rates and other charges - such as energy - must be addressed. SMEs have done all they possibly can to cut costs.
‘‘We are still reliant on the international economy, and I would be very worried about the first few months of next year. This has probably been the worst year for SMEs in 20 years."Read more at "SMEs Hanging On In Unforgiving Climate."
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"Chinese consumers are buying," says Dong Tao, regional Asia economist for Credit Suisse in Hong Kong. "Job prospects are good." Add what he calls "the spice of asset appreciation" in property and stocks, and folks feel richer.Still, Asia must rely on its exports to not just survive but to really thrive. More here.
All of that is good news for the world economy, which has relied on Asia to pull the world out of recession. The International Monetary Fund forecasts inflation adjusted growth in developing Asia will be 7.3% in 2010, compared to 3.1% globally. China has accounted for more than half of the world's economic growth the past three years, according to the IMF.
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