Taking UK exports to all corners of the globe | British Chambers of Commerce RSS feed http://t.co/XrIjcd7k08 (via @phonlyapp)
It's interesting to see the same trend in the U.S., France, the UK and others, namely a large portion of companies not taking advantage of market opportunities outside their borders. Is it fear of embarking on a new venture? Most likely. There is no denying that tapping into the global market takes hard work and patience. But what doesnt? With a well prepared plan and a good understanding of the people and cultures you do business with, the rewards are tremendous.
We’ve compiled the top 10 tips for more successful communication with anyone in the world. After all, good communication is key for good business.
Thanks to Dean Foster, of Dean Foster Associates, for this simple yet critical list of tips. These can make the difference between a productive, forward moving conversation with a business partner abroad, and one where both parties think the conversation went well but in fact they were at cross purposes and no business ever develops... I'm sure many of you have experienced those!
The facts show Ex-Im continues to play a critical role helping American companies compete in global markets.
Companies in over 60 countries get financing from their government, and a lot more of it than US companies do through the Ex-Im bank. If Ex-Im is not reauthorized, US companies will lose export deals to competitors in other countries.
AND the Ex-Im bank is actually profitable. How many government agencies actually bring in profits?
For the U.S. economy to grow more robustly, we absolutely must step up our exports -- 95 percent of consumers reside elsewhere -- and our greatest potential for increasing exports lies with our small and medium sized manufacturers....
Excellent short article by Jerry Jasinowski, Fmr Pdt of Nat.Assoc. of Manufacturers:
"I believe InSinkErator's China initiative offers a prime example of how a strong smaller company can go global while keeping management and R&D here and strengthen its financial position in the process."
by Scott Beale at 11:59 am on February 5, 2014. How To Sneeze. Manchester-based artist James Champman illustrates how to sneeze in ten different languages. Previously he explored what various animals sound like in different languages.
Last month Mexico's Congress voted open the country’s state-run oil industry to foreign and domestic investors—ending 75 years of government control. U.S. Chamber President and CEO Tom Donohue says that U.S. companies are well positioned to benefit from this market-opening move.
Think of all the related industries that can benefit from this; oil rig manufacturers and all their suppliers, oil transportation companies and services, engineering services, financing etc
Crossposted from the U.S. Chamber of Commerce Foundation's Emerging Issues blog.
If you are like me, it won't surprise you to see San Francisco in 1st position in this ranking. But some of the cities that came right after SF surprised me. And I admit I was pleased to see France in #5 position! It seems all the efforts of recent years to attract talent into innovation have paid off. Of course the measure used here has its limitations, but it's still an interesting data point.
To find out more about how your company could leverage the talent in the cities and countries mentioned here, please visit www.g2experience.org
Expect: high-profile keynote speakers; dynamic market exploration sessions; pre-scheduled one-on-one meetings with international trade diplomats; industry panels featuring companies and individuals experienced in 18 Free Trade Agreement countries; and excellent networking ...
When looking to begin exporting, countries we have a Free Trade Agreement with are the "low hanging fruit". You can start here and move on to other markets. Your next step could be to target countries currently in negotiations for the TPP and/or the TTIP.
A less hierarchical environment isn't easy for everyone to navigate.
Another great article by Andy Molinsky. I had a similar experience, coming from France, when I first interviewed with US companies. It really is critical for all of us to be aware of the cultural differences in communication styles to avoid potentially disastrous misunderstandings.
The 2014 World Cup will attract more than 3.6 billion viewers -- a reminder that economic power is shifting away from the U.S. to a new world middle class.
Many of you will have a "double-take" when you see these numbers. Pretty astounding. Whether we like it or not, it is happening so the sooner companies prepare to take advantage of this, the better equipped they will be to grow in the coming years.
Thank you Doris Nagel, of Blue Sky Consulting, for selecting the highlights of Gene Detroyer's presentation at the International Trade Association of Greater Chicago.
Gene Detroyer is a Professor and the Executive Director of Global Commerce Education, Inc. www.g2experience.org
When Rolls-Royce set out to expand its global footprint, the goal was simple: to better position the company to meet the increasing needs of its business and growing customer base. The British power systems company quickly zeroed in on the U.S., selecting Prince George County just outside Petersburg, Virginia, as the home for Crosspointe — a new state-of-the-art manufacturing, research and development campus. As James M.
Global expansion is not only about exports from the US but also attracting foreign investment. See here how it can add hundreds of local jobs and boost the local economy.
Joshua Meltzer, a fellow in Global Economy and Development at Brookings, released his new report, "Supporting the Internet as a Platform for International Trade," and led a discussion on the Internet and global trade with an expert panel. The discussion focused on the benefits that small and medium enterprises (SMEs) and developing country firms gained from the Internet's transformative powers, the challenges SMEs may encounter, and the government policies and future international trade rules on moving big data across borders.
Excellent article. I wish I'd attended the panel discussion that it recaps.
I particularly like this quote from Joshua Meltzer:
"Because the Internet is becoming globally accessible at increasingly lower costs, it's providing opportunities for small- and medium-sized enterprise, firms in developing countries—entities that have traditionally not been part of the global economy—to become international traders."
Days after the 20th anniversary of the North American Free Trade Agreement 's implementation, U.S. Secretary of Commerce Penny Pritzker unveiled a new initiative aimed at increasing business with trade partners in Latin America.
Selected quotes by Pritzker:
“We’re really trying to encourage exports and more global thinking by American businesses”
“We need a real cultural change in America”
“You’ve got a new product, new idea that you want to bring to the market, you need to think not only about how you present it to the U.S. market, but 95% of customers exist outside of the U.S.”
“Let me be clear: if you are an American business, the time is now to consider selling your product or service abroad”
“If you export to Mexico, why wouldn’t you consider Colombia, or Chile or Peru? If there’s demand for your product in one country, there’s probably interest in another country.”
I found this infographic most enlightening. What I find striking is that there is so much US material in Mexican goods that the US earns 37 cents for every dollar that Mexico earns from exports to other countries. Food for thought. A penny for yours...please share!
If you're thinking of exporting to Mexico or entering this and other markets, visit www.g2experience.org to see how we can help.