It's a Global, Internet Economy
On December 31, 1999 we talked about the dawn of a new millennium, the Information Revolution, and the importance of IT.
Things have changed since then and changed fast:
The incredible speed of information exchange
The vast amount of facts we must know
The huge scale of a globalized marketplace
The unpredictable impact of the Internet on business
The immediate and daily impact of these trends on local economies means your business has changed in the last 3 years, and will keep changing again every 3 years... whether you know it or not.
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Highlight News of the Month
Don’t Take Globalization for Granted
Why It Is Important: Technology will not be impeded by current events such as the global economic crisis. As nations turn towards isolationism, technology will keep growing at a continuous rate, forcing the world to interact in new and amazing ways. We will be connected whether people like it or not.
The future is unknowable; caution, skepticism, and, above all, humility are essential in seeking to peer into it. Globalization is not an all-or-nothing state of the world; it is a process that can progress—or regress—to varying degrees and in different ways country by country. There are many factors that can influence trade agreements from local factors to national factors or any particular country.
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Speak the Language of Your Customers
Why It Is Important: It is important to know the local culture of the markets of which you do business in. Overlooking a simple detail can ruin your sales opportunities in new and emerging markets.
This article is a case study about a Pittsburgh business that expanded overseas in the steel industry. Die Quip speaks the language of its customers. The owner of Die Quip takes the time to understand the culture of the market where the company is choosing to do business. The owner learned what customs were acceptable and not acceptable.
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10 Ways to Reduce the Cost and Risk of Global Trade Management
Why It Is Important: A company’s global supply chain is one area where it can keep costs under control. Follow these basic steps in the present to help and you will have a brighter future.
In today’s uncertain times, one thing remains certain: There will always be changing global trade rules and technologies. The following are 10 of the top ways we believe companies can ensure they are being as efficient, safe, and cost-conscious as possible in the short run, while building a sound infrastructure for future needs. With the goals to reduce cost and risk in the supply chain, automation and working closely with partners are the two most practical areas of opportunity.
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Beyond the Sloan Age
Why It Is Important:
The Internet has changed the way the world has done business. Don’t fall behind technology as the world grows.
Over the last decade, the stable environment in which companies have flourished has been changed by technological innovations, globalization, and continued specialization. Advances in Information and Communication Technologies (ICT), most visibly illustrated by the Internet, are at the center of these changes.
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10 ways the new economy will look different
Why It Is Important: With the global banking crisis, no one is sure how the world will look in the upcoming year. This article helps explain what are some ways the new economy will look like.
From the rise of the tightwad to the decline of the Sun Belt, American values and industries will be reinvented as the nation comes out of the worst recession since the 1930s. This article helps to explain what people can expect once the economy recovers.
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Globalization: slowed but not stopped
Why It Is Important: The world is still coming together at an unprecedented rate. Now is not the time to turn back the clock, now is the time to look towards the future.
Despite the financial crisis, the world remains closely tied together, whether culturally or economically. You can see this in the foods you eat, the people you see in the shopping mall, your equity portfolio, and the stamps in your passport. The Internet gives you immediate connections to virtually anywhere. From 1998 to 2007 the dollar value of international trade rose by 150 percent but now it is shrinking rapidly and perhaps the clock is turning back to the 1990s.
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Forcing companies to play nice
Why It Is Important: When companies enter new markets they must take the initiative to improve social living conditions for the local population. Companies no longer have a choice in this matter.
The question is almost as old as globalization itself: When corporations expand their operations around the world, do they have the same social obligations as they do at home, such as avoiding complicity in human-rights violations? But there have been limits to business leaders’ willingness to embrace corporate social responsibility. Their watchword has been voluntarism; regulation has been instinctively anathema. Slowly, however, that is beginning to change.
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In Spanish, It's Un Equipo
In English, It's a Team. Either Way, It's Tough to Build.
Why It Is Important: It is no longer about information, it is about collaboration!
This is an example of how a firm in the U.S. bought a company in spain and had trouble understanding conflict between the two firms. The U.S. company used technology to overcome any cultural differences.
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Videos of the Week
Going Global at Any Time
Why It Is Important: No matter how long the recession lasts, it is always a good time to export to new markets.
Why it is important:
The author speaks how small to medium size businesses can expand into new markets overseas. She says that small businesses are flexible and are not burdened by bureaucracies and can make decisions quick. She also says that it does not matter how well the economy is doing and you can always expand.
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Rwanda's Internet Revolution
Why It Is Important: The Internet is changing the world in positive ways. See how Rwanda is transforming with the help of the Internet in the video below.
Internet Evolution's Web Wide World takes us to Rwanda, a country torn apart by genocide, and now attempting a radical transformation from an agrarian society to a knowledge-based economy, via the Internet
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Ask Our Experts
At IntellaCore we are available to answer any question you may have about the global internet economy. We assist companies to compete and win in today's globalized, Internet economy.
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Is there something that is stumping you about an international aspect of your current marketplace?
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Is there an obstacle that is preventing you from expanding your business into new markets?
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Are you having trouble determining how to use the Internet practically for your business?
Ask us any question you may have that is affecting your business and our team of experts will get you an answer.
Frequently Stated Challenges:
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I can't find good, actionable market intelligence to know what is really going on in my marketplace, let alone new markets.
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I need to find a partner in a new market to help me export my product.
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I am trying to find new suppliers to diversify my supply chain or reduce costs.
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My website is not right and is just not executing my business plan for visibility and revenue growth.
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We are overwhelmed trying to manage all of our external distribution, sourcing, and partnering relationships. The relationships are not achieving the goals we set for them.
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We are not a truly collaborative organization where people are working together, sharing information, and propelling the company forward in the best manner possible.
Ask us your question, and we will get you an answer by clicking here.
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