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Scouting Emerging Business Trends

Posted by iBlog on May 13, 2008

There are few people as well placed and well qualified to see emerging business trends unfold as the world’s most influential executive recruiters.

Just consider the experience and perspective they gain from working with a variety of corporate clients to scope the competitive landscape, court exceptional management leaders, and shape succession plans that are both solid enough to ensure continuity but adaptable enough to compensate for challenges looming just over the horizon.

In the course of conducting research for my just-published book, Deciding Who Leads, I was reminded by a number of executive recruiters and corporate leaders that perceptions about the quality of management, future financial opportunity, and recent market momentum move the best management candidates to gravitate to the most compelling job opportunities.

Ready to Jump

Likewise, whenever a company begins to falter, the sharpest executives can read the tea leaves and usually begin to leverage their network to make their next career move before things start to get ugly. That often leads them to the executive recruiters and almost immediately to some pretty serious discussions about why they want to leave their current employer.

The cumulative effect of that one-on-one intelligence gathering about executive attitudes—either perceptions of a bright future or a looming organizational meltdown—gives executive recruiters unparalleled vision into emerging business trends and the best executive career opportunities.

Take that kind of information, multiply it by several hundred interviews with executive interviews in the course of a year, and you begin to realize that executive recruiters’ attitudes are actually a leading indicator about the health of organizations, and, for that matter, the broader economy.

The caliber and performance of senior corporate management is almost always suggestive of an organization’s current and future financial performance. So who better to judge the trajectory of an organization than these external leadership scouts? And who better to provide us with compelling statements about future business trends than those recruiters who help move top executives to where the best action is?

Sniffing the Breeze

The world’s most influential headhunters have a particularly acute sense for the business trends that may already be shifting the strategy and management demands for their myriad corporate clients. What follows are just some of the perspectives they’ve shared about the single global business trend that will most influence corporate performance in the future.

Tierney Remick, global managing director of the consumer/retail market for Korn/Ferry International (KFY), says she has already witnessing a global shift in consumer influence that will reshape the economic landscape. She points to “the globalization of consumerism, specifically the growing impact of consumer and economic independence in larger developing countries that have historically followed trends as opposed to setting them. They will create new centers of influence that will need to be understood by business leaders to compete effectively on a global scale.”

Marylin L. Prince, co-founder of New York asset-management specialist search firm PrinceGoldsmith, says sustainable business practices will have a tremendous impact on future corporate earnings and on the search for leadership talent for some time to come. “Industry leaders will need to embrace the moral and economic principles of sustainable business to remain competitive and build successful companies,” Prince contends.

The free flow of human and intellectual capital made possible by Internet technology is the moving force that will alter the course of many businesses, says Anne Lim O’Brien, a managing director at Russell Reynolds Associates. The fluidity of those forces, she offers, “provides speed and access to talent where you want it, when you want it. New media/social networking trends feed this flow.”

A Share of the Blame

Recognizing how lackluster or incompetent corporate management has hurt shareholders and led to scandal in recent years, Robert J. Brudno, managing director of Savoy Partners in Washington, offers his view of something that should influence future organizational performance.

That, he offers, is “greater professional and moral accountability from those who recruit, install, and maintain weak corporate leaders. In the case of most well-publicized meltdowns of companies, it is rare that insiders did not know that bad things were likely to occur.” Certainly he’s counting some misguided executive recruiters among them.

Furthermore, Brudno opines, “too many people pay no price for the damage they cause, and their enablers are rarely held to account. Fix that and watch performance soar.”

One consensus view offered by many of the most influential executive recruiters revolves around the growing influence of China and India. “The ability to expand in new markets and the capacity to reposition your business in new lines of activity while your core business or expertise is either disappearing or becoming a commodity,” says Marc Lamy, a Paris-based partner and managing director with Boyden, is going to shape future business performance in ways that are just beginning to be revealed.

That suggests that more business leaders, and, for that matter, more of the world’s executive recruiters, are going to have to balance intense focus on the challenges directly in front of them with a broader, global view of business trends before their full impact is widely felt.

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Posted in Creativity & Culture, Current News, Entrepreneurship, Going Global, Management | Leave a Comment »

China Is India’s Only Possible Threat

Posted by iBlog on May 13, 2008

India’s trade body and chamber of commerce of the IT-BPO (business processing outsourcing) industry, Nasscom was established in 1988 to facilitate business and trade across the country’s software and services industries. The association has over 1,200 members, which include 250 global companies.

In an e-mail interview with ZDNet Asia, Natarajan discussed the challenges facing the Indian IT-ITES (IT and IT-enabled services) industry, and underscored the need for local companies to innovate and reinvent themselves for India to remain the preferred outsourcing destination.

Q: Congratulations on becoming the chairman of Nasscom. What are your top priorities as the new chief?

Natarajan: We have identified six key themes. Our agenda for this financial year includes issues like tapping opportunities through innovation, building communities of best practices, adopting green IT, societal development, and education and skills building.

Today, the IT industry is well on its way to make the transition to process quality and innovation. We believe these themes will help chart the way forward and maintain a steady growth for the industry.

With the U.S. economy slowing down and the rupee continuing to strengthen, do you think it’s a good time to head Nasscom?

These are all challenges of growth, and therefore, a good problem to have at hand. The U.S. slowdown and Rupee appreciation are short-term challenges.

In the long term, the Indian IT-ITES industry will continue to maintain a healthy growth rate, and is well on its way to achieve the US$60 billion mark.

Do you think the U.S. slowdown is hitting Indian IT-ITES companies hard? What can the industry do to counter the impact of the slowing U.S. economy?

The U.S. slowdown is impacting the industry in the short term. But in the long run, the Indian IT-ITES sectors will continue to maintain a healthy growth rate.

While the companies are making firm level efforts to counter the challenge, the key is innovation. As the traditionally successful sourcing model comes under strain, companies need to reinvent themselves and innovate for India to remain the preferred sourcing destination.

Commoditization of IT services, advent of new disruptive technologies and the blurring of the distinction between hardware, software and services, indicate the need for the Indian IT industry to move toward a more consumer-centric business model. And the only way to do that is through innovation. While it often means a new technology or product, it is equally applicable to processes or services.

With rapid economic growth, skill scarcities have been on the rise. Is this an area of serious concern?

The large and growing talent pool remains a key differentiator for India as a global sourcing destination and the fundamental driver of its IT-BPO growth. However, as the IT sector continues to grow and develop new competencies, talent suitability is becoming a concern.

So far, companies have adequately addressed these challenges through their own efforts around recruitment and training. But, as demand continues to grow exponentially, it is becoming difficult for the industry to address this challenge.

Posted in Asia Business, China Global, Going Global | 2 Comments »

Can China Take on Boeing and Airbus?

Posted by iBlog on May 13, 2008

China hasn’t had a good track record building big airplanes. The first Made-in-China big jet was the Shanghai Y-10, which had its maiden flight on Sept. 26, 1980. The 150-seat jet was as big as a Boeing 707 and bore a striking similarity to the American plane. The Y-10 flew 130 times, but the Chinese retired it in 1985 because local airlines refused to purchase it, preferring to buy the more fuel-efficient planes from Boeing (BA) and McDonnell Douglas instead.

Two decades later, the Chinese government is hoping for better luck. At a ceremony in Shanghai on May 11, China unveiled its latest attempt to build a larger jet—or literally “big airplane” in Mandarin—with the launch of the Commercial Aircraft Corp. of China (CACC). The company’s mandate: assemble jets at home to reduce the nation’s reliance on Western-made planes. There’s no shortage of demand. The aviation industry conservatively predicts the country will buy 2,800 new airplanes worth $329 billion over the next 20 years to keep up with China’s scorching air travel growth (BusinessWeek.com, 12/6/05). “Obviously, China wants to be part of this perceived profitable airplane making business,” says Martin Lin, head of the American Chamber of Commerce in China’s aerospace group. “But profits will come only when China will be able successfully to capture international markets.”

As the country’s failure with the Y-10 shows, that is a big “if.” Alarmists say that China entering the ring to manufacture big jets could pose a threat to the Boeing and Airbus duopoly down the road (BusinessWeek.com, 3/22/07). Publicly, Boeing and Airbus have sought to downplay any friction, saying they are willing to work together with China to help build its jets. “Boeing recognizes and respects the ambitions of other countries and companies to enter commercial aerospace as large airplane manufacturers,” a Boeing spokeswoman wrote in an e-mail. “Boeing will continue its legacy of cooperation with customers and suppliers worldwide.”

Fuel and Maintenance Are Key

Industry experts say that fears about China quickly eating Boeing and Airbus’ lunch are overblown. For starters, no one knows when the country’s jet will be ready. The government has set a goal of having a plane that can seat more than 150 passengers, which is smaller than the jumbo jets made by Boeing and Airbus that seat more than 400 passengers, ready by 2020. But in interviews with the Chinese media, CACC President Jin Zhuanglong declined to be tied to a timetable. China’s attempt to build a regional commercial aircraft, the ARJ21, has been delayed because suppliers have not had key systems ready in time. The 70- to 90-seat ARJ21 jet is expected to be delivered next year. To be fair, even Airbus and Boeing’s new airplanes have been wracked by delays (BusinessWeek, 4/17/08).

Another big problem: When it comes to building jets, China’s low-cost workforce is not all that significant an advantage. True, the country has lower labor costs than, say, Toulouse, France, which is why Airbus is setting up its A320 assembly line in the northeastern Chinese city of Tianjin. But airlines do not buy airplanes based on cost alone. The price tag of an aircraft accounts for only 3% to 5% of the plane’s total operating cost over its 20-year lifetime. More important considerations for airlines are fuel and maintenance costs. “Building an aircraft is not even half the battle. Delivering it and supporting it over a lifetime is what really matters,” says Martin Craigs, president of Aerospace Forum Asia, a Hong Kong-based nonprofit aerospace supply chain industry association.

And while CACC is going to design primarily for domestic airlines, there is no guarantee that Chinese carriers will purchase the planes if they are not genuinely globally competitive. In the 1990s, McDonnell Douglas had a difficult time selling the MD-80 and MD-90 series aircraft it assembled in Shanghai to Chinese airlines because the planes cost more than what airlines could buy directly from the U.S. Today, most of China’s biggest airlines are listed in Shanghai, Hong Kong, and New York, meaning they will be even more likely to base their airplane purchase decisions on earning the best possible returns for their shareholders.

Learning from Failure

To be sure, China’s aircraft manufacturers have learned from their past failures. CACC’s design teams have already reached out to Chinese airlines to solicit their opinions on the future jets’ requirements and performance. But they have not included foreign airlines in the initial round of discussions. “Based on our own experience, we have learned that developing a good plane is not necessarily the most difficult,” an Airbus spokesman wrote in an e-mail. “What is most difficult is to get the recognition on the world market not only to develop such a plane but also to deliver and maintain it. This is where collaboration can be helpful.”

Tschang is a correspondent in BusinessWeek‘s Beijing bureau.

Posted in Asia Business, China Global, Going Global | Leave a Comment »

How a Muslim Billionaire Thrives In Hindu India

Posted by iBlog on September 12, 2007

BANGALORE, India — The world’s richest Muslim entrepreneur defies conventional wisdom about Islamic tycoons: He doesn’t hail from the Persian Gulf, he didn’t make his money in petroleum, and he definitely doesn’t wear his faith on his sleeve.

A native of Mumbai, Azim Premji has tapped India’s abundant engineering talent to transform a family vegetable-oil firm, Wipro Ltd., into a technology and outsourcing giant. By serving Western manufacturers, airlines and utilities, the company has brought Mr. Premji a fortune of some $17 billion — believed to be greater than that of any other Muslim outside of Persian Gulf royalty.

http://online.wsj.com/article/SB118947228823323260.html?mod=googlenews_wsj

Posted in Asia Business, Current News, Going Global, India Global | Leave a Comment »

No Stopping Chinese Stocks

Posted by iBlog on August 23, 2007

Seems like nothing can cool Chinese investors’ ardor for local stocks. Despite market meltdowns in the rest of the world and moves by Beijing to dampen demand for equities, China’s stock markets are at a record high. On Aug. 22, China’s benchmark CSI 300 stock index blasted through the all-important 5000 level, shrugging off an interest-rate hike by the central government announced the previous day, to close up 78.98 points, to 5051.69. The index, which tracks the 300 most important companies listed in Shanghai and Shenzhen, has jumped 147% this year.

Read the full article in BusinessWeek.com

Posted in Asia Business, China Global, Current News, Finance, Going Global, Investing, World News | Leave a Comment »

The Globalization of Giving

Posted by iBlog on August 22, 2007

It’s a big world, and as Chicago’s largest businesses go global, their charitable giving is following them. Tapping new markets like China, India and Eastern Europe, many firms are expanding their community involvement to include all the places where they do business. Simply put, giving makes for good business.

Read the full article in Crains

Posted in Going Global, World News | Leave a Comment »

The Teachings of India

Posted by iBlog on August 22, 2007

Read this full section on Crains about doing business in India.

Posted in Asia Business, Going Global, India Global | Leave a Comment »

Business Organization In Thailand

Posted by iBlog on August 21, 2007

Basic Business Organization

By Ekkapon Yuangnark

There are many kinds of business organization for person who would like to do business in Thailand. However, the basic and most favorable are as followings:

1. Sole Proprietorship :

The Sole Proprietorship is an unincorporated business owned by one person. All the proprietor’s assets, both business and personal, are subject to attachment or other legal action which may be brought with respect to the business.

2. Partnership :

According to Thai law, there are three different types of partnership. They are (1) unregistered ordinary partnership, (2) registered ordinary partnership, and (3) limited partnership. A joint venture or consortium is deemed as kind of unregistered ordinary partnership but may be treated differently under the Revenue Code.

(A) Unregistered Ordinary Partnership

An unregistered ordinary partnership is one in which all partners are, without limit, jointly liable for all the obligations and debts of the partnership. The partnership cannot be regarded as a juristic entity separate from each partner, who must make a contribution in the form of money, properties or services.

(B) Registered Ordinary Partnership

If an ordinary partnership is registered, it becomes a separate juristic entity from each partner, who thereby gains the following advantages:

(1) The assets of the partnership have to be examined before creditors can claim debt payment from the partners. This is unlike an unregistered ordinary partnership, in which each partner is directly liable for debts incurred by the partnership.
(2) The liability of a partner for debts incurred is limited to two years from the date he ceased to be a member.

(A) Limited Partnership

(1) A limited partnership consists of two types of partner:
(a) one whose liability is limited to the specific amount which he has contributed to the partnership, and
(b) one whose has unlimited liability for all debts incurred by the partnership.
(2) A limited partnership must be registered and is regarded as a separate entity.
(3) It should only be managed by a partner who has unlimited liability.
(4) If the business of the partnership is managed by a partner whose liability is limited, that partner will become unlimitedly liable for all debts incurred by the partnership.
(5) Partners with limited liability are entitled to carry on business of the same nature as that of the partnership and are free to transfer their shares without prior consent of the other partners.
(6) Creditors of the partnership are not entitled to sue partners with limited liability unless the partnership is dissolved. Even then, creditor can claim only the following amounts:
(i) part of the undelivered contribution,
(ii) part of the contribution which has been withdrawn,
(iii) divined or interest received in bad faith or contrary to the law.
(7) New partners cannot be introduced into the partnership without the consent of all other partners. A new partner is liable for any of the partnership’s debts from time of his becoming a partner. Similarly, an ex-partner is liable for debts incurred by the partnership up to the termination of his right as a partner.

An ordinary partnership is dissolved if :

(i) Terms of contract of partnership provide for it.
(ii) A definite period of time descried in the terms of partnership has expired.
(iii) The partnership was formed for a single undertaking, which has been completed.
(iv) Any of the partners gives due notice to the others
(v) Upon death, bankruptcy or incapacity of a partner.
In (iv) and (v) above, the partnership can continue to exist if the remaining partners buy the shares of the withdrawing partner.

An agreement on how the profits and losses of the partnership are to be divided should be made between the partners of the partnership. In the event that no such agreement has been made, each partner’s share in the profits and losses will be calculated in accordance with the proportion of his contribution.

The partner should also make an agreement concerning the manner in which the business of the partnership should be managed. In the absence of such an agreement, the business of the partnership may be managed by each of the partners, who are jointly responsible for the acts of any other partner in the ordinary course of business. Relations between the managing partners and the other partners are governed by the laws of agency.

Unless consent is given by other partners, each partner is prohibited from carrying on any competitive business of the same nature as that of the partnership. If this does occur, the other partners are entitled to claim back any profits made, and/or compensation for any injury suffered by the partnership in consequence.

If the partnership is dissolved, liquidation shall take place unless ;

(a) some other method of property adjustment has been agreed upon by the partners,
(b) The partnership is adjudicated bankrupt.

Liquidation of a partnership must be done in accordance with the following procedure:

(i) Repayment of debts to third party.
(ii) Reimbursement of advances made and expenses incurred to the partners in managing the business of the partnership.
(iii) Return of each partner contribution.
(iv) Division of any remaining balance between the partners, as profit.

3. Limited Company :

Under Thai law, there are two types of limited companies, private company and public company. In this brief shall mention to private company only.

Limited company is a company which is formed with a capital divided into equal shares. The advantage of conducting business in the form of a limited company is that people can participate in large-scale business activities with their liability being limited to the amount unpaid on the shares held by them.

The procedure for forming a limited private company is as follows:

(1) The promoters of the company must file a memorandum of association. The memorandum of association shall contain the following information:
– the full name and intended location of the company,
– the objectives of the company,
– the intended location of the head office of the company,
– a declaration of the shareholder’s limited liability,
– the amount of share capital, and the value of each share,
– the name, address, occupation, and signature of each of the promoters together with the number of shares subscribed to by each.
(2) The official in charge of company registration will review the memorandum of association, especially the company objectives, to determine whether it is (a) against the law, or (b) detrimental to public morals. Once satisfied, registration will be granted.
(3) After registration, the company promoters will try to have all shares subscribed to. A private company is not permit to invite the public to subscribe to the shares.
(4) After all shares have been subscribed to, the promoters of the company must immediately call a general meeting of subscribers. This meeting is the statutory meeting, which should call :
(a) adoption of the company regulations,
(b) rectification of any transactions or expenses made by the company promoters during the formation of the company,
(c) determining and fixing the amount to be paid to promoters,
(d) fixing the number of preference shares, if any,
(e) fixing the number of ordinary and preference shares to be allocated as fully or partly paid up in place of money, and determining the amount at which they shall be considered as paid up, and
(f) appointment of directors and auditors and establishment of their respective power.
(5) After the statutory meeting, the promoters shall hand the business over to the directors.
(6) The directors shall cause the promoters and subscribers to pay up each share in money at an amount of not less than twenty-five prevent of the par value.
(7) When the above mentioned amount has been paid, and within three months of the statutory meeting, the directors must apply for registration of the company.

Regulation of the Company :
Shareholders will normally adopt company registrations. These regulations will be registered. They are deemed as the law governing the company’s business and binding the director, shareholders and outsiders in accordance with the company’s resolutions which require approval of the shareholders.

Management of the Company’s Business :
The company’s business is to be managed by the directors of the company as appointed at the meeting of the shareholders. The first group of directors are appointed at the statutory meeting and thereafter at the ordinary meetings. The directors have to manage the company’s business in accordance with the regulations passed at the first general meeting of shareholders. The regulations will usually specify which director(s) are to conduct transactions with outsiders. However, if other directors have an agency relationship with the company, they may conduct transactions which bind the company to outsiders. In this case, these directors will also be responsible to the company and the shareholders.

Although the directors have the authority to conduct all types of legitimate business on behalf of the company, there are some things for which they must obtain the approval of the shareholders at the shareholder’s meeting. These are :
(1) appointment and removal of directors(s),
(2) appointment of auditor(s),
(3) declaration regarding distribution of dividends,
(4) conducting business involving capital, fully or partly paid up in any form other than money,
(5) dissolution of the company,
(6) amalgamation with other company(ies),
(7) other matters recorded in the regulations of the Company.

4. Joint Venture :

A contractual unincorporated joint venture or consortium is not recognized as a unique legal entity under the Civil and Commercial Code, except, perhaps as a form of partnership, but these forms of organization are recognized under the Revenue Code.

5. Branches of Foreign Company :

There is no special requirement for foreign company to register its branch in order to do business in Thailand. However, most businesses fall within the scope of one or more laws or regulations which require a registration, either before or after commencement of activities and foreign business must follow the generally applicable procedures.

6. Representative Office :

By a regulation of the Prime Minister’s Office, special procedures were establishes for those companies that wish to establish branches in Thailand to engage in limited “non-trading” activities. These procedures are optional but may be beneficial in certain circumstances. If the business activities of a foreign company are limited to the search for Thai products to be exported to other organs of the company or to do quality control work associated with such purchase or to engage in market survey activities, it is recommended to register as representative office. If a company is accepted for this representative office, expedited visas and wok permits for up to two foreigners to work in the branch are available.

Posted in Articles By Author, Asia Business, Business Tactics, China Global, Consulting, Corporate Strategy, Entrepreneurship, Going Global, Hiring & Training, Innovation, International Business, Management, Researching, Small Business | Leave a Comment »

Whatever Happened To Globalization?

Posted by iBlog on August 20, 2007

The gurus of globalization keep insisting that the world is getting smaller. So why does it keep getting harder to make sense of what’s happening in the new world of business? As recently as 10 years ago, most business leaders thought that they had figured out the logic of global competition. The 21st century would belong to Asia, whose fast-growing economies would eclipse the slower-growth markets of Europe and North America. The 21st century would belong to Japanese companies, which had perfected a model of management that their U.S. rivals were scrambling to copy. The 21st century would belong to a small collection of dominant global brands, as ever-higher barriers to entry would put even the most savvy entrepreneurs at a crucial disadvantage.

Read the full article in FastCompany.com

Posted in Advertising, Going Global | Leave a Comment »

Wallstreet Hopes For A Smoother Ride

Posted by iBlog on August 20, 2007

The start of a new week on Wall Street has investors wondering if the stock market is indeed recovering after rallying in response to the Federal Reserve’s intervention on Friday, or whether that advance was a one-day reprieve from weeks of losses

Read the full article in Yahoo.com

Posted in Going Global, World News | Leave a Comment »

Mexico Tries To Reform Street Economics

Posted by iBlog on August 20, 2007

Tens of thousands of vendors sell everything from school supplies to pirated pornography videos on the teeming streets radiating from Mexico City’s main plaza, the Zocalo.

Mexico City’s leftist mayor, working from a building all but engulfed by the makeshift market, is now seeking to move the vendors from the capital’s historic downtown by Oct. 12 and free up streets lined with colonial treasures ranging from cathedrals to museums.

Read the full article in BusinessWeek.com

Posted in Going Global, World News | Leave a Comment »

Druckers Lessons For China

Posted by iBlog on August 20, 2007

The most dangerous thing being produced in China is neither lead paint-laden toy cars nor magnet-spewing Polly Pocket dolls and Batman action figures. Rather, it is a booming capitalist culture that, far too often, places value over values.

Read the full article in BusinessWeek.com

Posted in Asia Business, China Global, Economy Today, Going Global | Leave a Comment »

The China Code

Posted by iBlog on August 20, 2007

In 2006, a 4-year-old child died after eating a piece of costume jewelry routinely given away with purchases by sneaker manufacturer Reebok. The cause of death: lead poisoning. “I was shocked a child had died,” says the owner of a nine-person jewelry manufacturing company in New York. Although her company’s products were not involved, the entrepreneur wanted to be sure the necklaces and bracelets she was making in China were safe. She had them tested and discovered the lead content was off the charts. Stunned, she phoned her Chinese manufacturer and demanded the lead be removed.

Read the full article in BusinessWeek.com

Posted in China Global, Going Global | Leave a Comment »

China Eyes Investing On Private Equity, Hedge Funds

Posted by iBlog on August 19, 2007

The steep paper losses that China has suffered on its $3 billion investment in Blackstone Group will not deter its embryonic sovereign wealth fund from making further investments in private equity and hedge funds, according to a senior official.

Read the full article on yahoo news

Posted in Asia Business, China Global, Finance, Going Global, International Business, Investing | Leave a Comment »

The Future of Europe

Posted by iBlog on August 9, 2007

These are bad times for European politics. In the last year or so, Europe’s political prospects have been dramatically shaken. By voting no to the draft European constitution, citizens of France and the Netherlands dealt a serious blow to the European construction. In foreign policy, dealing with recent geopolitical crises, Europe, as usual, has had problems in acting as a political entity.

The political crisis has apparently spread to economic construction: the largest European member countries systematically test the national budget discipline, set forth in the Stability and Growth pact; the EU budget for 2007-2013 has been broadly unsatisfactory due to national selfishness; the Bolkenstein directive (a fundamental step to liberalize free trade in services) has been dramatically watered down, as has the takeover bids directive. Finally, a new and widespread form of protectionism is emerging in banking, energy, and steel, hampering the very foundation of Europe, which is the single market.

Read the full article in Harvard International Review

Posted in Economy Today, Europe, Going Global | Leave a Comment »

Rethinking Latin America

Posted by iBlog on August 9, 2007

Even though the Cold War ended two decades ago, its outdated strategies continue to shape US foreign policy. Nowhere is this more evident than in the foreign relations of the United States with Latin American countries. Because US interests in the region have changed, the United States must apply new strategies to achieve its new goals. Instead of militaristic intervention and paternalism, the United States should adopt an increasingly hands-off approach as Latin American countries assert themselves more strongly in the world arena. The exception to this strategy is trade, since increasing trade in the Americas is the best way to alleviate poverty and many other problems that plague the region. Not only are paternalistic policies expensive and ineffective, but they also strengthen anti-US sentiments within the region, creating more problems than solutions. The United States should not worry that its influence is declining but instead adjust to the reality that Latin American countries deserve respect in managing their internal affairs as the United States helps them further integrate into the world community and the global economy.

Read the full article in Harvard International Review

Posted in Going Global, Latin America, World News | Leave a Comment »

The Practice of Economic Management

Posted by iBlog on August 9, 2007

In this compelling selection of 22 essays, Dr. Courtney Blackman, the founding governor of the Central Bank of Barbados, lays out a clear and concise description of economic issues affecting the Caribbean within a broader political context. The essays are sharply critical and insightful as they analyze economic policies set within the context of small developing Caribbean economies and their unique colonial histories and cultures. The lessons drawn, however, are not limited to the Caribbean region; all have larger global significance of their own.

Interestingly, although he is a trained economist, Blackman approaches his essays from a more holistic and managerial point of view. The book encompasses other disciplines such as sociology and history, rather than focusing on world prices, exchange rate regimes, and more traditional economic fare. Blackman stresses the importance of mitigating the impact of economic policies on people, and in doing so, sometimes appears to be at odds with the more traditional prescriptive approaches to economic policymaking. In taking on economic issues within the Caribbean region, Blackman argues rather forcefully that the underperformance of these economies largely reflects weak economic management. To address these issues, he advances a selection of essays that are heavily prescriptive and laden with a host of suggestive policies and strategies.

Read the full article in Harvard International Review

Posted in Going Global, Latin America, World News | Leave a Comment »

Thailand’s Economic Prospects

Posted by iBlog on August 9, 2007

O bservers around the world looked on with alarm on September 19, 2006, when Thailand’s Prime Minister Thaksin Shinawatra was deposed by the military in a bloodless coup led by General Sonthi Boonyaratglin, the commander-in-chief of the armed forces. Since taking office in 2001, Thaksin had guided Thailand through five years of impressive economic growth. But despite initial fears concerning Thailand’s post-coup economic prospects, the military government has the potential to improve the Thai economy by continuing Thaksin’s successful policies while resolving problems that Thaksin had failed to address.

Read the full article in Harvard International Review

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Multi-Culturalism In Asia

Posted by iBlog on August 9, 2007

What makes multiculturalism in contemporary Asia so different from its Western counterpart? And by the same token, how might Asian engagements with multiculturalism help inform and expand concepts of multiculturalism itself? Multiculturalism in Asia, edited by Will Kymlicka and Baogang He, offers an articulate, thought-provoking look at one of the most ethnoculturally diverse regions in the world as it struggles to come to terms with ideas of socio-cultural identity, pre- and post-colonial legacies, and the necessities of economic and political survival in increasingly global contexts. Management of ethnocultural diversity is essential to the stability of the region and is also thought to be key to the process of democratization. It involves not only identity politics and the equitable sharing of power, but also broader questions of entitlement, justice, and the framing of issues in ways that are both universally and locally appropriate. Kymlicka and the other contributors necessarily engage these issues from perspectives of minority rights only, but ultimately these are profoundly human issues that involve what it means to be human and part of civilized society. In that sense, Multiculturalism in Asia helps underscore the urgent need in the region to develop leadership and an educated public conversant in both indigenous and foreign humanistic traditions

Read the full article in Harvard International Review

Posted in Asia Business, China Global, Going Global | Leave a Comment »

India’s Way: Crafting Special Economic Zones

Posted by iBlog on August 9, 2007

In June 2005, the Indian government passed an act intended to significantly increase exports by legalizing the creation of numerous Special Economic Zones (SEZs). These zones are designed to increase economic growth and lure foreign investment with incentives such as tax exemptions and industrial business parks. SEZs have existed in Asia for many years now, and their success in China prompted India to introduce the same policy in 2000. As India embarks on its own SEZ program, it should study China’s policies and success, but it must be wary of a wholesale importation of China’s methods. India must acknowledge and take into account the vast differences between the two countries when crafting its own policies.

Read the full article in Harvard International Review

Posted in Asia Business, Going Global, India Global | Leave a Comment »

Indian Management Giants

Posted by iBlog on August 9, 2007

India and other developing countries face a deficit of available human intellectual capital necessary to manage and sustain their rapidly transforming economic enterprises and capital markets, huge inflow of foreign direct investment (FDI), and the shift caused by outsourcing businesses in today’s globalizing world. India’s diverse culture, English-speaking talent, and emerging economic power have stimulated its business schools (B-schools) to diversify their programs to make students cognizant of the latest technologies and to create cross-cultural adaptability through off-campus activities. Their rapid development is essential to bridge the intellectual gap between developed and developing countries. B-schools have the potential, through innovative educational programs, to train global managers and leaders to collaborate and to view the world through a global lens. Through these programs, Indian B-schools can create more awareness about India itself as well as develop economic strategies aimed at achieving a high economic growth rate.

Read the full article in Harvard International Review

Posted in Going Global, India Global | Leave a Comment »

Rethinking Asia’s Cold War Alliances

Posted by iBlog on August 9, 2007

At the conclusion of the Second World War, the United States established bilateral military alliances in the Asia-Pacific intended to contain Soviet and Chinese communist expansion in the region. US security strategy now focuses largely on combating terrorism and denying weapons of mass destruction to so-called rogue states. It is a strategy that cannot be implemented with geographic mutual defense treaties formed to address conventional military threats. Furthermore, the United States has demonstrated in Afghanistan and Iraq that it is prepared to pursue its global security interests unilaterally, even at the risk of its political relations with traditional alliance partners. What happened over Iraq between the United States and its European allies could equally happen between the United States and its Asian allies over Taiwan or North Korea with serious consequences for the interests of countries in that region. East Asian powers need to develop a collective security strategy for the region that does not rely on the United States’ participation. Prudence suggests that East Asian countries need to take the opportunity offered by the recently inaugurated East Asian Summit (EAS) to begin the process of developing an East Asian community as the first step toward the realization of an East Asian Union. This will occur only if led by a strong, proactive Association of Southeast Asian Nations (ASEAN).

Read the full article in Harvard International Review

Posted in Asia Business, China Global, Going Global | Leave a Comment »

Practical Lessons

Posted by iBlog on August 9, 2007

In this compelling selection of 22 essays, Dr. Courtney Blackman, the founding governor of the Central Bank of Barbados, lays out a clear and concise description of economic issues affecting the Caribbean within a broader political context. The essays are sharply critical and insightful as they analyze economic policies set within the context of small developing Caribbean economies and their unique colonial histories and cultures. The lessons drawn, however, are not limited to the Caribbean region; all have larger global significance of their own.

Interestingly, although he is a trained economist, Blackman approaches his essays from a more holistic and managerial point of view. The book encompasses other disciplines such as sociology and history, rather than focusing on world prices, exchange rate regimes, and more traditional economic fare. Blackman stresses the importance of mitigating the impact of economic policies on people, and in doing so, sometimes appears to be at odds with the more traditional prescriptive approaches to economic policymaking. In taking on economic issues within the Caribbean region, Blackman argues rather forcefully that the underperformance of these economies largely reflects weak economic management. To address these issues, he advances a selection of essays that are heavily prescriptive and laden with a host of suggestive policies and strategies.

Read the full article in Harvard International Review

Posted in Economy Today, Going Global | Leave a Comment »

Improving Saudi US Relations

Posted by iBlog on August 9, 2007

HIS ROYAL HIGHNESS PRINCE TURKI AL-FAISAL is the Ambassador of the Kingdom of Saudi Arabia to the United States. He was formerly the Saudi Arabian Ambassador to the United Kingdom and the Republic of Ireland from 2002 to 2005.

Read the full article in HarvardInternationalReview

Posted in Current News, Going Global | Leave a Comment »

Shanghai – Another Hongkong?

Posted by iBlog on August 9, 2007

Shanghai and Hong Kong are both known internationally as Asia’s leading business and economic centers in Asia. Shanghai’s reputation was established primarily before the Second World War when it was one of the safest and most open cities in a land of unending turmoil. Hong Kong emerged onto the international scene after the Second World War as one of Asia’ greatest economic miracles and the world’s freest economy. In some ways, Hong Kong’s rise was partly a consequence of Shanghai’s decline after China embarked on a course of socialist experimentation

Read the full article in Harvard Internation Review

Posted in Asia Business, China Global, Going Global | Leave a Comment »

eBay Heads East

Posted by iBlog on August 9, 2007

Two years ago, the 24-year-old Cai was a brand-new college graduate just hoping to eke out a living. Now he runs a tiny international business, buying toys from local factories at ultracheap prices and hawking them on an eBay store (51Toy.com). Last winter, he was pulling down $6,000 in monthly sales, with a profit margin as high as 40%, which puts him in the top fifth of earners in China–better than most white- collar workers. Almost 90% of his customers send their payments to him online. “The Internet,” he says through a translator, “is how I reach the world.”

Read the full article on Fastcompany.com

Posted in Asia Business, China Global, Going Global | Leave a Comment »

Is China The Next Economic Superpower?

Posted by iBlog on August 9, 2007

Is China the next economic superpower? Ming Zeng of Cheung Kong business school and Elizabeth Economy from the Council on Foreign Relations hash it out.

Read the full article in FastCompany.com

Posted in Asia Business, China Global, Going Global | Leave a Comment »

Going Global With Your Small Business

Posted by iBlog on August 9, 2007

Has your small business gone global yet? In an increasingly wired world, adding an international dimension – whether through importing, exporting, outsourcing, manufacturing overseas, or forming a strategic partnership – is now the province of both mom and pop ventures and large conglomerates. It is becoming almost as easy to do business in Peru as it is in Peoria. Result: The number of startups venturing overseas is skyrocketing. One recent study found that the number of multinational companies has swelled from 7,000 in 1975 to approximately 40,000 today. In addition, the net income of U.S. companies from operations outside the States now accounts for about half of income earned at home, compared to just 10 percent in 1950.

Read the full article on Fortune.com

Posted in Business Tactics, Going Global, Small Business | Leave a Comment »

Powerful Faces Everyday Going Places

Posted by iBlog on May 20, 2007

 

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Photo Credits: Yahoo.com

Posted in Going Global, Leadership | Leave a Comment »

Global Business Highlights

Posted by iBlog on April 21, 2007

 

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Posted in Going Global | Leave a Comment »