Quote of the Week

"Globalization will tend to make strong business designs stronger (through global sourcing, selling, and science). It will make weak business designs weaker (through more competition, reduced differentiation, and a greater disconnect from customers). And it will create more no-profit zones for companies and even entire industries."  Adrian Slywotzky, Peter Baumgartner, Larry Alberts, and Hanna Moukanas

Are You Enjoying Globalization Yet?  The surprising implications for your business.

http://www.mbadepot.com/external_link.php?ID=12888&url=http%3A%2F%2Fwww.mercermc.com%2FPerspectives%2FJournal%2FMMJ_pdfs%2FMMJ20%2FMMJ20_globalization.pdf

Global Business - The Mindset

Okay so as you can guess following on from my trip abroad I have a certain POV to do with global business.  The powerpoint slideshow I have embedded below goes a long way towards explaining the importance of having a mindset that is bigger than just your local economy.

The Importance Of A Global Mindset

View more presentations from locky1.

I have often wondered in the past where people who excel at their work get their drive and ambition from.  I now think a large part of that is attributable to -

• their interaction with the world at large,
• being exposed to ides bigger than themselves,
• seeing the potential and infinite possibilities that working collaboratively across borders can bring.

Before I took the trip overseas I was quite comfortable and found my job to be very pleasent.  Now I feel invigorated and excited about the possibilities.  I now have a new goal to add to my life book and I shall set out to start achieving that goal tomorrow.

Going Global

I found this today and this will sum up my blog posts for the next week -

How to Assess If You're Ready for a Global Role

Being a high-potential employee in your home office doesn't necessarily mean you can make it on a global scale. If you're looking for a job with a more international view or you're considering taking an overseas assignment, be sure you have these three components of a global mind-set:

Intellectual capital. This is your capacity to understand how business works on a global level and includes a strong grasp on how the industry operates worldwide, as well as the ability to piece together multiple scenarios.

Psychological capital. To be a global leader you need to have a passion for diversity, a thirst for adventure, and the self-confidence to succeed in a culture completely different than your own.

Social capital. You need to be able to build productive relationships with people from other parts of the world. To do this, you'll need intercultural empathy and strong diplomacy skills.

 

(Source: http://hbr.org/2010/04/managing-yourself-making-it-overseas/ar/1?cm_mmc=npv-_-MANAGEMENT_TIP-_-JUN_2010-_-MTOD0603&referral=00203)

(Image: http://www.flickr.com/photos/global2000/4378116185/)

Who are you talking to?

Check out these research results from Mckinsey -

• People in the 60 largest cities in China spend around 70 percent of their leisure time on the Internet;
• In smaller towns, the corresponding number is 50 percent;
• The PC is fast replacing the TV set as an entertainment hub;
• One in five consumers between the ages of 18 and 44 won’t purchase a product or service without first researching it on the Internet;
• The volume of e-commerce in China more than doubled last year.

So if you are selling something, have a service to offer, or are looking for blog readers - try publishing your pages in Chinese! (That's not a joke).

We have completed this exercise at work with Spanish and guess what - our website hits went through the roof for South America!

My boss is now off to China next week for a visit as well. The possibilities are endless...

(Source: https://www.mckinseyquarterly.com/Marketing/Digital_Marketing/Chinas_Internet_obsession_2546)