For anyone conducting their business internationally, being aware of and understanding cultural differences is often essential for success. Issues such as directness, cultural values, and punctuality vary across countries, and expressions can have very different meanings in foreign cultures. By researching a country’s culture and customs first, you can impress and gain the respect of your international colleagues, helping to build relationships which will be crucial to the growth of your business in the new market.
globalEDGE Blog - By Tag: business-convention
A recent report by the Consumer Electronics Association has projected that global gadget spending on electronics will surpass $1.1 trillion in 2013. This study comes days before the 2013 Consumer Electronics Show (CES), one of the world’s largest technology-related trade shows. What new innovations will the CES 2013 reveal and how will it impact the global economy?
The largest world fair in history will take place in Shanghai, China starting May 1 to October 31. Its theme is "Better City - Better Life". More than 190 countries will be present setting pavillions portraying their culture and technology.
The event is six months long and is expected to attract more than 70 million visitors. Therefore, it is an excellent networking opportunity. Nations that are already parters with China will be there in order to further firm the connection. Also, there is the chance to make new friends and establish new connections as a BBC video explains.
It’s no secret that large corporations have been under speculation for overspending on top executives. Extravagant trips and parties for these executives seem to be a thing of the past, at least for the time being. Once it was leaked how some executives were being treated, companies began to cut back. In the fall of 2008 there was a major drop in business travel which hurt the hotel and flight industries. Will it ever bounce back to where it was, or are companies looking at other options?
The 2010 FIFA World Cup is coming to South Africa. Along with it are several business opportunities! As the most popular sport in the world, football brings countless opportunities for many industries to take advantage of. The World Cup in particular attracts business people from all over the world because of its expansive publicity and popularity.