The scope of global business and international trade has seen optimistic improvements throughout recent years. Many analysts and companies are becoming increasingly confident regarding global trade and overseas opportunities. This confidence is due to global trade growth exceeding initial forecasts as well as the stabilization of China's economy and demand. These particular factors could be indicative of a year without a major economy falling into recession, a benchmark that has never previously been reached.
globalEDGE Blog - By Tag: business-services
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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.
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You may have heard about the StartUp Visa Act, proposed by Senators John Kerry (D-Mass.) and Richard Lugar (R-Ind.). It would be to help small businesses grow and add jobs to the U.S. and encourage international business and entrepreneurship as well.
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The business of online dating has been around for years and while it works for some, others find it intimidating or impersonal. Therefore, Gao Shan had a new creating idea. He opened a market called "I'm Looking For You" in Beijing.
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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?
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The internet is becoming a bigger part of marketing and advertising strategies for many companies. However, engaging customers online can be challenging. The following video gives advice and examples of how to achieve this.
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The international consulting firm Mercer recently released its list of the World’s Most Expensive Cities to Live. The implications of the study on global business are substantial. With all of the outsourcing that has taken place, companies will be much more guarded in where they move their businesses to. Many times, companies provide compensation packages to employees living abroad, and it will cost them considerably more to help support employees abroad in cities which are expensive to live in.
Although there may be a demand for their business, companies will likely choose cities which are cheaper for their employees, which means they spend less on employee compensation and can gain more profits. What implications does the list have for you?
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A recent Businessweek Ranking listed Hong Kong as No. 9 of the "World’s Gloomiest Countries" with respect to economic outlook, with exports, profitability margins, investments, turnovers, and selling margins all expected to fall in a negative manner. Despite the hard hits that Hong Kong and the other Asian markets have taken in the financial crisis, Hong Kong can and will bounce back.
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Companies are starting a new trend of offering to their employees custom designed classes right inside their four walls. There is no need for employees to relocate to a university far from their home and work to take classes. This makes higher education convenient for employees who have families and other limitations. Many companies want their executives to gain skills and acquire experience in real world environments, as well as get up to date on corporate standards. At the same time, companies don’t want to disturb executives’ work schedules by sending them to colleges in distant countries.