globalEDGE Business Beat - July 2015

Speaker: Jade Sims, Michigan State International Business Center

Air Date: July 03, 2015

Tomas Hult speaks with Jade Sims, International Trade Specialist, in the International Business Center, Michigan State University. The interview focused on core competencies in exporting and international trade.

These knowledge competencies include the areas of Global Business Management, Global Marketing, Supply Chain Management, and Trade Finance. Jade elaborates on why these are the four core areas for a company to have knowledge when conducting global business. There are also five “threads” within these four core areas that are critical, including Documentation, Legal and Regulatory Compliance, Intercultural Awareness, Technology, and Resources. Jade discusses how much effort a company should spend on figuring out these issues before deciding to engage globally.

Speaker: Jim Foley, Illinois SBDC International Trade Center

Air Date: July 03, 2015

Tomas Hult speaks with Jim Foley, Director of Operations, of theIllinois SBDC International Trade Center. Jim has received the Governor of Illinois’ Export Award. He is also the author of The Global Entrepreneur.

The interview focused on Jim’s book, The Global Entrepreneur, and topics covered in the book. Specifically, why a company should consider going global; when a company is ready to go global; and how a company should go about selecting a foreign market to export to.

Speaker: Tunga Kiyak, Eli Broad College of Business at Michigan State University

Air Date: July 03, 2015

Tomas Hult speaks with Tunga Kiyak, Managing Director of theAcademy of International Business. The interview focused on CORE™ - a Diagnostic Tool created by the International Business Center, at Michigan State University, to assess “organizational readiness” and “product readiness” in an export scenario. CORE™ is a self-assessment tool that will allow you to determine your company's readiness to expand its operations internationally, and ascertain its ability to export a particular product.

Speaker: Doug Barry, International Trade Administration's Global Knowledge Center of the U.S. Department of Commerce

Air Date: July 03, 2015

Knowledge Center, International Trade Administration, U.S. Department of Commerce. The interview focused on ITA’s Guide to Exporting, now in its 11th edition, and the long-standing key source for U.S companies on exporting and international trade.

Doug Barry tells us about The 11th Edition of A Basic Guide to Exporting and how the world is open for business to all companies. He also elaborates on how a company which has never exported before should start developing its export strategy.