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As an avid runner, I see a lot of opportunities to equate efforts to expand into new global markets to running a marathon. Here are five lessons I’ve learned from my experiences in marathon running and managing the global business expansion of various entities.
Although a degree in commerce was definitely a good pick for me, I was mostly interested in the lesser-known international opportunities that were provided to gain new global business experiences.
For all the talk about Canada being a trading nation, we aren’t when it comes to small and medium sized enterprises. While SME’s account for roughly 95 percent of all companies in Canada, and create 65 percent of all jobs, Canadian SME export rates are at less than 2 percent.
Competitive intelligence keeps a company informed about critical issues that might influence its profitability and ability to compete in the marketplace. It also enables decision makers to make more effective planning decisions.
The United States stands to benefit in trade from the growth of Asian economies such as Vietnam and Korea, British bank HSBC said in a report in late May. U.S. trade is expected to benefit strongly from an uptick in growth in China, Vietnam, India, and other countries in Asia.
Despite their loss in Congress this week, the vigorous opposition to TPP will continue when the actual treaty is finalized and presented to Congress for ratification. Is the TPP deal another giant sucking sound as former presidential candidate Ross Perot called the NAFTA agreement?
With over a decade of experience working with international clients and managing business finances, Kiran is committed to excellence in her work and continuing to develop her career as a Job Cost Administrator.
Alternative dispute resolution (ADR) aims to resolve disputes in a way that is less expensive, faster, and more predictable than adversarial judiciary processes, and help you avoid going to court with international business disputes.
Compliance programs avoid corruption by helping companies on the right side of the law. But this needs to be balanced with an understanding that no policy can ever contemplate every possible risk. They need to proscribe behavior that is not permitted, while recognizing that few decisions fall on one side or the other of a bright line.
Kevin Duncan, CITP|FIBP, is a Senior Buyer Technical Procurement at NOVA Chemicals, where he ensures compliance with all customs, and manages an important supply portfolio, providing competitive pricing while maintaining strong supplier relationships.
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