Preparing Your International Business for a Potential Recession
The global economy has endured a difficult year, with inflation reaching decades-high levels that have hampered post-lockdown spending and forced central banks to take drastic measures to bring it back under control. Although their efforts may have been successful,...
Important Trends in International Business in 2023
The last few years have seen industries experiencing a huge number of transitions, likely to continue into 2023. Businesses now must contend with the effects of the pandemic, Russia's incursion into Ukraine, economic difficulties, and rapidly developing technologies....
Basic Business Etiquette in Saudi Arabia
Basic Business Etiquette in Saudi Arabia Saudi Arabia benefits from valuable and plentiful natural resources, high per capita income and a growing consumer class that is interested in Western goods and services. These assets make Saudi Arabia an excellent place to do...
The Best Podcasts for International Business
My blog has listed many resources available to people who are interested in international business, but I have not covered podcasts. You can find podcasts on every subject imaginable on the internet, including several excellent podcasts in the field of international...
Outsourcing for International Business
Outsourcing is a common practice in business. In fact, outsourcing is often the reason for a US company to do business with a company in another country, leveraging the competitive advantage that the foreign company has by virtue of its cost of materials and/or...
Establishing a Business in a Developing Nation
Establishing or expanding a business in a foreign country can be challenging due to differences in language, culture, business regulations and consumer patterns. Establishing or expanding a business in a developing nation presents additional challenges such as poor...
Travel: Its Impact Upon International Business in 2022
In the last two years, the business travel industry experienced a new, unique challenge with the ongoing COVID-19 pandemic. The pandemic not only caused a significant drop in travel, but it has also given rise to a number of protocols to help protect the safety of...
US Federal Programs to Aid International Businesses
Resources to help you in your international business expansion often seem scant. While trade associations and networking groups offer some opportunities, the US federal government can be a viable alternative resource. Hidden in the .gov domain are programs that can...
Five International Business Trends for 2022
Business trends from 2021 will continue into 2022, dominated by growing geopolitical uncertainty, the pandemic and the growing threat of climate change. The following trends are expected to be especially important drivers in 2022: Strong but Slowing Economic Growth...
How to Improve Your Customer Service in a Different Culture (Part 2)
Introduction Last month, I took you through the concepts of how customer service, specific to one culture or another, can add to your success. I referred to Trompenaars’ Seven Dimensions of Cultural Differences and touched on cultural dimensions on the continuum from...