Guest Contributor: Silvio Contessi Let’s be clear about what we mean by a multinational. This is a firm that extends beyond the borders of an individual nation and operates with affiliates and branches in at least two countries. A multinational organizes phases for producing goods and services to sell in different countries. For example, many car companies have mastered the
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EY has launched Accelerating Entrepreneurs, a program to give six high-potential entrepreneurs from around the world support to scale up their business. Winners will receive expert one-to-one guidance, networking and insight sharing opportunities at EY’s World Entrepreneur Of The Year™ event in Monte Carlo, between 3-7 June 2015. Previously called Ready, Set, Grow, this year’s program has been renamed and
Read moreThe automotive industry has some of the most passionate talkers. Experts, enthusiasts, celebrities, car guys, and just people looking for answers to their car questions come to the same place: online forums. For brands like Michelin, that’s fantastic for market research, understanding their customers, and hearing what people have to say. But according to Michelin’s Digital Consumer Experience Manager, Carrie
Read moreFREE GLOBAL ENTREPRENEURSHIP PROGRAM Do you want to learn more about entrepreneurship and starting a business? We have the world’s first online global entrepreneurship program. Now it’s simple and easy to take online courses created and led by renowned experts in the field of entrepreneurship. DISCUSSIONS OF GOING GLOBAL LEARNING OBJECTIVES: – We define global mindset and global entrepreneurship –
Read moreGrowth is the very essence of entrepreneurship. Growth is the only vehicle that will deliver returns to your investors. And as we discuss in a previous Article, uncertainty and risk are a vicious cycle in high growth-potential ventures. Uncertainty and risk increase because the number of elements in the venture increases, the differences among those elements increase, and the interdependencies among those
Read moreFREE GLOBAL ENTREPRENEURSHIP PROGRAM Do you want to learn more about entrepreneurship and starting a business? We have the world’s first online global entrepreneurship program. Now it’s simple and easy to take online courses created and led by renowned experts in the field of entrepreneurship. VALUE DRIVER #7 MANAGING THE RAPIDLY GROWING VENTURE LEARNING OBJECTIVES: – We cover how successful
Read moreYour venture’s goals and strategy define the purpose and competitive advantage that will set it apart from others. Your goals help define your intent, and strategy is the plan of action that describes activities for dealing with the environment and for reaching your venture’s intended goals. When combined, goals and strategies define the scope of operations and the relationship with
Read moreDiscussions About The Value Chain Some influential business thinkers, most notably Michael Porter at Harvard Business School, have introduced the concepts of value chains that we discuss here. When a company enters and competes in any industry it performs a number of discrete but interconnected value-creating activities. Examples are engineering and designing, producing and marketing, warehousing and shipping, and servicing and
Read moreDiscussions About Venture Team Management A business organization is composed of people and groups of people. It is goal-directed, meaning that it exists for a purpose, it has structured activities, and it is chartered or incorporated with the intention of profitably operating a business activity. It has an identifiable boundary, distinct from the environment, and a place in the ecosystem
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Developing organization and human resource strategies across multiple borders should not simply be a matter of adapting a domestic model to accommodate changes in distance and global scale. Starting with a global mindset you will have to develop a fresh perspective in order to take into consideration the unique challenges of doing business globally. Human Resource Management Issues There are
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