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Africa is open for business and ripe with opportunities, but they go largely untapped by North American firms, which have been hesitant to enter markets where their European and Asian competitors are already doing business – and profiting from it.
This year’s FITT Education Award winners are a talented group of individuals, among whom there are mentors, passionate social activists, and driven global business dynamos, all ready to take the industry by storm.
Too often, companies train employees on trade compliance as if it is an annoying bundle of red tape that will inevitably hold up operations. Employees are taught that trade compliance is a hurdle they are forced to jump through once they are ready to get a job done. These 5 practical trade compliance steps could save your company some serious time and money.
Chris is a professor of International Marketing, Business Presentation, and Entrepreneurship in the School of Business at Algonquin College in Ottawa, Ontario.
Learning about other cultures before attempting a business relationship can make all the difference between success and failure in that venture, and help you avoid unexpected cultural differences.
While the traditional bottom line will always remain a crucial part of business, some companies are expanding their view and building their business to focus on the Triple bottom line (3BL/TPL): Profit, People and Planet.
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.
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