In a challenging economic environment, young professionals and recent graduates across the globe are forced to think of new ways to enter the workforce.
In the , some are taking an . These entrepreneurs recognize that what they are doing on the side can create revenue – running a website out of their home or offering social media marketing consultation – and can be performed anywhere in the world with anyone, at any time. They toss the security of a paycheck and good benefits at a place that is now considered a boring place to work.
In the , graduates are trying to . They are encouraged to find a market shortage and then gain the skills to fill the gap.
In , the story is different. The economic future looks (arguably) optimistic – China boasts more than 10% growth on average. The problem is that China is providing more than 6 million college graduates a year and the economy is not producing the number of jobs demanded by the graduates. The video below is a great 6 minute documentary on the issue, especially for to broaden their interests and expand their resume.
currently exists as one of the most desired markets in the global business world. With E-Commerce on its current rise globally, the key then, is finding a way to reach China’s online customer base. As of 2009, China had roughly 384 million internet users, and that number is expected to hit 650 million in 2015. It’s safe to say that many online retailers around the globe are to penetrate China’s market. The best way to do this is to gain a better understanding of the consumers they’re trying to sell to.
Last week I had a unique opportunity to hear the Korean Ambassador to the United States, Han Duk-soo, speak at a luncheon in East Lansing, Michigan. The event was sponsored by the . The ambassador has been traveling to various locations throughout the Midwest to tout the benefits of passing a (FTA) between the United States and . Currently, the agreement has been tabled by Congress due to other higher priority matters.
It can be done! Creating jobs back home while increasing sales overseas is possible and United Solar Ovonic has proved it. United Solar Ovonic is a based company that creates and exports solar panels and has recently begun a with United Solar Ovonic Jinneng in . They develop lightweight, flexible solar panels. They are great, not to mention green, energy producers so it’s no wonder that this business has been booming.
Over the past 10 years, China has had a significant impact on the world economy. Many businesses in the United States, especially those whose success has been dependent upon manufacturing, have felt the effects the most. Although many feel that the shift in Chinese economic power has adversely impacted the United States, it is also important to highlight the positive aspects of these changes. One of the great comes from , in the heart of the Midwest.
It is time for the world to become a lot smarter. Smart technology is a catch-all term that covers a variety of applications. Video cameras and sensors could be used to monitor traffic patterns and route drivers around bottlenecks. Computer chips in bridges could signal when repairs are needed. Wireless technologies could collect data on electricity usage throughout a city. Smart infrastructure promises to make the world more productive and competitive, while helping the environment and saving lives. Not only that, but it will save money by making what we've got work better and break down less often. These systems would improve productivity in the long run.
Today we will look at a piece of technology which could have a on the global business world. In this specific case, it’s how we power things. Now, windmill power has been talked about many times before, but this is the first time we’ve seen anything which combines the harnessing of the ocean with a windmill design. The AK-1000, recently released by Atlantis Resources Corporation in Scotland, could have a “revolutionary” effect on making renewable energy a viable replacement to fossil fuels.
Think about it, when the economy is in a downturn, what can find funding to develop a new business model? The innovative companies of course! You know, the ones with different ideas that stray away from the normal? It’s these innovative companies that strive in this harsh economic atmosphere, and that is just what happened in the recent economic downturn. The economy weeded out the basic, cookie cutter businesses and unearthed the gems beneath. Some of these gems include the likes of Spotify, Twitter, FourSquare, and Tesla Motors. All four of these companies have a stake of their business abroad too which means that these successful tech startups understand the importance of going global. How have they done business abroad? Glad you asked!
Technology is always changing, causing us to play catch-up on a daily basis. A new trend on the horizon? Mind reading. Today, a variety of such as games and phone-apps use mind reading technology to captivate users. Last Christmas two new games used mind-reading technology to find the way into many homes. Mattel’s Midflex and Milton Industries Force Trainer both use brain-wave technology similar to the electroencephalograph, which is used to diagnose brain disorders. Many video games are also trying out this new technology. Next year a new Apple app is planned to be released using mind power. This app, Tug of Mind, will be the Apple’s first game controlled by the mind and can be partnered with a NeuroSky headset.
Over the past decade we have come a long way as far as technological innovations are concerned. Businesses that did not even exist before 2000 have become household names, and have created products and services that are part of our daily lives. In the past 10 years there have been so many creations that have shaped our world today.
China is growing. India is growing. In fact, the whole of is expanding rapidly - in population, economy, and technology. The latest area Asia is looking to improve upon is education. Countries like China and India are in the process of trying to in the world of business education. They’re doing this by offering Western-trained business professors opportunities they wouldn’t be able to get normally.
Media in the Middle East is in the process of becoming revolutionized. There are currently around 487 free-to-air satellite channels broadcasting throughout the Middle East, and . As such, many companies and cities throughout the region are vying for media dominance. Could Abu Dhabi for becoming the Middle East’s primary media hub?
As wheat prices rise due to insufficient global supply, the big question is how concerned should we be about the ? Wheat is the latest agricultural commodity to raise costs. Wheat prices have risen 50% since last June, and prices are the highest since 1973. This is due to droughts and fires destroying crops in Russia, who is the third-largest wheat exporter in the world.
There’s no question about it, businesses are globalizing, and those who aren’t are getting left behind. The question is, are executives making the necessary changes to keep up with the changing business environment? Maybe not.
In the recent recession, many , some by more than 20 percent. When a corporation slashes their workforce by more than 20 percent, this is called . But companies that have made these deep job cuts may suffer in the longer term.
Recently, Ernst and Young released a affecting business today. These are the key issues that business leaders should be looking at right now:
1. The increasing political and economic dominance of emerging markets will cause global companies to rethink and customize their corporate strategies.
In February 2009, the U.S.-Peru trade promotion agreement (TPA) went into effect. The TPA has had some exciting effects for many U.S. companies. Doug Barry of the U.S. Commercial Service John Simmons, the Department of Commerce’s senior commercial officer in Lima, about how the TPA is helping U.S. businesses.
Trade between and should soon be increasing due to a (STR). Its goal is to help to eliminate some customs, duties, and other taxes that exporters would normally have to deal with when crossing the border between the two countries. Until now, trade between these two countries has not really been encouraged, even though they both have resources the other desires.
Lately has been from around the world, as they look to start new ventures. Breweries interests have already begun in Johannesburg, , and Juba, . At the end of 2008, Africa produced 5% of the world’s beer supply, a number which has continued to grow since then. Although beer production has been popular in Africa since the 1990’s, companies have begun to increase their investments in the continent since African locals have struggled to be able to mass produce the product in the past.
has recently made great strides to . With globalization taking the international business world by storm, many French companies have begun to look for opportunities outside of its close neighbors in Europe. This has caused them to turn to Latin America. This means more business opportunities for French companies and more jobs for South Americans.