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Articles about or concerning Global Trade, Culture, Import and Export, Etiquette, Consumer Information, Technology, Trade, Investment, Culture, Finances, and Marketing.
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How to Prepare For China Business Trips More Effectively Part One Different Goals

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 Klaus-Dieter Hanke (July 27, 2008)  Different Goals mean different trip preparations Obviously, each China business trip can have different goals that require a different kind of preparation. Very likely, your first trip and second trip will be different. Typically, a first trip is to evaluate several factories that will narrow your list to a few that you will consider partnering with after further study. Goal 1 Visiting . (International Business)

How to Prepare For China Business Trips More Effectively Part Two Daily Meetings Planning

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 Klaus-Dieter Hanke (July 27, 2008)  Realistic Planning for Daily Meetings with several Suppliers When visiting suppliers you will want to make plans that best utilize the available time. This is even necessary if you are visiting suppliers in one of the large Chinese cities like Hong Kong, Shenzhen, Guangzhou, and Shanghai. These cities are so vast that you need a realistic plan if you are going to get much accomplished. . (International Business)

IT Industry Continues to Look Beyond the US

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 Mani Raw (July 24, 2008)  With the US business scene on a low, the IT Industry and especially the IT Outsourcing industry is trying to move to other places like the Middle east, Africa and South America. Shrinking growth rate in the US market coupled with the need to spread their business over a wider area is compelling the IT companies to set up development centers in South America, Africa and the Middle east. . (International Business)

Isle of Man Pensions New Opportunities For UK Expats

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 Peter Beighton (July 24, 2008)  In April 2008 there were significant changes to Isle of Man pensions legislation which have led to new opportunities for non-UK residents who have UK based pension funds and for those who are considering leaving the UK. Island based pension providers have been quick off the mark to establish new SIPPs (Self Invested Personal Pensions) which have been given Tax Office approval as .. (International Business)

Royalty Routing

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 Peter Beighton (July 24, 2008)  Royalties are the payment of licence fees or commissions by one individual or entity to another for the use of intellectual property (IP). Intellectual property can take several forms: Patents that protect inventions or new processes Trademarks that relate to the names of the products and perhaps also their design and packaging Copyright which attaches to any original creative .. (International Business)

Returning Expats Why Do They Have Such a Hard Time?

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 Hans Bool (July 24, 2008)  How often is it that the travel-metaphor is used to support change management. In this case of the expatriate, returning home, the metaphor and the reality are about the same; change. Expatriates are people who work for an multinational and who move to a foreign country for a specific period and assignment. Some of them hardly come back to their homeland. Some never want to come back. .. (International Business)

Inflation and Growth in Asia Pacific The Myth of Economic Decoupling

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 John Chng Kean Siang (July 22, 2008)  Currently central banks around Asia Pacific region have to worry of two pronged worries; inflation which is fueled by fuel price and economic growth which is adversely affected by global slowdown.  The usual weapon employed, and recently advocated by policy makers, is tight monetary policies, which means squeezing liquidity out from the market through higher interest rate.  However, .. (International Business)

How to Make Chinese Factory Visits More Successful Part Two Making Your Trip Preparations

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 Klaus-Dieter Hanke (July 21, 2008)  Thorough trip preparations help you improve your chances for a successful visit. Although it depends very much on the main goals of your visit the following general preparations will fit most of them. Will the Electricity Be On During Your Visit? Chinese factories are forced by the government not to use electric power one or two days per week. This government imposed outage rotates .. (International Business)

How to Make Chinese Factory Visits More Successful Part Three Inspecting the Manufacturing Areas

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 Klaus-Dieter Hanke (July 21, 2008)  After you got your first impressions of the factory upon arrival and learned more at the first meeting. Next, your job will be to look at the different production and storage areas in detail to find out if the factory complies with your company's quality expectations. Quality Control for Incoming Material and Components A busy factory will receive materials on a daily basis. These .. (International Business)

How to Settle Factory Claims in China More Successfully Part Two Major Reasons For Claims

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 Klaus-Dieter Hanke (July 20, 2008)  There are various reasons for filing a claim against a factory but you will mainly be faced with: Late or incomplete deliveries Major quality issues Copyright violations Patent infringements Non-compliance with laws of the destination countries Let me give you more information about the likely background of these claims: Late or Incomplete Deliveries claims can easily be avoided if .. (International Business)

How to Settle Factory Claims in China More Successfully Part Three Advice For Your Negotiations

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 Klaus-Dieter Hanke (July 20, 2008)  Presenting the Facts After the small talk with the factory management, it is time to get down to hard business. Present all necessary evidence (e. g. documents, statements, invoices and samples) to your supplier. Present everything that you have to the decision maker to convince him of his responsibility and hopefully he will accept fault. Samples of a defective product are especially .. (International Business)

How to Make Chinese Factory Visits More Successful Part One Major Reasons For the Visits

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 Klaus-Dieter Hanke (July 20, 2008)  There could be many reasons for visiting Chinese factories but the following four are the most likely ones. Visiting New Factories for the First Time - Detailed Evaluation There will likely be factories that you learned about during one of the Chinese Trade fairs or factories that you had contacted from your home country but have never visit in person. Naturally, you want to spend .. (International Business)

How to Settle Factory Claims in China More Successfully Part One How to Avoid Them

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 Klaus-Dieter Hanke (July 19, 2008)  The first thing you want to do, if you have not done so already, is to establish your own in-house quality control department. That is the first step to making sure that your company has the means to control the quality of all incoming samples or any other quality issues before you place any purchase orders. At the beginning, you do not want to start with too large of a department .. (International Business)

The Vibrant Industry of Limestone in India

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 Smit Mathur (July 18, 2008)  A significant portion of the global limestone industry is shared by limestone India. Among various dimensional stones, limestone figures as one of the most extracted and commercially viable stones. Limestone is sourced from different regions of India. Indigenous resources of machinery and tools have lifted the processing and finishing standards. The Indian market is shared by big .. (International Business)

Bangkoks Counterfeiters

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 Lazz Laszlo (July 17, 2008)  If you visit Thailand and Bangkok in particular, you will see numerous counterfeit goods which are openly displayed by vendors. Watches, ladies handbags, batteries, CDs, DVDs, and even underwear are available to anyone with the money. Tourists love a deal and buying their favorite football team jersey for less than 10 U. S. dollars is very tempting, along with counterfeit jeans, .. (International Business)

Why Should One Consider an Indian Export Import Directory?

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 Kirthy S (July 16, 2008)  Indian export import directory! Importers or exporters gain a good insight on the trade market with a comprehensive directory which helps them. Dealers find India, the most targeted market place as it's a highly populated region and find a huge re-export business here. The scope of small scale and cottage industries is also high. India is known for its spices and such spices are in .. (International Business)

Risks in International Business

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 Sidney Okolo (July 16, 2008)  Just as there are reasons to get into global markets, and benefits from global markets, there are also risks involved in locating companies in certain countries. Each country may have its potentials; it also has its woes that are associated with doing business with major companies. Some of the rogue countries may have all the natural minerals but the risks involved in doing business in .. (International Business)

Startup Costs For International Business

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 Akhil Shahani (July 16, 2008)  Building up a business from scratch needs great amount of patience apart from a good financial back up. Though every business has its own specific cash requirements throughout the various stages of development, most businesses go through almost similar set up costs. Every business has its own nature of start up costs; it is wise to keep aside an additional expense account, for .. (International Business)

Expanding Abroad Setting Sail For Success

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 Akhil Shahani (July 15, 2008)  Is expanding abroad on your mind? The time is ripe and there are opportunities galore. Expanding abroad would give your business access to a much bigger, global market. But all eyes are on foreign shores and exploring that option could be especially difficult if you are a small business owner. While myriad issues like financing, strategy, and competition need to be addressed, the growth . (International Business)

International Venture Startup Cost

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 Akhil Shahani (July 15, 2008)  The US based venture capitalists are stepping up more and more their leadership internationally. An emergence of real international venture capital firms is there but arranging the international venture startup cost and succeeding in the market is a real challenge in itself. The person who is starting an international venture must be aware of the international venture startup cost .. (International Business)

Freight Exchange

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 Manan Kumar (July 15, 2008)  Staying in touch with updated information is important; almost every kind of business does require staying well informed with on going latest happenings in their concerned areas and similarly this thing applies to sea transportation companies’ related areas like freight forwarders, sea shipping companies, cargo exporters and importers, commercial companies and traders. These all .. (International Business)

How to Enter Foreign Markets

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 Concha Stroebel (July 10, 2008)  Which foreign markets The profit potential of a foreign market will differ from company to company. The decision on which market to enter, lies not only within the potential of a company to increase its profitability, but also the risks associated with doing business in that specific country. Preference should be given to countries that are more attractive in terms of long run profit .. (International Business)

Requirements For Success in International Strategic Alliances

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 Concha Stroebel (July 10, 2008)  There are three main success factors that plays a role in International Strategic Alliances. They are Partner Choice, Alliance Composition and Managing the alliance. Partner Choice An effective partner helps the firm achieve its strategic goals, which can be market access, sharing of costs and risks, or gaining access to critical core competencies. In other words, the partner must have . (International Business)

Raising Awareness on Languages and Entrepreneurship

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 Stefania Williams (July 10, 2008)  English is the working language in many organizations in Europe. If English is your own language, when you are negotiating international business in English it helps if you are aware of the difficulties that foreign speakers have in such discussions. However, in almost all kind of professional environment, the ability of managing an additional language is more and more important and .. (International Business)

Should Successful Internet Marketers Get Into International Marketing?

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 Cindy King (July 08, 2008)  Businesses approach international web marketing differently. It seems to depend on the primary business being a physical store, or online. Brick and mortar businesses with a website are very interested in international web marketing, almost right from the beginning. International exposure is one of the big calling cards for getting a business online. These businesses already have a .. (International Business)

Chinese Strategy

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 Gurdeep Singh Raina (July 08, 2008)  The Chinese became the third largest global economy, overtaking Germany, in the last quarter of 2007-08. China had emerged as a big powerhouse in every sector, be it a core sector like mining, manufacturing, steel, construction, power etc or an offshoot sector like electronics, retail, jobwork etc. It has beaten India in all the sectors in which the country is present. The strategy .. (International Business)

Global Sourcing Smart Tips to Help Increase Profitability and Streamline International Purchasing

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 Michelle Bonn (July 08, 2008)  With today's market place becoming even more competitive, globally, a question that often arises within many corporate cultures and small businesses is: "how do we know our company is paying the best possible price and sourcing our materials and products from the best possible source?" As different countries develop expertise in varying industries, manufacturing, and product .. (International Business)

Papua New Guinea Agribusiness Investment Opportunities

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 Nicholas J Cameron (July 08, 2008)  Papua New Guinea is an investment destination that is increasingly gaining attention from those looking for business opportunities in Asia. Rich in resources specifically mining, fisheries and agriculture, the economy has been performing strongly mainly due to the high demand for commodities. One of the areas that does show potential is agriculture. The driving force behind commercial .. (International Business)

Made in Malaysia

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 Ernie Chen (July 08, 2008)  Some people seem to think that in order for a workshop to be great, it must have a white man on stage - the harder to understand the accent the better, because this must mean that the speaker is more “authentic". This is not about race or gender, but about the misconception that many have about Malaysian trainers and what they're worth. Recently, we ran a Public Speaking Workshop .. (International Business)

A Business For Sale in Asia Selling Through the Internet

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 Nicholas J Cameron (July 08, 2008)  Recently, one of the businesses listed on our website as a business for sale emailed us about their recent success in selling their business in the Philippines. We received an email from one of the children of the business owner we thought to share this experience with the wider community because there are some useful tips about finding buyers. The owner of the trading business had .. (International Business)

Advertising to International Markets Different Cultures, Different Tastes

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 Felicia Bratu (July 07, 2008)  Why did they have such success in Romania? Because they came at the right moment - it was at a time when everything there was changing, communism was over and everybody was open to new experiences. Seize the moment! Nike has been selling shoes in China since 1984. Everybody knows that Nike shoes aren't the cheapest, but they adjusted their prices for the Chinese market. Also, the .. (International Business)

Business in Singapore is Very Conducive and Profitable Venture

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 Smith Spencer (July 05, 2008)  Business in Singapore is very conducive and profitable venture. The country adopts a free market system which enables rapid adjustment of the economic activity in respect to market dynamics and optimum allocation of limited economic resources. Business in Singapore is open and setting up an enterprise by a foreign firm is always welcome. According to a study conducted, Singapore proves . (International Business)

Strategic Alliances and Their Motives

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 Concha Stroebel (July 03, 2008)  Strategic Alliances are partnerships that exists for a specific period with the goal to combine skills and expertise in pursuit of a cooperative venture. Cooperative agreements between potential or actual competitors are formed for various strategic purposes, which include entry into a foreign market and the sharing of costs. It is also a way of merging complementary skills and assets .. (International Business)

China Corporate Structures

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 Gregory Sy (July 03, 2008)  While domestic companies have a wide range of alternatives in establishing business operations in China, foreign companies are more restricted, with the most common business vehicles for foreign investors being: - Representative Offices - Wholly Foreign Owned Enterprises - Joint Ventures (Cooperative and Contractual) 1.0 Representative Offices General The fastest and easiest method for .. (International Business)

The Color of Money

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 Amaan Goyal (July 03, 2008)  The Global Economy has witnessed remarkable growth in the last couple of years but its growth has been stalled by the spiraling crude oil prices. High Crude prices have spooked the global economy and its immediate fallout is the high rate of inflation, which is pinching common man's pocket round the globe. High oil prices are likely to become a sustained feature of energy markets for .. (International Business)

OEM Manufacturing Agreements in China

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 Gregory Sy (July 03, 2008)  Needless to say, China has become the world's leading manufacturing base. However, with the recent product safety scares and the constant media attention, “Made in China" has become a high-profile issue for consumers and retailers. So how does a foreign company minimize the risks of tainted/substandard products manufactured in China? In this article, we discuss contract terms .. (International Business)

Top Tips For International Communications

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 Stefania Williams (July 02, 2008)  Think internationally from the start. If you reach out to the world with your export strategy and via your website, your hope is that the rest of the world will then respond in some way: get prepared for it, and plan ahead a comprehensive language marketing strategy - if your company has its eye on markets abroad. Plan a language marketing strategy. The strategy should determine, for . (International Business)

Addressing the Challenges of International Business Etiquette

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 Stefania Williams (July 02, 2008)  Addressing the challenges of International communications denotes competence and respect for others. In cultural terms, this booklet explains the best ways to make contact, host a meeting, enjoy a meal of visit the factory or offices abroad. The knowledge of cultural differences is also important when meeting foreign guests at home. Nobody wants to offend others unintentionally, and .. (International Business)

China, Mind Over What Matters

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 Lazz Laszlo (July 02, 2008)  While the Western world slumbers, China works, both literally and figuratively. The walled-world, once a mystery, has been forging its long-term plans. These plans include advancing the people of China through education, innovation, and competitiveness. On the education front, it is like a giant cresting wave with more than half of the current undergraduate students earning their .. (International Business)

Beyond the Dot Com

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 Cindy King (July 01, 2008)  The economy has been better in the US, and during the harder times every businesses has to look to spread out to a wider market. Inexpensively. This is especially true for small businesses and online businesses. It is time to take advantage of the world as a marketplace. It is time to get creative and think beyond the “dot com". Here is why you should consider having more than one . (International Business)

Luxury Brands Japan

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 David M Watts (July 01, 2008)  It seems that Luxury Brands are in slow decline in Japan. If you spend time in Tokyo you cannot help but marvel at the gigantic emporia of retail designed by the World's leading architects. The Prada store in the Aoyama district designed by Herzog and de Meuron rises 6 storeys of glass crystal, the Tod's Omotesando Building and the LV flagship in Roppongi Hills designed by Jun Aoki are .. (International Business)

Entering Global Markets Strategically

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 Concha Stroebel (June 30, 2008)  To compete successfully in foreign markets, the Entrepreneur should decide on a global strategy in order to optimise production value. Micheal Porter's pinned down the concept of generic strategies, by suggesting that a company either strives to have (1) a low cost strategy focusing on lowered production and other related costs, or (2) a differentiation strategy increasing the .. (International Business)

Foreign Exchange at a Glance

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 Concha Stroebel (June 30, 2008)  The foreign exchange market is a platform where the currency of one country could be converted in to that of another country. The exchange rate determines the ratio at which one currency is converted into another currency. The foreign exchange market is one of the most dynamic forces in international business and enables investors to undertake foreign investments worldwide. Without it, . (International Business)

Myths of Global Diversification

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 Altaf Sahibzada (June 30, 2008)  Investors have been through difficult times. It is uncertain how long these uncertainties will continue. They have been seeing their portfolios tumble in a matter of days. It is hard to be immune from the vagaries of gyrating investing markets. Global Investment Quite often we hear about the need for minimizing the risks of investment. One of the recommended strategies is to diversify .. (International Business)

Business in Spain The Spanish Notary Public

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 Dennis H Lewis (June 30, 2008)  Hi! I've been living in Spain for almost twenty years. My wife is Spanish, my colleagues are Spanish, my customers are Spanish and by businesses are Spanish. Over these years I think I've learned quite a bit about “being Spanish". If you want to get into the under-exploited fast-growing Spanish market, you need to know more than just how to speak Spanish. You need to understand .. (International Business)

5 Business Mistakes to Avoid in Asia

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 Lazz Laszlo (June 29, 2008)  What is your perception of Asia? If you have never traveled to the East, I can tell you from experience that it is nothing like you imagine. My first trip was in January of 1991 to manufacture products. I made a lot of mistakes, learned valuable business lessons, and made a lot of new friends and business contacts. My first mistake was thinking with a Western mind. I lined up 3 to 5 .. (International Business)

The Tourmaline Trade in Africa, Afghanistan, Madagascar

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 Andrea Molinari (June 28, 2008)  I've been manufacturing jewelry in Bangkok and for years now and I've witnessed the prices of Tourmaline rough stay amazingly steady. Recently new factors have precipitated a huge average price hike: Namely the discovery of qualities of tourmaline from Africa and Afghanistan that have truly beautiful and therefore precious colors putting tourmaline in the category with Emeralds which .. (International Business)

Have You Found Common Ground Yet?

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 Dennis H Lewis (June 28, 2008)  Finding common ground. I've been living in Spain for almost twenty years. My wife is Spanish, my colleagues are Spanish, my customers are Spanish and by businesses are Spanish. Over these years I think I've learned quite a bit about “being Spanish". If you want to get into the under-exploited fast-growing Spanish market, you need to know more than just how to speak Spanish. You .. (International Business)

Talk About Money? Dont Be Crass

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 Dennis H Lewis (June 28, 2008)  Hi! I've been living in Spain for almost twenty years. My wife is Spanish, my colleagues are Spanish, my customers are Spanish and by businesses are Spanish. Over these years I think I've learned quite a bit about “being Spanish". If you want to get into the under-exploited fast-growing Spanish market, you need to know more than just how to speak Spanish. You need to understand .. (International Business)

Are You Brave Enough to Have Lunch in Spain?

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 Dennis H Lewis (June 28, 2008)  Let's have lunch! Be prepared for hearing these three dangerous words! Hi! I've been living in Spain for almost twenty years. My wife is Spanish, my colleagues are Spanish, my customers are Spanish and by businesses are Spanish. Over these years I think I've learned quite a bit about “being Spanish". If you want to get into the under-exploited fast-growing Spanish market, you .. (International Business)




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