issue 7
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VOLUME 4. VOLUME 3. ISSUE 5. ISSUE 7. JULY-AUGUST 2013. July 2012. Emerging Markets Opportunity Index: High Growth Economies. Emerging Markets can be found in every region of the world. Emerging Markets offer potential for IB expansion. - PowerPoint PPT PresentationTRANSCRIPT
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ISSUE 7 July 2012VOLUME 3
ISSUE 5 JULY-AUGUST 2013VOLUME 4
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Emerging Markets Opportunity Index: High Growth Economies• Emerging Markets can be
found in every region of the world.
• Emerging Markets offer potential for IB expansion.
• Entering Emerging Markets is risky but offer financial rewards.
• Factors for assessing Emerging Markets: Level of economic
development• GNP & GDP
Population growth Level of available technology Government stability Safety Involvement by competitors
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THINKING GLOBALLY…Let’s Discuss• What are “Emerging
Markets?”
• Which countries are defined as Emerging Markets?
• Which countries are the strongest Emerging Markets and why?
• Which countries are the weakest Emerging Markets and why?
• Which Emerging Market economies have the highest potential for business success?
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Lessons from Emerging Markets
• 14% of the world’s new billionaires come from Emerging Markets.
• “What provokes their success?” • Common factors to building wealth in Emerging Markets
are: 1) Flexibility2) Localization3) Education4) Shared Value5) Small Businesses6) Sustainability
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THINKING GLOBALLY…Let’s Discuss
• Why do Emerging Markets offer potential for huge financial success?
• Why are these important to building wealth in Emerging Markets: 1) Flexibility?2) Localization?3) Education?4) Shared Value?5) Small Businesses?6) Sustainability?
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Morocco – North Africa’s Forgotten Child
• Morocco is overshadowed by Egypt's reputation as a technology leader.
• Political and social unrest in Egypt makes Morocco an “up and coming” country.
• Morocco may: Take over Egypt and other African countries in IT. Develop into a role model for future developments.
• Business and IT Professionals feel Morocco is ready to boom.
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THINKING GLOBALLY…Let’s Discuss
• Where is Morocco?
• What is Morocco’s stage of economic development?
• What are Morocco’s key market opportunities?
• What is Morocco’s business climate?
• What are Morocco’s business risks?
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5 Tips for Content that Crosses Cultural and Linguistic Borders
• Creating web-based content is becoming more critical in global B2B and B2C segments.
• Foreign language is a driver of market adaptation in developing online business strategy.
• Five tips to improve content globally are: 1. Decide Who You Are Talking To2. Embrace the Multilingual Web3. Take Languages Seriously4. Understand Cultural Differences5. Show You Care
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THINKING GLOBALLY…Let’s Discuss
• To improve web content globally, discuss how you: 1. Decide Who You Are Talking To?2. Embrace the Multilingual Web?3. Take Languages Seriously?4. Understand Cultural Differences?5. Show You Care?
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THINKING GLOBALLY…Let’s Discuss
• What is personal disposable income?• Does it grow as economies grow?• What do affluent consumers buy?• What strategies and tactics do world-
class automakers use to reach high-end consumers?
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THINKING GLOBALLY…Let’s Discuss• Should I sell my products in foreign
markets? • Which markets should I enter? • Should I do an initial foreign market
analysis? • How to do each of these help answer these
questions: An Economic Analysis? A Sociocultural Analysis? An Infrastructure Analysis? Political Risk Assessment ?
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THINKING GLOBALLY…Let’s Discuss
• Define international market entry strategies.
• What are the most commonly used strategies?
• Which is the easiest to use?– Why?
• Which is the most difficult? – Why?
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Three Keys to Better Data Driven Decisions: What You Should Know…Right Now
• Becoming an MNC is as easy as setting up a website and marketing around the world.
• High-quality data and business analytics are powerful competitive tools.
• Firms using Enterprise Resource Planning (ERP) software solutions can: Align all activities with their business objectives be in a position to access the right information at the
right time Make better, faster decisions ranging from targeted local
market to broad-based global market scale.
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THINKING GLOBALLY…Let’s Discuss
• Why do IB managers need to understand IT as a business driver?
• Why do organizations need analytics for strategic planning?
• Why must firms align business activities with business objectives?
• How do ERP software solutions align all activities with their business objectives?
• How will ERP software position a firm to access the right information at the right time, allowing for better, faster decisions?
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5 Mistakes to Avoid When Entering a Foreign Market“If I am selling to you, I speak your language. If I am buying, dann müssen sie Deutsch sprechen."
Willy Brandt, former Chancellor of Germany
5 Mistakes to Avoid Are:Mistake #1: Translation ErrorsMistake #2: Failure to LocalizeMistake #3: Cookie-Cutter Marketing StrategiesMistake #4: No Local Sales RepresentationMistake #5: No Market Entry Plan
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THINKING GLOBALLY…Let’s Discuss
How do IB managers avoid these 5 Mistakes?Mistake #1: Translation ErrorsMistake #2: Failure to LocalizeMistake #3: Cookie-Cutter Marketing StrategiesMistake #4: No Local Sales RepresentationMistake #5: No Market Entry Plan
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Business Short Paper: Mobile Workforce with No Hassle• IB is expanding.• The global workforce is growing. • Mobile technologies are emerging and quality
is improving.• Global Managers need 24/7 communication
with global employees.• Today, the global workforce must be a mobile
workforce.
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THINKING GLOBALLY…Let’s Discuss
• What is the Global Workforce?• What is Mobility?• What are Mobile Technologies?• How do global managers deploy mobile
technologies?• What are the IB efficiencies resulting from
using mobile technologies globally?