The value of globalization
You CANNOT ignore globalization if you want to keep your market share and keep pace with your competitors.
Globalization is real, new technologies, advanced communications and improved delivery options are making the world smaller every day. We now have access to information and markets around the world with just the press of a few key strokes on your computer. Know that foreign companies are competing here domestically – which makes you a global competitor right in your own back yard.
Why limit your company’s sales to local or national markets? There are 6 billion people outside of the U.S.
Globalization is not the enemy. Increased exports for local businesses means more profits, more profits means more growth domestically which intern means more jobs locally. Often times globalization is made out to be the bad guy when we lose jobs here in the U.S. – when really advancing technology causes about 70% of job loss.
Within 10 years the Institute of the future predicts that 1/2 of all U.S. small businesses will be global by 2018
The global business train is leaving the station – are you going to be on it or left behind holding your hat and saying I wish I had gone on that ride?
The value of globalization