What Happens After the Recession?
Much of this week's Intelligent World is focused on current international events. Many commentators and business owners are focused on what is happening right now in the global economy. And who can blame them for keeping their head down to focus on their business to become more competitive. But it is important to not lose sight of what will happen in the long term. How will the long-term effects of the recession affect your company? It is good to be aware of this now so you are prepared for it later.
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News highlights of the month
How People Make Purchase Decisions: An Update
Why it's important: Do you know how your customers are making their purchase decisions? Over one third of the customers in this study gathered information before a purchase on a website. Does your website provide customers with enough information?
This survey by Harris Interactive studied how customers make purchase decisions. Common methods include gathering information from a company's website, conversations with a salesperson, and conversations with family and friends.
Click here to read the full article.
Restoring American Competitiveness
Why it is important: One of the only ways the US can pay down its enormous deficits and raise its citizens' standards of living is to invent and manufacture high-tech products in America.
One reason the US has been unable to innovate and compete in the global economy is because many manufacturers have been outsourcing their work. To be a prosperous country again, the US government must promote collaboration among businesses, academia, and government, and corporate management must overhaul its practices.
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What Comes After the Recession: A Fun Free Recovery
Why it is important: So, you have survived the recession thus far. Can you survive its aftermath?
One economist says, "We are in for an extended period of subnormal economic growth." A CEO of a bond-investing firm claims that we will be living in "the new normal." Even after the recession ends, this article claims that we can expect frugality, bear markets, volatility, high energy prices, and higher taxes.
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How to Beat the Next Recession
Why it is important: This article highlights some good examples of foreign companies that have had success and explains why they aren't experiencing the crisis the way some companies in US are experiencing it.
Even during the current recession companies are looking ahead towards the future and are preparing how to ride out the next down turn in the recession. A wide range of companies seem to be making moves now to prepare for a greener future. On the heels of the depressing GM and Chrysler bankruptcies and layoffs, Toyota has instituted overtime production in its Tsutsumi plant in Japan.
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Developing World Seen as Engine for Recovery
Why it's important: Will developing economies decouple from the US economy and being moving independently of developed economies? What will this mean for your business?
After previous recessions, the US has led the world's economies back to growth. But with China's economy projected to grow 7.7% and India's economy projected to grow 5.9% this year, and the US economy projected to shrink by 2.8%, economist think that developing countries like China, India, Russia, and Brazil may lead the way back to prosperity.
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Is a Trade War with China Brewing?
Why it's important: China is now considering to place limits on the imports that are going to China. This may hurt some U.S. manufactures when they try to export their products by making them more expensive.
When the U.S. Senate introduced a clause requiring the purchase of U.S.-made steel and iron in Washington's $787 billion stimulus package last February, the Chinese government decried the "Buy American" measure as a dangerous step toward trade protectionism. The article continues to explain how a trade war may develop and the current recession may drag on longer because of the protectionist practices.
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Getting Small Business Contracts to Small Businesses
Why it is important: When big corporations get the majority of contracts, small to medium size businesses are usually left out. This new law is designed to help the small business owner to be included in the bidding process.
Some small business owners have mixed feelings about the law while others are excited about the possible opportunities for them. "Tightening the definition of small business would create significant opportunities for actual small businesses," says Brad Close, vice president of public policy at the National Federation of Independent Business, an advocacy groupbased in Washington, D.C.
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Consumer spending in Asia: Can Asians replace Americans as a driver of global growth?
Why it's important: If you own a small business, you want to export where the money is. China and Asia are leading the world in consumption and growth.
Over the past six months the government in Beijing has introduced a host of incentives toencourage households to open their wallets. Rural residents get subsidies for buying vehicles and other goods such as televisions, refrigerators, computers and mobile phones; urban residents get a subsidy if they trade in cars and home appliances for new goods; tax rates on low-emission cars have also been cut.
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Business Answers: Video
Why it is important: It is interesting to know what small business owners are afraid of. Some times it is the obvious stuff, such as pricing, and sometimes it is the not so obvious topics, such as exporting.
On this video, business owners ask questions and have them answered by professionals. Some questions: "I find an other company which sells the same products than my company but less expensive, how can I protect my company against that?" "How do I communicate that company must be stay conservative because of the crisis?" "When is it the right moment to export on a new market, in a new country?"
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Small Business Health Care: Video
Why it’s important: Every person, whether you are a business owner or a employee, is affected by the cost of healthcare. This video helps to explain the healthcare problem for business owners.
On this video, Johnson Randel – US Chamber of Commerce, and William Dunkelberg, chief economist for the NFIB. The two discuss the ways small businesses can manage employee healthcare.
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The Key to Innovation in India: Co-Location
Why it is important: India is one of, if not the, ideal place in the world to investigate the myriad problems associated with technical advancement in energy, water, and agriculture.
India offers global firms, academics, and the ideal laboratory within which to conduct R&D in energy, water, and agriculture, boasting the following characteristics: Natural resources, human capital, vibrant civil society, democratic capitalism and existing R&D infrastructure.
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Pathfinder Scorecard
What scares business leaders are the blind spots inside and around their companies. Do you know "what you don't know?" Once you know... what are you doing about it? What is your gameplan? How will you execute it?
The Pathfinder Scorecard
evaluates 8 key areas to sustaining
your reginal business in this global, Internet economy.
IntellaCore has a unique point of view because we are positioned at the critical crossroads where very few are... that place where the global economy meets the Internet and Communications Technology (ICT)
• Market Awarness
• Market Strategy
• Internet Presence and Activities
• Product/Service Readiness
• Operational Readiness
• Technology Readiness
• Personnel Readiness
• Collaboration
Click here to learn more about the Pathfinder Scorecard
Compete, Innovate,
and Grow... Today
Find Your Path to Success
Today you are doing business in a global, Internet economy. It is not a matter of choice. It is a fact. Learn what has happened to your current marketplace in the last three years, and what you can do about it today.
The Pathfinder Scorecard will give you the direction you need to make decisions and to take action. We will show you how to view today's rapidly changing business environment, and you will learn how you can become more competitive in your industry.
What you will learn: How small businesses are taking advantage of today's marketplace to reduce costs and increase sales.
What you will take away from the scorecard: A simple, clear understanding of how you must approach your business today, as well as the threats and opportunities of your marketplace.
What it means for your business: Simple, practical, steps you can take now. Empower yourself to grow your sales, to reduce your costs of business, to remove uncertainty about your marketplace, and to make your business sustainable for the future.
Ask Our Experts
At IntellaCore we are available to answer any question you may have about the global internet economy. We assist companies to compete and win in today's globalized, Internet economy.
- Is there something that is stumping you about an international aspect of your current marketplace?
- Is there an obstacle that is preventing you from expanding your business into new markets?
- Are you having trouble determining how to use the Internet practically for your business?
Frequently Stated Challenges
- I can't find good, actionable market intelligence to know what is really going on in my marketplace, let alone new markets.
- I need to find a partner in a new market to help me export my product.
I am trying to find new suppliers to diversify my supply chain or reduce costs.
- My website is not right and is just not executing my business plan for visibility and revenue growth.
- We are overwhelmed trying to manage all of our external distribution, sourcing, and partnering relationships. The relationships are not achieving the goals we set for them.
- We are not a truly collaborative organization where people are working together, sharing information, and propelling the company forward in the best manner possible.
Ask us your question, and we will get you an answer by clicking here.
Intelligent World Archives
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