How to Improve Your Competitiveness in a Global, Internet Economy
Now that you understand that your business competes not just domestically, but internationally, virtually, and environmentally, how can you use it to your advantage? You can take this knowledge to make decisions and take action to make your business more competitive in the global, Internet economy.
We have laid out a few strategies you can easily take action on to become more competitive. These strategies are fairly easy to initiate, and they can help you to reduce costs, innovate, become environmentally sustainable, empower your company and yourself, and build your network.
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News highlights of the month
Ten Fatal Flaws That Derail Leaders
Why it is important: Great leadership is important, especially in these economic times. See if you are guilty of any of the 10 flaws.
This article is a summary of two studies on flawed management. It lists the 10 flaws that were common among the managers in the article. While reading this article, think about your management style and see if you have any of these qualities. Then empower yourself to rise above these flaws and become a more effective manager.
Click here to read the article.
Customer-Focused Cost Cutting
What it is important: Do more with less. But how customers define "more" and "less" is the real question. So you must know exactly what your customers needs are.
This strategy can be applied to reduce internal and external costs, especially in this crisis period. Nowadays, before you launch a product on the market, a "performance map" can be useful to identify the customers needs.
Also included in the article is a good example of how a company succeeded with innovation when considering customer-focused cost cutting.
Click here to read the article.
Master the Art of Working Remotely
Why it is important: You can't be everywhere all of the time. Learn how to effectively work outside of the office.
Many people are taking advantage of technology to collaborate more easily across large distances, and also to put their environmentally sustainable business plan into action. When working remotely, it is important to remember that clear and constant communication is essential. Read the article to learn some tips.
Click here to read the article.
Innovating for the Future - Sustainably
Why it is important: Innovation is an important factor when competing among businesses in your industry. Environmental Sustainability will grow in importance in the very near future. Start planning now to innovate if you haven't done so already.
This article teaches you how to understand the impacts of innovation on your company. It shows you how to leverage sustainability as a pathway to innovation, and how you can become a leader in your industry. Plus, you can learn how you can survive the recession and enjoy long-term growth.
Click here to read the article.
Willem Buiter on Eastern Europe
Why it is important: Europe is changing dramatically and we need to pay attention.
The threat of financial collapse has jolted the economies of Eastern Europe into surprising, non-Keynesian survival tactics.
Click here to watch the video.
Six Lessons CIOs Must Learn From Coke's Dazzling Innovation
Why it is important: Coke's new drink dispenser will allow them to gather information on their customers' preferences while giving the customers more choice.
Coke saw that soft drink sales were decreasing in all fast food outlets in recent years, so the comapny developed a new drink dispenser that allows it to test new flavors and beverage concepts. The dispenser allows customers to have more of a choice with up to 100 different drink combinations. The dispenser also has a feature that will remind the restaurants when they should reorder flavor cartridges. This innovation benefits the consumer, the manufacturer, and the reseller.
Click here to read the article.
George Soros: China a 'positive force'
Why it is important: Maybe you need to outsource your business? Is China the right place to do business in this global recession?
According to George Soros, the billionaire financier, "China is going to be a positive force in the world and the market, and as a consequence, its power and influence are likely to grow. Personally, I believe it's going to grow faster than most people currently expect."
Click here to read the article.
The leaders of Brazil, Russia, India and China meet to discuss the economy
Why it is important: Like it or not we are connected and depend on these nations. In next months issue we will update the status of their meetings.
The leaders of Brazil, Russia, India, and China (BRIC) are meeting to discuss the economy.
The leaders may discuss long-term plans to find an alternative to the dollar as a global currency. Another possible topic for consideration is trade in commodities: China and India are heavy importers of many commodities such as oil; Russia and Brazil are big exporters of raw materials.
Click here to read the article.
Understanding Online Shoppers in Europe
Why is it important: To understand how European web users buy online.
In some countries as in Germany and the UK, we can notice a broad segment for time pressed consumers and the 24-hour shoppers, whereas in France and Italy, shoppers are focused more on bargains, brand loyalty, and the store experience.
Click here to read the article.
Survey: The Internet's Place in Enterprise Priorities
Why it is important: The Internet is the future, this media is used more and more by small businesses everyday.
In this survey, you can learn what companies like most about the Internet and what they like least about it. The conclusion: even if consumers like the Internet, some companies are afraid of it.
Click here to read the article.
6 Ways Technology Can Help Your Business Survive The Great Recession
Why it is important: It would make sense to cut back on spending in this economy, but if you analyze your technology budget, you might be able to make some budget cuts on nonessential activities.
This article explains how you can cut and shift your IT costs to make the most out of your technology budget. Plus, with some of these options, you could reduce costs, become more environmentally sustainable, and improve service to your customers. Read the article for some tips on ways to trim the fat from your technology activities.
Click here to read the article.
Tweeting for profit
Why is it important: Twitter is now used by small companies as a "very powerful" marketing tool.
In this article, you can read the story of Kris Drey, the Vice President of product marketing at an online video hosting service. It is a good example of how your business can succeed with Twitter.
Click here to read the article.
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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.
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