The classic American outfitter, J. Crew, currently available only in North America and Japan, has plans to spread its global wings through a new agreement with Net-A-Porter that will take them first into Canada and next into the U.K."We're not capable of shipping outside of the United States," Lyons explains. "We have received an overwhelming request from our customers to be available overseas."Jenna Lyons serves as J. Crew creative director.
Sometimes you have to take time out to ... well ... mix your own granola!
The light at the end of the tunnel is ... exports that take your business global.
Working on strategic global marketing plan for your business? Trying to figure out how many of your particular widgets are sold in a specific overseas market? Finishing up a term paper for school that requires the latest foreign trade balance? Just curious as to where the numbers are at and what it means? Look no further.
An old research document (11 pages) by Michael Porter (pictured) that is still relevant to our times. Porter is generally recognized as the father of the modern strategy field. He shares where and how to compete globally.Alliances are a tempting solution to the dilemma of a firm seeking the home-base advantages of another nation without giving up its own.
What a great job to have! The U.S. has asked UPS to help double exports for small and medium-sized U.S. businesses. UPS will use shipping data to identify those SMBs.President Barack Obama set a goal of doubling exports to more than $3 trillion over the next five years to help create or support 2 million American jobs.A lot of the above stats can be found at UPS Business Monitor.Less than 1 percent of America's 30 million companies export, which is significantly less than in other developed countries, the Commerce Department said in a statement.
Of those that do export, 58 percent export to only one country, providing what U.S. officials see as a big opportunity to expand exports.
How mobile are you? What kind of global tech user are you?Is Facebook your window to your social world? Is your mobile device the last thing you put aside before shutting the light out at night? Or does the deluge of digital information leave you flat and the ring of your cell phone leave you cranky?Find out what kind of user you are at Pew Internet by taking a quick quiz here. The range is:
The Joseph C. Wilson Professor of Business Administration at Harvard Business School, Rawi Abdelal (rabdelal(at)hbs.edu), is the author of Capital Rules: The Construction of Global Finance (Harvard University Press, 2007). He pens this piece as well:Short snippet here:
After Putin became Russia’s president in 2000, Goldman Sachs predicted that Brazil, Russia, India, and China would soon be among the world’s most important economies and coined the term BRIC. However, Russia’s economic growth, which averaged a healthy 7% from 1998 to 2007, has been undermined by the global economic crisis. Russia’s economy was projected to contract by 6.8% in 2009, according to the OECD, and Brazil’s by 0.8%, while India’s and China’s were projected to grow by 5.9% and 7.7%, respectively, despite the global recession.
Is Russia in danger of falling out of the BRIC grouping? Would companies be better off entering other emerging markets, particularly given the complexities of doing business in Russia? How do companies craft successful Russia strategies?
More here but you must subscribe or buy a single copy PDF to read the entire piece.
Another good resource is: Doing Business in Russia by the World Bank Group.
And this might be helpful too:
[PDF: Immediate download]
Since July 20, 2004, we have posted more than 1,000 times at The Global Small Business Blog (http://borderbuster.blogpost.com). We hope you will follow us for another 1,000 posts! Many thanks.
May the Year of the Tiger bring you good health, much happiness and great prosperity.
Some folks don't think so.The administration’s National Export Initiative calls for a 20 percent increase in next year’s budget for the Department of Commerce’s International Trade Administration, bringing it to $534 million. This would enable ITA to hire up to 328 trade experts to help U.S. companies find customers in foreign countries, with a particular focus on high-growth markets like China, India and Brazil.Read more here.
The ITA aims to help 23,000 businesses to start exporting or grow their international sales next year. Over the next five years, the agency is shooting for a 50 percent increase in the number of small- and medium-size businesses that export to more than one market.
The administration also wants the Export-Import Bank to increase the financing it makes available to small- and medium-size businesses from a record $4.4 billion last year to $6 billion next year.
Ex-Im Bank is an independent federal agency that provides loan guarantees, export-credit insurance and direct loans to finance sales of U.S. exports.
According to The Altimeter, like demographics or psychographics, companies must now understand socialgraphics, which answers five key questions:1. Where are your customers online?What is socialgraphics?
2. What are your customers’ social behaviors online?
3. What social information or people do your customers rely on?
4. What is your customers’ social influence?
5. How do customers use social technologies to learn, make decisions, and support your products and services?
Socialgraphics is how to measure how customers use social technologies, where they are online, and how it influences them in the context of the customer life cycle.Learn more here. This piece might be helpful as well.
Lance Armstrong's philanthropic organization, LIVESTRONG, is taking its product line global. His company creates the iconic yellow bracelets (pictured) and other goods such as clothing and accessories.“We’re excited to embark on this new phase for LIVESTRONG and Nike,” said Lance Armstrong Foundation President and CEO Doug Ulman. “Lance’s return to cycling drew the eyes of the world to the fight against cancer and Nike’s support is allowing us to spread the message of hope and perseverance to new markets all over the globe.”Read more here.
Since 95 percent of the world's population resides outside the United States, I thought you'd like to know what you are missing out on if you run a only a local business.
Technology is shrinking our world into a smaller, easier place to do business and is fundamentally reshaping our lives. Here are ten reasons why going global is advantageous to your company.
With Kraft's recent acquisition of Cadbury (take a visit, it's fun), will all the world love the Oreo, especially in emerging and other international markets Kraft is not in?
As reported by our friends and colleagues over at The New Entrepreneur, BusinessWeek, Commerce Secretary Gary Locke pledged $6 billion a year in export financing for U.S.A. small businesses through the Export-Import Bank of the United States.
As the global economy mends, business spending on technology goods and services is returning -- at least that is what Ben Worthen and Don Clark claim in "Tech Spending Bounces Back as Profits Rise," published in the Wall Street Journal.The economy has entered a new "phase of the recovery," said John Chambers, Cisco's chief executive, in a call with analysts, adding that he planned to hire up to 3,000 workers in coming quarters. "This is one of the most robust positive turnarounds I've seen in my career," he added.The tech world according to Google:
Before he (Google CEO Eric Schmidt) got into the nitty-gritty of this year’s outlook, Google announced that revenue was up 17 percent in Q4 2009 ($6.7 billion) and up $23.65 billion for all of 2009 (for a net income of $6.5 billion).The tech world according to NetSuite:
Having had a dreadful start to 2009, NetSuite announced record earning for the fourth quarter and year ended 31st December, 2009. From the release:“Total revenue for the year was $166.5 million, a year-over-year increase of 9%. Total revenue for the fourth quarter was $43.0 million. Revenue from the Americas for the fourth quarter of 2009 was $35.0 million, while revenue from international regions was $8.0 million. NetSuite added approximately 295 new customers in the fourth quarter.
The tech world according to IBM:
Moreover, IBM's full-year 2009 earnings of $10.01 per share were up 13% year over year, and net income of $13.4 billion rose 9% from fiscal year 2008. Earnings for the year were a record, despite the worldwide recession. Full-year earnings surpassed the Zacks Consensus Estimate of $9.88 per share, as well as the company's own guidance of $9.85 per share.
The company's spectacular amount of new services contract signings and a pick up in corporate IT spending figured into the improved guidance for fiscal 2010. Historically, IBM has raised its guidance for almost every quarter in the last two years. For fiscal year 2010, the company again raised its EPS guidance to $11 per share, up from a previously expected $10-$11 per share range last month.
The tech world according to Microsoft:
Microsoft posted a bigger-than-expected 60 percent increase in quarterly profit on Thursday, helped by strong sales of Windows 7, and said it expected business technology spending to recover this year.
The company said net profit came to $6.7 billion, or 74 cents a share, up from $4.2 billion, or 47 cents a share, a year earlier.
The tech world according to Apple:
TechTip2U Powered by: VerioFor the three-month period ending Dec. 29, 2009, Apple posted earnings of $3.4 billion, on a revenue of $15.7. Compared to the year-ago figures of $11.9 billion, that amounts to $2.3 billion in net quarterly profit.
Apple shipped 8.7 million iPhones — more than double compared to the year-ago quarter — and 3.4 million Macintosh computers, up 33% from a year earlier.
Lots of good tips here on how to grow your business in a flat economy but we particularly like Tip No. 2:Explore outside the local and domestic market. When it comes to horse racing, for years the leading buyers destination was Dubai thanks to the wealthy investments by the Royal Family. With Dubai in flux, many investors have backed off. Finley has been exploring Ireland now instead. “We were one of the first to buy and bring back horses from Ireland,” says Finley. “Now we have Irish investors interested in us.”Read more here.
Why is it so hard to learn a foreign language?Learning a language sometimes seems as difficult as dieting. The solution is to figure out how to stay interested after the novelty wears off.For an option, go here.
Our friends and colleagues over at globalEDGE have put together a neat little online tutorial on Global Marketing.
Apple's new iPad (pictured) is here and we most certainly will have to wait to see if it becomes another global game changer. Read more here.
