Globalization is Apparent

But I am not so sure according to this blog entry. Very confusing ...

Many companies tend to categorize sales by regions or markets, while others segregate government sales. Additionally, intra-company sales, and hence profits, are sometimes structured to take advantage of trade, tax and regulatory polices. The resulting reported data available for shareholders is therefore significantly less than the desired level for analysis.

Read more here: Foreign Sales - Love'em or Leave'em (Bloomberg Businessweek)

Note: I could not get the referenced PDF file report to open.

KFC's Parent Company Conquers the World

What's mightier or bigger than McDonald's? KFC's parent company, Yum! Brands, which also owns Pizza Hut and Taco Bell, has earned the exclamation mark on which it insists as the world's largest restaurant company -- is poised to grow fast in China, Russia and India.

With 37,000 restaurants in 110 countries, Yum! even eclipses that more famous icon of American colonization, McDonald's, to rank as the world's largest restaurant chain in terms of numbers of outlets.

Read more here.

Illustration credit here.

Posted by: The Global Small Business Blog

The Power of Entrepreneurship Spreads Globally

For those who missed the World Entrepreneur of the Year awards ceremony in Monaco recently:

The 42 countries represented at the event included China and several former Soviet-bloc nations - places where starting a private business was illegal not so long ago. In other countries, the weakening of traditional business structures, such as Korean chaebol, have created opportunities for smaller players. Tax and regulatory reform, the lowering of protectionist barriers, technological advances and the rise of the Internet, all have made it easier — though certainly not easy - to create and build a business.

Ernst & Young started the competition in the U.S. in 1986 and expanded it worldwide 10 years ago.

Read more here about how entrepreneurship goes global.

And don't forget about the World Entrepreneurship Forum (full disclosure: I am a member) which is the first international think-tank devoted to global entrepreneurship.

Posted by: The Global Small Business Blog