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Category Archives: Globalization

Business success in the U.S. doesn’t guarantee international success

Today, companies large and small are expanding their operations globally for a variety of reasons: lower labor costs, the possibility of a skilled talent pool, and the anticipation of newer, more lucrative markets.

However, just because a company is successful stateside doesn’t mean that success will automatically translate overseas. MIT Sloan Professor José Santos, who teaches the MIT Sloan Executive Education program, Strategy in a Global World, says to succeed globally companies must expand their focus beyond traditional world views.

Tips for Making Your International Business a Success

A recent article in CIO magazine—“7 Tips to Help IT Leaders Make Their Business an International Success”—offers these guidelines for going global successfully.

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Heeding contagion—preventing another economic crisis

The U.S. is unflinching in its optimism and ability to move forward after a crisis, such as the 2008 recession. And yet the drawback to this reflex is the ability to quickly forget what landed us in the situation to begin with. As our economy recovers, we potentially risk a growing complacency and inadequate financial oversight.

Just months ago, the country of Cyprus made global headlines as their banks’ ballooning assets grew far beyond what the country could support. Losing over 4.5 billion euros, the Cyprian banks tried to repair the damage by confiscating secure deposits, affecting the assets and the trust of investors throughout Europe and Russia and causing a ripple effect of investment withdrawals. The contagious effects of this crisis are a warning of how interconnected we are, and how one failed system could halt economic recovery elsewhere.

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Mobile money on the rise

While the developed world continues trudging through a slow economic recovery, parts of the developing world’s economy are being rapidly transformed by a new form of disruptive technology: mobile money.

Mobile money—a cash management service available on mobile phones or the internet—is having more than a moment; it’s making a profound impact, powerful enough to shift economies across country borders. Studying the impact of mobile money in its most successful beta launch to date in Kenya can teach us a lot about the impact and adoption of disruptive innovations within a country and beyond its borders.

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