Facebook? Myspace? Twitter? Which one of these websites have you heard of? Thanks to a provided through , findings show that most of the developing world has not only heard of these social networking sites, but they are spending an extraordinary amount of time on them. Without a doubt, social media has evolved from a way to simply connect with friends and share ideas, to a commercial opportunity for corporations to connect with people in new and different ways. However, there is another important aspect to consider in this exploding industry: How have social media websites impacted the work culture around the world?
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Each culture has its own set of and rules to live by. By growing up in one culture, it can be difficult to properly acknowledge and understand another. Most cultural errors made by businessmen and women start with simple things like business dress, appropriate conversation, or how to address someone. Since business etiquette varies between cultures all over the world, it is very important to be humble and open to learning. Here are some of the most common errors made by businessmen and women today.
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International expansion is certainly no small task for companies around the world. Recently a of a Dome manufacturer highlights a few lessons that can be applied to any product or industry. Domes International is a United States-based firm that manufactures round structures molded out of fiberglass. They are used in a variety of applications including housing, offices, schools, military barracks, and warehouses.
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Time for another blog series! I'm pleased to announce we'll be having a culture week here on our blog. This week we'll be discussing many exciting topics covering culture ranging from social media on the internet, to common mistakes in business settings, to the future of global culture.
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Heineken has that it will be buying the beer operations of Femsa, a large beverage company in . The beer industry has experienced several acquisitions this past decade, so this move was not exactly a surprise. Many brewing companies have done this to tap into different markets across the world.
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The Czech Republic is rising as one of the premier tourist locations in Eastern Europe, primarily due to the draw of Prague. Prague, the largest city and capital of the receives over 4.1 million visitors annually. It has served as the political, cultural, and economic base of the Czech empire for over 1100 years. Overall, the income from tourism composes a significant portion of the Czech GNP (5.5%), and makes up 9.3% of its overall export earnings. Tourists that visit the Czech Republic overwhelmingly choose Prague, with over seventy percent of total tourists choosing to stay there. So what makes Prague so appealing to tourists that it can generate a substantial portion of the Czech Republic's GNP?
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Owning a business that operates internationally provides multiple opportunities that a local business may not. On the other hand, all the meetings, trade shows, and other important events you have may not take place near your office. This is where traveling by plane, train or automobile come in. If you , you can reduce your company’s costs. Fasten your seatbelts; this could be a bumpy ride.
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Women around the world have often felt gender inequality when it comes to finding a job, especially in the business field. However, with changes in technology and the global enconomy itself, the way is changing as well.
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Recently, Doug Barry of the U.S. Commercial Service, interviewed Rich Steffens, who is head of the Senior Commercial Office in the . In the interview, Mr. Steffens describes the learning curve required to effectively market and do business in the Ukraine and the larger former Soviet bloc. He also describes the major industries and natural resources which shape the way business is done, and the future markets that might emerge there. He also describes ways in which the U.S. Commercial service can, and has provided assistance to those seeking to do business in the Ukraine.
Check out the of the interview, or read the !
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In India today, there is a plentiful supply of up-and-coming entrepreneurs. With the advent of microfinance, less privileged communities throughout the world are given opportunities to start businesses in conditions that would otherwise be impossible. So, what is microfinance? Microfinance is the practice of making credit available to individuals in the form of small loans, who would otherwise not have the required income or collateral. The loans generally require in-depth involvement by both the lender and other community members.