International Business Article On Brexit and What It Means For Us?

. In a recent poll, Americans feel (by a 4:1 margin) that the UK’s decision to leave the European Union is about anger and dissatisfaction.

The main reasons the UK voted out were: immigration and donation. The UK’s immigration is three times higher than the government-set targets. And in the EU, the UK is a donor nation…which means it contributes more to the EU than it receives in hard currency.

But what does all this mean for Americans? There are many international business videos that may offer advice. But how do we start?

Start with personal investing. Stock markets overreact to news like this, and a general feeling of insecurity can abound. Investors are looking for safe places to put their money, and right now, the UK isn’t one of those places.

Insecurity in personal finances breeds fear in business deals. Investment bankers have been reporting that deal flow has all but halted. If you are negotiating with a British firm now, you will be delayed or even stopped by the paralysis.

•Pound Down

As the Brexit process plays out, the British Pound will continue to drop against the relative value of the dollar. Hotels. British goods. Even companies. We can use fewer dollars. Thus, if your firm has a healthy appetite for risk, now may be a good time for an acquisition in England.

•British Recession

This is likely. And lets not forget what effect Greece had on all the world markets. Greece has 11.03 million people and the UK has 65 million (6.5 times larger). Imagine the effect a bad recession in the UK would have on world trade, stock markets, travel and interest rates?

•New nationalism

What is happening in the UK could happen elsewhere. Scotland and Wales have already made rumbles about staying with the European Union. Other countries are considering whether or not the EU is in fact a good deal for them.

•End of the British springboard

Many a U.S. firm has expanded internationally by first going to the UK. The thought behind that (right or wrong) was that the countries both speak English which cuts down on communication errors. Additionally, since England was part of the largest single market in the world, firms could gain a foothold there and expand into the continent. With the antagonism that accompanies the Brexit (after all, they are leaving a club) British goods may not be that welcome.

•Advice for US firms

Shore up your deals in the UK with contingency plans. Make sure you have a way out if recession or even fear take over in the negotiations.

Spread your risk. Make sure the the UK isn’t your only European ally. Investigate Scandinavia, The Netherlands and other countries.

Deal in dollars. Use the dollar for your base currencies in all deals. Pay the conversion fee but bank on the safer currency.

Remember, its a British decision, not ours. We can take the opportunity try to be politically neutral.

Work with countries on an individualized basis. Even if (e.g.) Sweden stays in the EU, remember that are still Swedish, with their own language, norms and value systems.

International Business Advice – What Happens When Firms Don’t Translate?

Take a look at this international business video and learn in 1 minute what can happen when a firm fails to translate their materiel!

Global Business Video-How Do Executives Handle International Business Demands?

Many times, U.S. companies want to sell their products overseas, but aren’t willing to make the required investment to do it right. For primary markets that a firm is really wants badly, going cheap isn’t advisable. But it can be done less expensively — if you get a partner, and if you’re careful. International business videos can help!

5 Questions Every Executive Should Be Asking Themselves – Big Data Video

It is the duty of executives to asses the overall health of their companies. This is no easy task. Assessments can become quite complex and overwhelming. Start out simple: Ask yourself these 4 questions to determine what area you should be looking at. Having trouble answering these questions or unsure of your answers?

China Devaluing Currency And What It Means For Global Business

By now, everyone has seen the news that China has devalued its currency. This means the Yuan Renminbi is weaker. When you exchange currency, you can now buy more Yuan for each dollar spent. If China is really the world’s second largest economy, than the Renminbi (People’s Currency) effects world markets. China is always accused of currency manipulation. Who is to blame? Who can be blamed in international business?

This is being criticized by every foreign government and many businesses that trade with China. After all, if Chinese money is weaker, that means that US products sold into China become more expensive. Take the example of Mandarin Oranges for sale in China, but imported from the USA. An 8 kg box costs between $20 and $30. With the weaker Chinese currency, this could cost 25 percent more this year. Thus, the imported oranges are more expensive and the Chinese will buy less of them from the USA, critics say.

On the flip side, items we buy from China will cost less. Importers of (e.g.) Chinese toys will pay less. If the US importers keep the price constant, then the importers will benefit and make more money.

Here is the problem. If your firm is selling a price-based commodity to Chinese buyers (rice, soy, oil, hogs, corn, cotton, etc.) your sales may suffer because your price is too high.

But if you are selling iPhones or BMW’s, the higher price may not matter. Higher prices may even work as an advantage, because the products are more expensive and hence more prestigious. Are we really going to once again, blame currency instead of the real problem….our laziness to go after and service global markets efficiently?

Global Business Video – Who Gets The Best Deal In International Business?

The savvy leader is inclined to search abroad for any and all potential new markets for their product or service. New markets offer the possibility of increasing total revenue and/or decreasing the costs of goods sold, thereby increasing profits. Entering new markets may also allow a company to follow its existing customers abroad, attack competitors in their home markets, guarantee a continued supply of raw materials, acquire technology or ingenuity, diversify geographically, or satisfy the stockholder’s desire to expand.

In many cases, with many companies, it is survival. There simply isn’t enough domestic demand to keep many firms in business, without going overseas.Hence the need for International Business.

Once management has made the decision to expand and has determined the target market or markets, the next question is obviously, “how”. Selecting a mode for entering or expanding in a foreign market is one of the most crucial strategic decisions that can be made by a company. Weighing all factors and choosing the proper mode of entry can result in huge competitive advantages, while making a poor decision can lead to the demise of the company.

Often, international people without the knowledge base or the necessary contacts are tasked with “going international.” 99% of the time, they will fail.

Foreign market penetration can be done by a variety of different methods; each possibility should be assessed before the process begins.

3D Printing And Big Data – The Marriage Between Them

data in business

Big Data and Business – Quick Video

Data is being created and consumed everywhere!

In what ways does data affect your life today?

Global Business Video – How Do You Spot An International Business Fraud?

How Do You Spot An International Business Fraud? Quick 1 Minute Global Business Video

Three 3D Printing Trends To Watch For Early 2016

2016 looks to be a breakout year for the industry as senior executives’ eyes are on the technology’s potential. The industrial market for 3D printing real end-use parts looks poised to begin its long growth run, with far reaching implications. 2016 will likely usher in 3D printing’s first “killer apps,” impacting both product design and supply chains. No matter what, 2016 will be a year when leaders across industries will be compelled to pay close attention to the emerging opportunities and disruptions that 3D printing is creating.

Here are eight 3D printing trends to watch in 2016.

1. Consumer Market Drop

It appears they may be late to the party. 2015 marked the end of the 3D printing consumer market hype cycle with Stratasys (the acquirer of MakerBot) taking massive write-offs and 3D Systems shutting down its entire consumer unit in December. With prospects dimming for the short-term consumer market, attention will quickly turn toward 3D printing’s area of greatest promise — industrial applications.

2. Pushing The Limits Of Technology

While GE and Ford have touted their rapid progress with 3D printing, many others are achieving some incredible accomplishments.  Look for exciting announcements about exotic new 3D printing materials such as glass and graphene and 3D printed objects that shatter the previous limitations on shape and size. These “big area” 3D printing machines hold the promise of manufacturing an entire airplane wing structure or blades for massive wind turbines in a single print.

3. Outsourced 3D Printing Gains Share

Most internal design shops have access to an in-house “pro-sumer” 3D printer. But despite advances in the technology, these printers remain difficult to use, often result in print errors, and are subject to traffic jams when everyone wants to print something at the same time. As the speed and sophistication of external providers has increased dramatically, with some now guaranteeing 24-hour production/delivery, many engineers and designers are ditching their internal printers in favor of a external service providers. Many firms feel they don;t have to buy a machine at all.