All Articles Tagged "Global Business"
(AJC) — For decades, boosters in Atlanta have touted it as “the next great international city.” Metro Atlanta has made significant strides, but anyone who has been to New York, London or Paris knows that substantial work lies ahead. But there is good news: Georgia may be on a path to a notable status, that of a “global hub.” What does this mean? The great Japanese strategist, Kenichi Ohmae, argued that in the 21st-century global economy, national economies matter less; instead, the relevant units are what he terms “region-states.” According to Ohmae, a region-state can be part of one nation or even span parts of nations (e.g. a Vancouver-Seattle region).
(Inc.) — We’re not nearly as globalized as we think we are, says Pankaj Ghemawat, a professor of global strategy at Spain’s IESE Business School and author of the new book World 3.0 (Harvard Business Review Press). In fact, says Ghemawat, who was a professor at Harvard Business School for 25 years, cross-border trade accounts for only a quarter of worldwide economic activity. And that number appears to be shrinking: In the wake of the recent economic crisis, many countries are retrenching and attempting to isolate themselves from foreign economic problems. That’s not to say there aren’t opportunities abroad. By recognizing that borders still matter, says Ghemawat, companies can better calibrate which markets and trading partners offer the best chance for truly global gains. Inc. contributor Ryan Underwood spoke with Ghemawat about how businesses should approach a global strategy.
(Wall Street Journal) — After spending two decades introducing fried chicken and pizza to Chinese consumers, Yum Brands Inc. now sees Africa as its next international jewel. By 2014, the Louisville, Ky., restaurant-holding company expects to double its number of KFC outlets in Africa to 1,200. In the next four years, it aims to more than double its revenue on the continent to $2 billion. “Africa wasn’t even on our radar screen 10 years ago, but now we see it exploding with opportunity,” says David Novak, Yum’s chairman and chief executive officer. The improved political stability of various African governments, the region’s vast population and a growing middle class in Africa—where chicken is a dietary staple—led Yum to set its sights on the continent.
(Washington Informer) — Black Americans perceive the occupational roles and personality characteristics portrayed on American media about Africa as real or true to life. Operating under gross delusions, Black Americans think of themselves as “the world’s richest Blacks.” But, if African Americans took at look at Black Africans they’d see who’s moving ahead in building wealth. South Africa is a nation of 50 million people. Seventy-five percent of the population is of Black African ancestry. Black South Africans are literally “sitting on (a) gold mine” South Africa is a country with an abundant supply of resources, well-developed financial, legal, communications, energy, and transport sectors. South Africa is ranked 25th in the world in terms of GDP. The country’s advanced development is significantly localized around four areas: Cape Town, Port Elizabeth, Durban, and Pretoria/Johannesburg. Beyond these four economic centers, development is marginal and poverty is still prevalent and the vast majority of South Africans are poor. Unemployment is extremely high and South Africa is ranked in the top 10 countries in the world for income inequality.
(Market Watch) – At a plenary session on empowering women at the Clinton Global Initiative, Muhtar Kent, chairman and chief executive officer of The Coca-Cola Company, today pledged to empower 5 million women entrepreneurs throughout Coca-Cola’s global business system by 2020.
This pledge builds upon a commitment made by The Coca-Cola Company in 2008 to the United Nations “Business Call to Action” to grow the Company’s Micro Distribution Centers (MDCs) in Africa. MDCs are an independent network of entrepreneurs who distribute Coca-Cola’s beverage products to retailers, often by bicycle or pushcart. At last year’s Clinton Global Initiative, the Company committed that 50% of all new MDCs would be run by women. The Company is well on track to achieve both targets as part of its commitments to the UN Millennium Development Goals.