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These may not all apply to your business but it's certainly worth a look to anticipate challenges ahead.
Here are the ten:
- Regulation and compliance.
- Access to credit.
- Slow recovery or double-dip recession.
- Managing talent.
- Emerging markets.
- Cost-cutting.
- Nontraditional entrants.
- Radical greening.
- Social acceptance risk and corporate social responsibility.
- Executing alliances and transactions.
Globally, business is generally experiencing an upswing.
Read the entire article here.
Posted by: The Global Small Business Blog
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2 comments:
We would love to take our business global, but #6 on the risk list (cost-cutting) is our biggest issue. Ours is an artisan business that focuses on high-end home decor products. We take great pride in what we make but the cost of shipping is just too much to overcome at present. An alliance would be a great thing, but there again, #10 on the list pops up. For smaller businesses, globalization is even more of a challenge, but hopefully one that can continue to see solutions.
I think Cost Cutting should be no. 1 on the list as money moves everything in the business world. The case here is that consumers are demanding for cheaper goods and in order to make ends meet, businesses are forced to outsource work offshore - creating a cataclysmic wave of problems that starts with unemployment. But that's the price we have to pay for doing business not only globally, but on a flat world.
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