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Introduction
As the economy grows slowly at home, your business
may have to look at selling internationally to remain
profitable. Before examining foreign markets, you have to
be aware of the major trends in international business so
you can take advantage of those that might favor your
company. International markets are evolving rapidly, and
you can take advantage of the changing environment to
create a niche for your company.
From a technical perspective, trends involve looking at
the statistical analysis of historical data over a selected
time frame and charting the progression. If the data
suggests consistent increases, decreases or even
constancy or flatness, there exists a trend. Businesses of
all sizes use this kind of data to help predict the future or
help shape strategic decisions.
The trends businesses are usually most concerned with
are those related to their finances. Measuring increases
and decreases in revenues, expenses, margins and profits
are the lifeblood of businesses. Examining a company's
financial trend can help owners, managers and investors
become aware of the company's situation and needs as it
plans for the future.
These trends may also relate to the performance of
market indicators. If other companies in a particular
market sector are performing better or worse, it may be
an indicator of how a private business in the same field
may fare.
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IT AS A UTILITY
The cloud
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Open source
Community resources beyond software
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2. Sugar CRM
3. Dolibarr
4. Vtiger
5. OpenCRX
Going private
SOX workaround
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Behavioral Economics
Freakonomics, anyone?
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High Potentials
Nurture, nurture, nurture
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Competing on Analytics
Well beyond the gut level
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Reverse Innovation
R&D closer to global markets
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Sustainability
Green is good
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Stakeholder engagement
Environmental management systems
Reporting and disclosure
Life cycle analysis
Conclusion
From the above discussion we can conclude that we have
to identify a trend that impacts our markets or our
operations, we can plan actions that counter the trend if
it is harmful or support it if it is beneficial. We have to
evaluate the size, direction and trajectory of a trend
before we can react to it.
We have to use latest technologies like cloud computing
and to give more importance to customers than anyone.
A satisfied customer is the best business strategy
of all.
(Michael LeBoeuf)
An organization should be innovative and thats the main
reason why Facebook is most popular social networking
website today with with 1.4 billion active users.
An organization must be competitive. As jack welch says,
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References
http://www.ft.com
http://www.zdnet.com
http://mydl.itweb.co.za
http://www.bloomberg.com
http://www.strategy-business.com
https://hbr.org
http://www.informationweek.com
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http://www.information-age.com
Harvard Business Review 2010: A Year of Management Ideas
(Magazine). The link is given below:
https://hbr.org/product/harvard-business-review-2010-a-yearof-management-ideas/10456-MMC-ENG
http://www.businessweek.com
http://www.forbes.com
http://www.businessinsider.com
http://www.businessnewsdaily.com
http://www.theguardian.com
http://www.businessknowhow.com
http://www.fastcompany.com
http://www.whatiseconomics.org
http://www.totaralms.com
http://lexicon.ft.com