Go East

Written by James Brown on . Posted in Global Briefing

Asia, holding over half the world’s population, is back on investors’ radars. After witnessing a lot of tangible, structural change in recent years, an acceptance of capitalism and capitalistic development and a yearning to align itself with the growth and expansion that China has enjoyed, is authorising the continent to take a more central role this year. Still comparatively cheap, investors are buying into markets like Taiwan and South Korea because they consider them global growth trades. Initially Donald Trump’s victory threatened to mar the case for emerging-market stocks, as America’s new president vowed to defend his country from trade-inflicted ‘carnage’.

The primary response of Asian stock investors was obvious - sell, fearing his protectionist trade style would harm the region's export economies, and rising rates and the strengthening dollar that followed Trump’s victory risked pushing capital out of the developing world. Where the US dollar tends to move; historically capital flows to the region are inclined to do the opposite. However, billions of dollars have been pumped into Asia and, in particular, its emerging markets over the last year.

Emerging markets are enticing fresh funds emphasising a tendency among investors to look further afield for returns as weekly inflows into emerging-market stocks came to $2.1 billion, marking a fourth straight week of gains. Economic data in Asia has steadied and waning concerns over potential US trade policy has helped lift equities, while the markets benefited from local currency strength. Foreign money is expected to increase and according to new research released by ANZ, capital inflows to the region rose to $US15.3 billion in March, and the United Overseas Bank foresees FDI inflows into ASEAN to surpass China for the first time this year. The existing absence of infrastructure investment, alongside the opening up of frontier ASEAN economies such as Myanmar offer huge possibilities for investors.

Ireland vs Cyber Crime

Written by James Brown on . Posted in Global Briefing

As hackers continue their virtual assault, robbing data and personal information in sectors extending from health care to retail sales, all industries will soon require specialists in digital security to fight their corner. In terms of which country is doing it best, Ireland is the unforeseen winner and pioneer of cyber-security.

Ireland has already established itself as a revolutionary technology hub, and cyber-security is another field in which it has the potential to lead the way. Today cyber-security is rarely out of the news, and while headlines cover alleged hacking of elections and enormous data breaches, cyber criminals present a real and tangible danger to small businesses and every type of company needs competent staff with the skills and knowledge to help lessen the risk. Ireland is fast becoming a European security hub with a substantial base of global technology and security companies not least because of its developing, skilled and flexible workforce.

Golden Times in Pforzheim

Written by Isabel Schmidt-Mappes on . Posted in Global Briefing

 Kollmar & Jourdan Building — housing the  Technical Museum of Pforzheim’s Jewellery and Watchmaking Industries  © TMP Photo Petra Jaschke

“Must haves” and “Must sees” at the city’s Jewellery Museum during the 250th anniversary of its jewellery and watchmaking industries and the reopening of its Technical Museum

Whether it’s timelessly elegant, lavish, sumptuous or discreet: jewellery is endlessly enthralling. At Pforzheim’s Jewellery Museum, a unique one of a kind location devoted exclusively to this topic; visitors can see precious originals of all genres from five millennia.

In 2017, the focus is all on Pforzheim’s anniversary: 250 years of its jewellery and watchmaking industries. It was 1767 when Margrave Karl Friedrich of Baden licensed entrepreneurs from Switzerland and France to establish a watch and not long afterwards a jewellery manufactory in the city’s orphanage. This was the starting point for a successful development and gave rise to Pforzheim’s reputation as ‘Goldstadt’ (Golden City), exporting jewellery and watches to many cities and countries in the world. From these two branches, modern precision technologies have evolved, such as medical, dental and stamping technologies.


Getting More Women into the Boardroom

Written by Henry Martin on . Posted in Global Briefing

Tech companies seem to have inherited the Earth from more staid and conservative sectors, such as financial services. They have broken the business mould in numerous different ways, but where they let themselves down is in the gender make-up of the boardroom. Given their hot property status and the likelihood many of these companies will have significant cultural reach and influence going forward, it is essential that the issue of gender diversity in the boardroom is placed centre stage from the outset, since once the ratio is set, it tends to become entrenched, and so institutionalised resistance to change develops.


"With only 7 percent of board seats on private tech companies held by women, and start-ups valued at $1 billion or more, known as “unicorns”, faring not much better at 10 percent, there is a clear need to recruit more female directors."


The Boardlist is a VC resolving to do just that, and in the process shatter the myth that recruitment to date has been based on merit. They firmly reject the notion of insufficient numbers of suitably qualified women, rather, believing the odds to be stacked against women because the recruitment culture and agenda is shaped by men.


WIN: Creating a Global, Authentic and Feminine Future

Written by Kristin Engvig, Founder & CEO WIN global leadership conference on . Posted in Global Briefing

Growing up on the turbulent west coast of Norway, surrounded by mountains leading to open seas, WIN founder Kristin Engvig understood at a young age how important it is for everyone to be connected, and to do something in their life that would leave the world a better place. Kristin knew that ‘going global’ was the right thing for her to do, and after receiving her degree in Business & Marketing from Oslo’s BI School of Business, she set out to pursue her MBA at SDA Bocconi University in Milan, Italy. She has also trained as an actress, and through the performing arts was able to research creativity and communication. 

The early stages of her career as an international strategy and global marketing consultant, helped form the foundation of what would later become WIN (Women’s International Networking). Since then, Kristin has travelled extensively and worked with women across all continents and employed her own strategic plan for the continuing evolution of WIN. Having started out with major multinational companies like JPMorgan, Citibank and Innovation Norway, Kristin realised that there was a gap in the workplace and in how we dealt with each other and the world at large. Working as a consultant with global companies, she felt that people should be able to bring their creative sides into the workplace.

This gap was transformed into a vision for WIN: ‘to bring a more feminine, global and sustainable vision to work, communities and life’. And this vision would in turn be transformed into a platform – a global annual conference to empower, develop and connect women leaders. From this initial platform, Kristin’s vision has developed into a mission: to provide a global networking and learning symposium that serves as a reference point for women working internationally, and connects them with organisations active in women’s leadership and diversity & inclusion.

Kristin pursues this mission throughout the year, hosting ‘mobilizing women events’ in various countries, and holding quarterly ‘corporate networking group’ meetings where professionals meet to discuss topical issues in the business world. An expert in networking, community building, and strategic partnering, she has become renowned for inspiring people to make a project or a dream, a reality. She frequently speaks at conferences for companies and organisations around the world and writes regularly about women’s journeys. In Kristin's own research and “journey life” (as she calls it), and essential to her vision and being, is her passion for family, community, creativity, acting, yoga, Zen, and continuous learning.


You Will Never Walk Alone – Managing The Customer Journey in 2016

Written by David Romero on . Posted in Global Briefing

“You will never walk alone” is the world- famous motto of Liverpool FC and also the main promise, in fact, the main value proposition, that we, at Altitude, bring to our customers. So, what’s the relation with the key trends for customer journey management? 

For years now, digital technology has made customers a formidable force. From smartphones to social media, technology has given consumers tremendous power to compare prices, complain loudly, interact with companies on a wider range of issues across a growing array of communication channels. Consumers’ relations with companies are now more akin to a journey where consumers take advantage of technology to evaluate products and services, test, add and remove choices. It includes a feedback loop where customers keep interacting and evaluating products and services during and after purchase, putting pressure on brands to perform and deliver an ongoing positive experience.


 "For years now, digital technology has made customers a formidable force."


But big changes are afoot. And here comes the “you will never walk alone” part, as companies increasingly can go beyond investing in new technologies and capabilities in a bid to be relevant and exert influence over how customers make their purchasing decisions. More and more, companies can actively shape those customers’ journeys and turn the ability to influence and support the journey into a critical source of competitive advantage, especially as overall customer satisfaction indicators continue to decline across industries.

Pictured : David Romero


Differences in Business

Written by Alyssa Bantle, Global Curriculum Manager, Intercultural & Language Training, Crown World Mobility on . Posted in Global Briefing

Cultural differences in business: tips for avoiding faux pas when working abroad

You’ve just started a new job abroad but how do you communicate? Should you be direct with the Germans but not with the Japanese? Should you avoid first names in Poland but use them in Australia? If an Indonesian asks about your weight are they being friendly or rude?

For people doing business abroad, and especially for those working on assignment, it can be a big surprise to find out how many cultural differences exist.

When it comes to understanding cultural differences in business, it’s one thing knowing the correct way to greet colleagues and formal guests. However, the ability to understand and adapt to business and social norms when working on assignments has become a skill of paramount importance.

 


Taking the Lead

Written by Online editor on . Posted in Global Briefing

Founded in 1997 in Milan, Italy, WIN (Women’s International Networking) was the brainchild of Norwegian social entrepreneur, Kristin Engvig. WIN is an independent global women’s leadership organization - one that inspires women worldwide. WIN has become the reference for modern women working internationally, conscious men and those organizations active in the field of women’s leadership (including personal leadership), development, diversity & inclusion.

The annual WINConference, is the organisation's primary activity and following this model, WIN has grown steadily year after year, with regional conferences and meetings worldwide. The Global WINConference has been attended by nearly 12,000 people from almost every country across the globe. The annual conference is designed for women and men who want to be part of shaping the newly emerging paradigm of achieving results through authentic action. 

Trump Must Now Show Clarity

Written by Nigel Green, the founder and CEO of deVere Group on . Posted in Global Briefing

Donald Trump needs to “tighten up and show real clarity” in his economic plan or he could spook the global financial community, warns the boss of one of the world’s largest independent financial advisory organizations.

Nigel Green, the founder and CEO of deVere Group, is speaking out after the billionaire front-runner in the Republican candidate race won New Hampshire and as he retains his national lead heading into South Carolina this weekend.

Full of Energy

Written by Henry Martin on . Posted in Global Briefing

The developing world is displaying huge potential to take part in and influence the global market, and Rwanda is a key, growing economy in the East African area, evolving into a lucrative hub for energy-related investments. 

Approximately 1.3 billion people worldwide don’t have access to basic electricity and energy poverty is a fundamental concern in Sub-Saharan Africa. However, renewables are helping to address this issue, with solar energy playing a crucial role. Research studying 55 developing nations in Africa, Asia, Latin America and the Caribbean found that last year investment in renewables reached $126 billion, an increase of 39% on 2013. Electricity was especially limited in Rwanda in 2013, with only 110 megawatts of capacity for its population of 12 million, causing a trade and industry blackout. 

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