Archive of ‘Business’ category

Elements Of International Trade

While most of the measures in the international import export business is in contracts and agreements between companies or individuals, the terms of these agreements may be influenced by legal stipulations that control business relationships. The majority of countries have regulations which determine how products might be imported or exported. However, many also are ruled by global treaties. These might have an impact on your international import export company, too.

Though a lot more than a trade treaty, the european union does affect international import export businesses, particularly those that work within European union countries. The EU created a single economy with a single currency, that simplified economic dealings. It also wiped out controls on movements of people, products, services, and capital within its member countries. It’s simplified trade both between European union countries and between European union and non EU (third world) countries.

The North American Free Trade Agreement which went into effect in, 1994, is a local agreement between the United States, Mexico, and Canada. These 3 countries decided to phase out tariffs on material goods and to reduce restrictions on trade in services and on foreign investments. NAFTA has considerably simplified international trade between these three countries, with the relationship between Canada and the US becoming especially close. A lot of international import export companies in the US trade mostly with Canada.

Going Forward…

The Association of Southeast Asian Nations (ASEAN) is like the european union in the sense that it has a very large number of signatories (10) and it created an economic and geopolitical organization. It was founded to encourage economic development among its member countries. Recently, ASEAN has discussed a free trade area among its member countries, that’s a prelude to more complete economic integration. Tariffs between ASEAN’s member states are lowered, though they retain the right to charge non ASEAN countries what ever tariff percentage they want.

The TRIPs agreement favours developed countries as coupared to developing countries. This is because the developed countries hold large number of patents.

…And Even More International Trade Things

As the agreement on TRIPS extends to agriculture they have grave implications for developing countries. This transfers all the gains in the possession of MNG due to their vast financial resources and expertise.

Bilateral and multi-lateral trade agreements between individual nations or between these larger groups of nations are increasingly common as the global economy becomes more. Many of these new trade agreements include free trade or reduced tariffs between the signatory nations. The objective is to make international import export freer and also more profitable for everyone involved.

The World Trade Organization (WTO) is not an international export import organization,, but a global body that helps to set the rules of the game for international trade. The WTO is committed to keeping trade flowing as freely as possible without undermining national government authorities or endangering people or the environment. The organization’s agreements are discussed between member nations and have been concluded by the best use of countries on the planet.


Business Ethic?

Ethics is the set of moral principles or values that define right and wrong. It is more than that though. It comes in your conscious. Most people can automatically tell what the right thing to do is. However, much of one’s values is dependent upon his or her background. If a person was not taught how to be ethical as a child and had no role model to look up to, his or her sense of morality may be quite different from the norm. A person with strong ethics is most likely to be hired by a company, retained, promoted, and happy. Knowing that you have made the right thing cause produce the sense of happiness.

People live their lives under the standards of right versus wrong behavior. This is considered their personal set of moral standards or ethical principles. One’s morals and values are essential parts to the level of ethics he or she has. In fact, morals and values illustrate one’s character. Ethics also illustrates how one thinks and behaves towards others and how one would like them to think and behave toward them.

A Few Other Things

This book helps you apply an ethical decision-making model. It also helps you learn vocabulary, ethical skills, and tools that can be implemented to everyday business decisions. This book teaches the basics of business ethics. The goal of this book is to ensure a comprehensive yet accessible introduction to the ethical issues arising in business today.

Ethics provide guidance for individuals on how they’re to conduct themselves on a daily basis. Often, the choice of what is right and wrong is unclear. When one is dealing with a tough choice, they may want to look to others for examples or advice. Since ethics is founded on one’s morals, their religious beliefs may help them in determining what is right versus wrong. Also, following the social norms and traditions of society can shape their decision making.

Since ethics are founded on one’s moral standards, his or her beliefs regarding one’s religion, philosophy, or culture. These factors influence how one judges what is right versus wrong. A good way to maintain one’s ethics in check is to be honest, open, and truthful, and don’t do what you would be ashamed of if it was televised. This type of behavior is based on the premise of personal virtues.

This book helps in the preparation of a personal ethical code. It likewise presents a four-part section on becoming aware of ethical temptation and compromise, the fundamentals of ethical logic and using ethics as an avenue to a happier life.

Determining what is right versus what is wrong can be stressful and difficult at times. Having a personal ethical foundation can guide a person through ethical dilemmas with ease. Again, the foundation of the ethics is one’s morals. Morality provides a moral compass, a sense of personal direction, and a practical guide to making choices in life based on one’s values and background.

Most parents bring up their children to know right from wrong. However, there are often children who’re raised in a bad environment with no moral support. These individuals grow up not knowing right from wrong. This concept isn’t ingrained in their head like a normal person. Instead, individuals with poor backgrounds who’re not raised with positive morals, must learn or be taught in school or through life experiences what is right versus what is wrong.

The article,’ Do Objective Moral Standards Exist in the World Today? ‘ By Johnson, describes the distinction between morals and ethics: ‘Actions (or morals) that are right for one person aren’t always right for another person. This argument is a type of subjectivism, as it is being argued that each individual determines what is morally right for him or her. Often people will try to say that because people behave differently, there are no moral absolutes. ‘

There are two basic types of individual ethics. One is based on duties. Whether based on philosophy, religion, or social responsibility, the theory is that ethical standards conform to moral absolutes. The other system is based on outcomes. The most popular form of the results or a consequences-based system is the Utilitarian point of view. In this case, the ends justify the means; the goal is to perform the greatest good for the largest number of people. This usually proves to be a cost-benefit analysis that should be carefully analyzed by upper management.

Ethical behavior is based on cultural influences. Cultural influences, such as family, education, religion, friends, and the media affect one’s background. These influences create one’s values, shaping their ethical foundation. It is often important to search for a role model who’s got a strong set of ethics. Watch how they handle sticky situations, and learn from their ethical behavior. Practicing to be like them on the basis of their ethical values may take time, but the longer you act in the ways you believe your role model would act, the easier it is to be a person with strong ethics and possibly a person that others look up to.

Whatever ethical standards we have established for ourselves are with us twenty-four hours a day. There is no different set of business ethics. Our personal ethics come to work with us.

This book offers you a sound introduction to ethical theory and issues engaging readings on many of today’s most hotly debated topics. The book has 52 classic and contemporary articles as well as three case studies.

At the pre-conventional level of moral development, people make their decisions based on selfish reasons. There are two levels to this ethical style. The first is punishment and obedience, avoiding trouble for yourself. The second is the instrumental exchange state. This is where you worry less about punishment and more about doing things that directly advance your wants and needs.

Those at the conventional level of moral development make decisions that conform to social expectations and norms. They look to others for guidance when it is a question of ethical decisions. Ethical principles encourage managers and employees to take others’ interests into consideration when making ethical decisions. This makes answers to decisions more well-rounded.

Ethical behavior is necessary in doing business especially when decision making is a moral responsibility.

Ethics are directly correlated with values. Values drive a person’s behavior. These in turn affects organizational behavior. Behavior is a variety of reactions according to different stimuli, involving people and situations. Ethical values, such as compassion, goodwill, and love, are behaviors brought forth by cultural influences. The level of humility and affection one manifests are two results of these values.

When people share similar standards in a community, they build a cohesive value system. The terms morals and values are often used to say the same thing – a set of personal principles by which one aims to live their life. When a person tries to formalize those principles into a code of behavior, they’re actually adopting a value system.

Moral values and principles do transcend and cross over into other aspects of people’s lives. While we may not realize it, most people are shaped or partially formed by their belief systems – whatever those systems may be. These values may be a part of us as a person, and other things such as society, culture, and current beliefs can influence them.

The characteristics of humility and heart in relation to ethics can be seen in a wide variety of ways. A person who’s got a strong character will be most likely to obtain encouragement one person offers another in the organization, for example. It also can be seen in the manner in which an individual aligns his or her ethics with the organization’s mission. Organizational behavior is directly related to the experiences and cultures of the employees in a company.

In order to have sound business ethics it is essential to also have sound individual ethics. However, I would like to point out that just because an individual has good personal ethics does not mean they could make good ethical decisions within an organization if they’re limited experience in the field they’re making the decision. In fact, it could actually work in an opposite way. Outside of this, studying business ethics on an individual level can benefit that individual in several ways. First and foremost, studying business ethics on a personal level will assist in recognizing ethical dilemmas and using the tools learned to solve the issues recognized. In addition, studying business ethics can help an individual with coping with conflicts between organizational leadership beliefs and personal beliefs.

The benefits of studying business ethics in society and the rest of the world of business as a whole coupled with learning ethics on a personal and business level really boil down to four contributions. These four ethical contributions benefit the business, society, employees (individuals), and the rest of the world of business: employee commitment, investor loyalty, customer satisfaction, and profits. When employees are committed, they’re happy and get to maintain ethical conduct on a personal level, because the people they work for are ethical. When a business is ethical, investors aren’t afraid to invest in the company because they know they’ll make a profit. Customer satisfaction is a necessity to making profit, as a society. All of this in the land of the business begins with the foundation of studying and learning business ethics. One key contributing factor can sum all of this up, social responsibility. This covers what is fair, just, or in keeping respect within the framework of the world of business ethics.

Employees with strong ethics are in high demand. Their conscious is cleaner. They are easy to trust, and they can easily build strong relationships with their supervisor, customers, and co-workers. They can be given more confidential work since the company truly trusts them. Their future is brighter, as they’ve got a better chance at raises, promotions, or more important responsibilities.

There are many situations that arise that are shades of grey rather than black and white. It can be difficult to tell right from wrong at times. Building yourself a framework to decide how to deal with those sticky situations will help. Create a system that is tailored to your needs.

A person’s personal ethical code affects his or her personal life. It also creeps into one’s professional life. The ethics that are employed in one’s professional life are established by one’s personal virtues, morals, value system, beliefs, and cultural influences. Having strong ethics helps with decision making and one’s growth in his or her moral development or ethical profile.

This books shows you how to bridge the most formidable obstacle to an ethical life: ourselves. Everyday we’re faced with choices that enrich or impoverish our personal character. The choices we make in life and the way in which we make them illuminate the paths out lives will take.

Ethics are an important element of our individual integrity. When our ethical principles are strong, we can weather the storms of uncertainty that arise, both in the home and the working world. Personally, I have been told that I am ‘too honest’ as I have given myself guidelines to follow. It has been necessary for me to temper them with business sense, as well, so that I can work effectively in my current position. I have come to realize that certain things can be compromised without me loosing my integrity, while in other areas, I need to maintain a firm resolve and stand my ground.


Innovation – Random Ideas

It has always been my dream to own a secondhand bookshop. When most kids were looking forward to driving fire engines, dancing in the ballet or catching criminals, I was planning the layout for my book racks. I love to read and I loved the notion of a quiet environments. This allows others to assess the literary accomplishments that humankind has made. At the age of 31 my book store dream became a reality. When the economic changed dramatically during my fourth year of business, however, I almost resented my chosen occupation as a result of the financial hardship that had fallen upon my shoulders. I never would’ve thought that innovation speakers would be what helped me out of this tough time.

After I first read Robert Kiyosaki’s book Rich Dad Poor Dad I thought to myself, ‘Yikes! I need to make some changes. ‘ This book changed my mindset completely, as it has many others. But it was only the beginning for me. It’s easy to read that book and feel motivated to make changes. Since I finished that book I’ve started 4 businesses. 2 of them in real estate property, and 2 more online businesses. The thing I love about all of them is because they have minimal startup costs. The online businesses especially. Starting businesses for under $1000 is great, because even though they fail its not a vast deal. I’ve spent thousands of hours learning to grow these businesses on my own and through various training programs. The really important thing I learned was that marketing and innovation are where it is at. They are without a doubt the arrow keys to success in your business. Nothing else matters if you cannot market or innovate. Nothing.

Perhaps you have seen this great quote from Peter Drucker. ‘ Because the purpose of business is to develop a customer, the business enterprise has two– and only two– basic functions: marketing and innovation. Marketing and innovation produce results; all the rest are costs. Marketing is the distinguishing, unique role of the business. ‘

Going Forward…

You of course need marketing to show people that your good or service is available. Without good marketing no one cares enough to ever purchase your product or service. Once you are a good marketer you can apply this to any business. When I launched my first business, I thought I knew a bit about marketing. By that I mean, I knew how to say to potential customers,’ Here is my product and this is the price. ‘ And I knew how to prove that to a few people offline. What I was unaware of was how to make people want to view it and wish to buy it. Moreover, I was clueless on how to perform this online, besides making some easy Kijiji and Craigslist ads. Then I did something incredible. I started to educate myself in online marketing. I have a very different approach to my businesses now. Your business, whether it be an offline or online business, needs internet exposure in the year 2013. You need to beat out your competition too, its not adequate to simply be there. This requires education. I cannot say enough about having compelling headlines and good copywriting, not to speak a simple, well designed website. You will not understand these things without some first hand experience so it is not always easy. Entrepreneurship is not meant to be simple, of course.

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Innovation is a key to being able to actually sell your products. Innovation deals with creating products or services that are new, better and different, but more importantly solving problems for your prospects. An ‘innovation’ is useless if it does not help your prospects in any way. I thought I knew this before. However, I wasn’t implementing this fully in my businesses. The number one rule here is to stop thinking about ways to help your business grow, and instead think about how you can help your customers grow or solve their problems. Your business will grow even more as a consequence of this. Serve your customers needs and demonstrate that you care about them. Always be serving their needs instead of yours. Your marketing will be so much more simplified when you do this.

More About Innovation

I have always kept a community board in my store where artists and other professionals can list their services. There are several innovation speakers who post their contact information there and I think some random advertisement must have caught my eye and stuck in my mind. Dwindling profits and an increasing overhead had definitely created a great need for both innovation and inspiration. I started researching innovation speakers online to see if I could find one that delivered a message saying that would fit my needs, as a small business owner.

I was surprised to see that innovation speakers and leadership speakers can be beneficial for everyone. There is such a wide range of innovation speakers and leadership speakers to choose from, that nearly every professional can find someone who’ll address their specific need. The information pertaining to individual leadership speakers and innovation speakers was so extensive, I recall feeling as though I was learning a lot just by screening them.

When my business slowed down I found that I had a great deal of time on my hands. I used a good part of this to hear the words of leadership speakers at local conferences and events. These individuals helped me to change my perception of myself as a business owner. This was when I began to realize that although I was a bookseller, I didn’t need to conform my business methods to the ways of other booksellers. Leadership speaker’s main messages taught me how to be an innovator in my industry. I was able to start the search for new ways to cover the needs of my customers even though their capacity to spend money on what I offered had been dramatically reduced.

I was so struck by the information that I received from the innovation speakers, that I began searching for innovation speakers to take the floor at my book store. I invited a set of tenants who leased under the same commercial building as my store. I was able to book a leading innovation speaker at a very affordable cost and several of the other small business owners who attended were near tears when the session ended.

The information that leadership speakers supplied, gave them such hope through their difficult time. This also brought my people into my book store. This was good for my business. These speakers enabled me to utterly change the way I do business. Now I am even more successful than I was before I suffered through the economic downturn. I offer free coffee for paying customers and store visitors. These I can afford to do. I have created more comfortable and relaxing reading areas and have even started specialty sections for out-of-print titles, antique books and foreign languages.


International Trade – Understanding The Intricacies

A trade lawyer was up to the lists of international trade lawyers. By explanation, Trade Lawyers, as well as other attorneys on earth, are here to aid in determining how business should be carried out in various industries. Usually, companies have an interest in having services and products across geographical borders, with international trade attorneys at the helm to provide help as well as advice in order that businesses are able to make trades that abide by what the law states even while benefiting from exactly what the law can give as well. International trade attorneys exist to settle no matter what issues may come up from an international transaction or if the company has been submitted to unjust rivalry. International trade attorneys can analyze suggested adjustments to international laws. These include examining how the proposed adjustments can affect their customers’ opportunities and activities. A trade lawyer must also be able to get a positive stand regarding shaping agreements, protocols in relation, and programs to trade as well as commerce on an international degree.

The aspect of international commerce and trade frequently involves different legal systems which include a minimum of 2 countries. What a large number of people do not comprehend however is that even if the US is a main participant in a wide variety of international industries, it is not the standard for laws and practices of nations nor will US regulations determine international responsibilities and privileges. It’s the task of a trade lawyer to assure that his particular customer can understand what is going on within different legal environments. The involvement of a trade lawyer in any deal can be for interpreting international trade laws, programs as well as contracts; knowing the conduct of international trade; and also conquering problems or obstacles that may take place throughout international business and trade.

A trade lawyer is most appreciated for his power to predict and prevent problems, as with many places to do with the law though. It is possible for a customer to win during lawsuit over any argument but this victory can come with public relations, resource prices, and fiscal. Lawsuits on its own have expenses therefore keeping away from one entirely can help in keeping a client’s finances straight. Why invest if you are able to steer clear of spending, right? It will be the work then of every trade lawyer out there to get a good grasp of exactly what their customer’s company is about for them to anticipate requirements, collaborating with the customer in creating business techniques that are practical, and apply whatever ideas or options are decided on to further improve business flow and steer clear of circumstances that may turn into problems.

Business consulting in the land of the international trading is a necessity for any company that wishes to become an international trade company. A good consulting company can offer you translating services, lawyers, cultural training, and so on, without which it is very hard to practice business overseas. Trying to work in a foreign environment without experts can be harmful to the prestige of your men, so having business consulting for working overseas is a must for any business. Business consulting isn’t just useful for international businesses, though. Consulting can help with any variety of activities, from construction, technology, human resources, or logistic. Consulting firms help your company deal with problems so you don’t have to go through the long, cost-intensive process of hiring and training an expert. When problems come up, they often need to be fixed immediately, and this is one of the major benefits of your business using business consulting firms. These experts also can help you save money where possible, by applying their expert knowledge of a subject, and make more money in all that your business does.

Investigating More About International Trade

Financial services and financial planning are also extremely useful to any company, but especially one who wants to operate internationally. Professional stock-analysts, brokers, and financial lawyers can help shield your company from harmful lawsuits, and create additional revenue streams with sound investments in both the national and foreign markets. For working in foreign markets, it is important that you take a consulting firm that has expertise in financial planning and financial services overseas, and in the specific country or region that your company wants to work in. Good financial advice is useful for any business, not just those that work internationally. Financial services can provide your business with a way to achieve lower taxes, claim exemptions and make every dollar stretch further. The ability to save money anywhere possible is essential for the survival of a business especially in tough economic times like this. Financial planning experts can help your company set up sound investment and stock practices, help you perform cost benefit analysis on various aspects of your company, and find the best means to shave off unneeded expenses and increase your profit margins. Proper financial planning has only become more useful in the past several years with an unstable stock market and economy. This trend looks to continue far into the foreseeable future.

Since a trade lawyer must be trustworthy, it’s obvious then to find one which is conscious of what he is doing. You may help make sure that you are obtaining a trade lawyer who can really take good care of you by validating credentials completely. You may also bank on somebody with a bunch of years in the market because they possess experience as a valuable tool.


Entrepreneur – Making A Choice

I remember when I was young. If you know anything about my story, you know I grew up a bit rough. (you can learn more about it here) Because I did n’t have a great deal of parental guidance I made the poorest of choices.

I remember some buddies of mine at the time and myself thought it’d be a good idea  to steal a car. I was only about 14 years old. We went from neighbor to neighbor looking to see if either of them had left their keys in their cars.

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I’ve learned that the entrepreneur is adventurous. The entrepreneur is n’t afraid to adopt a risk. They live life on the side and they love the view.

A Crowd of Information On Entrepreneur

It’s this spirit of adventure that drives the entrepreneur. If you’re reading this, there is a good chance that you’re a business owner. If not maybe you’d like to be. Click Here to start your own for just $25 bucks.

The entrepreneur realizes he’s in control of his economic destiny, and that the only way is entrepreneurship.

It’s because of the entrepreneur the United States of America flourished and became among the wealthiest countries in the world. Only after, the government approved the Prussian school system did there start to be more employees than entrepreneurs. The sole purpose of the present school system was to produce employees and soldiers.

You always heard your parents say go to school so you can have a good job (Just Over Broke). You never heard them say go to school and get to become an entrepreneur. Empower Network is that school.

The entrepreneur does things that flies in the surface of conventional wisdom. He goes against the norm. He colors outside the box.

Its’never crowded in the arena of adventure. When you start to cross that line, when you smash through that barrier, you’ll experience a magnificence most never will.

The entrepreneur loves to be told, it can’t be done , or, you don’t have what it takes.  The entrepreneur is a master at proving the people wrong.

Entrepreneur’s aren’t special or better than anyone. They’ve just been trained, and so can you! Click Here Now to get started. Anyone can be an entrepreneur.

This is a vehicle that provides you with a business for only $25 and teaches you how to be an entrepreneur. It’s one of the major schools of entrepreneurship in the world.

It may take some time to learn some new things. Some new mindsets. It will probably take you longer to unlearn some things. After you GET IN, do whatever your mentor tells you. Become a student. A good student. Do your homework. The more homework you do the less work you’ll have to do later. The more you’ll enjoy.

Part of becoming an entrepreneur is taking ownership of your business. When you own your business, you take greater care in ensuring that things run smoothly. You take more stake in the day-to-day of the enterprise.

If you have already spent some time building a business, then you’re probably aware of what you are good at and what you are not. If not, take some time to think about your strengths and weaknesses. Consider taking several strength assessment tests, particularly if you ar unsure.

Doctors go to school for years, studying hard, with no monetary gain, believing that one day they’ll be rewarded for their efforts.

Athletes do the same thing. They train hard day in and day out with the dream that one day it will all be worth it. They do their homework first before they receive the money. Learn the power of being an entrepreneur.

The employee mentality is security driven. They want a chance to climb the corporate latter. The entrepreneur wants to own the latter.

The entrepreneur is n’t driven by money. They are driven by value. The entrepreneur is n’t satisfied with the way things are, and refuses to serve on the side lines and do nothing.

Being an entrepreneur is about doing all you can to make life better for others. It’s about serving as many people as possible.

If you ‘ve read this far don’t miss this-The majority of why people don’t make it as an entrepreneur is because Their excuses are more potent than their dreams.  That’s a security mentality.

If you want freedom, you’ve got to let go of security. If you do you’ll live a life that most never will.

The entrepreneur has the capacity to fail successfully. They embrace failure because they know it ‘s the only means to succeed. Employees are hired not to fail.

Losers quit when they fail. Winners fail until they win. Don’t let your fear be worst than the fight.

The entrepreneur abstains from immediate gratification. They can function without money. The entrepreneur spends imagination before they spend money. The entrepreneur works for free.


Innovation Trending

The Innovation Index is a publication that is available each year that showcases a composite ranking of countries with regard to their accommodation of innovation: both in environment and outputs. By comparing these values you can get a sense of how the various economies are faring, and extrapolate the efficacy of various innovation styles. The index for 2013 is being composed by INSEAD, Cornell University, and the World Intellectual Property Organization.

In 2011, an advisory board was established to provide guidance on the collection of the innovation index and experts in all fields. These experts are from international companies, academic institutions and government offices throughout the world, and come together to contribute their expert advice on the process and the results of all of the innovation index data. Creating such a diverse and balanced view for the project affords another level of credibility that allows the innovation index to hold more weight than it otherwise would have. For businesses that are looking for international trade partners or if they’re in the search for a country to launch a new branch in, using this index becomes an invaluable piece of data across their puzzle. Obviously innovation isn’t the only factor. However, for most companies it is a key factor.

And, Another Thing…

Once all of the data has been complied for the innovation index, the statistics are audited by the Joint Research Centre of the European Commission. This extra step ensures that the information is carefully screened for errors that may have otherwise affected the merits of the report. Combining all of these factors, the experts, the top institutions that author the advisory board, the report, and the audit, allows for the innovation index to be a valuable tool for information regarding global innovation practices and effectiveness.

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The key difficulty of leadership innovation is the lack of knowledge of unsuspecting CEOs that don’t understand that they have to be in constant engagement with and nurturing of innovation until it becomes an institutional culture. In most institutions, Top Leaders that don’t grow aren’t aware or do not take time to cope with innovation; and committed CEOs can face resistance to change and do not stay long enough for the innovation culture to take hold.

Crazy Things About Innovation

The framework of the innovation index is composed in a structured manner to permit easy comparison to previous years. Starting with the first section that shows the results and explaining the underlying conceptual framework for the rational of collecting and analysing the data. Boiling all of this data from the various inputs down into a simple average allows for comparison on pillars or categories that consist of: Institutions, Infrastructure, Market sophistication, Business sophistication, Knowledge, technology outputs, and Human capital and research, and Creative outputs. The data that goes into each of the above categories is then divided even further into three sub-pillars for each main pillar (and then 3-6 indicators for each sub-pillar). These tables may take a bit of time to read and understand, consisting of 84 data points, but they provide invaluable data on global innovation, once you learn how to interpret them.


Entrepreneur – Just The Facts

What is an entrepreneur? According to Wikipedia, an entrepreneur is an individual who has possession of an enterprise, or venture, and assumes significant accountability for the inherent risks and the outcome. To translate it into simple terms, an entrepreneur owns a business of which the entrepreneur is in charge of the risks and outcomes. To be an entrepreneur, one has to possess defined characteristics of an entrepreneur.

Entrepreneurs typically have some special traits, or characteristics. It is this that separates the true entrepreneurs from people that call themselves entrepreneur. However, there are likewise many factors that make an entrepreneur, e.g education, skills, money and others. Regardless, one of the most important thing that most successful entrepreneurs have is their outlook.

Fun With Entrepreneur

So what is this entrepreneur mindset? It is how the successful think. It is the ticket that will pave the way to the success for you. It will be that transport to carry you closer to financial freedom. And without an entrepreneur mindset, you will not go very far before crashing and ultimately, taste loss.

Makes you wonder!

The first trait that successful entrepreneurs have is confidence. They think they can do what and everything. They believe that they can do it good. You can see all successful entrepreneurs’ confidence. They are always looking good and talking calmly in the look of the public. They glow when cameras are rolling and mics are everywhere when the normal public will be trying to hide their faces.

Let’s Continue This Analysis

Next, to be a successful entrepreneur, you’ve got to think positive. Thinking positive has many benefits, including the ability to provide for the future positively and taking good and positive actions, such as making a good decision.

Leadership is a rare characteristic. It is very difficult to find individuals with good leadership qualities. This is because not many people dare to take responsibility, or take the lead. Alan Keith of Genetech once said,’ Leadership is ultimately on the creation of a way for people to contribute to making something extraordinary happen. ‘ Precise and right to the point.

Leadership Skills. How can a business run smoothly without staff members to get on with the proper flow? An entrepreneur must serve as a good model in the area of leadership. He must have the capacity to influence people and lead them into action.

To be a good entrepreneur, you ought to be a leader. You must be able to guide, direct, influence and affect people. This way, all your business problems can be overcomed with ease.

All businesses involve risks. There isn’t a single business in the known world right now that is 100% risk-free. You cannot make money if you’re not prepared to take risks. If you’re not prepared to take risks, then you’re bound to fail in the business world.

This is an undeniable characteristic that all entrepreneurs MUST have. Let’s face it, would you give your money to some stranger that guarantees you to make 1000% profit on the street? No you would not. Maybe if that stranger asked for $10 dollars or he convinced you with hard facts, you would, but that came out of the case. As the expression goes,’ Honesty is the best policy. ‘ Every one likes honest and trustworthy people.

Being honest and trustworthy is regarded as one of your most important characteristics. It would take years to build your credibility and honesty. However, it would take only a few seconds to completely destroy your image should you do something dishonest.

Your passion fuels your actions. And your actions make money. Any entrepreneur should be passionate about their business to be able to perform well. You must maintain your enthusiasm and interest in your field. For example, when making money online is your passion, you would not feel working even if you stick yourself to the monitor 24hours a day.

Your passion makes it easy for you to act. Working no longer means working when you work with your passion. It just means doing something you like. If you like to play games and playing games is your 12-hour job, it surely would not feel like working 12 hours a day.

No, I do not mean you need to have exceptionally high IQ to success. But what I mean is that an entrepreneur should be clever and witty in all your business dealings. You have to prove that you’re concentrated and 100% focused on your job to be able to gain your clients’ respect and trust.

The world is a mean one. Scammers are out there somewhere, preying for a weak target everyday. To resist being scammed or being duped, an entrepreneur should be smart and be alert of who you’re dealing with. If not, you would eventually suffer some uncalculated losses.

These are one of the only characteristics of a successful business entrepreneur. These characteristics will, no doubt, help you overcome obstacles you may be required to face when you’re operating a business. And without these characteristics, your business may eventually fail and you’ll have to assume the losses.

What if you’ve got the main characteristics of an entrepreneur already? Then study the market, find a solution or make a product, get some capital and you are ready to make a killing in the ever-changing world of business.


Business Ethic Debunked

Business ethics is a relative term, and can be looked at from various angles, all equally rational and valid. There are many economists, sociologists and philosophizers who’ve defined these ethics in their own way and from different perspectives. One of the most simple ways to explain business ethics is that business ethics are a code of ethical conduct. Adherence to which is expected out of organizations that work in a particular society, so as to not harm members of such a society or the society itself, in any manner. Earlier, the sole motive of all organizations was profit maximization. Today, profit maximization cannot be achieved if ethics or morals applied in that business are compromised on. Importance of business ethics in employment and in society is a key study for all of us who owns a business, or believes in being a thoughtful and informed customer.

In every business, there comes a time when profit maximization and social issues meet at a common junction. If at that time, the social issues are compromised on, there is a break of ethical code. To make this more simple, let’s assume that organizations are people. This is the case under most countries including the United States where companies are legally considered as persons. If that person, for his personal benefit, decides not to comply with the norms of society or doesn’t deliver as promised, he is guilty of his actions. This is where business ethics come in to the picture, to avoid a clash between personal gain and social benefit. Business ethics are a term of today, having been formed somewhere around the 1970s. The history of business ethics and its co-relation with other economic and commercial terms is discussed below with some examples. These will help give you a good understanding of the term.

More About Business Ethic

Now, if we see birth of the term business ethics, it’s pretty much contemporary. But, the whole idea has evolved through ages and can be traced back to quite a few decades if not centuries. In the olden times, slavery was allowed and finally it was banned. There was an entire era of colonialism, today we cannot even think of something on those terms. There have been wars and those wars have traditionally been out of one simple interest, more power which would only be done through a lot of profit. The businesses in olden times were seldom responsive to the communities where they flourished. There was monopoly on a massive scale and sometimes, there were likewise no ends in order to satisfy the needs. Eventually, we had economic laws that formed better ways for efficient co-existence. From 1970 to somewhere around the mid 80 ‘s, there were more than 500 courses that were started to cope with academic survey of the term business ethics. In 1980, emerged the Society for Business Ethics and about seven years later, business schools in Europe started with the European Business Ethics Network. With so much hype around the term, somewhere around the 1990s or perhaps a little before that, various companies and organizations started advertising how they’re morally bound to their business ethics. This was to respond to the various scandals arising out of not following the business ethics.

According to economist Milton Friedman, corporate executives’ responsibility… Generally will be to make as much money as possible, while conforming to their basic norms of the society, both those embodied in the act and those embodied in ethical custom’. Today business ethics are much more defined than they were before, and that too from different perspectives. Today, fiscal policies are made keeping in mind the ethics rather than only the law. The funds have to be maintained ethically and the use of these, again, needs to be made correctly. Human resource is another area that is directly linked to the business ethics. The business should in no manner hamper the sake of the workers. Policies have to be formed keeping in mind the say of the trade unions. Recruitment, selection and promotions have to be undertaken keeping in mind only the action of the individual. Marketing of a specific product or service needs to be done keeping in mind the society where these businesses function. Business firms shouldn’t market or advertise or promise anything that they cannot deliver. Every society has different set of standards and regulations which a business needs to understand to function efficiently and of course, ethically. A lot of companies and corporates were against the strict following of these business ethics earlier. However, today there is The International Business Development Institute that offers a Charter in Business Development (CBD). This charter states what exactly are, and are not, business standards and practices.

Let’s assume that there’s a company called A that deals into manufacturing of fairness creams. This company starts advertising that after using this cream, the customer would be in a position to achieve fairness in just 7 days. Most of the time, this is not true and the disclaimer is a test of these. These companies started advertising in terms of shades fairer than just fair after the whole hype about code of ethics in business. Business ethics in pharmaceutical industries are the best to study. First, the medicines have to be effective and deliver results as per promised. Second, they shouldn’t have any short or long term effects. Third, they shouldn’t be very expensive as the common man is the customer that we’ve to response in the end. Now, let us take an illustration of a service rather than a product. From time to time, there are offers that companies come up with for the benefit of the customers. One such commonly seen offer is the free delivery of certain food items, if not delivered in time. Here, the size of the provisional and the region where the order needs to reach should be properly explained so that the society isn’t mislead. If it does not reach on time, the order should be free in all terms.

A strong customer ethic must guide your business, even if it means losing money at times. A customer should feel special every time they’re serviced.

Employees come first to be in a position to serve the customer better. Once an employee feels they’re capable of helping the customer without limitations, the customer can be helped well.

Some academics argue that business ethics is but the want of drawing equilibrium between relativism and idealism. Business ethics also gave birth to corporate social responsibility (CSR) that dealt with the social responsibility of corporates towards communities and the wellbeing of society at large. I hope this information helped you understand what are business ethics, properly and clearly.


Should You Invest in Twitter?

twitteripoinvestSocial media companies everywhere are wanting to IPO and Twitter land is all about it. In fact, they’ve already IPO’d. Twitter debuted on the NYSE in 2013 admist a wave of confusion leading up to their IPO

TWTR surged in its first day of trading, closing at $44.90 a share, up 73% from its initial price of $26 per share. The stock was down nearly 5% the next day.

So- the big question is- should you buy or should you invest somewhere else?

Henry Blodget, a well known guy in the industry said …… “Stay away,” and then want on to say “At $45, Wall Street is assuming that Twitter is going to do about $3 billion of revenue in two years…that’s possible but I don’t think it’s likely.”

Twitter has not really found a way to monetize themselves yet. But if they do, they could earn massive numbers. Which is why we’re seeing twittafinancingmixed opinions about whether or not to invest. Personally, I think it really comes down to a few things:
– do you have the extra cash at hand
– do you like social media and believe in a future full of smartphones and connectivity

But let’s be honest people, stock market news always has its hypes. In reality, the only people who are ever going to really make money from the company are the people who were in on the ground floor. They’re millionaires and billionaires now.

“Someday people will understand that just giving everyone a massive gift on the IPO isn’t actually success,” he opines.



International Trade – Some Background

Maruti Suzuki is one of the most effective and fastest growing automobile companies. Hence, International trade is the extremely important to facilitate globalization.

International trade law is practiced by every country. This area of law was not in lime light from a long period of time but as the globalization is increasing this law is gaining its pace. Various universities are studying on international trade law. This profession law is now emerging and soon it will be the most promising sectors. Hence a career in this part of law could be the right thing to do for a bright career. Because this is the least attended area there are only a small number of institutes in the country who’re emphasizing on International trade law.

But, there’s so much more to consider.

International trade law is good for those aspiring students, who want to study international trade regulation, analyze WTO laws, investigate international law leading the economic ties between countries, and examine free trade treaties and bilateral investment then international trade act is a right decision. For this field of law there are major area that are given proper attention over the course like practice and harmonization of international commerce, dispute resolution mechanism, carriage, sales, sales transaction, cargo etc, and its implementations etc. International trade law demands highly aimed students as it’s one of the toughest areas of law.

More Random International Trade Stuff

Most of the law schools that are providing education in the area of international trade law also provide scholarship for law students. This is extremely helpful for students in their academics and their professional life. Scholarships for law students help them to remove the most lucrative opportunities from the market. Colleges focusing on international trade law are among the best colleges of the country.

Liberalism also emphasizes international trade. Here it claims that captalism provides mutual gains that come from international trade. From this trade all nations will prosper. The trade is also a way of keeping peace. Key believers in the conception of Liberalism are Adam Smith, Immanuel Kant, and John Locke.

Being the untapped area of profession international trade law is among the most lucrative and promising sectors of law. Investing career in this area of trade can make career brighter.


Entrepreneur: News

You have worked hard and planned for retirement and here it is staring you squarely in the face. Reaching this point can be either a blessing and a curse. You eagerly anticipated retirement. However, you have some nagging doubts about what retirement holds for you.

Perhaps, the major doubt you have is financial. Modern medicine has had a significant impact on your retirement planning. When you formulated your retirement savings plan 30 years ago, you didn’t believe that you might live as long as you probably will. You want to enjoy a long, healthy life, but in doing so, you could potentially outlive your retirement savings. The answer to this dilemma-become an entrepreneur. Working after retirement can substantially extend your retirement savings.

Well, if you become an entrepreneur after retirement you’ll be in good company. Several studies indicate that the fastest growing group of entrepreneurs are aged 60 and older.

And, to add to the discussion…

Just what is an entrepreneur? The word comes from the French word ‘entreprendre’. This means ‘to undertake’. Let’s get a definition from the Merriam Webster Dictionary. It defines entrepreneur as ‘one who organizes, manages, and assumes the dangers of a business enterprise. ‘

More Random Entrepreneur Thoughts

Don’t let this scare you. It is an occasion for you to expand your horizons and to become your own boss. Possibly, this has been your long term dream.

Some people wonder if they’re too old to become an entrepreneur upon retirement and if being over 60 is too old for entrepreneurship. Recent studies show that the odds are found in the favor of the older entrepreneur. Recent studies show that 22 percent of males and 14 percent of women over 65 are self-employed. That’s compared to just 7 percent for other age groups.

According to a Vanderbilt University study the number of entrepreneurs age 45 to 64 will increase by 15 million by 2006. This is compared to a four million decline for entrepreneurs age 25 to 44.

According to a 1998 survey of baby boomers conducted by the American Association of Retired Persons (AARP) 80 percent of respondents planned to work beyond retirement age. 17 percent of those planned to launch new businesses.

The same study noted,’ Self-employment among American workers increases with age, with the most dramatic jump occurring at age 65. ‘

Older entrepreneurs have an advantage over younger entrepreneurs because older entrepreneurs tend to have more experience to draw from and more assets with which to fund a business. The bumps and scrapes of life are a stern teacher.

More information can be obtained in a report published by Barclays Bank entitled’ Third Age Entrepreneurs-Profiting From Experience’. The report shows that older entrepreneurs are responsible for 50 percent more business start-ups than 10 years ago. This amounts to approximately 60, 000 business start-ups last year alone.

The Barclays survey also revealed that today’s third age entrepreneurs (entrepreneurs over age 50) do not mind putting in the hours required to develop their business. Nearly 49 percent said that they work an average of 36 or more hours per week.

The third age group rated holidays, lack of stress and a balance between labour and home life more significant than their younger counterparts.

The report further showed that only 27 percent run the business as the sole source of household income, with 51 percent supplementing their pensions.

Other key findings showed that third age start-ups account for 15 percent of all new businesses. Third age entrepreneurs are three times most likely to be male than female. The downside is that many businesses fail during the first few years and older entrepreneurs may be less able to process the financial loss than younger entrepreneurs.

If you lose everything at age 25 you have time to recover. However, it’s a much bigger hit to lose everything at 65.

Years ago, the title ‘entrepreneur’ is said to have been worn by a man, but times have definitely changed. This artice is gender neutral, for you women entrepreneurs.

Information published by the Center For Women’s Business Research indicates there are over 10 million women-owned businesses in the US, employing 18 million people, and generating $2.32 Trillion in sales.

Women start businesses at two times the percentage of men, and women-owned businesses account for 28 percent of all businesses in the United States. Women represent about 775, 000 new startups per year and represent 55% of new startups.

In the past 25 years the amount of women-owned firms in the US has doubled, their employment has increased four-fold and their revenues have risen five-fold.

All the statistics should convince you that you should get a hard look at becoming an entrepreneur as your retirement job. You will be in good company.


The Brilliance Behind Innovation

Innovation is today’s buzzword. Almost everyone is to seek ways to innovate in their business, their goods and services and their delivery. After all-innovation fuels distinction, and distinction fuels market advantage. When you have cut as much as you can from the cost side of the equation-the only other option is to introduce. And that is what we all want to do.

Why? Because even as we think about innovation-that thought is bounded by our past beliefs-unless we shift. That’s especially true when we are experts in a specific arena. We make assumptions about the points of innovation-where we should innovate, what is innovative, even what keywords we should search on to find innovation ideas-based on our expertise, and our past.

How Can This Be?

We innovate in place around our Gravity. That very expertise that helped us grow now becomes the Gravity that keeps us circling.

Taking a step back….

The touchpad interface of the iPhone and iPad: Apple did not ask’ How can I make a better keyboard for my phone? ‘ Sure-they had experts in that. They asked a different question’ How do I change the way we interact with our devices? ‘

Innovation?? More Considerations

The hybrid car: These did not come along because some expert said’ Let’s build a more efficient gas engine. ‘ Someone asked’ What other fuel can I use for power?? ‘

Unless we throw out our knowns, step outside of the boxes we have drawn around ourselves and our businesses, reach out for radical new insights-we will not innovate. We’ll circle again and again, adding incremental value, playing the game of leapfrog with those around us. And that’s OK too. It’s just difficult to follow the market when we are making small jumps.

Perhaps you have seen this great quote from Peter Drucker. ‘ Because the purpose of business is to develop a customer, the business enterprise has two– and only two– basic functions: marketing and innovation. Marketing and innovation produce results; all the rest are costs. Marketing is the distinguishing, unique role of the business. ‘

You of course need marketing to show people that your product or service is available. Without good marketing no one cares enough to ever purchase your product or service. Once you are a good marketer you can apply this to any business. When I launched my first business, I thought I knew a bit about marketing. By that I mean, I knew how to say to potential customers,’ Here is my product and this is the price. ‘ And I knew how to prove that to a few people offline. What I was unaware of was how to make people want to view it and wish to buy it. Moreover, I was clueless on how to perform this online, besides making some easy Kijiji and Craigslist ads. Then I did something incredible. I started to educate myself in online marketing. I have a completely different approach to my businesses now. Your business, whether it be an offline or online business, needs internet exposure in the year 2013. You need to beat out your competition too, its not adequate to simply be there. This requires education. I cannot say enough about having compelling headlines and good copywriting, not to speak a simple, well designed website. You will not understand these things without some first hand experience so it is not always easy. Entrepreneurship is not meant to be simple, of course.

Innovation is a key to being able to actually sell your products. Innovation deals with creating products or services that are new, better and different, but more importantly solving problems for your prospects. An ‘innovation’ is useless if it does not help your prospects in any way. I thought I knew this before. However, I wasn’t implementing this fully in my businesses. The number one rule here is to stop thinking about ways to help your business grow, and instead think about how you can help your customers grow or solve their problems. Your business will grow even more as a consequence of this. Serve your customers needs and demonstrate that you care about them. Always be serving their needs instead of yours. Your marketing will be so much more simplified when you do this.

Go watch and talk to persons in industries that have anything to do with what you do. Forget looking at everyone who knows what you know-find someone who’s innovating in a whole different market, product, customer, or service base. One of the best ideas I ever had for my business came when I was helping a client in the networked marketing nutrition business. I’m not going to share that one-because I’m not quite ready to launch it. But ask yourself-what does consulting and coaching have to do with nutritional marketing? Pretty diverse-and that is exactly why I got the idea.

Write down the specific aspects about your business you ‘d like to innovate. Now-go see what totally different industries are doing around those specific aspects. For example-if you are in the cellular phone business and you are focused on better customer service approaches at your retail level-go to your favorite restaurant-that place where the service rocks-and watch them in action. Look for the concepts behind the actions-and then apply those concepts to your business.

A conception could be the seed out of which will establish something new that will make life easier or even more exciting. It could be the onset of a new and best way of conducting a particular action, the one that will get better, faster, or even more appropriate results. The person or perhaps the organization with this specific innovative concept is more prone to find success by introducing innovation in business procedures.

Recognize what you do not know. Your expertise may not be transferable. Expertise in one area doesn’t mean you can innovate in another area. For example, let us say you have always sold services and now you are adding some products to the mix. Go find product experts to help you innovate. Forget thinking you can figure it out because you are an expert in services and your market. Your expertise does not apply. So find somebody who can ask you the right questions to help you innovate in a new unknown way.

Watch your Customers. Someone told me this week that customers do not know the innovation they want. Maybe that’s true. But they’ll tell you the shift in perspective you need to commit your knowledge and skills necessary to find the innovation. If you are thinking from your customer’s viewpoint-you are already closer to innovation than you’re standing in your own status quo. Get out there and get into their place and perspectives.

Innovation only happens when we shift out of our knowns and into a new place-of thinking, seeing and believing.

That’s a really hard thing for experts to do-after all, that’s why you are an expert. Yet that’s exactly what leading innovators do. They throw their expertise to the wind, and watch the world through fresh eyes.

I’m reminded of Suzuki’s fabulous book-The Beginner’s Mind. The book was written to apply to meditation-but it was the perfect analogy for fueling innovation.