Tag archive for ‘World Watch’
World Watch: The Sanya Initiative
By BRITTANY POSEY Many people view the U.S.- China bilateral relationship as the most important bilateral relationship in today’s world. With 1.3 billion people and an emerging consumer class, the opportunities that exist for North Dakota companies in China are phenomenal. As the Chinese population grows at an alarming rate, the country is becoming increasingly [...]
World Watch: North Dakota’s role in the global economy
By BRITTANY POSEY What is the State of North Dakota’s role in the global economy? North Dakota today is an inverse image of the U.S. economy at large. With a population slightly more than 672,500, our tiny state touts an envious unemployment rate of 3.8 percent, and according to a recent Gallup survey, North Dakota [...]
World Watch: Investing in social capital
The need for greater cross-cultural awareness is heightened in today’s global economy. Differences in matters such as language, etiquette, non-verbal communication, norms and values can, do and will lead to failed international business deals. Even the seemingly unnoticeable differences in culture can be extremely costly.
INCOTERMS: How to Keep Out of Trouble in Three Letters
By Tom Wollin Your salesperson comes running into your office and tells you excitedly, “I just sold a container of super widgets to a company on the Sakhalin Island.” “That’s great!” you inform him. “When we added the other languages to our site, we have received a lot more foreign inquiries.” You take a look [...]
‘Building’ for Exports
You visit with a friend, who tells you how people from the company he works for just returned from an overseas trade mission where they visited with potential buyers. You see in the newspaper that diplomats from foreign countries were visiting companies in the region. On the six o’clock news, you see cattle being loaded [...]
World Watch: N.D. farmers cultivate their own export markets
By Jeff Zent North Dakota’s producers and marketers of “identity-preserved” soybeans, peas, lentils and other value-added foods aren’t waiting for customers to come knocking on their farmhouse doors. They’re traveling to far-off countries including Japan, South Korea, Thailand, China and Turkey to win over new customers with their high-quality products. Driving their business — the [...]
Businesses should capitalize on R&D tax benefits
Businesses that enjoy long-term success invest in innovation. They’re in a constant state of reinvention, searching for new ways to improve their products and services and improve operational efficiencies. What many successful business leaders don’t realize is that their investments in research and development can often yield significant federal and state tax reductions. The federal [...]
WCCO Belting overcomes challenges to earn national award
World Watch column by JEFF ZENT Tom Shorma, president and CEO of Wahpeton-based WCCO Belting Inc., has racked up plenty of frequent-flyer miles traveling the world to build a global customer base for his company’s rubber belting products. His efforts to expand the family business have paid off with a growing list of customers in [...]
N.D. exporters face challenges, but lead nation’s growth
By Jeff Zent During the State of the Union address in January, President Obama announced a bold plan to double America’s exports within five years. President Obama said boosting our exports is a “short-term imperative” to combat the economic crises, but added that enhancing our global competitiveness is also critical for the nation’s long-term prosperity. [...]
Students help drive North Dakota’s global commerce
By Jeff Zent Vineet Saxena bet his future and the future of his wife and two young daughters on the United States. In 2005, the accomplished global textiles trader bought four one-way tickets from India so that he could further his education and career opportunities at North Dakota State University. He researched universities and was [...]
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