Honey-Can-Do International Founder and chief executive officer Steve Greenspon shares a wonderful lesson learned on LinkedIn that I wish to share here so that everyone can benefit from his experience. What follows is what he wrote. “Unfortunately, not everything goes perfectly in [global] business and the best solution is to fix it quickly and prevent it from occurring again. If…
Let’s take a journey together and go back in time on how companies dealt with import quotas. We’ll look at the article “The Great Quota Hustle” published in Forbes (2000) and then we’ll familiarize ourselves with the three sourcing companies profiled: Li & Fung, Connor and Esquel Group. Here you can glean lessons on how the big guys run their…
Remember the telex machine and how important it once was for communicating efficiently with people worldwide? Then the fax machine came into play. Next was email and now Skype. When I look at these advancements, I am stunned and, at the same time, ecstatic because they are so cool. Recently, I’ve been studying other brisk developments online, such as the…
With Alibaba’s highly anticipated US IPO, it makes prudent sense to familiarize yourself with the company. This article provides a short course on China-based Alibaba. Founded in 1999, Alibaba.com (http://www.alibaba.com) is a group of twenty-five business units that allows anyone located anywhere in the world to buy or sell online. Alibaba has come to dominate Internet retailing in China, with…