
Resources
In our blog, we deliver insights and information concerning key topics, trends, and issues affecting your global business.
Top 5 Ways to Promote Global Business with Technology
The world is more connected than ever before, thanks to advancements in technology and artificial intelligence (AI). Businesses have new opportunities to expand their networks and create a global reach.
Fintech Innovation in the Baltic States: A Thriving Ecosystem
In this blog, we will explore the evolution of the fintech scene in the Baltic States, the current landscape, government initiatives, and how one can enter this thriving ecosystem.
The Heart of Sustainability: People
In the world of business, there’s an underlying truth that often goes unspoken: people are at the heart of sustainability. They are the why and the how.
Unlocking Value: Finding Affordable Labor in Southeast Asia
In today’s globalized economy, businesses seek to optimize costs without compromising on quality. One avenue that garners attention is the sourcing of affordable labor from countries with lower wage structures, particularly in Asia.
Why the Recent Mediterranean Gas Discovery Presents Global Opportunities
In February of 2023, Chevron announced the approved budget for the Leviathan Project, a reservoir development located six miles off the coast of Israel in “one of the world’s largest deep-water gas discoveries of 2000-2010”. In 2019, after 9 years of construction, the reservoir was completed producing 12 billion cu m/year of gas for sale in Egypt, Israel, and Jordan.
How Japan’s Aging Population Presents Growth Opportunities for Foreigners
Japan, known for its rich cultural heritage, technological advancements, and economic prowess, is facing a formidable challenge in the form of a labor shortage. The aging population of workers has created an urgent need for foreign labor and international companies to bolster the workforce, particularly in the healthcare sector.
Navigating Expansion: U.S. Associations and the Middle East
Expanding operations and establishing international chapters are often key objectives for U.S. associations seeking to grow their reach and impact. However, when considering expansion into the Middle East, your association may be hesitant due to concerns about social issues in certain countries.
How SMEs Should Approach Global Expansion (and Avoid Being Overwhelmed)
Going global can be confusing and daunting for any small and medium-sized business (SME) owner. With so many considerations to take into account, it’s no wonder that many entrepreneurs become overwhelmed by the idea of expanding their operations beyond their home country.
Convincing Your Leadership That Now is the Time to Go Global
Expanding a business globally can be a daunting task, but the benefits can be significant. It can increase revenue, reduce risk, and provide access to new markets, talent, and resources.
How to Protect Your Company from Costly Expansion Missteps
When it comes to expanding globally, the importance of making smart market selection decisions cannot be overstated. Not only does a wrong choice expose your company to potential financial losses, but it can also damage your brand reputation and make investors wary.
Global Expansion and the Role of Market Research for Strategic Planning
Expanding globally is an exciting opportunity, but it is not without its challenges. A successful global expansion requires careful planning and execution. Strategic planning is crucial to ensure that your company is ready to take on the global market and achieve its goals. Are you ready to go global?
Core Values as a Cultural Bridge
Picture your typical business gathering of two hundred leaders in a hotel ballroom. Round tables, water pitchers, a stage with flip charts and a PowerPoint. You’ve probably been in a room just like that many times.
Why the U.S. Southeast May Be Optimal for Your American Soft Landing
In this blog, we will explore the industries that are growing the fastest and the incentives that your company has available to take advantage of when expanding to the Southeastern United States.
Why Are Colombians Considering Diversification?
In recent years, geopolitical uncertainty has become a significant driver for individuals and businesses looking to diversify their assets and mitigate risks. One country that has been experiencing such uncertainty is Colombia, which has seen a significant shift in its political landscape in recent years.
Global Expansion and the Role of Market Research for Strategic Planning
Expanding globally is an exciting opportunity, but it is not without its challenges. A successful global expansion requires careful planning and execution. Strategic planning is crucial to ensure that your company is ready to take on the global market and achieve its goals. Are you ready to go global?
Creating a Roadmap for Global Growth through Digital Transformation
In today’s rapidly changing business landscape, digital transformation has become a critical driver of progress and global growth. The ability to quickly pivot and adapt to new trends, technologies, and customer preferences is essential for staying competitive.
How You Can Embrace Sustainable Development
As the global economy continues to expand and organizations look to international markets for growth opportunities, there is an increasing focus on sustainable development.
Making Food and Agricultural Supply Chains More Resilient Works
Today, the global food and agricultural industries have become more interconnected, data-driven, competitive, and inseparably linked, making it increasingly important for executives in these industries to develop their global strategy with supply chain resiliency in mind.
How Professional Development Can Make a Global Impact on Your Team
Professional development can make a big impact on the success of your team, whether they’re looking to improve their skillset, refine their knowledge of international business etiquette, or gain insight into different cultures around the world.
Diversity, Equity, and Inclusion (DE&I) in a Global Context
In recent years, Diversity, Equity, and Inclusion (DE&I) has become an increasingly important issue for companies and nonprofits, including nonprofit associations, in the United States. But many leaders of associations struggle to attract and retain minority board members, leaders, and employees.
Unlocking Global Expansion Opportunities
As the new year unfolds, it’s essential for business leaders to have an even greater understanding of the global issues that will shape this year and beyond. From the continued fallout of the COVID-19 pandemic to the growing awareness of climate change and sustainability initiatives, it’s more important than ever to be mindful of these factors when planning global expansion and market exploration strategies.
Global Recap 2022
We present you with five themes that you focused on this year with our highlights and predictions for the New Year.
A World Cup 2022 Lesson on Culture
Football is a sport SHARED by the world. These World Cup games, hosted by a non-Western nation, have reminded us how important it is to research and try to appreciate cultural nuances even if we don’t agree or fully understand them.
5 Ways to Recession-Proof Your Business
You’re likely seeing headline after headline about imminent layoffs, hiring freezes, and general uncertainty that seems to affect all sectors from tech to politics.
The Outlook for Global Business Remains Strong
Is your organization hesitant to expand globally since the pandemic? Are current geopolitical tensions forcing you to reconsider your strategic planning and expansion initiatives?
Starbucks’ Failure to Recognize Culture Down Under
Going global requires smart, strategic planning and market research. Here’s a common challenge some companies face amid new market expansion and tips on how to address it early on.
4 Fast Growing Markets in Africa
While you should consider risks in any market around the world, there are also plenty of reasons why expanding your operations to Africa could benefit your business. You should also consider the risk of not entering African markets or entering too late.
Identifying Your International Approach from the Start is Critical
If you’re considering taking your organization into a new market, having a strategy, plan, roadmap, or whatever you want to call it, is critical. A key part of your strategy is figuring out what type of international company you currently are and the type you strive to be in the future.
5 Steps to Develop Your Global Mindset
Today, more than ever, differences in culture and a lack of empathy and understanding among populations around the world have contributed to war, the global COVID-19 pandemic response, hatred, poverty, misunderstanding, and so much more.
Has Mexico Become a New Hub for Manufacturing?
Regardless of where you live, you are familiar with the “Made in China” tags included on many products you use. The reason why it is so common is that for years China has been the most significant manufacturing hub across the globe.
Lessons From Walmart and Amazon’s Failures in Asia
Businesses searching for bottom-line growth often look to entice new consumers in markets where they don’t already have a presence.
Vietnam – The Budding Machinery and Manufacturing Powerhouse in Asia
Vietnam’s economy has significantly grown over the last several years. It’s a market you should seriously consider if you’re seeking new opportunities in Southeast Asia, particularly if your business involves manufacturing.
Business Consulting Services: How Change Management Can Help Your Organization
Over the last quarter-century, change management has grown and developed as a discipline. According to several studies, for changes to be effective, business leaders must prepare, enable, and assist individuals who are going through transitions so that they may completely embrace change.
Top 5 Questions to Ask Before Your Association Goes Global
Many association leaders may consider expanding internationally as a way to generate sustainable revenue, grow their membership, and expand their mission’s reach – but such expansions can be costly and complex.
5 Tips When Expanding into New Markets
Business leaders are always looking for that “next big thing” and opportunities to extend the reach of their products and services to new customers.
Top 10 Reasons to Do Business in Singapore
Investing in Southeast Asia is complex, but Singapore offers solutions for foreign investors and businesses seeking a low-risk, high-return opportunity.
Top 5 Questions to Ask Before Your Association Goes Global
Many association leaders may consider expanding internationally as a way to generate sustainable revenue, grow their membership, and expand their mission’s reach – but such expansions can be costly and complex.
3 Hot Markets Beyond BRICS
Fast-growing emerging markets like Vietnam and Chile, and “emerged” economies like Singapore are prime locations for expanding your business.
How to Know When Going Global Makes Sense for Your Business
Going global is exciting and could be the bridge to limitless opportunities for your business but it’s not for everyone.
Nearshoring: An Alternative Sourcing Strategy in a Pandemic World
Of the many challenges posed by the pandemic, the challenge of deciding where to source information or resources remains large.
Top 10 International Business Etiquette Tips
Knowing the proper etiquette (or good manners) is very important as a professional traveling internationally, especially during a global pandemic. Are you contemplating this as part of your strategic planning?
4 Insights into the International Future for Associations
Based on Factum Global “2021 & Beyond Survey Findings.”
How the Six Paths to Leadership Impact Global Success
We recently interviewed Dr. Mark Clark, co-author of “Six Paths to Leadership” about the release of his new book and the implications of his findings on global leadership.
Why Going Global Drives Sustainable Growth
If you tried taking your brand abroad, you know how hard it can be. But don’t let that stop you from exploring the vast opportunities of globalization.
Why Our Unique Approach to Internationalization Works
We know internationalization is a daunting and complex process in the post-COVID world. At Factum Global, we pride ourselves in simplifying the process.
