Country Risk Map

Did you know India has a little more risk today?

If you’re thinking of developing a new market you need to do your research, and that includes risk analysis and planning. Euler Hermes has a great tool you can use to see how likely (or unlikely) it is you’ll get paid in the country of your choice. It’s an interactive map that reflects changes in the global economy (and, of course, how Euler Hermes views those countries in regard to credit risk).

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What Is Monochronic?

Different cultures view time along a spectrum with monochronic or polychronic at either end. When planning to do business overseas it’s a good idea to understand which end of the spectrum your native culture falls closest to, and where your overseas partner’s time orientation lies. Zacharias Beckman guides you through what it’s like to be “monochronic” in this week’s video blog.

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What Is Polychronic?

From a young age, some of us hear that “time is money,” growing up to respect being on-time and efficient. Others learn that time is fluid, and should be invested generously (time is one thing that we never run out of, after all). Polychronic cultures like to do multiple things at the same time and resist being pushed into sequential, linear schedules. Cultures vary from one part of the world to another. Here is a short video giving a clear idea on what’s it like to be “polychronic.”

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How To Negotiate Across Cultures

The unexperienced think immediately of language and communication skill as the essential core of International negotiations. It’s an obvious global communication gap. It’s the first thing we usually encounter, one aspect of personal interaction that poses a clear barrier. British linguist Richard Lewis has charted cultural negotiation patterns, creating a “visual map” of how people negotiate around the world. It’s an invaluable aid for the multinational manager.

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Dealing With Timezone Differences

Working in the global economy means spending lots of time connecting with clients and colleagues on the other side of the world. But multinational teams also face “multi-timezone” management problems. What seems like an obvious, potential problem can cause management nightmares for multinational leaders. Here are few tips on how to deal with time zone differences and build smoothly functioning, multinational teams.

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Who Is My Outsourced Team’s Decision Maker?

Who Is My Outsourced Team’s Decision Maker?

When it comes to decision making, it’s important to know who is the decision maker at your overseas partner or vendor (and it might not be who you expect)! Business culture around the world varies a lot. It’s very likely you will experience misunderstandings when Western and Eastern firms work together. Here are some tips on how to avoid the misunderstandings.

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