Okay so I am going to go back in time to talk about some of the things that our class has been discussing.
Our group meets every Thursday at 5:30 and discusses different articles about world issues. Our first topic that we discussed was globalization and whether or not it is a good or bad thing. On one hand, you can't really survive in the world without working with other countries now a days but at the same time you need to be able to help your own nation. It was interesting to hear everyone's opinions.
Personally, I think that if you don't accept globalization then you'll become its victim. I think it's a necessary evil. I would hope that countries wouldn't just resort to it because of their own nationalistic interests but I'm afraid it's true.
We've also been talking a lot about how China and India are emerging. They're going to be responsible for pulling the economy out of this mess--hope they're up for the challenge!
Today during class we talked about incorporating your business into a different culture or environment. There was the story of Tata, an Indian man who did his homework on the Korean culture and has had a successful business there. He understood their collectivist culture and didn't try to force his culture in that area. I honestly think this is a really smart move because I think a business is doomed to fail if you don't do your homework on the culture where you're trying to do business.
It's important to think about these different cultures because the United States needs to expand its horizons (everyone else is...). In the past US was buying foreign companies but now the tables have turned. Swinder told us today that the NYSE was just sold to a foreign country. We need to be aware of what's going on in the world!
Well that's enough class discussion.
Til next time,