Global News Link: Greed

Above Damien Hirst's $100 million dollar skull

Business can be minded to prosperity but sometimes reaches the point of greed. See this report on the greediest people of all time

http://www.newsweek.com/id/190715

Global News Link: Freedom

Above, Fidel Castro, former President of Cuba, photographed in 1970

See this report on the least free places on earth:

http://www.foreignpolicy.com/articles/2009/07/02/the_least_free_places_on_earth

See changing policies on US-Cuba relations:

http://www.foreignpolicy.com/story/cms.php?story_id=4804

WEEK 1 introduction review

1 – International Business concerns transactions between 2 or more countries

2 – Globalization concerns the integration of the capitalist economy while the Universal concerns the integration and aid of humanity

3 – The G-20 are the world’s 20 wealthiest countries that meet to discuss the stability of the economy, excluding Switzerland, which does not participate

4 – BRICK are the strong rising economies of Brazil, Russia, India, China and South Korea

5 – Industry is the type of the business, in general categories and by product or service, ex. Apple, is in the technology industry, specifically the technology of personal computer devices

6 – Brand is an identity of a business that includes its name, logo, slogan, associations and myth, ex. Nike swoosh, “Just do it,” Michael Jordan association, myth of athletic success

7 – Global businesses share a lot of the same values such as profit, expanding territory, international employees, international production, taxes, trade regulations, global advertising, global consumers

Thank you Doug Ware!

I would like to thank Doug Ware for his assistance in preparing some of the materials used in this course, especially concerning green businesses. Doug Ware was Director of International Service and Subsidiary Operations for Siemens Westinghouse Power Corporation until he retired in 2003. He now consults for the non-profit group SCORE, where he has been elected as the Orlando Chapter Chair for fiscal year 2010 and 2011.

You can learn more about SCORE at www.score.org and www.scoreorlando.org. SCORE is a non-profit group of over 11,000 volunteers across America that provides free and confidential advice to America's small businesses. They are a resource partner to the US Small Business Administration.

SCORE is organized into 389 chapters nationwide. The Orlando chapter has 50 volunteers who come from corporations, small businesses and academia. One thing they all have in common is a desire to give back to the community and help entrepreneurs succeed in their business ventures.

They provide both face to face counseling and also e-mail counseling through the web sites. The web sites also provide pertinent and in depth information on many business topics. In addition to counseling, the Orlando chapter offers a number of low cost seminars and workshops that cover a broad spectrum of business fundamentals including processes involved in starting a business, developing a business and marketing plan and financial aspects. SCORE only deals with US based business but this includes businesses that import and export internationally.