Doing International Business Internationally By William Cate July 2004 [http://home.earthlink.net/~beowulfinvestments/] [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/]Internationalism is Anti-American.
Surveys have shown that geographic ignorance among educated adult Americans is so widespread that many Americans are unaware of
existence of most of
countries of
world. As a total population, Americans are, quite possibly,
most insular of all developed nations.
The three thousand or so American multinational corporations are a monument to knowledge and reason over culture. Any proposal with a global vision isn't an American proposal.
Why Globalize?
The reason to globalize is that you can choose
best business tools to create almost anything in
Global Village. Business tools can be found in every country in
World. The opportunities to apply these business tools exist everywhere. The quality and variety of business tools vary by country. The ability to use specific tools is a function of
knowledge and ability of
tool user. Thus, in
Global Village no strategy is American, British, Russian or Chinese. International Business seeks to use
best possible business tools to create successful multinational corporations.
I know that it's often difficult to change our thinking. We tend to continue doing things "the way they've always been done." We tend to lose sight of
fact that other countries and other cultures have also found good methods of doing business, in those specific cultures. And often
only way to be successful in doing business in such cultures is to adapt our way of thinking to that of our Global Targets. So don't "think American" or "think British" or "think Asia" when planning to expand. "Think Global."
Sample Tools
There are many ways to do business in
Global Village. You can control taxation, ensure payments in a liquid currency or adjust individual or corporate citizenship. You can better manage corruption and bribery issues as a multinational corporation rather than a local domestic corporation. As a multinational corporation you can reverse
role of government and have
government finance your corporate growth rather than having your company finance
government.
The Money Tool
A vital business tool is a company's ability to secure a permit to print their own money. Printing corporate money tends to expand your corporate options while reducing your risk. You get your money- printing permit by taking your company public in any country with a stock exchange. If you are a domestic company in Sri Lanka, you can register your shares and trade on
Colombo Stock Exchange (CSE). Your shares will be freely convertible into
Sri Lanka Rupee. But, who wants Rupees outside of Sri Lanka? So, a listing on
Colombo Stock Exchange reflects a corporate policy to remain a Sri Lanka domestic company. While this decision lacks global vision, it may be
best decision for
Sri Lanka owners of
CSE Company.