Reaping the Full Benefits of Foreign Investment Requires ICE-Q

The nature of a multinational company (MNC) is to invest capital in markets outside of the country in which it began its operations. Typically, this business activity is called foreign direct investment (FDI). For open economies to flourish, cross-border trade is essential. Another critical factor for successful international business is ICE-Q – a combination of three essential, durable skills: subject …

Why cultural competence is one of seven success factors for ‘glocal’ business

Recently on this blog you found our Table of Elements for Global Business Readiness. It has become quite popular among our clients. And it’s exciting to see that EDGE Business Magazine published a modified version in its January 2017 issue. In their Skill Sets column Christian Höferle explains the importance of cultural competence for sustainable growth for ‘glocal’ businesses. Cultural Competence a KeyGrowth Factor …