The recent recession and inflation period has affected economies all over the globe with the international financial system remaining highly fragile during 2010. In today’s era of integrative globalization, an impact on any economy has a direct and relevant effect on all economies. It is this inter-connectivity between the components of the various economies that will compel them to work in synergy with each other in the coming times. International trade has further strengthened the dependency of individual economies on current financial stability for the global economics realm. However, economies are working towards recovering their position with rapid growth being evident, especially in the regions that have been targeted as emerging markets. Lets have a look at some of the key trends that are expected to have a long lasting impact on the global business scenario.

Transformation Holds the Key to Successful Recovery for The Global Banking Industry:

The prominent financial crisis that occurred recently may have caused a global uproar but in reality, most financial institutions from emerging markets managed to overcome it without much difficulty. The impact of outcomes for regulators as well as global financial institutions has mutual patterns wherein the regulators have been known to lay more emphasis on the existence of systemic risks posed by major names in the global finance industry while the banks have concerns over their ability to manage the oncoming competition dynamics along with the possible impact of regulations made on returns. Current statistics hold insufficient grounds for determining the final structure of the global framework for financial regulations. However, the changes that hold probability of occurrence include:

• Corporate governance would experience heightened levels.
• Consumer protection policies as well as initiatives would be strengthened.
• Executive pay schemes are expected to be limited in keeping with current financial statistics.
• Over the counter derivatives would witness greater regulations and increased transparency.

As is the general consideration that developed countries hold higher prospects of maintaining stability during economic recessions and financial crises, current statistics reveal that while financial institutions in the developed countries are striving for effective recovery, those in emerging markets are exhibiting better recovery results with most of the financial institutions overcoming the crisis with hardly any hiccups. However, in light of enhanced and revised regulatory frameworks, the cost of business would most likely hit a new high for most large financial institutions.

Global Workforce Expected to be Transformed Due to Demographic Shifts:

One of the most notable occurrences to have marked the current era is the dearth of potential candidates for employment opportunities despite the growing population numbers being witnessed on a global scale. Statistics indicate that almost 31% of employers throughout the globe are faced with the issue of dearth of required talent in the market due to which recruitment has become quite tedious. Demographic shifts have been credited with being the driving factor behind the recruitment issues. The problem of fewer talents in the population pool is not due to less population numbers. In fact the problem may be attributed to the evident decline in working age of the population in various regions. This in turn has caused the condition to worsen with a statistical probability of the labor gap becoming 8.3 million by the year 2030.. It would be wise to consider the gradient at which the issue is currently escalating instead of focusing on the current gap which is only 200,000.

There may be scope for profits from a larger segment of the population at retirement age, but there is also a major concern regarding the availability of new population members from the talent pool who are required to replace the retiring working population. Emerging countries like Brazil, Indonesia and Mexico have labor forces comprising of younger members of their demographics. While this may seem to provide benefit arising from increase in productivity, demographic dividend and growth, the only way in which success may be ensured is to provide the youth with economic as well as educational opportunities in the right form and at the right time. Only then will they be able to prepare themselves to manage the business scenario of their region in the years to come. One of the major complications arising out of the dearth of proper educational provisions is the reduction in the talent pool due to which the population members are unable to meet the rising talent and skill requisites. The need of the hour is to promote educational opportunities in all regions globally with emphasis on awareness being made about changing skill requisites as well as sophistication.

Women may prove to be major players in the future recruitment efforts as their empowerment and increased acceptance of women as an equal entity in social circles would ensure that they be considered for job opportunities. However, the decrease in talent pool in the population of various regions has led to employees gaining bargaining power. In light of these changes, it is pretty evident that in the near future, the workplace in organizations would be defined by the priorities of the employees themselves instead of being defined by the perceptions of the employer. The most appropriate solution for organizations to manage these changes is to work towards engaging and re-engaging the experienced segment of their acquired talent. Those who fail to keep up with these changes may very well lose the power to attract, retain and even develop the required talent which would be a direct result of the failure to define their EVP (Employee Value Proposition).

Going Green Would Prove to be Major Leverage:

The efforts for reducing carbon footprint can be seen extensively in all economies with various organizations striving hard to achieve and maintain greener policies. This green approach for creating a resource-efficiency economy may well be the precursor to the next major industrial revolution and in the long term may also churn out financial benefits in addition to the obvious environmental benefits. There is no stopping the transformation and inclination towards green technologies, so the only recourse available to organizations is to rework their strategies and come up with contingent measures to ensure that they maintain compatibility with the changing trends. Even statistics have gone ahead to reveal the rapid growth of investors in green technology with with the investments surging to 243 billion USD as reported by Bloomberg New Energy Finance. This is staggering 30% increase from the previous year and almost 5 times more than the figures calculated for 2004.

Despite these investments, there is a significant gap which exists between the required capital to fund the widespread implementation of green technologies and the available financial capabilities for meeting the requirements that are crucial for sustaining the transition being made towards low carbon economies. If current figures and data are to be considered, the energy demand would grow by approximately 36% over the period 2019 – 2035. The majority of the demands (estimated at 93%) is expected to emanate from the emerging markets.

If predictions by the International Energy Agency (IEA) were to be considered, then the period 201 to 2035 would experience the increase in renewable resource based power generation by 300%. Nuclear power and natural gas are major components of the “future energy mix” which is expected to gain prominence in the coming years in place of fossil fuel that would lose its market share gradually. While renewable energy is still available at high costs in most places, the prices would see a decrease as soon as solar and wind energy projects achieve successful completion. More than mere provision of green sources, it is the awareness of its implications which holds greater significance as people would be required to adapt to the changing technologies. As of now, the use of natural gas appears to be transition aiding component that is bridging the gap between the use of traditional fuels and the use of renewable energy sources.

If the business aspect of the implications of renewable energy were to be considered, then resorting to green methods would not only enhance the usage of resources but it would also bring visible cost benefits in the long run. The raw materials required in the production of a large number of products are not available in unlimited quantity and with the stringent rejection of raw materials owing to non-compliance with quality standards, the need for going green seems to be the only recourse in the current economic scenario. Such concerns revolving around resource utilization are expected to bring about an increased demand for organizations to prove their business’s adherence to sustainable practices. Sustainability reporting as of now is only voluntary and is mainly used to encourage organizations and businesses to declare their socio-environmental impact. However, the tides may turn pretty soon in light of the various developments being made due to which sustainability reporting may no longer be a choice, it would become a mandatory component of public declarations for all businesses.

Emerging Markets Would Increase their Power in the Global Scenario:

Emerging markets have become the global hub for aids that drive economic growth and may well become the key drivers of global growth. Earlier considered to be lucrative places for obtaining natural resources, cheap labor and inexpensive manufacturing, the emerging markets have achieved the status of becoming major players in the global competitive landscape. If we take into consideration the current statistics and figures of growth and economic development, then it is safe to estimate that the coming years would exhibit a 70% global growth with almost 40% of the growth being contributed by China and India. The IMF has expressed that the performance of the emerging markets could outperform the developed economies in terms of GDP and Purchasing Power Parity by as early as 2014. This is an impressive performance by the emerging economies which is further strengthened by the fact that they account for nearly 50% of global FDI inflows and 25% outflows.

One of the fastest growing trends that has been witnessed over the past decade is the emergence of new leaders in emerging markets that not only provide critical competition in home grounds but are also making substantial outbound investments in other economies. These power giants would eventually become a disruptive force in the global arena with stiff competition being provided to others. The key driving force which enables companies from emerging markets to come up with cost effective and innovative designs to products stems from the fact that the local markets in which they operate are more than often deprived of convenient facilities. This means that they need to work with whatever they have and with whatever they can manage with. The outcome of operating with such limited support systems is the emergence of an entrepreneurial culture that is infused with innovation in strategic implementation and greater flexibility in adapting to the demands of their customers. One of the most profound examples of this is the Nano, manufactured by Tata Motors, India. This car is priced at USD 2,900 internationally which is less than 50% of the costs of any automobile in the world. The mere presence of this car in the global market goes on to speak loads about the progress being made by businesses in emerging economies and markets.

Another key factor to be considered is the estimated growth in population numbers which would not only add to the customer base but would also result in the increase in the combined purchasing power of the middle class segment of the population to more than USD 56 trillion by the year 2050. These estimates represent global implications wherein the majority of the demand (more than 80% estimated) emanating from the Asian countries. In keeping with the expected as well as the current changes, there would be immense requisites for developing or upgrading the physical and soft infrastructure so as to accommodate the demands of the increasing numbers of urban middle class members.

While emerging markets seem to be getting prominence in the global business scenario, it would be wrong to interpret their presence on the international forefront as being the only ones to be able to reap the benefits. The developments in emerging countries have helped to escalate the position of middle class members in their own regions which in turn have become lucrative new markets for developed countries.

Rapid Developments in Technology Innovation Will Drive Mobility Trends:

The past decade has witnessed drastic advancements in the digital domain with this revolution giving birth to new technologies that have helped to define new approaches to business as well as individual needs. Interconnectivity has become the success mantra with the boundaries becoming non-existent as more people are connected through global communication systems. Current technologies are smart, dynamic and is capable of providing support for various applications. However, the expected levels of technical sophistication is still awaiting achievement. While customers desire powerful devices with impeccable applications, businesses prefer to possess and develop cost effective technological solutions that would help them to cope up with complex technical challenges.

The presence of analytical tools made more feasible with its integration with global internet communication systems has enabled businesses to evaluate their performance dynamically. Now they are able to see their levels of interaction with customers with their responses forming the base of the analysis conducted. Social networks have further increased the need for adding storage to the systems due to the fact that they have contributed to the creation as well as sharing of data throughout the world. Research studies estimate data storage requirements to go up to 35 trillion GB by 2020 itself. This requisite represents an increase of more than 40% for our current storage capabilities. With such capabilities it is but obvious for business intelligence to gain importance as being one of the key determinants of strategic decision making processes.

Smart devices (phones and tablets in majority) have become an integral part of our lives. The reason behind their widespread popularity may be attributed to high levels of portability offered by them. In simple terms, the possibility of remaining connected even while being on the move has brought into effect a whole new level of convenience that is playing a key role in redefining the way in which social connectivity and business communication is maintained. As is evident in other sectors, emerging markets will pose stiff competition mainly due to the fact that the absence of legacy systems will lead to faster profit generation from the integration of new technologies whenever they are made available.

The developments in mobility solutions and the integration of global technological systems would lead to the convergence of industrial realms where the differences in geographical boundaries, industries, products, demographics and economies would become blurred. Advancements in e-commerce facilities have literally brought about the transition of markets from being physical establishments to virtual hot-spots. This does not indicate that physical markets have become non-existent, it is only the approach that has been shifted to the virtual domain by means of which businesses are able to make their presence felt on the global platform. In keeping with these trends, it is not wrong to expect web semantics in the near future to provide the perfect amalgamation of web, machines and human beings.

Cloud computing in another key aspect of mobility solutions which enables dynamic working capabilities over the net with access being granted to multiple users. Since cloud computing offers dynamic access to data, simultaneous work capabilities are provided to the users even for a single file. Forecasts made by Gartner state that social networks would account for the primary business communication protocol for more than 20% of global employee strength. Governments are also joining in on this race for technological supremacy wherein they are not only providing the funds for the development of the required infrastructure, but they are also concerning themselves with the establishment of appropriate legislations by means of which the privacy of the users may be ensured.

Governments Expected to Enhance Cooperative Efforts With the Public Sector:

The post crisis scenario at the global level is marked by adjustments being made as major entities inclusive of governments, institutions and business organizations are working towards redefining their identity. While the economic recession has no major impact on the emerging markets, they are nonetheless left with the requirement of developing as well as upgrading their infrastructure and educational systems for being able to cope up with the increasing demands of the new middle class population. In light of these needs, the governments all over the globe are faced with the requirement for strengthening their financial position and securing their current levels of financial integrity. Additionally they are required to ensure the delivery of services not only in an efficient and effective manner, but the services also need to be made economic in nature to fully obtain their benefits. The private sector holds significance for any economy owing to its contribution levels in the growth and development of the respective region. The growth of the public sector needs to be done in an economic manner for sustainability and generation of employment opportunities.

The efforts of the government are clearly visible in the following initiatives:

• In light of the rising debt-GDP ratios, there are immense efforts being made by the developed countries for reducing these values and organizing their finances.

• Emerging markets possessing adequate surplus need to invest it for developing an effective safety nest for sustaining as well as promoting economic growth. The importance of safety nets in the economy may be judged from the fact that in certain markets, economic prosperity cannot be assured without their presence.

• The investments made by the Tax Administration authorities of emerging markets also need to be improved such that the investments make their way into the right sectors in the right form and at the right time. PPP (Public Private Partnerships) are most likely to become major investment drivers in such markets.

• Studies conducted by Standard & Poor indicate that public spending for developed economies with respect to median age is expected to rise from just over 17% of GDP in current times to over 27% of GDP in 2050. Emerging markets, however, reflect much less variations in these values with the change expected to be from 11% to 17%. Median age related spending, in addition to immigration, would affect future government spending in a significant manner.

• Sovereign Wealth Funds are expected to become one of the most powerful sources for availing capital in the near future. Despite the drop in their valuation in light of the recent recession, their value is expected to increase over the years from USD 3.5 trillion as per 2010 data to more than USD 8 trillion as estimated for 2015.

• State owned enterprises will continue to be popular means of safeguarding strategic industries and also assuring adequacy of critical infrastructure in most regions.

Amway Global business program is one that has been tried and tested by thousands of people around the world. Amway Global is a well known name in the world of online marketing. This is a multi level marketing business that operates through a pyramid scheme. The business opportunity offers independent business owners a chance to earn money by marketing the products of the company. The company offers a huge range of products that are known for their high quality.

Amway Global Business – The Business Plan

Amway works on an MLM business plan. It has a PV or a points value system. Each product with have specific points attached to them. Once you join as an independent business owner, there would be a commission for each point value that you earn by selling the product. No matter what country you operate from and the differences in the prices, the PV would remain the same for the product around the world. The business volume will determine the amount that you sell and you will receive a commission each month for the total amount of volume that you generate.

Amway Global Business – Understand the Levels

One of the most important things that you will have to understand before you join this program is the way that it works. There are various levels that the members are assigned to. You would have to be first sponsored by a member of Amway if you want to join. You will also have to invest in a package and will have to pay a determined fee each month for staying in this business network. There are various pin levels that you will have to go through. You will also have to recruit team members under you so that you can earn commissions for the products that are sold by them. Diamond and platinum levels are the highest in the hierarchy. Once you reach the platinum level, you would be earning enough money to live comfortably doing nothing other than handling your Amway team. The members in the diamond levels earn a six figure income.

Is It Possible to Make Money with Amway?

Amway is a genuine company that has an extensive range of products known for their quality. You would not really have to work hard in order to sell the products. However, there are several other things that you will have to consider. Not everyone would be able to make money selling Amway products, especially if you are new to this industry. A majority of people fail at MLM businesses simply because of the payment structures and because of the fact that you would need to have a lot of experience in the industry in order to succeed.

Compared to some of the newer MLM opportunities today, Amway does have outdated marketing and training methods which don’t always work in the market today. Consider these few drawbacks of Amway Global Business so that you can make an informed decision.

Developments in global communication and the advantages of the internet have resulted in language being one of the only real barriers remaining in international business possibilities. Website translation services are at the forefront of breaking through this barrier and creating a business world with no borders. Since 2004, nearly 50% of all online business transactions were completed in a different language to English. Automatic translation tools are almost useless for this purpose as the accuracy cannot be guaranteed or monitored. This is why a reliable and professional translation service is pivotal to ensuring the upkeep of your company’s reputation and the positive outcome of your business ventures.

Despite the current unstable financial climate in many countries, some economies around the world are continuing to thrive and grow. Particularly, parts of South America, the Middle East and Russia are seeing a burst in business activity that is bringing international investment into these countries. China has also long been a major player in global business and is the second largest economy in the world behind the United States. Over the past 30 years, China has increasingly invited trade from overseas businesses and this is an opportunity that many in the west have taken keen advantage of. Translation professionals operating in China had a 46.09% increase in their income in 2012, a figure that is sure to continue growing.

When the decision is made to enter a foreign market there are many things to consider. Making your company’s website understandable to the country in which you intend to expand is of the utmost importance. In a survey conducted by commonsenseadvisory.com, 72.4% of consumers stated that they would be more likely to buy a product if the accompanying information was in their own language. Additionally, 56.2% of consumers went on to say that being able to obtain information in their native language was more important than the price of the product. Faced with these statistics it is shocking to observe that out of the top 1,000 global websites, 433 are presented in just one language, making no attempt at all to provide translation for potential global visitors.

Approximately 33% of internet users don’t speak English as a first language, so the importance of having your site translated into the many alternatives is immediately evident. It is predicted that employment levels for translators and interpreters will increase by 42% between the years 2010 and 2012, demonstrating the rapidly growing necessity of such acute skills.

The localization of website content has to be approached in a wholly pragmatic way in order to guarantee the best results and highest returns for your company. Not only does the content have to be translated to precisely depict the original material, but the cultural differences have to be taken into account. A professional translator will be sensitive to these differences and maintain such accuracy that it will appear as though the translation version is the original written text. Being completely aware of the culture within the target country is essential to providing a perfect translation.

The semantics of languages are subject to constant evolution, therefore when it comes to achieving perfect website translation, a culturally aware linguistic professional is the only viable choice of person to be entrusted with this task. Translation technology is rapidly developing and the capabilities of such programmes are more impressive than ever. But when it comes to your business, it goes without saying that you want a highly qualified and extremely experienced professional to be responsible for your website translation. There are some aspects of language that a machine can’t always be guaranteed to comprehend so a human translator is necessitated to ensure the meaning of content is not confused.

With the many global economies that are expanding at a an exciting rate, it is foolish to presume that marketing your company solely in English will be enough to sustain your companies presence and growth. Website translation services readily exist with uncapped capabilities of promoting businesses around the world, creating and encouraging the possibilities that a truly global market has to offer.