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Globalization

Today's Must Read
By Diana Ransom |  Filed In: Virtual Reality and Software Services & Applications
Drowning in acronym soup? Here's a tech glossary for small-business owners.
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By Howard Baldwin |  Filed In: Telemarketing and Direct Marketing
Expense and the size of your staff are major factors in helping you decide.
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Can you do it from afar? Or should you make a visit overseas?
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By Tam Harbert |  Filed In: Health Insurance and Insurance
Your company can select and administer insurance and other benefits programs in-house, but many small businesses find it more cost-effective to use outsource services for all or part of the process.
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By Tam Harbert |  Filed In: Health Insurance and Insurance
If you’re thinking about outsourcing your employee insurance, get recommendations from industry colleagues, your accountant, or your lawyer.
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By Tam Harbert |  Filed In: Insurance Commissions and Insurance Regulatory Bodies
Because of regulations, the cost shouldn't vary much.
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There are three ways of paying outsourced recruiters.
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A PEO manages all your employee-related functions, including taxes and payroll, very cost-effectively, freeing you to focus on your business.
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By Tam Harbert |  Filed In: 401k Plans and Pension & Retirement Plans
Whether you are managing your human resources in-house or outsourcing it piecemeal, you might consider getting help managing 401(k) employee retirement benefits because it can be especially tricky for small businesses.
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By Howard Baldwin |  Filed In: Call Centers and Administrative Support Services
Whether they're in-house or outsourced, call centers are no longer expensive, complex solutions.
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By Howard Baldwin |  Filed In: Call Centers and Administrative Support Services
Customers call in, or employees initiate the contact.
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By Howard Baldwin |  Filed In: Customer Service and Customer Relations
Consolidate phone, e-mail, and Web communication.
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By Richard Morochove |  Filed In: Wages & Salaries and Compensation & Benefits
Know your needs before deciding what payroll processing features you need.
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By Maureen Rabotin |  Filed In: Business Leadership Development and Management
In order to be successful in today's rapidly globalizing business world, executives must be well versed in communicating and operating within a variety of cultural contexts.
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By Maureen Rabotin |  Filed In: Globalization and Business Climate & Conditions
In order to be successful in today's rapidly globalizing business world, executives must be well versed in communicating and operating within a variety of cultural contexts.
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By Richard Morochove |  Filed In: Accounting and Accounting Professionals Center
Here's what you should be watching for in deciding among payroll systems, whether it’s in-house software, outsourced software, or a service.
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Cash management is ultimately about cash flow -- and even growing companies are vulnerable to cash flow problems.
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By Dr. Sime Curkovic |  Filed In: Outsourcing and Company Strategy
It makes sense for smaller firms with scarce resources to outsource commodities.
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By Richard Morochove |  Filed In: Wages & Salaries and Compensation & Benefits
There is integrated software, stand-alone software, or outsourcing.
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By Gabriel Lefrancois |  Filed In: Information Management and Information Management & Technology
When weighing the pros and cons, consider these five services that can be outsourced.
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New On AllBusiness

Business Glossary

Definitions for: globalization
globalization

interdependence of buyers and sellers of financial instruments in financial centers around the world. This phenomenon is due mainly to several factors: (1) the maturation of the eurocurrency markets since the 1960s; (2) dramatic changes in trading room technology in recent years, providing market makers with near instantaneous access to current market data on commodities and financial instruments; (3) a desire by financial institutions to expand lending and other activities beyond geographic boundaries; and (4) a desire to control balance sheet risk through interest rate swaps and other financial swap agreements.

For example, the growing use in international financial markets of marketable debt instruments, principally in the eurobond market, as opposed to traditional bank lending, as a financing vehicle for major corporate borrowers, and also sovereign governments. The shift away from bank credit instruments, such as Note Issuance Facilities, toward Floating Rate Notes and Eurocommercial paper began in the early 1980s, and was aided by the strong secondary market in Eurobond financings. Both commercial banks and investment banks participate in this market. Outside the United States, U.S. commercial banks are not confined by Glass-Steagall Act limitations on securities underwriting, and are active participants in the Eurobond market.

Advances in information technology allowed traders in foreign exchange and other money market instruments to manage positions on a 24-hour basis, by moving their trading book to a different financial center at the close of trading. This practice, known as passing the book, permits financial institutions that make markets in New York, London, or Tokyo, for instance, to maintain a single trading book listing positions, limits, and exposures for the entire firm, rather than keeping separate books in each trading center.

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