According to a recent announcement from the Conference Board, more than 50 percent of U.S. companies surveyed are either currently doing business abroad, or have a strategy in place for diversifying their business interests to foreign locations. Companies doing business across
According to High Street Partners Founder and President Larry Harding, his employees and their global service partners spend every day determining the most efficient ways for companies to implement their globalization strategy. High Street Partners is a consulting firm that specializes in helping
During an interview with Mr. Harding, I asked his opinion on a number of topics of interest to companies with overseas operations.
Regarding the adoption of International Financial Reporting Standards (IFRS) by
Since High Street Partners is at the forefront of private business in many countries, its advisors have a front row seat to what is happening with the global economy. Harding says, “The overseas markets are still robust in a lot of places.
Markets that Harding’s advisors and clients have seen significantly suffer during this recession include
One of the most significant trends High Street Partners and their consultants have seen in the last year is the stepped-up efforts by governments all over the world to enforce and collect taxes and fees that are due.
I asked Harding about his experience with the credit markets in countries his company provides services. Harding indicated that there is no reliable pattern that points to a global thawing of the credit market.
“We have seen companies defer decisions involving capital expenditures as long as they possibly could. In the last several months we are seeing more money being spent by our clients to prepare for recovery,” Harding stated.
Harding believes most companies should have some focus on a sound international strategy. He believes that many foreign companies are interested in buying
Nearly all well-run companies have a few trusted advisors, such as their accountant, lawyer, and insurance risk manager. If your business has interests globally, you will want to add a “globalization” expert to your list. Doing so will dramatically increase your company’s ability to succeed in a foreign land.