• Consulting – This business is of huge demand and if you are expertise in fields like law, accounting, financing, marketing, etc. you will find a great future. This business does not expect more investment but you should have the capability to frame a social network.
• Contractors – Many organizations and business firms seek contractors as they need not offer any employee benefits and there is no need for them to train such people.
• Event Management – You can earn a great living through this business but you should have a good link with property owners, caterers, decorators, etc. to succeed in this business.

Ford one of the biggest automobile manufacturing company will introduce the new versions of their car
for every 3 or 4 years. They do this to head the competitors and to get maximum turnover every year.
They have planned to decrease the weight of the vehicles to overcome some fuel related issues. They
planned to design the small cars with the weight of 200 pounds and the large cars with the weight of
700 pounds. The life time of the cars from Ford in the showrooms is small when compared to the cars
form major companies like Volkswagen and Toyota. Toyota Corolla and Honda Civic are the competitors
of Ford Fiesta.

This week finds me in Glasgow running training course for a, mainly, Scottish group who work for an international organisation and find themselves interfacing on a daily basis with people from just about every corner of the world. The main thing that struck me with the group was the pride in ‘Scottishness’ they displayed – they are working in a global role, talk to people in Pakistan and Moscow on a daily basis but are still firmly rooted in their own national identity. What defines them is not the international nature of the work they do on a daily basis but more parochial, local issues.

This seeming paradox between the local and the global makes me think of a question I am constantly asked by people all around the world when running training programmes on the impact of cultural differences on international business.

The question usually goes something like this – ‘With the growth of the internet, global travel, international companies etc., doesn’t this eventually mean the inevitable eradication of local or national cultural characteristics?’

As I am constantly asked the questions, I have naturally given the answer a great deal of thought and after long and earnest consideration my profound answer is that I really don’t know what is going to happen. It is certainly true that there are tremendous pressures coming to bear from economic and market forces for a more globally homogenous world (it’s no longer possible, for example, to sit in an airport lounge and play ‘spot the nationality’ from the clothes people are wearing as everybody now wears exactly the same things). However, when I travel the world and watch the news, I see another global force at work – this brings me back to the Scots I was with today – and that force is the growth of regionalism and independence movements. From Kosovo to Scotland, from Quebec to the Horn of Africa people are asserting their rights to their own independence. People feel passionately that they don’t want to be subsumed into a greater whole.

Which of these competing tensions will win out in the end? Will we end up with some kind of global cultural soup where everybody dresses, acts and communicates in the same way or will people’s pride in their own cultural identity fight against this tide? I suppose only time will tell.

If I do eventually work out what is going to happen in the future, I’ll let you know

There are different kinds of expressions from the people of senates about he tax cut decision by the

president yesterday. The temporary tax cuts lead most of the republicans to support. The opponents
didn’t support the tax cuts for the wealthiest people. Till now the tax is there for the individuals if they
earn more than $200,000. Some people express that this decisions will be a problem for middle class
people and the people who earn from small business. They termed this obama’s tax curt era as the
Bush’s tax era. This decision will also hurts 4the people who are jobless and more than 800,000 million
will suffer due to this decision.

Wal-Mart stores one of the largest retailer planned to introduce some offers for this holiday. This shop
is in New York. They have failed to meet the completion with the small dollar shop in the city. The failure
may due to not filling the shelves with products and also not announcing any offers. They have planned
to attract the customers by announcing some attractive offers and discount to meet the loss during the
last 6 months. They were well prepared to meet the customers in this holiday season and to overcome
the problem of business traffic. The traffic is due to the increase of some small dollar shops and their
attractive sales strategy.

Most of the government officials are now choose to fly in private flights. They do this to avoid unwanted
hassles in the airport, flight delay problem etc. this is also due to the increase in economic level Private
Jets are also the choices of government officials nowadays. The report from Federal Aviation association
tells that there is about 7 percent of increase in private jet flights that is 2.84 million jet flights. In 2007
more than 4 million private jet flights are there reported by FAA. Most of the corporate are having their
own flight. This is because of the involvement of automakers in the manufacturing of private flights.

General Motors have planned to increase the production of their electric car Chevrolet volt. There are
some increased demands for the electric cars in the market. The electric cars hit the market because
they are eco friendly and for the fuel matter. GM’s Volt car is awarded as the car of the year 2011 by the
motor trend magazines. GM is in the 2nd place of world’s automaker. They have planned to manufacture
around 10,000 volt car I the year 2011 and 45,000 in the year 2012. They are having an agreement for
the supply of batteries from a Korean company.

Some U.s banks have planned to cut the trading with the embassies and other foreign institutions in
America. This is because they are having some problem in complying the rules of money laundering.
After the September 11 incident all the banks are instructed to trace the source and the purpose of the
transaction to avoid the money laundering. Some financial experts have said that this plan by the banks
will affect more than 40 countries in that 16 counters are African countries. Major Banks like JP Morgan,
Citibank and HSBC announced that they are cutting the business with the embassies and other foreign
institutions.