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What You Are Not Hearing About Detroit’s Bankruptcy

Detroit ‘s bankruptcy is a warning that no city is too big to fail. Cities that fail have knock-on effects that impact business. Detroit is about $18 billion in debt, and will only be able to pay out a fraction of what it owes. Some media reports hint that it’s problems may lead to some form of federal bailout. But is this really likely? What are the likely impacts on business in the region?

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Going Global: Risks and Protections for SME CEOs to Consider

Despite the world economic recession, small- and mid-sized companies are “going global” at an earlier stage in their development than ever before. Expanding overseas involves the careful consideration of risk and cost. What are those potential hazards? And what can be done about them? There are several issues that CEOs should consider when doing business internationally. Several critical ones are outlined here.

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Competing in the Global Ideas Economy

Both the time and place of 2013’s CEO Leadership Summit could not have been more fitting. In December, in the wake of the devastation of Hurricane Sandy and with the fiscal cliff still looming ahead, more than 100 business leaders from across the country gathered at the NYSE Euronext—an icon of free enterprise that later turned out to have been in the midst of a merger—to share ideas on navigating the challenges of the stormy global economy.

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Efficient Talent-Sourcing for Global Growth

For the mid-market company that is expanding internationally -- whether for the first time or into uncharted territory – identifying the right talent can be a challenge. In a 2012 Ernst & Young study of C-level and other executives in rapid-growth markets, 30 percent of respondents reported the need for a strategic hiring process in international markets. Intensifying the problem, according to the same study, is a self-reported knowledge gap in local culture and ways of doing business by more than half of the participants.

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Devising a HR Strategy for Global Expansion

Some entrepreneurs believe employee empowerment is not just a buzzword but also a business strategy. Founder and CEO of ecommerce giant Rakuten, Hiroshi Mikitani, is a big believer that business must consciously develop a global worldview and culture before attempting international expansion. Rakuten, which also owns Canadian e-book creator Kobo and Buy.com, is giving Amazon.com its first serious competition in years. In his recent book, “Marketplace 3.0, Rewriting the Rules of Borderless Business” he sets forth a path for doing this.

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Four Critical Ways To Build a Global Enterprise

Building a global business is something that requires careful consideration, according to Irv Rothman, president and CEO of HP Financial Services, a wholly owned subsidiary of Hewlett-Packard. With over 30 years experience in leasing and captive finance, he explains what it takes to grow successfully in global markets.

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Asia’s Rising Stars: 9 U.S. IPOs to Watch

The chance to become rich and famous by starting a new business is no longer just an American dream. It’s happening in Asia, and in record numbers. Since 2005, more than 6,000 startups in Asia snared venture capital to ramp up their businesses. More than half of those were in China or India.

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