This post was written by Jim Marino

The U.S. is still leading the world in fostering technology innovation, but other countries are rapidly catching up, according to a global survey of about 400 venture capitalists conducted by Deloitte & Touche and the National Venture Capital Association. The biggest reason for the current globalization of technology is the Internet, which “creates perfect information for everyone,” said Mark Jensen, a partner at Deloitte & Touche. People anywhere in the world can figure out who’s starting companies and how to be like them. “Technology flows around the world, and it’s as easy for the Chinese to invest in the U.S. as for the U.S. to invest in China, maybe easier,” he said.
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This post was written by Jim Marino

CDC Software, a wholly owned subsidiary of CDC Corporation and a global provider of industry-specific enterprise software applications and consulting services, has announced results from a Leadership Survey of its customers at the Securities Industry and Financial Markets Association’s (SIFMA) Technology Management Conference & Exhibit in New York. The survey revealed that globalization is a common thread that will continue to help their industry evolve, with seventy five percent of those surveyed seeing globalization as a primary factor that they believe will continue to enable the financial services industry to advance.
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This post was written by Jim Marino

According to the recently released third annual RSM McGladrey Manufacturing and Wholesale Distribution National Survey (MWD) conducted on 911 firms, companies reporting their business conditions as “thriving and growing” declined by nearly 10% in the past year. However, business remains good for more than a third of survey participants within the following industry segments: food and allied products, medical devices, industrial equipment, metal fabrication and electronics. While cost advantages of globalization are shrinking — respondents moving production or services offshore since 2007 have declined by 20% — opportunities to benefit from participating in the global economy remain underutilized.
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This post was written by Jim Marino

Cisco Systems Inc.’s Chief Technology Officer Padmasree Warrior said that video is the single most important application on the network that would drive network growth rates. Warrior believes that with the world moving towards multi-polar economies, the technological innovation would now come both from emerging and developed markets. According to Warrior,
“Cisco already has services as central to its approach to globalization. As we become stronger in emerging markets with our products and solutions, our focus is to provide an end-to-end solution which includes services.”
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This post was written by Jim Marino

According to a survey conducted by EquaTerra’s Advisor and BPO/ITO Service Provider Pulse 2Q08, organizations are increasingly building and utilizing complex services supply chains to lower costs and address the emerging opportunities and perceived threats of globalization. Most organizations are yet to do a good job of arranging relationships with services providers. EquaTerra finds that buyers’ overall skills at developing quality outsourcing business cases are mediocre, particularly when it comes to assessing total costs to achieve desired improvements from outsourcing and attendant indirect or shadow costs. 2Q08 Pulse respondents rate buyers as poor to mediocre across a variety of governance activities, including their ability to measure service level agreements (SLAs) and end-user satisfaction. While these problems are not new, they are exacerbated as organizations do more global sourcing.
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This post was written by Jim Marino

During economic boom or bust, whether for import, domestic, or export, India has helped to drive globalization of the IT services industry; it is likely to create the second largest IT services labour pool after the United States within the next seven to eight years, as per an article published by the global research and analytics firm, Evalueserve.

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This post was written by Melissa Chang

According to a report from EquaTerra and World 50, Globalization is viewed by top executives at leading organizations around the world as an inevitable but positive business challenge that is here to stay and rapidly growing. In fact, a full 90% of the 217 executives questioned viewed globalization as inevitable, indicating trade protectionism or an economic downturn will not ultimately stop, or even slow, globalization’s expansion. Other findings:

- 72% think globalization will have a positive overall impact on their companies.

- Executives based in North America were 12% more likely than their European counterparts to cite globalization as making it more difficult to find and retain local staff with required skills and experience.

- Increased competition from global regions was a concern for more than 36%.

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