US thanksgiving black friday sales record set

Although the final numbers arent in yet, many analysts are already predicting a record year for Black Friday sales. IBM is predicting a 24.3% increase sales over last year for black friday sales. ComScore says online sales grew 26% (compared to 2010) totalling $816 million. ShopperTrak said : “This is the largest year-over-year gain in… Continue reading US thanksgiving black friday sales record set

DEALING WITH CHINA (PART 3)

The importance of “Saving Face” Having spent many years in Asia, I quickly learned the importance of maintaining “face” when dealing with Asian businessmen. This becomes important when engaging in negotiations (for example). You must always allow the other participant to have a little wiggle room [even after submitting their best offer]. Even tough the… Continue reading DEALING WITH CHINA (PART 3)

DEALING WITH CHINA (PART 2)

… continuation  Intellectual Property The previous paragraph highlighted the difference between laws “on the books” and the extent to which business people are willing to bend them for profit. As a foreign company entering into the Chinese market, you should be thinking about how you will protect your Intellectual Property.  A common example of this… Continue reading DEALING WITH CHINA (PART 2)

Twitter for marketing and Public Relations (PR)

When I first discovered Twitter, I thought it was the stupidest thing in the world. After all, how can you effectively communicate in 140 characters. Would it be worthwhile to follow others? I just did not understand it. Then after playing with it for a while, I finally understood it s value and power. It… Continue reading Twitter for marketing and Public Relations (PR)