Entrepreneurial Updates Menu

Entrepreneurial Updates
View Latest Posts
View Subscriptions
Posting Instructions

Active Bloggers

Will Moss Will Moss
Hampton University class of 1995
Reggie Culpepper Reggie Culpepper
Clark Atlanta University class of 1998
Lizzie  Weakley Lizzie Weakley
class of
LaMarr Blackmon LaMarr Blackmon
Cal St Univ, Long Beach class of 1992
HBCU CONNECT HBCU CONNECT
Central State University class of 1995
Kennedy Williams Kennedy Williams
Spelman College class of 2020
Lailah Berry Lailah Berry
Kent State University class of 2020
Kamal Imani Kamal Imani
New York Inst of Tech class of 1997

Globalization and Black Business

Globalization and Black Business
Posted By: Sierra Austin on July 21, 2008

As a student, I find it useful to attend as many conferences a possible because I find them to be a great outlet for learning and social networking. Even if a particular conference is not parallel to my major, I always learn something. Whether it be information concerning resumes, interviewing techniques or new trends in diversity inclusion, valuable information is bound to be gained.

I recently had the opportunity to attend a women's entrepreneurship conference. Upon receiving the information, I thought it would be quite beneficial to attend a conference specifically organized and facilitated by minority female business women.

It was a delight to see successful black women managing successful business serving as mentors to those seeking to do the same. I say this because so many times, even at the undergraduate level, black women have the tendency to become jealous of each other. When strides are made, instead of complementing and assisting one another, envy emerges.

The conference covered the necessary basics of owning your own business such as government certifications, small business management and branding your own business. All of which are essential. However, realistically, all of this information can be received from text.



This is all preliminary information that one seeking to strike up their own business should be fairly familiar with before even allowing the ink on their business plans to dry.

I found this information to be relatively redundant because there are so many other new trends going on in the business world that people aren’t familiar with. Primarily being globalization. Globalization can be defined as the integration of national economies into one international economy. Globalization affects not only the economy, but technology (specifically the internet), culture and politics (just to name a few areas). Globalization has changed the traditional division of labor system by knocking down walls known as ‘state-enforced restrictions' and creating massive interaction with the rest of the world.

To be able to successfully compete in today’s economy, not only do you need a solid business plan and capital, it is imperative that you think about the following factors:

• Is my plan truly innovative? Why?
• Who is my competition (regionally, nationally and globally)?
• How/why does my plan integrate a strong technological focus?

Although the conference was a great way to prepare minority women for entrepreneurship, I am sad to say that I truly did not hear innovative ideas. Everything expressed had been previously marketed in some way, shape or form. I was even looking to hear about products already on the market that had been revamped and supported a clever new marketing tactic but sadly, I did not. Furthermore, I did not hear a word concerning outsourcing, off-shoring or supply-chaining. I definitely wish this conference had a part 2.

We definitely want to support our black business and see them succeed on much larger scales. The knowledge of globalization and being cognizant of its increasingly fast paced rate is crucial.
If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email!
Comments
Please Login To Post Comments...
Email:
Password:

 
Jon C.
Benefits Management Analyst at State of Ohio
Great article. In order for us to be truly competitive in the marketplace, we need to be thinking long-term and large scale. I think that we often tend to limit our thinking and our aspirations because we believe that a successful business on a global scale is unattainable.

To survive in the 21st century marketplace, we'll need to be able to find opportunities and human capital wherever they exist in the world, because that is exactly what our competitors will be doing.
Monday, July 21st 2008 at 1:12PM
More From This Author
Breast Cancer Risk Factors
NABJ Congratulates Debate Moderator Gwen Ifill
National Breast Cancer Awareness Month
Pen To Paper Literary Symposium
South Africa House, London
Shaw To Take on Texas Southern in Capital City
Latest Entrepreneurial Updates
4 Tools You Will Need for International Business Relationships

4 Tools You Will Need for International Business Relationships

The investigation of worldwide business relationships includes understanding the impacts that the tools described have on homegrown and unfamiliar business sectors, nations, governments, organizations ...more
Lizzie Weakley • 7 Views • May 13th, 2021
Millennial and HBCU Graduate Builds Multi-Million Dollar Real Estate Portfolio on Chicago’s Southside!

Millennial and HBCU Graduate Builds Multi-Million Dollar Real Estate Portfolio on Chicago’s Southside!

Eugene Lee, 32, HBCU Grad and US Army Veteran acquires third multifamily building on Chicago’s Southside Bronzeville neighborhood, demonstrating the importance of “owning our own.” CHICAGO, BRONZEV ...more
TLG Development, LLC • 426 Views • March 16th, 2021
3 HBCU alums bring value to 2.2 billion dollar development

3 HBCU alums bring value to 2.2 billion dollar development

Morehouse,North Carolina Central, and Shaw alums bring value and trust for minority’s in 2.2 billion dollar development in Raleigh NC ...more
Guest Visitor • 628 Views • December 27th, 2020
70% OF BLACK/BROWN PEOPLE FAIL TO SECURE THEIR LIFE/FUTURE

70% OF BLACK/BROWN PEOPLE FAIL TO SECURE THEIR LIFE/FUTURE

The critical time to secure your future, your family, your retirement your end of life expenses is NOW! Statistics show that 70% of Black/Brown Americans do not plan, provide, put in place the necess ...more
PAT BARROW • 663 Views • December 25th, 2020
Black Genius At Work

Black Genius At Work

Free Stuff! Blackmalesthrivinginthe21stcentury.com ...more
Phil James • 626 Views • December 18th, 2020
Popular Entrepreneurial Updates
New Era presents Tradition HBCU Apparel Collection

New Era presents Tradition HBCU Apparel Collection

BUFFALO, NY (Sept. 2008) - New Era Cap Co., Inc., the leading headwear designer and manufacturer, announced that it will team up with Tradition, an Atlanta-based apparel design company, to launch "Ne ...more
Reggie Culpepper • 17,190 Views • October 17th, 2008
Featured Business: Dangerous Negroes?

Featured Business: Dangerous Negroes?

The Black community is currently in a state of social and cultural recession where negative stereotypical behavior is not only condoned, but glorified. Hip Hop culture, which had noble beginnings, has ...more
Daniel Moss • 10,352 Views • October 10th, 2006
INSURANCE FOR THE HBCU FAMILY!

INSURANCE FOR THE HBCU FAMILY!

We are proud to announce a great new benefit for the HBCU Community. HBCU Connect has partnered with Living Waters Group LP to provide our students, parents, alumni, faculty, and fans with affordable ...more
Daniel Moss • 8,786 Views • January 12th, 2007
Meet the Only Black Woman in the U.S. Who Owns Her Own Bank

Meet the Only Black Woman in the U.S. Who Owns Her Own Bank

Meet Kiko Davis, the majority owner and stockholder of Detroit-based First Independence Bank, one of the top 10 largest Black-owned banks in the United States. This makes her the only Black woman in t ...more
Will Moss • 8,499 Views • June 8th, 2020
For the Diddy fans - upclose interview

For the Diddy fans - upclose interview

Diddy gets with ABC's Martin Bashir for an interview / special, where the mogul discusses a variety of topics -- including his vast empire, his rise to the top through music, the infamous feud with De ...more
torin ellis • 7,197 Views • June 13th, 2010
Please Give Us a Like on Facebook!