How to take your business global
In an increasingly globalized economy, expanding markets beyond borders constitutes an alternative that businesses —more than ever— are considering among their options for growth. For instance, a group of mega-companies—so-called multilatinas—have capitalized on internationalization opportunities in the region and have seen significant increases in their investments and productivity as a result. A study by the Boston Consulting Group finds these enterprises showed outstanding performance, with 5.2 percent annual growth from 2008 to 2016, compared to 1.8 percent among their peers.
Corporate Governance: A match made in heaven or a relationship on the rocks?
As in romance, a company and its corporate governance structure can be a match made in heaven. Together they can ensure greater competitiveness, transparency and access to international financial markets. Consequently this attracts more investors to the country. And while the “perfect marriage” does not exist, when it comes to family business, corporate governance fosters harmony. If handled poorly, it can put the relationship on the rocks, making it problematic, uncomfortable, and at risk of corporate failure.