This month, we continue to turn our attention towards the powerful combination of trends from each category that are converging to bring revolutionary change to the  global economic and business environment. In this article, we cover how social media, evolving alliances, and trends in global innovative capacity are converging and how you can use the opportunity to your advantage ...Read the Transcript

Ed Rigsbee Author, Consultant & Advisor Partner Shift: How to Profit from the Partnering Trend http://rigsbee.com

Ed Rigsbee, is one of America ’s most prolific authors on the subject of Business Growth from Strategic Alliances, he is a consultant and advisor to world class clients such as Toyota, 3M, Dun & Bradstreet, Spirit Aerospace, BE Aerospace, George Fischer Signet, Mead, Siemens, Roland, Best Buy, and others. He is the President of Rigsbee Research and a nationally recognized expert on strategic alliance development and implementation. He is the author of 5 books:• PartnerShift-How to Profit from the Partnering Trend • Developing Strategic Alliances • The Art of Partnering • Brian Gets To Play • Customer Service Screw Ups-Learn from the Mistakes of Others (Forthcoming)

This month, we continue to turn our attention towards the powerful combination of trends from each category that are converging to bring revolutionary change to the  global economic and business environment. In this article, we cover how social media, evolving alliances, and trends in global innovative capacity are converging and how you can use the opportunity to your advantage. The initial capability of social media to connect people has become a capability for those same people to not just find each other but to conduct business, capitalize on innovation, learn from each other and much more. When the emerging global economy was spiked with the potent brew of social media, the evolution accelerated. What is a country in this global business environment but an affiliated company with the people as shareholders (we hope). We invest in countries as much as we invest in companies. Evolving alliances around the world can come in many varieties. As a business you must become politically and economically savvy about who you deal with and how you deal with them.  At the same time, global innovative capacity is increasing and certain countries are taking the lead: Singapore, Sweden, The Republic of Korea , and Barbados have all begun a surge forward towards regional and global economic innovative dominance. The convergence of social media, evolving alliances, and trends in global innovation have resulted in a global innovation economy with as many dangers as opportunities. Terrorism and unhealthy alliances are the greatest dangers but the opportunities are boundless...and border-less. To turn this convergence of trends into an advantage, consider the following: You are who you surround yourself with. Do not trade away your innovative capacity for anything in the world. Individual countries offer enormous potential for fruitful partnership. Shop the world for what you and your organization would profit from the most and dive in! Avoid counties likely to succumb to unhealthy alliances and economic warfare. Don’t allow yourself to paint any one region in a negative light based on a few problematic entities. Put these lessons and tactics together and enjoy the accelerating global innovation marketplace. The advantage will be yours, and it will be global.