Global Business Archives - Page 4 of 6 - Dr. Ivan Misner®

Survey Says: Summarized Conclusions about Business Networking & Gender

What have my Business Networking and Sex co-authors and I concluded after 12,000 individual surveys, almost 1,000 comments and stories, numerous interviews, months of research, and years of experience?  Below is a recap of the facts we uncovered.

Study Findings, Summarized

  • Men and women were closer together than we expected in most areas.
  • However, the perception of the difference is very dramatic.  Remember: The exception becomes the perception.
  • Women feel that networking has played a slightly larger role in their success than men.
  • Women use a much wider variety of techniques to learn their networking skills than men do.
  • Men are more likely to focus on business first than women are.  Women are a little more likely to focus on building the relationship first–then the business.
  • The time of day for networking was not a big issue for either gender.  This was a surprise to us.
  • Family obligations were more of a problem for women.
  • Women definitely did not feel as safe as men in attending evening events.
  • Men preferred either a structured or unstructured networking event.  Women felt okay with either.
  • Both men and women felt that other people were more uncomfortable networking than they felt about it themselves.
  • Men felt stronger about transactional aspects of networking.  Women felt stronger about relational aspects of networking.
  • Men spent a little more time networking.
  • Women received a higher percentage of their business from networking than men.
  • The more time either men or women spent in their networking efforts, the higher the percentage of business they generated.
  • The more often people used systems to track their business from networking, the more likely they were to feel that networking played a role in their success.

Men and women are not so different in the success they desire in business and networking.  However, the process, the mindset, and the way of making the results happen are very different.  The reason is that we have different ways of viewing the world.  Some of this comes from nature and some from nurture.  What it means is that if we want to be more effective, we must learn how to respect, appreciate, and embrace one another’s differences.  We must understand that we can work more effectively together as a team in business and in our networks.  We just need to learn to be adaptable, empathetic, sensitive, and understanding that THEY are not you.

You can and will beat the odds.  The exception doesn’t have to become the perception.  It can be you! 

Come back next week for some advice from the whole team of Business Networking and Sex co-authors–these tips will help you achieve your highest potential when it comes to networking and guide you into your brightest future in referral marketing.

Networking in Thailand, Malaysia, or Japan?–Dos and Don’ts to Note

Understanding cultural differences when doing business and networking around the world is  becoming increasingly important in this global society (click here for an explanation).

On a related note, I posted a blog entry a few weeks ago outlining valuable tips from top networking experts in China and Vietnam which will help people traveling to those countries to position themselves for the most successful outcome when networking and doing business there.  I promised that I would revisit the topic of what to do when preparing to network in Asia by posting another blog specifically offering advice on networking in Thailand, Malaysia, and Japan–today I am following through with that promise.

Thai and Malaysian business networking expert Avryl Au (pictured above) has a number of important recommendations for networking and conducting business in Thailand and Malaysia:

  • When doing business in Thailand, they do not shake hands.  Instead, they put their hands together (palm to palm) and place them just in front of their face, close their mouth, and bow slightly.  It is acceptable for foreigners to do the same.
  • In Malaysia, Au says that the handshake is the official way to greet, but after that you put your right hand on your heart.  Westerners generally have a firm handshake.  However, in Malaysia the handshake is generally softer.  This is not a sign of weakness.  It is simply the cultural norm.  Again, foreigners may do the same.

Asato Ohno (pictured below), one of Japan’s leading experts on networking says, “One big difference between the Japanese culture and Western business culture is an activity the Japanese call ‘nominication,’ which means drinking communication.”  According to Ohno, “In order to build any kind of meaningful business relationship with your associates, you must go out for dinner and drinks.”

While this concept is not foreign in Western business culture, it is something that is much, much more important in Japan.  Ohno says, “People believe they can build deeper relationships with others more quickly by drinking together.  It is almost like having casual one-to-one meetings regularly.  Therefore, it is important for any business person to prepare and to plan for ‘nominication’ sessions in order to be successful.”

Finally, exchanging business cards is an essential part of most cultures.  In most Asian countries, after a person has introduced him or herself and bowed, the business card ceremony begins.  In Japan, this is called meishi The card is presented to the other person with the front side facing upwards toward the recipient.  Offering the card with both hands holding the top corners of the card demonstrates respect to the other person.

The business card is admired much more in Asian culture than it is to us here in Western society.  It is truly an extension of the individual and should always be treated with respect.  Things like tucking it into a pocket after receiving it, writing on it, bending or folding it in any way, or even looking at it again after you have first accepted it and looked at it are not considered polite and can insult your fellow Asian networker.

So, with that last recommendation, I think I’ll grab some business cards, set a reservation at a local restaurant, contact some business associates, and start a little nominication of my own. Cheers.

Women Are the New Men

 

I was recently interviewed by Bill Moller on the “First Business” news show about men and women in business. 

The host said that “women are the new men.”  It’s an odd statement, I know, but I promise that if you take a mere three minutes out of your day to watch this video clip of the interview, you’ll understand what he means by this and you might not think it’s such an odd statement after all.

I came to the conclusions I talk about in this interview based on many recent statistics and findings by esteemed business publications and I think it’s a really interesting and noteworthy topic.  What are your thoughts on this? Do you agree? Disagree? . . . I’d love to hear your input so, by all means, please leave your thoughts in the comments section.

Business Networking & Sex: Survey Says . . . Time Spent Networking

In this short video, I share a portion of the results from the survey of 12,000 businesspeople on which my most recent book, Business Networking and Sex: Not What You Think, is based.   The results I discuss here indicate that there is a very powerful, direct linear correlation between the time spent networking and business success.

You’ll also hear some colorful comments in the video relating to the book and my co-authors (e.g., “Frank, you’re a bad, bad boy . . .” ;-)).

After watching the video, please leave a comment explaining whether you feel the indication of the statistics is true or lacking based on your personal networking experience.

Preparing to Network in Asia?–Consider These Valuable Tips

Last week I posted a blog about how cultural differences play into global networking and how understanding those differences becomes very important as we do business around the world.

On a related note, I’d like to offer some valuable tips I’ve picked up from a handful of networking experts in Asian countries–today I’ll focus on China and Vietnam and in the coming weeks, I’ll revisit this topic and provide the additional advice which comes from experts in Malaysia and Japan.

One of China’s leading experts on networking, Jihong Hall (pictured with me below), says that “face is everything to the Chinese.”  When used in a business context, face is not something you wash or shave but is something that is granted or lost.  In China the word face is an idiom for dignity, prestige, honor, respect, and status.  According to Hall, Westerners often make jokes at their own expense or at other people’s expense.  They have a knack for laughing at themselves.  However, she strongly recommends that you do not do this with the Chinese until you know them very, very well.  If you lose their face you will lose their business.

She has three additional recommendations when working with the Chinese:

  • When negotiating, always keep plenty in reserve.  A deal must be a compromise in which you have given enough ground so that their face is satisfied.
  • Numbers are very important to the Chinese.  For example, if your company was formed in 1944 it is best not to mention it because that means “death, death” in Chinese culture.  Even prices and fees charged are guided by the right numbers.
  • How you look is VERY important.  Dress well.  Smart, casual dress is fine; however, wear stylish clothes.

Vietnamese business networking expert Ho Quang Minh (pictured above) also recommends that you look formal when doing business in Asian countries.  He says:

  •  Westerners should be aware that some Asian businesspeople may talk less because they do not feel comfortable speaking English.  Don’t assume that they are not highly successful or that they are not driven business professionals simply because they come across as quiet or reserved.
  • Discuss business over a meal.  Do not go straight to the point at the first meeting.

What do you think of this advice–do you find it helpful?  If you are a networker in Asia or commonly network in Asian countries, what has your experience been?  Do you have any insights to share?  Please leave your thoughts in the comments section.

 

 

How Do Cultural Differences Play into Global Networking?

Understanding cultural differences when doing business around the world is  becoming more important in a global society.  Even within large countries like the United States, there are definitely differences from one region to another.  When you go beyond that and look at one country vs. another, the differences become even more impactful on business.

When we concentrate on similarities with each other in business, the differences aren’t that important.  Problems arise when the differences appear to be all there are.  When entrepreneurs focus on the perceived differences between each other in business, these differences can become stumbling blocks to developing a strong relationship, which is, after all, the ultimate goal of networking.  When you factor in differences in communication and behavioral styles it exacerbates the perceived differences.

Although many networking basics are universal, if you can factor in these and other cultural nuances you will definitely get a leg up when doing business in other countries.  Your networking etiquette will be greatly appreciated as your business increasingly takes you into other countries, especially if you can learn a few words or commonly practiced traditions of that country.  Showing this kind of respect will go a long way in making a smoother connection with the local business people you are trying to work with.

The old saying “When in Rome, do as the Romans” is very appropriate.  However, one thing I’d strongly suggest–don’t just “do as the Romans,” take the time to actually “ask a few Romans.”  I have had amazing suggestions from local business people I knew in other countries who thoroughly prepped me for the cultural differences in networking prior to my arrival in their country.  Their counseling and coaching made a huge difference in my ability to connect in an appropriate way throughout many of the countries I have visited.

Be sure to come back next week where I’ll be sharing some valuable tips I’ve picked up about doing business and networking within the Asian market.  In the meantime, if you have any useful tips or bits of advice for successfully networking in a certain country or region of the globe, please–by all means–share this information in the comments section.  You never know who you could be helping!

 

This is International Networking Week

What are you doing for International Networking Week?

2012 marks the 6th annual celebration of International Networking Week which is now recognized by many countries across the globe, with thousands of events being held during the celebratory Week. One of the main goals of the Week is to help businesspeople everywhere build their networking skills and expand the opportunities within their reach and, in the video, my Business Networking and Sex co-authors and I offer some very valuable pointers on where to focus your efforts in order to make the most of International Networking Week.

This short, 9-minute video, sponsored by Referral Institute (www.ReferralInstitute.com) and Entrepreneur Press (www.Entrepreneur.com), explains how the week of February 6th-10th, 2012 will bring about great opportunities for businesspeople around the world and increase worldwide awareness about the powerful benefits of business networking.

For additional Information, please visit www.InternationalNetworkingWeek.com.  This is a great time to invite your friends and associates to a network you belong to.

Tell me, what will you do this week to help your networking efforts?

International Networking Week® 2012–New Video

 

 

The new video for International Networking Week 2012 has just been released!

This short, 9-minute video, sponsored by Referral Institute (www.ReferralInstitute.com) and Entrepreneur Press (www.Entrepreneur.com), explains how the week of February 6th-10th, 2012 will bring about great opportunities for businesspeople around the world and increase worldwide awareness about the powerful benefits of business networking.

2012 will mark the 6th annual celebration of International Networking Week which is now recognized by many countries across the globe, with thousands of events being held during the celebratory Week.  One of the main goals of the Week is to help businesspeople everywhere build their networking skills and expand the opportunities within their reach and, in the video, my Business Networking and Sex co-authors and I offer some very valuable pointers on where to focus your efforts in order to make the most of International Networking Week.

Don’t wait until the last minute to join in the celebration and start the year off as a better networker–watch the video now, find an event in your area, and come back and let me know what you’ll be doing to recognize International Networking Week.

For additional Information, please visit www.International Networking Week.com.

Double Dip Recession?

The third quarter survey of the BNI Business Index was not very promising for business around the world.  The survey included responses from over 1,200 business people representing every populated continent in the world.

The number of people who said that business was growing or growing substantially in the third quarter of 2011 dropped to 66.9% compared to 70.4% in the second quarter of 2011.  More notably, the number of people who said that business was declining or declining substantially almost doubled from 5.4% in the second quarter to 9.6% in the third quarter of 2011.

 

 

 

 

 

 

 

 

 

 

 
In addition, the number of people who said they would or possibly would be hiring in the next few months dropped from 53.9% in the second quarter to a low of 45.9% in the third quarter of 2011.

 

 

 

 

 

 

 

 

 

 

 

 

 

Almost 300 respondents left open ended comments on the survey.  There were at least three common themes throughout the open ended responses: problems related to government regulations, developing new services to offer, and increased networking efforts.

Government Regulation

Once again, government regulation came under fire in many of the open ended comments that business people shared in the survey.  There was a fair amount of frustration about “anti-business policies having a very negative effect” on the business environment.

One respondent said that his business was “down 80%” because of government “bungled schemes.”  Another response said, “Today’s business has been hurt from the government’s restrictions on business in this country.”

This kind of frustration was echoed by many respondents throughout the survey.

New Services

On a positive note, people who seemed to be doing better often discussed new services or target markets that they were developing.  One respondent stated, “We re-evaluated our strengths, costs, and profit.  We realigned our costs and added new services to our offering.”

Another person said they were “offering new service features and distinctly communicating our target market to our referral partners.  We’ve had to adjust to the market.  It’s not ‘business as usual’ anymore.”

One respondent stated, “I’ve had to change my business strategies due to the economy.  I have added more services at more price options that will appeal to a broader scope of people.”

Another person summed up this theme well by saying, “We have grown because we are embracing change.”

Networking

Networking and referral marketing strategies again came up as positive ways to deal with the economy.  One person stated, “Business is picking up due to my learning more and more about developing word of mouth and other referrals.”

One respondent combined the “new services” and “networking” themes by saying that he was doing well due to “a combination of new innovations on my products and increasing my networking relationships.”  He expressed that these things “contributed greatly to this year’s business.”

Other people made statements such as:

  • “Networking and sponsorship of corporate events is the key to growth at the moment.”
  • “My referral base is responsible for the growth of my business during the economic downturn.”
  • “We are working hard at building a strong network of positive people.”

Summary

One respondent in particular summed up the general consensus of many of the respondents very well when she said, “There is less confidence in the marketplace now than there was during this same time last year.”

Another survey respondent made what could be considered a somewhat prophetic statement—“The financial industry is out of control.  The protesters have the right idea!”

Hmmm . . . Wasn’t it Thomas Jefferson who once said, “Every generation needs a new revolution”?  It might be time for businesses to pull out some poster boards and markers.

To take the next BNI Business Index survey, click here.  I’d love to have your thoughts about how business is doing.

Can Cultural Differences be Affecting Your Networking Success?

 

A few weeks ago, I spoke at an event in Israel and while I was there, I got to talking to my good friend Sam Schwartz about the very different networking styles and tendencies which occur from country to country.

It is very important to consider and respect cultural differences when networking and doing business in different countries across the globe and, in this short video, Sam and I discuss why it is important and how you can prepare yourself in order to achieve great networking results no matter where in the world you may be.

After watching the video, please share your own stories in the comments section about the differences in business and networking styles and tendencies you’ve observed when networking in various countries around the world.  Also, be sure to visit the following website which is a fantastic educational resource in regard to cultural differences: www.ExecutivePlanet.com.

Entrepreneurial DNA

One of the reasons I am so endlessly passionate about business networking and finding new ways to inspire the growth of businesses around the world is because I absolutely love surrounding myself with people who exude the entrepreneurial spirit.

As children, we have the sense that “the world is our oyster,” so to speak, and that anything is possible.  Unfortunately, over time, many people lose this sense of wonder and adventure and the accompanying faith that anything is possible.  Entrepreneurs, however, never lose this open-minded outlook about opportunities and possibilities and we have a constant desire to make a unique mark on the world.  This is why I am continuously inspired by the entrepreneurs I meet in my travels across the globe and why I will continue to focus much of my effort on encouraging and supporting entrepreneurial enterprise in much of what I speak about and write about.

So, when I recently read a book called Entrepreneurial DNA written by Joe Abraham, Founder of the BOSI Performance Institute, and realized what a powerful tool it is for entrepreneurs, I couldn’t wait to share it.  I was so impressed by the content that I endorsed it as the ultimate roadmap to building a thriving business and life as an entrepreneur.  I would like to encourage entrepreneurs in every part of the world to read this book because I believe it offers tools to optimize your entrepreneurial business endeavors that you won’t find anywhere else.

Joe has outlined a breakthrough entrepreneurial profiling system called the BOSI system which empowers entrepreneurs to align their business to their unique strengths because, clearly, all entrepreneurs are not the same.  As the inside cover of Entrepreneurial DNA states:

Entrepreneurial DNA proves the simple but critical fact that not all entrepreneurs are cut from the same cloth.  After all, nobody would put Donald Trump, a multilevel marketer, and the owner of a local pizza parlor in the same category.  Everyone possesses unique entrepreneurial “DNA”–and discovering yours is the critical first step to success.

To help you build a successful business or optimize results within your current business, serial entrepreneur and business strategist Joe Abraham has developed the BOSI system–a simple, structured process for determining your own entrepreneurial tendencies, strengths, and growth areas.  With the BOSI system, you can create a strategic plan mapped to your entrepreneurial DNA that will improve all aspects of your business and leadership journey. (The) system provides four entrepreneurial categories that people fall into.  Which type of entrepreneur are you?

Builder:  Strategic, always looking for the upper hand
Talent: creating scalable business ventures

Opportunist:  Speculative, always in the right place at the right time
Talent: making money fast

Specialist: Focused, in it for the long term
Talent: providing exceptional client service

Innovator:  Inventive, with a desire to make an impact
Talent: creating game-changing products

If you are an entrepreneur, you owe it to yourself and your business to read this book–you’ll thank me later. 🙂

To learn more about Entrepreneurial DNA, CLICK HERE.

To order the book through Amazon, CLICK HERE.

To order the book through Barnes and Noble, CLICK HERE.

FREE Webinar with Michael E. Gerber!

 

I’m excited to extend a very special opportunity to all BusinessNetworking.com blog readers to attend a FREE webinar that I am hosting on October 28th which will feature my good friend, renowned business expert and author of The E-Myth, Michael E. Gerber.

To get full details on the webinar, CLICK HERE and watch the short video where Michael and I explain the invaluable business insight you’ll gain by attending the event–it will undoubtedly help you to build your brand and grow your business.

Space for the free webinar is limited so, after watching the video, be sure to CLICK HERE TO REGISTER for the October 28th event and reserve your spot–I’m looking forward to having you join us!


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