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We are reminded daily in business that times have changed. Nowhere is that more evident than in the financial world. Consider that nearly half of the companies included in Fortune Magazine’s” Global 500 List” from 2000 were not represented on the magazine’s 2009 list.
Almost as surprising is the declining representation of companies based in G-7* countries. At one time only 16 percent of Fortune Global 500 companies resided outside of these seven powerhouse countries, but by 2009 that figure had ballooned to 32 percent.
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Here at home, the number of U.S.-based companies on the Fortune Global 500 has declined from 176 in 2005 to 139 in 2010—a stat that comprises a mere 28 percent of the prestigious list.
This ongoing paradigm shift in business has resulted in considerable impact across a range of functional areas, and is creating new opportunities and challenges in the international training field.
On Thursday October 7 at 11:00 a.m. eastern, TRACOM and HR.com will host a free webinar discussing Best Practices in Global Training. Click here to register.
* G-7 Countries: Canada, France, Germany, Italy, Japan, United Kingdom, and United States