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Going global represents oppOrtumtleS for business MICHAEL WYCKS ICIBC HOPEDALE | Deborah Banks (far right) manager of the C the relocation to larger premises in the mall. Hopedale area for more than 30 years. 8 exciting plans d HEADON FOREST Lambton Garden Phase II HURRY! VISIT OUR SALES OFFICE Fabulous Condo Townhomes starting from $112,900 e 1,027 sq. ft. up to $138,900 e 1,485 sq. ft. The Ultimate in Carefree Living at corner of Northampton Hwy. 5. Mon.â€"Wed. 1â€"7 p.m. Choice of 2 3 bedroom plans e full basement * single car garage Occupancy summer 1994. of the Canadian Imperial Bank of Commerce at Ho he mall. They‘re now located at the south entrance. 3RANCH MOVES GST included. at Hopedale Mall, and her staff celebrate ance.The CIBC has been serving the By MICHAEL WYCKS Special to the Beaver Designed in Italy, Germanâ€"engineered, molded in France, manufactured in North Korea and sold to Australians, a toilet made for American Standard truly is a global "byâ€"" product. â€" P trend towards economic globalization taking place in our world. It‘s a phenomenon linked to technology; technology which is redefining the nature of the firm and the nature of work. Computerization, telecommunications, and new materials have made transportation and communications cheap, global, and accessible. Traditional trade in finished goods is being replaced by trade in components and services, and productionâ€"sharing agreements and jointâ€"ventures are making traditional concepts of ownership and control obsolete. Increasing amounts of trade, investment, ‘and transfers of technology are controlled by stateless global or transnational corporations that are larger and more powerful than most of the governments in the world. s Going global is a terrifying proposition for some; others bubble with excitement. For John Bulloch â€" president of the Canadian Federation of Independent Business â€" going global presents a host of opportunities and challenges for Canada‘s small firms. "As societies change, become more sophisticated, technological and international, small firms reflect that reality. The growing complexity of the marketplace is also changing the linkages within the small business community," Bulloch says. "Small firms need alliances and networks to assist in the transfer of technology, the training of staff, the accessing of capital, the development of computerized systems, and the exploitation of markets. Clearly, small business is a ‘bottomâ€"up‘ phenomenon that reflects the broad nature of the society as opposed to the power groups in society controlled by elites in a kind of ‘top down‘ fashion," Bulloch says. Looking to the future, Bulloch says small firms "will be systems driven with linkages between customers and suppliers facilitated by various forms _ of . electronic communications. It has already begun with the massive application of fax technology. Computers talking to computers will gradually replace the flow of paper â€" especially paperwork associated with the unending complexity of the tax system and the problems of complying with government red tape. The same technologies that are making global enterprise practical are moving down to the level of the small firm with the promise. of incredible advances in productivity." Innovation, Bulloch adds, is the key to success for both small and large firms in the emerging global economy. ‘This is but one example of the powerful Aâ€"bdrm. beauty! Ceramics thruâ€"out, large principal rms., c/a, f.p., dbl. det. garage at rear!! Fenced, landscaped! Must sell! Make an offer NICK VASSOV* 338â€" 5582/270â€"8840. 281 Poole Dr. nick vassov CFIB Feature Service