Expanding Your Enterprise Into The Worldwide Arena

STATEN ISLAND, N.Y. – As the only community-based commercial bank on Staten Island, Victory State Bank understands the importance of business ambitions and growth. For some businesses, growth means reaching well beyond the borders of New York City.

With that in mind, we are sharing the following article from Inc. Magazine:

How to Think Globally

CEOs are naturally students of the big picture. Bhaskar Chakravorti, senior associate dean at the Fletcher School at Tufts University and executive director of Tufts's Institute for Business in the Global Context, wants them to think even bigger. As more businesses become global in scope, leaders must become experts in geopolitics as well as economics and must be conversant in topics as diverse as the domestic agendas of foreign markets and the ways those countries use natural resources and resolve regional disputes. Chakravorti spoke to Inc. about the imperative to follow world events. --as told to Leigh Buchanan

In what sense is the worldview of U.S. business leaders too narrow?
Business leaders traditionally focus on market forces, such as customers, competitors, and suppliers. But potential crises--and potential opportunities--often can be found when imbalances or gaps occur in nonmarket forces. By that I mean the forces that surround the market. READ MORE …

About Victory State Bank:

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com .

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