Goodbye Sweet Sweden- Business Sweden & Volvo and Volvo Group

Business Sweden established themselves by stating, “We are business developers with a unique mandate to help Swedish companies grow global sales and international companies invest and expend in Sweden.” The mission of the Business Sweden is to assist startup companies with the creation and expansion of the company. According to Cecilia Öberg Leiram, their mission is to attract foreign companies to operate in Sweden or help Swedish companies expand and grow.  

Caption: Business Sweden

The organization is operated by the government. They provide services such as trade facilitation, business delegations, and global business development. They support Swedish businesses through innovation, competitiveness, and sustainability. In addition, Sweden is a startup powerhouse because it invests considerably in research and development with public funds. There's also a lot of emphasis on innovation and entrepreneurship. In addition, there is a generous social welfare system. Sweden wants to create and construct something meaningful. This is a stark contrast to the United States, where people are more goal-oriented and driven by a desire to make money quickly rather than by a sense of mission.

Caption: Briana Sara and Sarah Ramirez at the World Trade Center Stockholm for Business Sweden presentation.

Spotify, Klarna, and Zettle are just a few of the companies that have benefited from Sweden Business. Sweden is also a major center for innovation. Ericsson, H&M, and Volvo are just a few of the innovative companies. Sweden has also aided in the discovery of 35 unicorns. Unicorns are companies with a market capitalization of at least one billion euros. In addition, Swedish businesses were able to raise more than half of the country's venture capital funding in 2021. Venture capital is used by firms to fund their start-ups. In addition, Swedish businesses raised $7.88 billion euros for startup companies. 

Caption: Briana Sara and Sarah Ramirez at Volvo

Our final company visit in Gothenburg took us to Volvo. Volvo Cars and the Volvo Group are a force to be reckoned with in terms of automobiles, buses, and trucks. Volvo is well-known making safe autos, and have a strong presence in China and the USA. Volvo provided us a tour of their facility, which was extremely futuristic, with the most cutting-edge robots assisting with design and assembly. Volvo likewise uses a combination of robots and humans to ensure that its automobiles are constructed to the highest standards. Lastly, they are collaborating with Nortvolt on automotive batteries which will enhance the automobiles produced by Volvo. It was great to connect a prior company visit to Northvolt with Volvo.

Volvo Group, on the other hand, is known for its trucks, buses, and construction equipment. It is present across Europe, North America, and Asia on a global scale. Volvo was established in the year 1927. Furthermore, there is a strong emphasis on sustainability and the use of fossil-free energy. The conversion to fossil-free energy is expected to be completed by 2050. In addition, Volvo is developing self-driving vehicles in order to compete with it's competitors such as Einride. 

Overall, this experience of visiting twelve companies in twelve days while exploring Sweden has taught us a great deal. Nothing compares to actually visiting these companies and organizations in person while truly being immersed in Swedish business practices and culture. We enjoyed meeting with such incredible leadership and innovative companies while in Sweden. Sustainability is one major recurring theme among Swedish business culture and one thing we hope to implement in our lives and careers moving forward. We are incredibly grateful for this amazing opportunity to spend time in Sweden and explore Scandinavia a bit more after our travel course came to a close.

#ScandiSisters #ScandiRoomies #BizScand #ChapmanU #ArgyrosAdvantage #ChapmanMBA #SocialProfessor #BizScand2022 #ChapmanArgyros

Caption: Sarah Ramirez and Briana Sara at the top of the Oslo Opera House in Norway
Caption: Briana Sara and Sarah Ramirez at The Little Mermaid statue in Copenhagen, Denmark