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Here’s what it takes for an organization, big or small, to go global or expand further.
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Aligning Your Company for Global Expansion by Laurel Delaney (2/21/15)
1.
Presented by: Laurel
Delaney for the! UCLA Anderson School of Management (2/21/15) Aligning Your Company for Global Expansion Factors to Consider
2.
Get a company-wide
commitment.
3.
Be in the
ready state.
4.
Choose a market.
5.
Develop a market
entry strategy.
6.
Establish a! payment! plan.
7.
Price thoughtfully.
8.
Make sure you
are financially sound before going global.
9.
Tailor your products
to the! overseas marketplace.
10.
Protect intellectual property.
11.
Get information well
in advance! of your global initiative.
12.
Ask distributors what
they anticipate selling overseas.
13.
Meet with your
customers.
14.
Diversify at some
point.
15.
Provide! customer! service.
16.
This is all
part of the process of turning your vague ambitions into a concrete strategy based on market realities, so the more smart questions you ask and answer, the better your chances of global success.
17.
Thank you for
your time. Questions?
18.
Connect with me
… ❖ Laurel Delaney, 773-381-1700, ldelaney@globetrade.com, @LaurelDelaney, The Global Small Business Blog (www.globalsmallbusinessblog.com), GlobeTrade.com, Women Entrepreneurs GROW Global (www.womenentrepreneursGROWglobal.org) and About Import & Export Expert (www.importexport.about.com) ! ❖ Books: Exporting: The Definitive Guide to Selling Abroad Profitably and Exporting Essentials: Selling Products and Services to the World Successfully (Apress) Photos and content courtesy: ©2015 Laurel J. Delaney. All rights reserved.