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Grow Your Global Markets: A Handbook for Successful Market Entry
Edition: 1st ed.
Publication Date: 2017-10-18
Number of pages: 282
Use this comprehensive primer to simplify exporting, discover exportable products and services, and determine and select the best target market entry alternative while ensuring that you get paid. US small- to medium-size business owners (SMEs with less than 500 employees) interested in entering foreign markets will learn how to overcome the most significant challenges and barriers to entering foreign markets.
Firms operate in a worldwide economy responsible today for 40 million US trade-dependent jobs and approximately six million US factory jobs―roughly half of all manufacturing employment, whether or not they have any interest in global business activities. In the face of globalization, small businesses must evaluate their strengths, weaknesses, opportunities, and threats and then develop strategies that effectively respond to the globalized business environment in which they operate. If your firm is growth-oriented―and what business is not?―you should grow global markets as an important strategic option allowing you to:Reach new customers/markets with little or no competition
Reduce dependence on a limited number of major customers
Even out business cycle-related demand fluctuations
Extend the life of niche products to new markets
Develop a global network of contacts and partners that improves their offerings to established customers What You’ll LearnDetermine your role in global markets
Identify target markets and find customersNegotiate around the worldComplete the transaction and understand international trade procedures and regulationsUnderstand the keys to global market growthFollow sample forms and sales proposals
Who This Book Is For
US small- to medium-sized business owners