International Market Research- Two Quick Tips to Understand a Country

Here are two quick tips to research a country before going there

Go to dinner. If your business will take you to Thailand, go to a local Thai restaurant. Try to figure out who the managers and owners are. How are employees treated? How do they behave? Is the food presented in any special way? How long does the meal take, and why? What cultural observations can you draw from the way your meal and payment are handled?

Read a newspaper from that country. If you can find an English version or are heading to an English-speaking country, this will be easier. But most countries have newspapers that are published on the Internet, and many offer English versions.

Even if the language is different, look at the way the paper is laid out, how ads are handled, what colors (if any) are used and what sections may exist. How sophisticated is the design and typesetting?

3 Bad Strategies In International Market Entry

Free, Short and Helpful international business advice

Global Business Podcasting – How to Lose Your Shirt Abroad, episode 6

http://internationaltoolkit.com will have the latest episode of “How to Lose Your Shirt Abroad.” We speak in a fresh, funny way about international management and what you need to know before you go overseas.

3d Printing- Will This Industry be in the USA or Overseas? Part 1

Could 3d Printing be better overseas? Part 1

As the whole world is talking about 3-D printing, at the 3-D printing authority I’m starting to believe that the United States will not dominate this reinvented industry. This could be a stronger industry overseas.

There are two reasons for this. The first is the litigious nature of the United States market and the second is that ultimately 3-D printing (as far as the designs and drawings) will be a traded product. What countries are best at trade?

There’s an old lawyers joke: if you buy a can of dog food and your dog eating it gets sick, who do you sue?
The answer? Everybody. I know, it’s just a joke

In the case of the dog food the retailer will be sued the distributor will be sued, the manufacturer’s representative, the manufacturer, and possibly even the ad agency that made claims could be sued by the person with a sick dog.

Then of course you’ve got United States government which would regulate the dog food industry in many ways; quality of food, what is said on the label, how is it packaged and are expiration dates really being adhered to?

So let’s take this scenario in the case of 3-D printing.

Imagine if somebody were to print out a washer for a vacuum cleaner (perhaps 3-D printers will not be so affordable and in everybody’s home) at the local hardware store.

The store prints it out and may put this washer in your vacuum cleaner and the vacuum cleaner blows up and hurts somebody.

I know this is ridiculous scenario but it could happen- or the vacuum cleaner simply burns your rug or perhaps catches fire. This can happen in the USA or in an international country.

Well the customer is not a licensed installer so clearly doesn’t necessarily know what he is doing, so goes the presumption. Should he have had that special washer in the first place?

However, the hardware store may not have printed this correctly then you have to examine where the hardware store got the washer design. Did they print it correctly? Did they use the correct materials? Were the drawings in any way compromised? Was the technician who printed this washer properly trained? Take it a step further and start to look at the source of where the CAD drawing was. Was it purchased or royalties paid? What website was it? So if there were an accident with this vacuum cleaner it would be a whole slew of people that could be sued. This is nothing new in the USA. People buy insurance for this and large companies retain lawyers. However small business people may not know about this insurance they may not be able to afford it. They may have purchased the wrong policy and if they have to retain legal staff they may choose not to get into the business at all!

The idea of the United States’ legal system is to protect the citizens. But we all know of the many times that system has been abused. Naturally we don’t want defective parts in our electronics. We clearly do not want auto parts and aircraft parts that aren’t genuine. This isn’t a value judgement. It’s really just a business decision for a lot of entrepreneurs and other firms.

At the 3d Printing Authority, we are investigating other countries that want to take advantage of the new technology. And what we are hearing may be frightening to US industry.

International Market Entry- Using Foreign Agents Overseas

Should you use overseas agents when exporting into an overseas market? This one minute video will help.

Global Business Podcast- How to Lose Your Shirt Abroad, Episode 6

06 how to lose your shirt abroad 6

Funny, fresh and free. Don’t do global business without listening to this podcast! IF you can’t play it here, use this URL:

http://internationaltoolkit.podomatic.com/entry/2013-03-21T14_46_44-07_00

Quick Global Business VIdeo- When in Rome, do as the Romans (don’t be a Roman)

This quick 1 minute video on international management will help you understand how to operate in a foreign country.

Global Management- Spot A Global Business Fraud

Here is a 1 minute video to help you spot a global business fraud. It’s fun, informative, and free.

visit us at linked in: www.linkedin.com/in/billdecker
check out our podcast: www.internationaltoolkit.com
see more videos: www.youtube.com/marketaccess

Free Global Business Podcast: “How to Lose Your Shirt Abroad, Episode 5″

Here is some free advice on staying out of trouble overseas, when working in foreign countries.

Part 5 of an 8 part podcast series
http://internationaltoolkit.com/how-to-lose-your-shirt-abroad-episode-5-on-global-business

Overseas Business Video – Going to China

A one minute video on what you need to know when going to China