Take a look at this international business video and learn in 1 minute what can happen when a firm fails to translate their materiel!
Archive for the ‘Int’l Biz’ Category
Many times, U.S. companies want to sell their products overseas, but aren’t willing to make the required investment to do it right. For primary markets that a firm is really wants badly, going cheap isn’t advisable. But it can be done less expensively — if you get a partner, and if you’re careful. International business […]
By now, everyone has seen the news that China has devalued its currency. This means the Yuan Renminbi is weaker. When you exchange currency, you can now buy more Yuan for each dollar spent. If China is really the world’s second largest economy, than the Renminbi (People’s Currency) effects world markets. China is always accused […]
The savvy leader is inclined to search abroad for any and all potential new markets for their product or service. New markets offer the possibility of increasing total revenue and/or decreasing the costs of goods sold, thereby increasing profits. Entering new markets may also allow a company to follow its existing customers abroad, attack competitors […]
How Do You Spot An International Business Fraud? Quick 1 Minute Global Business Video
Quick Global Business Video- Can Your Employees Handle International Business?
So what can our importer do? • First, it should be certain it’s compliant, and can learn how to be so by talking to a customs broker about the appropriate duties and tariffs. • Find out if there are special impediments to importing a given product. This will help the company decide if this endeavor […]
Global Business – 10 Questions To Ask In International Sales from Bill Decker . Does this market require local sales talent? . In face-to-face meetings, are there any cultural conventions that the American sales person should observe? . Is the sales person held to a different ethical standard than is the population in general? . […]
Global Business slide show: Top 10 "Ain'ts" of International Business from Bill Decker It AIN’T Gonna be easy Why do people think it is easy to do business overseas? Culture, language, customs and laws are different! It AIN’T gonna be fast The biggest single cultural difference is the perception of “time” It AIN’T gonna be […]
1. Will your other investors mind? Will your current investors care if more funds come from country X? Does country X help or hurt them financially, legally or psychologically? Getting your current investors’ permission might be necessary. 2. Will your overseas investors have access to your company’s trade secrets? Frequently, investors want to understand and […]