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OVERVIEW:
SEVEN STEPS YOUR FIRM MUST TAKE IN ORDER TO PROFIT FROM CHANGING GLOBAL DEMAND
WE have thoroughly examined the internationalization process for firms who wish to enter global markets. We have outlined the intrinsic risks and opportunities that exist for firms seeking to establish a global market presence. We now turn to the seven steps that will make you profits by responding to changing global demand.
They are:
1. Prepare senior management to equip them to handle the internationalization process.
2. Set up a corporate treasury regime that will meet the complex challenges intrinsic in doing business in foreign markets.
3. Do a comprehensive analysis of the targeted international markets you wish to enter.
4. Implement, or co-opt into, an extensive global trade and finance network of professionals that will provide you with resources in establishing and maintaining a superior position in the markets of your choice.
5. Examine your corporate motives in your decision to enter a foreign market. This will help you chose the correct strategy in implementing international market entry.
6. Make a realistic assessment of the risks and opportunities that will present themselves in your decision to go global, or to expand internationally.
7. In your endeavor to internationalize do not hesitate to call upon the resources of a qualified International Trade Consultant, International Business Consultant, Global Business Consultant, or Export Consultant.