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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 .