Managing An Overseas Business

Allen Adamson, managing director of Landor, a marketing firm, and author of BrandSimple advises business owners to think globally early into their businesses. According to him, the sooner one begins to do business abroad, the earlier the business will be able to track its metrics and decide what practices work or not.

Of importance to business owners, is how to manage their business overseas to ensure they are as successful as they have been in their mother country. To achieve this, entrepreneurs must apply certain practices.

Study The Market

A business’s success is pegged on the target market, making it necessary for businesses to critically study markets they would want to venture into. Adamson proceeds to say that insight on current market players, including what both winners and losers offer is of essence to an entrepreneur. Additionally, in-depth knowledge of the country’s demographics will help strategize on how to best promote the brand. To get such information, start by visiting the Department of Commerce website, which has various countries’ press releases and fact sheets.

Check In Often

To maintain successful global presence and keep tabs with employees, an entrepreneur should establish constant communication with his company. While emails and phone calls are good options, they are all considerably impersonal, consequently generating poor results as compared to personal communication methods like online video conferencing. This is according to Eric Markowitz, a senior writer at International Business Times.

The significance of constant communication is reiterated by Jonathan Copulsky, a principal at Deloitte Consulting LLP in Chicago. He says that there is still no substitute to face-to-face contact when managing an overseas team.

Learn The Local Customs

Great brands have great rapports with their respective local community. In his book, Business Ethics: Critical Perspectives on Businesses and Management , Alan Malachowski talks about the importance of understanding the local culture and its value systems. For example, the meaning of business honesty varies from culture to culture. In the U.S. the notion of ‘caveat emptor’ (buyer beware) is considered wrong while it is considered good and honest business in other cultures.

Learning the dress code, salutation and proper hospitality practices will also greatly boost your chances of landing business deals with local partners. Mercedes Alfaro, founder and president of First Impression Management, a reputation management company, advises entrepreneurs to be ready to eat whatever is served during such meetings.

Understand The Local Laws

Obviously, your business will be subjected to new and unfamiliar laws overseas. It is imperative to invest in a savvy business lawyer with significant legal exposure. Brad Peterson, a business lawyer at Mayer Brown, for instance, advises entrepreneurs seeking to establish their businesses in the United States to get solid contracts that they can enforce in the country. He also adds that people doing business in non-English speaking countries should ensure that they can communicate effectively in the local language or find reliable translators.

Despite the current global geographical connectivity and business globalization, entrepreneurs still need to learn how to manage their business in different locations. It is prudent to ensure that before venturing into any new market, ample research should be done in all areas that will possibly affect business performance and productivity.

4,724 Comments

  1. Re-Elect Lloyd Hara for King County Assessor

    Major thanks for the blog post.Thanks Again. Awesome.

  2. smoking cigarettes

    Hons inspiration came from his father, a long time smoker,
    who died of lung most cancers from smoking tobacco crammed cigarettes.

  3. Re-Elect Lloyd Hara for King County Assessor

    wow, awesome post.Thanks Again. Will read on…

  4. Re-Elect Lloyd Hara for King County Assessor

    Wow, great article post.Thanks Again.

  5. Bernice

    Hi there, I would like to subscribe for this webpage to obtain most up-to-date
    updates, thus where can i do it please assist.

  6. gold teeth grillz

    After I initially left a comment I appear to have clicked on the -Notify me
    when new comments are added- checkbox and now every time
    a comment is added I receive four emails with the same comment.
    There has to be a means you are able to remove me from that service?
    Cheers!

  7. Re-Elect Lloyd Hara for King County Assessor

    Very neat blog article.Really thank you! Will read on…

  8. Finn

    Aw, this was an exceptionally nice post. Finding the time and actual
    effort to create a good article… but what can I say…
    I put things off a lot and never manage to get anything done.

  9. http://skincentreca.drupalgardens.com

    Moneygram/Wetern Union An alternative choice is to receive money by means of Moneygram or Western Union.

  10. Rosella

    This design is incredible! You obviously know how to keep a reader amused.
    Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Excellent
    job. I really loved what you had to say, and more than that, how you presented
    it. Too cool!

  11. show

    I absolutely love your blog and find most of your post’s to
    be what precisely I’m looking for. Do you offer guest writers to
    write content in your case? I wouldn’t mind producing a post or
    elaborating on a lot of the subjects you write about here.
    Again, awesome website!

  12. new cars in india 2015

    The quote is after that based upon this tailored policy, so you just pay for the precise plan attributes you
    need – no fluffy bonus.

  13. bromas pesadas de terror

    A fascіnatіng discussion is worth comment.
    I do believe that you need to write moгe about this topic, it
    may not be a taboo matter but usually peoρlе
    don’t talk about such subjects. To the next! All the best!!

  14. tricep workout for mass

    I think this is a real great article.Thanks Again. Much obliged.

  15. Nature's Best Isopure Supplement

    I visited several web sites except the audio feature for audio songs current at this web site is actually excellent.

  16. Anne

    Thus, if they require medical care, they might not manage to manage those charges.

  17. Ernie

    Your method of telling everything in this piece of
    writing is really nice, every one can effortlessly understand it, Thanks a lot.

  18. best tricep workout

    Thank you ever so for you blog.Really looking forward to read more. Great.

  19. Christoper

    I read a lot nizoral shampoo where to buy Putin’s regime has traditionally maintained its hold on power through a mix of propaganda, economic payoffs and political intimidation

  20. best tricep exercises

    Awesome article post.Much thanks again. Will read on…

  21. Novella

    Hello there! Do you use Twitter? I’d like to follow you if
    that would be ok. I’m undoubtedly enjoying your blog and look forward to new updates.

  22. http://tokomu-laris.com/

    Hi! I could have sworn I’ve been to this site before but after browsing through some of the post I realized it’s new to me.
    Anyways, I’m definitely delighted I found it and I’ll
    be bookmarking and checking back frequently!

  23. Errol

    Hello! I just wanted to ask if you ever have any trouble with hackers?
    My last blog (wordpress) was hacked and I ended up losing a few months of hard work due to no backup.
    Do you have any solutions to prevent hackers?

  24. Jual pengencang payudara

    I am really impressed with your writing talents as neatly as with the structure for your blog.

    Is this a paid theme or did you modify it your self?
    Anyway keep up the nice quality writing, it is uncommon to peer a nice blog
    like this one these days..

  25. voice recording software for youtube

    Moreover, the drum machines included in the program such as Beat
    Box 2 allow you to create completely unique grooves.

  26. tricep exercises for mass

    This is one awesome article.Much thanks again. Great.

  27. Lemuel

    Each insurance carrier has its system for creating their
    health insurance rates.

  28. Mini Segway Scooter

    Annd remember, electric scooter require only a faction of the running costs of a gas-powered scoot, especially for gas, oil andd the running costs of a
    “normal” scoot. The high-pressure tire is narrower than an everyday
    tire that decreases contact area with the floor (smaller footprint).
    Wrestling Workout Sub-Step 2- Select your derivatives.

  29. tricep mass workout

    I appreciate you sharing this blog post.

  30. hipnosis conversacional

    Tersedia bervariasi cara gampang berlatih hipnotis yang
    dapat anda praktekkan sendiri. Ilmu hipnosis
    sedang naik daun bukan cuma sebab penggunaanya di layar kaca namun juga
    karena ranah cakupannya yang cukup luas. Jangan sampai tertipu
    dengan cara mencari tahu latar belakang lembaga dan orang-orang dengan menjadi pengajarnya.

  31. car dealerships for sale

    Or call us on 0844 209 8315 and talk with one of our Insurance policy
    professionals as well as see the amount of you could save money!

  32. anything from contesting your ticket. 

  33. d w used cars salvage

    Currently, Britain exports even more to Ireland than to China, India
    and Brazil combined, profession well worth over EUR1bn a week.

  34. nba 2k16 easy coins worksheets generator

    I blog often and I truly appreciate your information. This
    article has really peaked my interest. I will bookmark your website and keep
    checking for new information about once a week. I opted in for your RSS feed
    too.

  35. I am regular reader, how are you everybody? This post posted at this site is genuinely good.

  36. clash of clans free gems no hack ios

    Just Set Consumer Name with out password , right here you are in a position to decide
    on free Gold to improve your Clash of Clans
    account.

  37. www.muzicprizm.com

    Why are you taking care of the rental it is up to the Ford Police officer to pay for it plus milage all you are mean to
    do is take care of gas and also insurance policy.

  38. best tricep workout

    I really like and appreciate your blog post.Much thanks again. Much obliged.

  39. ww.ericd.net

    Simply ask if he/she were to suggest privatization of our medical providers, any Canadian politician what could
    happen.

  40. sewer hoodies

    Reside at the foremost is fantabulous, and the interiors content lavish enarthrosis
    way too, but backseat area is modest. Season 7 is set to be “Pretty Little Liars”
    last season. Lauren Klein led the host Lady Hatters with
    a 182 game and 514 series.

  41. red formal dress amazon

    Her feet are covered with white sneakers having red laces and yellow
    soles. You can find anything and everything you want on Muslim weddings.
    Heart disease causes one in three women’s deaths each
    year, killing approximately one woman every minute.
    Marked marriage shopping center outfits are generally sold
    at our lavish rates that each one can’t have the capacity to
    purchase them for what they standard expenses is normally
    a huge organization, In the wake of picking the configuration of the wedding dress simply ask your tailors join if for do it another person. The wedding dinner, which consists of many courses, follows.

    When we feel good we are more likely to feel good inside, have more energy and treat others better.
    If you are thin also, that does not mean you can get away
    with any cut or fabric.

  42. rjonecfcoss.nl

    Realmente cumple su objetivo, darte una idea bastante clara de lo necesario
    para un estudio casero.

  43. delhi escort

    Hi I am so excited I found your blog, I really found you by accident, while I was searching on Yahoo for something else, Nonetheless I am here now and would just like to
    say thanks for a marvelous post and a all round thrilling blog (I also love the theme/design),
    I don’t have time to browse it all at the minute but I have
    book-marked it and also included your RSS feeds, so when I have
    time I will be back to read a lot more, Please do keep up the awesome work.

  44. In a few claims, insurance companies that company while
    in the condition have to bring about the pool.

  45. all books

    With havin so mսch content do уou evеr run into
    any problems οf plaagorism or cߋpyright violation? Мy sie has а lot of excluive contrnt I’ve eithyer ԝritten mƴself or outsourced but it appears а lot of it is popping it uρ
    all over thе web wіthout myy permission. Do you ҡnow any methods to Һelp protect against
    cߋntent frοm beіng ripped օff? I’ԁ certaіnly apρreciate it.

  46. http://polibasstroi.ru/

    Insurance broker dealers collaborate with securities that are designed for
    insurance policy items.

  47. leather dress ankle boots

    A black leather handbag has many advantages over
    other handbags. Large, chunky black boots paired with a pink dress that falls
    to the knee or above can create a punk rock or gothic chic.
    With so many genuine designer purses available for sale,
    choosing the right one is a challenge. Whether you are walking into the workplace,
    or stepping out with your girlfriends for a night out on the town, a leather pencil skirt worn in the right way can be a great staple.
    t lost in winter-wear, wear with cotton tights instead of woollen ones.
    If you want to look like an authentic witch, you will need a
    combination of dress, hat, wig, shoes, broom, special make-up and some other Halloween accessories to complete your witch costume.
    Initially created for the aviators during war,
    today the bomber jacket expresses its own unique style statement.

  48. Hudson

    For most recent information you have to go to see the web and on internet I
    found this web page as a most excellent web page for
    hottest updates.

  49. splywy kajakowe nadarzyce

    There is definately a great deal to find out about this topic.
    I like all the points you have made.

  50. Ugg Australia Eu

    Howdy this is somewhat of off topic but I was wondering
    if blogs use WYSIWYG editors or if you have to manually code with HTML.

    I’m starting a blog soon but have no coding knowledge so I wanted to get advice from someone with experience.
    Any help would be greatly appreciated!

Comments are closed.