International Business Development: Issues To Consider

International Business Development

Issues to consider

Incorporate international business considerations into your business thinking and business planning

3 Ways to Develop a Global Mindset

① Practice global empathy until it becomes a habit

② Grow your world intelligence and international mindset

③ Keep making the world better

Questions To Ask Yourself

How will your value proposition, value innovation, business model, revenue model, differentiation strategies, product, service and/or invention fit into the foreign market?

Should you enter the market through trade or through investment / joint venture?

Should you obtain your supplies and strategic partners domestically or from abroad or both?

What product/service adjustments are necessary to be responsive to local conditions, customer needs, cultural biases, and perceptions?

What market penetration strategies and instruments (e.g. social media, artificial intelligence (AI), or innovation ecosystem) should you use?

What threats from global/local competition should be expected and how can you counteract these threats? What challenges should be addressed and how to prepare to win the battles?

How could you achieve outstanding results and stand out from the competition?

Managing Cultural Differences

Too many international joint ventures fail. Too few CEOs of international joint ventures characterize their business as "very successful". Cultural differences is a common reason for joint venture difficulties.

If you wish to bring your international business to a successful outcome, you must be culturally competent.

The 80/20 Rule of Selling: 20% of the sale happens when salesperson speaks; 80% of the sale happens when the prospect speaks.

Representative Office

A representative office is an office established by a company or a legal entity to conduct marketing and other non-transactional operations, generally in a foreign country where a branch office or subsidiary is not warranted.

Marketing Rainbow

Dance Up with Everything

Ask Learning SWOT Questions

Not all international partnerships are created for a good cause unfortunately

The captured alive Ukrainian terrorists who blew up passenger trains in Russia honestly admitted that they were trained in Lithuania, Estonia and Norway (yes, Norway, the country that awards the Nobel Peace Prize). The training was conducted by instructors from Canada and Great Britain. The explosives used were Czech... More info

How to use this information

① "Adapt what is useful, reject what is useless, and add what is specifically your own." ~ Bruce Lee

② Sleep on this information – your powerful superconscious mind will tell you how to use it when you wake up

International Business: Innompic Planet of Loving Creators

Slides

Cultural Intelligence

Notes