Business and social etiquette are important attributes for success in overseas markets. Being aware of the different rules of intercultural etiquette will ensure rewarding personal and business global trade relationships.
There is a wide range of terminology associated with inventory management. Some of the most common terms, concepts and issues regarding global supply chain management are detailed in the following paragraphs.
Doctor Faisal Mohammed El Amir is a Senior Industrial Consultant at Dubai Exports (DE), an agency of the Dubai Economic Development Department. Dubai Exports promotes exports by helping its client companies participate in exhibitions and outward missions.
Like many before him—and some after as well—Dieter Hollweck learned how to do international trade from the ground up; through the school of hard knocks.
“Learning that way is very expensive, and can sometimes be deadly for your business,” says Dieter, the Forum for International Trade Training’s (FITT) founding father. “But everybody had an international trade horror story back then!”
Human beings are social by nature. This explains the billions of dollars we spend every year on tourism. We travel the world to enjoy new scenery, to meet new people, to try new foods, and for the newness of the experience. When we have goods and services ‘tour’ across international borders, we call it international trade.
As an exporter, you know that success in foreign markets depends very much on having a healthy supply of working capital. And like most companies doing business internationally, you turn to your bank when you need financing to grow your exports.
Now a great time to begin putting together your market entry strategy; currently, CARICOM and Canada are negotiating a trade and investment agreement.
You’ve decided to start selling your product in a market outside your own borders. Maybe it’s an emerging market, or perhaps you’ve gone with a market that’s a bit more established; but either way you’re going to need a system to get your product to market. You’re going to need to develop an international value chain.
Any good contract protects you and your customer when you do business together. But when you start selling abroad, you have to think about your sales agreements in a different way. In this post, we’ll look at six strategies for writing solid contracts that will help you avoid problems with foreign customers and governments.
Competitive strategies can be divided into the offensive and the defensive. Companies pursuing offensive strategies directly target competitors from which they want to capture market…