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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.
One of the key mistakes companies make when selecting a market entry strategy is to focus on their capabilities and goals and forget to gather competitive intelligence in their chosen market. The higher the level of competition in the market, the lower the profits that can be obtained.
The basic and most common forms of settlement of international trade transactions are open account (where payment on delivery is the most common), documentary collections,…
Raw data alone are not sufficient to develop a company’s market knowledge. The data must be analyzed to give them meaning and then put in context to generate insights about the international business environment. This process of taking raw data and analyzing them strategically is called market intelligence.
On December 2, 2013, Greg Rickford, Minister of State (Science and Technology) launched the Government of Canada’s new Concierge Service, a guide to innovation. This…
Companies can use a range of business models to organize their direct exporting efforts for their market entry strategies. Some businesses have an export department…
Trading internationally involves risks beyond the normal risks of doing business in domestic markets. Late or non-delivery of goods, foreign exchange and country risk offer…
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