Identifying competitive advantage in international markets City Talk Today’s Small and Medium Sized Enterprises (SMEs) operate in difficult circumstances. Economic globalisation, empowered consumers and constantly evolving technology makes competing with rivals even more challenging. Overseas expansion is one way SMEs are looking to increase market share. However, selling products and services in new markets brings a host of challenges to be overcome. One [...]
Planning for operational risk as a small business expanding internationally City Talk If there is one thing that 2020 has shown business, it is the importance of planning for operational risk. The extent of the COVID-19 pandemic has shocked the world, and many businesses had to rely on operational risk management plans to enable employees to work from home in a matter of days. What is operational [...]
The challenge of growing an SME abroad City Talk Entrepreneurship is central to the economic growth of most free market economies. Many global brands including Ben & Jerry’s, Mattel and Facebook began life as SME’s. Key to growing an SME business either within the sector or so it can become an enterprise business, is the ability to expand into new markets. While your own [...]
The essential steps for an overseas expansion December 9, 2020 Our global and digitised economy is making it easier for businesses of all sizes to grow into overseas markets. One of the barriers to global expansion for some small businesses are language differences. If you are considering making a move into new markets, do not let this get in the way of the many benefits [...]
Ensuring the health and safety of small business employees on global assignment December 7, 2020 As a small or medium sized business, with limited resources, you may find it challenging to adhere to the many Occupational Health and Safety (OHS) regulations that impact your business. If you are in the process of expanding your SME overseas and are hoping to send employees on expat assignment, there may be additional health [...]
Challenges for small businesses when sending employees overseas on assignment November 27, 2020 For small businesses with global vision, expat employees may be part of your roadmap but what are the challenges you might expect to encounter when sending an employee overseas on assignment and how can you overcome them? Selection Process Selecting the right employee for an expat assignment is critical to success for businesses of all [...]
International expansion tips for small and medium sized businesses November 27, 2020 Expanding your small or medium sized business overseas? Some tips to help mitigate risk. Operating in more than one country offers more than just the obvious advantage of expansion and growth, it also: reduces dependence on your home market mitigates seasonal fluctuations or demand cycles hedges against economic instability in any one market Expanding globally also [...]
The value strategies SMEs need when going global November 27, 2020 We live in a global economy. Improved supply chains, the internet and international trade agreements make doing business overseas easier than ever. Foreign markets are no longer only the domain of large or enterprise businesses. There is no one size fits all model for going global. What is right for your business will depend on [...]
Maintaining brand identity in an international small business November 27, 2020 As a small business you may have built your brand identity around your local market. For many SMEs that is key to success. You saw a need in your regional market, developed a product in response and your brand communicates very successfully with that market. But what happens if things are going well in your [...]
