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Added for You - International Marketing
Consultants & Coaches: Don't Let Your Clients Deskill You! ing collateral and global
branding strategy. For example, GMC had to change the name of the car named NOVA in Mexico, because NOVA translated
to "no go." Obviously, that was not a good name for a car.Do you remember that brave guy who jumped into the icy Potomac River to save some of the passengers from a plane that slid off the runway into the drink?Without doubt, he was a hero, hurling himself into harm’s way as he did.But the greatest threat he faced wasn’t the frigid water or the potential of the damaged jet to explode. It came from the very people he was endeavoring to save.As is the unfortunate case so often, drowning people inadvertently drown their would-be saviors, because they’re panicking. So, we end up with a tragedy on top of a tragedy.A similar, though less dramatic phenomenon occurs in consulting and coaching.< Learn about international distribution agreements that must comply with foreign laws. Find out if you will need to localize you product or service to make it marketable in the foreign market. Localization is often required in U.S. markets also. For example, Wal-mart had to build Conducting Human Resource Audits Before you consider entering into the international market, do as much research as you can. It is a whole new world outside the U.S., and it is very easy to make a fatal mistake. The following are just some of the marketing areas that must be considered.Every organization, whether it has one employee or 500 employees, should have an annual Human Resources Audit. An HR audit is similar to an annual health check. It is a means by which an organization can measure where it currently stands and determine what it has to accomplish to improve its HR functions. An audit involves systematically reviewing all aspects of the human resources functions. It also ensures that government regulations and company policies are being adhered to and your organization is not at risk for fines and penalties. An audit is not only a "check up" - you should be prepared to make the necessary changes identified by the audit. A Human The market entry requirements or barriers to entry. Social or religious limitations that may affect your business. For example, the MGM Grand in Las Vegas had to rebuild its multi-million dollar entrance that was a tiger's mouth, because it was offensive to Chinese customers. International demographics will undoubtedly be much different from your domestic market. You also need to know the exact market size and be able to conduct effective international market segmentation and international positioning. This will require you to know the current market, market statistics, and market history. You must have affordable media strategies for consumer or business-to-business marketing. You need to know about the licensing requirements. You have to find appropriate and affordable channels of distribution within the foreign market that can deliver your product where and when you want it delivered. You may not have protection of intellectual property in foreign markets (copyright, trademark), and that could be a costly problem. You must carefully examine your product or service to determine whether there is a profitable international market. Your calculations of cost of goods sold or cost of sales, pricing, and revenue potential must be accurate in the international market. Consider whether there are available or a lack of local resources. Also, can you secure enforceable contracts with customers, vendors, and distributors in the foreign market. You need to consider stfing, training, and labor laws in the area. For example, there are very strict labor laws in Europe which make it very difficult to terminate an employee. You must prepare and effective marketing collateral and global branding strategy. For example, GMC had to change the name of the car named NOVA in Mexico, because NOVA translated to "no go." Obviously, that was not a good name for a car. Learn about international distribution agreements that must comply with foreign laws. Find out if you will need to localize you product or service to make it marketable in the foreign market. Localization is often required in U.S. markets also. For example, Wal-mart had to build The Axiom of Value because it was offensive to Chinese customers.For the last 100 years, companies have relied on traditional advertising in the form of catchy jingles, TV commercials, billboards, print ads in newspapers and magazines, direct mail, hot air balloons, and waving mascots. The technique is to interrupt a radio listener, TV viewer, or magazine reader with an attention grabbing ad that compels the consumer to buy the company’s product or at least have the product closer to the forefront of his or her mind next time the individual is making a buying decision.In most instances, advertising is acceptable to the consumer. Most people don’t mind seeing ads while watching television, listening to the radio, or re International demographics will undoubtedly be much different from your domestic market. You also need to know the exact market size and be able to conduct effective international market segmentation and international positioning. This will require you to know the current market, market statistics, and market history. You must have affordable media strategies for consumer or business-to-business marketing. You need to know about the licensing requirements. You have to find appropriate and affordable channels of distribution within the foreign market that can deliver your product where and when you want it delivered. You may not have protection of intellectual property in foreign markets (copyright, trademark), and that could be a costly problem. You must carefully examine your product or service to determine whether there is a profitable international market. Your calculations of cost of goods sold or cost of sales, pricing, and revenue potential must be accurate in the international market. Consider whether there are available or a lack of local resources. Also, can you secure enforceable contracts with customers, vendors, and distributors in the foreign market. You need to consider stfing, training, and labor laws in the area. For example, there are very strict labor laws in Europe which make it very difficult to terminate an employee. You must prepare and effective marketing collateral and global branding strategy. For example, GMC had to change the name of the car named NOVA in Mexico, because NOVA translated to "no go." Obviously, that was not a good name for a car. Learn about international distribution agreements that must comply with foreign laws. Find out if you will need to localize you product or service to make it marketable in the foreign market. Localization is often required in U.S. markets also. For example, Wal-mart had to build Forming a Nevada LLC he licensing requirements. You have to find appropriate and affordable channels of distribution within the foreign market that can deliver your product where and when you want it delivered.Many business owners prefer to form a limited liability company or LLC, in Nevada, because the state of Nevada offers the most corporate friendly atmosphere. Nevada is also considered the best domicile state to form a limited liability company, as the laws here are designed to protect the interest of the business companies.In order to form an LLC in Nevada, business owners need to file articles of organization with the Secretary of State. The articles of organization are similar in nature to the articles of incorporation, which are required to be prepared and signed by the members of the limited liability company. An operating agreement must also be draw You may not have protection of intellectual property in foreign markets (copyright, trademark), and that could be a costly problem. You must carefully examine your product or service to determine whether there is a profitable international market. Your calculations of cost of goods sold or cost of sales, pricing, and revenue potential must be accurate in the international market. Consider whether there are available or a lack of local resources. Also, can you secure enforceable contracts with customers, vendors, and distributors in the foreign market. You need to consider stfing, training, and labor laws in the area. For example, there are very strict labor laws in Europe which make it very difficult to terminate an employee. You must prepare and effective marketing collateral and global branding strategy. For example, GMC had to change the name of the car named NOVA in Mexico, because NOVA translated to "no go." Obviously, that was not a good name for a car. Learn about international distribution agreements that must comply with foreign laws. Find out if you will need to localize you product or service to make it marketable in the foreign market. Localization is often required in U.S. markets also. For example, Wal-mart had to build Change Management Necessary when It is Time for Change t of sales,
pricing, and revenue potential must be accurate in the international market.Too often corporate boards of directors fear change management because they fear shaking things up, which might make things worse. However when it is time for a change; change management is necessary and often it will be for the better. It would be hard to debate that change management in corporations does cause stress on the executive teams and often, temporary chaos. But that is not to say we should accept this or fail to make a change when he changes needed.Change management is necessary when it is time for a change and it is time to distinguish the goals of the forward progression of the company with the goals of inter fiefdoms, which have been gro Consider whether there are available or a lack of local resources. Also, can you secure enforceable contracts with customers, vendors, and distributors in the foreign market. You need to consider stfing, training, and labor laws in the area. For example, there are very strict labor laws in Europe which make it very difficult to terminate an employee. You must prepare and effective marketing collateral and global branding strategy. For example, GMC had to change the name of the car named NOVA in Mexico, because NOVA translated to "no go." Obviously, that was not a good name for a car. Learn about international distribution agreements that must comply with foreign laws. Find out if you will need to localize you product or service to make it marketable in the foreign market. Localization is often required in U.S. markets also. For example, Wal-mart had to build Making The Bid- No Bid Decision on RFP's ing collateral and global
branding strategy. For example, GMC had to change the name of the car named NOVA in Mexico, because NOVA translated
to "no go." Obviously, that was not a good name for a car.If you have a Request for Proposal that has been issued from a potential or current client company or a government agency, then, first, you have a bid/no bid decision to make.To make this decision you should carefully read the RFP in its entirety. If any information is unclear, usually, the RFP will give information on how to and with whom to communicate with. Guidelines are usually in place concerning people who can be contacted, and the methods of communications, frequently these days it is by email only and the questions and answers are sent to everyone who received the RFP.After reading the RFP, put the information into four categories: 1.) A Learn about international distribution agreements that must comply with foreign laws. Find out if you will need to localize you product or service to make it marketable in the foreign market. Localization is often required in U.S. markets also. For example, Wal-mart had to build horse barns for its store located in the Amish district of Pennsylvania so that Amish customer had a safe place for their horses and wagons while they shopped. There are other local customs, cultural idiosyncrasies, and mannerisms that must be observed in foreign business. Otherwise you may offend people, and they will not want to do business with you. These cultural diffences will probably be apparent in the negotiating styles. There may even be cultural differences about shaking hands or making eye contact. Also, many other cultures know about American history, and they are insulted if you know nothing about their history. In additional to the marketing concerns, there are larger concerns about the government and monetary policies in the foreign market you are considering such as: • Gross domestic product growth The are so many complicated issues involved in international marketing that they cannot all be addressed here. It is strongly recommended that anyone considering international marketing try to learn as much as possible about business in the foreign market, and hire an international business consultant that has many years experience in that market. To start that process, the following is a list of some good sources of information: Embassies Department of State http://travel.state.gov/passport_services.html www.stat-usa.gov
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