International expansion is one of the most challenging steps in business development, and is much more than just a new overseas start-up or a business acquisition. Long term planning and strategizing is the very key to success, which involves an extensive range of considerations:
- Fundamental and honest understandings of the company’s expansionary objectives, needs, strengths and weaknesses, based on which further goals are established
- Thorough examination of the company’s available resources in implementing and sustaining expansionary plans. These resources include financial resources and human capital resources etc.
- Identification of the right market, the right timing, the right business opportunities and the right partners
- Equipment of local knowledge and knowledge of new businesses
- Detailed planning and preparation for implementation of expansionary plans, dedication of the necessary resources to the implementation process
- Risk management and control
- Internal communications within the organization to prepare for the process of implementation and future changes
- Long term overseeing of overseas development
- On-going relationship management with business partners
Detailed planning and long term strategizing are equally crucial to both local companies turning international and multinationals entering new, local markets. From initial analysis, planning, strategizing to implementation, our seasoned team can provide professional services to help you:
- Analyze the present state of the company and identify its most important objectives, needs, strengths and weaknesses
- Develop international expansion strategies
- Identify the right markets, suitable business opportunities and potential business partners
- Assess resource availability and level of risk adversity
- Tailor action plans for international expansion
- Monitor strategy implementation and minimize risks involved in the process
- Negotiate with potential business partners and manage long term working relationship with existing partners
Please contact us for more information. |
