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The potential to expand abroad exists for a third of Slovak companiesAdvertorial
11 Sep 2012 Business Focus
The potential to expand abroad exists for a third of Slovak companies but it is not used!
SLOVAKS THEREFORE SHOULD BE QUICK IN LOOKING FOR OTHER MARKETS
SEARCH FOR GROWTH MAINLY IN THE EAST
Prior crisis Central and Eastern Europe were the fastest growing regions in the world, during life of present generation it will never reach the level before the crisis, according to presumption of author of „Emerging Markets: Lessons for business success and outlooks for different markets.“ The directors of the local branches of foreign companies have to explain their head offices why they are unable to deliver triple growths.
Despite the unstable political situation in many countries of Latin America, it ranks as second among the fastest-growing regions and points to profitable decision for export-oriented company.
Third beneficial option is Middle East, although there are many politically unstable countries within the region. Business beneficial sites are the United Arab Emirates, particularly Abu Dhabi, Oman, Kuwait and Qatar.
HOMEWORK PRIOR YOU ENTER INTO FOREIGN MARKET
According to Nenad Pacek there are 3 basic rules of expanding into new markets:
1. Consider carefully selection of the site.
For the company’s success it is crucial to respect basic rules, understand the market and adapt accordingly. In order to prevent potential disaster it is important to consider alternative sources of expansion funding such as the venture capital.
MORE SUBJECT RELATED INFORMATION:
- How to raise productivity and profitability in current turbulent economic situation?
Will be available on 20th September directly from world known speaker, economist and strategist Mr. Nenad Pacek at exclusive business event having many other elite business representatives to share their knowledge.
Meet the kings of export in person:
Viliam Sameliak, SYGIC, BU Director
Miroslav Ocenas, Kvety.Sk, CEO & founder
Juraj Droba, DOUBLE CROSS, co-owner
In case of interest or additional information please contact:
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