Trending topics:
There’s a lot to know when it comes to international trade. So every now and then we like to pull out snippets of wisdom from our FITTskills series of international trade textbooks and pass them on. Whether it’s brand new for you or its information you’ve already learned but may have forgotten, you can rest assured that FITTskills Refreshers are practical and industry-validated.
10/10/2014
While these factors are considered when making assessments of risk—in the context of developing a global business financial plan—they should be viewed in terms of the cost of sales or purchases and market competitiveness.
26/09/2014
The first innovation challenge for an international business is that at least a portion of its customers are in other countries. Finding out what they…
12/09/2014
International trade finance products, techniques and mechanisms exist to support effective management of cash flow for both importers and exporters across industries and across all segments, from SME to multinational.
05/09/2014
If something is missing in your market entry strategy, such as special expertise or market presence, partnership options must be examined more closely.
02/09/2014
Before entering into an international supply agreement, companies should ensure that they are aware of all international regulations that might affect the purchase, including export…
15/08/2014
Whether or not to become involved in or expand in international trade is a crucial business decision. In today’s highly competitive and global business environment, companies are finding that they must incorporate some form of international trade in order to maintain their level of competitiveness.
01/08/2014
Companies entering new markets might face problems or increased costs because of the business environment and the way in which companies operate. For example, marketing services might be prohibitively expensive. The banking system might be undeveloped, and certain payment mechanisms may be unavailable. Letters of credit might be unreliable or difficult to obtain.
18/07/2014
A company that has decided to export its products to a new market or to buy from a new supplier in a different country cannot take for granted that the potential transaction(s) will be viable, profitable or provide goods at a price and quality that are competitive. From a financial point of view, a transaction may prove unrealistic if the cost of entering a market is too high, the competition is gruelling, or the price the company needs to charge in the new market is not competitive.
04/07/2014
Because more companies are outsourcing functions not directly related to their core
competencies, many specialist companies have grown up to provide those functions.
The strategic benefits of outsourcing include enhanced performance, better profitability,
and in the case of larger companies, increased shareholder value.
20/06/2014
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.
X
