(Pitfalls of Exporting)
|Pitfalls ! !||Some textbooks use the word
"pitfalls" of Exporting. In a multi-cultural learning environment it is
not wise to use too many slang expressions since it confuses the student
as to the meaning.
When writers use the word
Pitfalls they are trying to convey a meaning of potential traps which will
be time consuming or costly to deal with.
|INTRODUCTION||Why would you
discuss Disadvantages of exporting in a course which spends most of the
time discussing how to export - because the course is not "how to export",
that is a mistake commonly presumed by people who don't pay attention to
the topics and how they are discussed.
The course is International Business Management which literally means how to be an international business manager. Sometimes managers need to make decisions about whether to try a new situation or not: what we call a GO - NO GO decision.
For the purposes of saving money and running the company efficiently, sometimes it is better to NOT GO - that is to say NOT export because the cost might be too high, or you may be consuming resources you don't have - it might be better to concentrate on making money on your "regular" business.
Deciding NOT to export doesn't mean your company is not involved in international business - you can still be involved in importing, directly, or indirectly and therefore international business circumstances (currency fluctuations, political risk etc.) will still effect you and you will still need to employ the management techniques you have acquired.
|Ramping Up||"Ramping Up"
has become a popular slang expression in business in the 1990's and is
used in business and international business situations.
It is a metaphor that comes from putting a ramp up to a ship, or the back end of a cargo plane, and moving goods on to the ship or plane. The concept is that you are getting ready to do something by putting the ramp up.
Being Export Ready
, or being "Export Ready" is something that can be
from student Mara M. in MGTC44 at UTSC in July 2012.
"I wanted to share an article I read on Yahoo! Finance:..The article talks about TD Canada's expansion in the US by acquiring South Financial Group two years ago and even mentions the exact phrase "ramping up" in describing the new call centre that opens a month from now in South Carolina."
|Being Export Ready||management focus
|Being Export Ready||develop new
|Being Export Ready||subordinate
short-term profits to long-term gains
|Being Export Ready||incur added
|Being Export Ready||allocate personnel
|Being Export Ready||wait longer
and other payment procedures is longer for exporting than domestic sales
|Being Export Ready||modify your
product or packaging
|Being Export Ready||finding good
distributors for the product overseas, once you found the market - a critical
part of the 4P's - Place - you need to get the product to the right place,
warehoused, and then distributed to the vendors
|Being Export Ready||apply for additional
|Being Export Ready||obtain special
- other points were based on the personal experience of Prof. Richardson who has been involved with several companies to Ramp Up for exporting.
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