Why becoming a Global Competitor?

Why should you bother venturing out your region and compete in foreign markets?

Here are the 5 most common reasons why you should…

1. Access to new Customers

Accessing new Markets will ensure continuous growth in demand for your product. Especially when your product is mature in your local market and the demand is starting to slow down.

2.Increase Global Competitiveness

Higher volumes will leader to better cost competitiveness through economy of scale.

Also, you’ll have sometimes to up your game to the target market level.

3. Maximize the use of your core competencies

Strong local competencies can lead to competitive advantages in other countries.

4. Spread your Business Risks

Use over performing markets as a cushion against economic downturns in home and other markets.

When your local market is down, you can still gain from other place momentum.

5. Leadership can’t be just local, it has to go global

If you don’t go outside your local Market, someone will get into yours.

Your profit sanctuary won’t last much unless you’re in an unattractive industry.