International Business: the importance of a global presence for a company
With more mergers and acquisitions than ever before, I think it’s becoming quite clear that a company in the future will need to have a global presence in order to compete in tomorrow’s market place. This presence can give a company many competitive advantages.
To begin with, say, it can give access to local market knowledge, which can help avoid some very, very expensive mistakes on account of cultural conflicts. The Matsushita Firm of Japan learned this at a price, when they, without knowing the negative connotations of the word in the US, first launched their products under the brand name of “National’. Only when they switched to ‘Panasonic’ did the flat sale become brisk.
On top of that, a global presence can spread the risk of doing business. As the saying goes: Don’t put all your eggs in one basket. If a company sells to more than one market, it can survive a downturn in any one of those markets, that’s something for sure.
And if a company becomes truly global, the size of the company means it can realize economies of scale, say, in advertising or distribution or shipping. It can also move its production from country to country and take advantage of the best conditions at any given time.
So I think, all in all, when these things are taken into consideration, it’s quite clear that any company not looking to establish a global presence in the future may not have a future at all.一级建造师二级建造师二级建造师造价工程师土建职称公路检测工程师建筑八大员注册建筑师二级造价师监理工程师咨询工程师房地产估价师 城乡规划师结构工程师岩土工程师安全工程师设备监理师环境影响评价土地登记代理公路造价师公路监理师化工工程师暖通工程师给排水工程师计量工程师
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