Are you looking for alternative streams of revenue for your
business, low-hanging-fruit opportunities, and better profit
margins? According to McKinsey, a dozen or so emerging economies
will collectively have an annual GDP of more than 20 trillion USD
by 2020, exceeding that of the United States. In 2015, developing
economies will account for more than half of the world's annual
GDP. And the largest consumer markets of the next generation can be
found in emerging markets like China, India, and Africa. With
figures like these, "going global," particularly to emerging
markets can present the opportunities for which you are looking. As
markets in developed countries stagnate, slow, dwindle, or reach
saturation, companies are looking for new horizons to sustain them
in the next generation economy. This is no less true for
entrepreneurs and SMEs. While going global has become a business
imperative and entrepreneurs and SMEs look for new opportunities
like larger firms, questions arise around how? How do we go global?
How do we tap into markets far away with limited resources? How
will going global make a difference? How long should we wait before
going global? Going Global on a Dime answers the "how" of going
global from both a strategic and practical approach, focusing on
new and existing firms considering or just starting the going
global process. It re-wires the framework for going global so firms
can navigate the course dynamically while minimizing costs,
managing and maximizing cash flow and return on investment,
streamlining processes, and keeping the "small" firm ready to take
advantage of profitable opportunities. This book will teach you
that it is not your assets that you own alone that will make this
possible, but the addition of resources into which you can tap.
Large multinational corporations no longer hold the monopoly on
going global successful. The author, Lauri Elliott, will share what
she has experienced in leading a small, but global firm, as well as
what she has learned through the process of helping other firms go
global or expand globally. And she brings the experience of others
who advise and lead global firms to the table through interviews
conducted to learn not only the obvious facets of going global, but
the underlying nuances and dynamics at work. Going Global on a Dime
helps you develop a framework and path wrapped around an
opportunity you discover. "It's not a book you read and put to the
side, but a bible of sorts that you keep with you to shape your
opportunities," says Elliott. "Your best return on investment is
putting it to use."
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