Why succeeding on the 1st attempt is so important when venturing overseas
1 like488 views
Failure when venturing overseas can be costly and damage a company's reputation, making it difficult to get second chances. It is important to succeed on the first attempt to avoid wasting time and resources on mistakes or failed launches. Partnering with a global content management expert can help streamline processes, focus a business on its strategies, and increase the chances of first-time success abroad by having an advisor manage compliance and other requirements.
Why succeeding on the 1st attempt is so important when venturing overseas
- 1. Why Succeeding on the 1st attempt is so important when Venturing Overseas
- 2. 1. Failure is going to cost you
- 3. Mistakes are expensive especially in a foreign country, it can mar any future chances of re-entry.
- 4. Mistakes will not only damage the companys reputation, money will also go to waste
- 5. Just imagine the damage control measures to undertake when attempting to set things right.
- 6. 2) Second chances dont come easily
- 7. Case Study
- 8. Umbro named one of its trainers Zyklon
- 9. Zyklon also is the name for the gas used in Nazi concentration camps.
- 10. Facing protest by the public for its cultural insensitivity, Umbro had to withdraw the shoes from the stores and make a public apology.
- 11. Failing to make the right impression with your first try will create a barrier between you and the consumers.
- 12. 3) Time is of the essence
- 13. It is important to strike while the iron is hot.
- 14. You may have identified the perfect window of opportunity to launch your product or service
- 15. All of your planning and hard work will go to waste with a failed launch.
- 16. Partnering a Global Content Management (GCM) expert can put you on the fast track to success
- 17. Well-managed and successful companies usually have trusted advisor, lawyers for legal advice and financial advisers for investments.
- 18. If you are eyeing a share of the global market, You should have a Global Content Management (GCM) expert by your side.
- 19. Heighten your chances of succeeding abroad
- 20. Streamline the processes that your business has to undertake.
- 21. Focus on your business strategies While the GCM expert manages the different processes on your behalf.
- 22. Corporate Headquarters 10 Jalan Besar #16-02, Sim Lim Tower Singapore 208787 Tel: + 65 6577 4646 Fax: + 65 6577 4647 www.verztec.com