shush, we're closed

Altough I'm still working on "how to select a new foreign destination for your international business", I recognize that a hot topic of this years is closing subsidiaries. The statistics on voluntary closures and liquidations are showing values almost equal or bigger than newly registered companies.

There's no doubt that many mistakes can be made during the decision-making process of opening new offices abroad. Insufficient or erroneous information can mislead the top management to believe there is business potential where there isn't actually any.

when the apple does fall far from the tree

Today's story is about apples [b2b kind of apples, to keep my blog topics relevant].

Let's consider that your company sells apples. Say your company was established in a market where the tastiest apples are [almost] exclusively grown in your orchard.

That places your company in a very comfortable position vs. competitors and potential new-comers on the market. Customers have little choice if they are looking for good quality apples - they know you and have to come to you whenever they want their fruit.

Now think that your master-of-apples company expands internationally.

new to a new market?

OK, maybe this post's title holds too much newness, but when a company expands internationally, there are two types of market situations it can encounter: either the sector is well established & pretty much everyone in that market knows the product, or the company brings a new-to-market kind of service.

The later is the most interesting marketing challenge: how to market your new b2b service and find early adopters. 

country-of-origin effect in international marketing

Are you aware that, whey your (say Romanian) company's products are judged by a (say German) buyer, your country's reputation plays a role in the decision making process?

Yes, this is another challenging thing about international marketing: you have to be aware of your country's historical or cultural aspects and understand that, although these aspects have nothing to do with your products' quality, they exist in the mind of your foreign client.

Add to that the fact that the clients tend to form a general opinion on the quality and performance of the products originating from a given country based on their previous experiences with other products from that country.

standard, simple, global

Standard, simple, global: sounds impossible, doesn't it?

That's my take: there is no standardization in b2b when going global. Just to be clear from the start.

In regard to the global marketing strategies, there are two main questions a company has to answer:

• Will you standardize your product / service while extending your distribution market?
• Will you adapt your product / service to each new country? Even create new products, if that's the case, for new markets?

I'm extremely biased towards adaptation or even creating new service from scratch, in the right market circumstances. 

It's clear enough if you read this post about adapting your products for international markets or any other labeled under 'localization'.

But there are merits to the standardization, and I want this point of view present in my blog as well.

drivers in brands' internationalization

Today I'm writing about how and where to start developing an international brand from a strong local brand, and which are the main drivers for integrating the international attribute into the brand architecture.

the smart starter

I’m coming back to my favorite subject - the one about market education & start-up offices abroad.

Bringing a new service into an emerging market, while being very well established into its home market, means that the company has to spend a lot of marketing effort communicating the benefits of using that generic category of service, before actually mentioning its own brand name, proving its competencies in delivering that service and promoting itself as reliable vendor of that service.

foreign direct investments: Austria -> Romania

This is one of those posts with statistics about Romania's commercial relationships with other CEE countries - Austria, to be more specific.

The source for this statistics is this study released by the Commercial Service of the Austrian Embassy in Romania:

• Austria is the second foreign investor in Romania, after The Netherlands
• more than 1,000 active Austrian investors are present in Romania
• Austrian investment amounts for 9.35 BLN Eur and represents 18% of the FDI in Romania
• more than 6,100 companies with Austrian equity are established in Romania
• these companies employ over 100,000 people
• main sectors are: Resources | Agriculture | Industry | Services
• Austria is market leader in Banking and Insurance
• Austria is Top Investor in CEE: Romania, Croatia, Bulgaria, Slovenia, Bosnia-Herzegovina and Serbia.

local offices - autonomy vs. control

I always wondered what's the healthiest amount of control Headquarters should exert over their offices abroad.

I'm not talking legal or administrative; I'm not debating branch vs. subsidiary as incorporation form; I'm wondering about the intricacies of headquarters' control over the local offices - how much freedom should the latter have in terms of market strategy?

Working in subsidiaries, I sought independence in some marketing decisions and had to fight for it; working in Headquarters, I'm looking for absolute control over the communication and actions, although I'm fully aware of how important local business culture knowledge is.

where to start your int'l career

A franchise is an excellent place to start learning international marketing, and I'm not just saying that because it's how it happened for me.

A well established, serious franchise organization is built around unitary concept, has a standard product, a clear business model, and an operational system in place.

In my company's case, the business logic was that the more countries were covered by the franchisees’ network, the stronger the overall service was.

lost in migration

OK, 'Lost in migration' is the name of a brain game I like to play, but this post is about bumps a company can hit when migrating its brand into new markets.

Since these days I'm working on registering brands at international trade marks institutions, I remembered having read about unfortunate trade names meaning when you translate them into another language.

allow me to multinationally introduce

This one's going to have lots and lots of figures, but bear with me, as I realized I've never properly introduced Romania's international business environment to my readers.

Let's start on a positive note from E&Y, with Romania being the 6^th most attractive European country for investors in the next 3 years [Ernst & Young - 2012 European Attractiveness Survey].

Looks like business leaders across the world consider Romania to be  a valuable destination for investments.

discretely launching this

This is a somehow secret blog on international marketing stuff.

I found myself browsing through intl_mkt pages full of criptic or niche information, without finding an actual good source on how to market your b2b services internationally.

This is why www.zoominglocal.com is happening.
As long as my free time will allow it, i'll post about my experience.

Because I've been on both ends of an international business: I've worked in subsidiaries of  B2B services company, and I've worked in the headquarters of a software producer & exporter.

My other expectation from this page, besides offering my views and what I know, is maybe get answers to my unsolved dilemmas, learn more by documenting for my posts, and receive advice from my peers.

The secret part, well, that i'll explain later.

Until then, check out this Blog's Presentation done with Prezi - a cloud-based presentation software with zoomable canvas.

intlmkt blog prezi on Prezi

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Disclaimer: this blog reflects my own opinions. Everything published here is my personal view, built from my overall professional experience and from the educational content I've absorbed.

P.S. My Technorati blog code is E4FRU445SA9R.