and growing companies -- pioneers of business in the global village -- have discovered lucrative new markets abroad. Even developing countries are receptive to franchising, licensing and distribution. Not only are they enthusiastic importers of products and services, they are also eager to acquire the technological know-how and system support that comes from working with their international trading partners.
If your small company is initiating an international expansion program, especially through franchising, licensing, joint ventures or technology transfer, you should be aware of and give serious consideration to the following factors:
Language Barriers. Translating your marketing and operational materials into the local language may seem simple, but if the idioms that characterize your concept or marketing approach aren't easily expressed in the host language, you could find yourself in serious trouble. More than a few companies have had unexpected surprises, like the oft-told story of the Chevy Nova. When Chevrolet named that model, nobody thought to ask, "What does Nova sound like to people who speak Spanish?" "Does not go" is hardly an ideal name for an automobile.
and growing companies -- pioneers of business in the global village -- have discovered lucrative new markets abroad. Even developing countries are receptive to franchising, licensing and distribution. Not only are they enthusiastic importers of products and services, they are also eager to acquire the technological know-how and system support that comes from working with their international trading partners.If your small company is initiating an international expansion program, especially through franchising, licensing, joint ventures or technology transfer, you should be aware of and give serious consideration to the following factors:Language Barriers. Translating your marketing and operational materials into the local language may seem simple, but if the idioms that characterize your concept or marketing approach aren't easily expressed in the host language, you could find yourself in serious trouble. More than a few companies have had unexpected surprises, like the oft-told story of the Chevy Nova. When Chevrolet named that model, nobody thought to ask, "What does Nova sound like to people who speak Spanish?" "Does not go" is hardly an ideal name for an automobile.
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