Tuesday, 23 April 2013

Respect geography or suffer the consequences


 

One of the most valuable commodities available to any organisation is local knowledge.

How many times has a venture ended badly owing to a basic failure to understand and deal with local market conditions?

Tesco is winding up its US chain of 199 Fresh & Easy shops, which have never made a profit, at a cost of £1.2bn.

As well as the US withdrawal, Tesco is exiting Japan and said it would take "a more measured approach to our growth in China".

This is a classic case of going for growth and failing to understand that a successful domestic business strategy does not always travel well.

For companies wishing to establish a commercial operation in the UK they are faced with a mature and sophisticated market. Although offering different challenges to operating in for example a developing market there are still obstacles in trying to establish a presence.

Operating overheads present a crucial challenge and this is where we can assist you to achieve a cost-effective solution to marketing your products in the UK. 

Take a look at our website www.glbconsulting.co.uk to see the services we offer.

 

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