Tuesday, November 16, 2010

Top 7 Critical Success Factors for Business - Final Part

Last but not least in this 7 part series in the critical success factors for business is an area where many businesses make many mistakes.
  1. Plan
  2. Competitive velocity
  3. Customer satisfaction
  4. Network
  5. Technology
  6. Culture
  7. Global thinking
Technology has shrunk the business world. Businesses of all sizes can now have access to worldwide markets, allowing them to share information, technology and products.

Keeping abreast of global trends can lead to new channel opportunities or ways to compete.

The vast majority of businesses going overseas fail within the first year after spending a lot of money on travel, consultants, market research, trade shows, giving out samples and entertaining potential clients.

The key reason for failure is the inability to understand, accept and fit it into a foreign culture.

Want to expand globally without the mistakes, Ivy Business Consulting can offer expert advice, having had experience in operating global businesses. We can also assist with the preparation and lodgement of grant applications for export marketing funding.

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