Question
How can I reply to the following peer post? Hello class Not knowing how to do business with your supplier or setting up a company
How can I reply to the following peer post?
Hello class
Not knowing how to do business with your supplier or setting up a company in a foreign environment will have a big problem for entrepreneurs, so it is important that entrepreneurs who aspire to specialize in international business learn about the culture of the country where the business will be conducted. . In any negotiation it is important to know the culture of our supplier, to be sensitive to the nuances and differences of the people of one country and another, it is essential for success in the market. It is important to know cultural aspects of the countries with which we are going to negotiate, due to the importance it has to achieve success by understanding behaviors and habits, such as the scale of values that define styles of action.
Successful companies have learned the importance of culture in a company and how it can boost employee morale, foster equitable workplaces, and increase profits. Each country has a different behavior regarding aspects such as punctuality, dress codes, among other things; however, kindness is always a key that opens doors. Beyond the language, let's keep in mind that communicating means "sharing". What we want is to understand the other and to understand us.Knowing these elements is a valuable strategy to achieve and improve your business results. Being internationally sensitive and willing to adapt to the environment of your supplier or potential client will undoubtedly lead you to success in business.
In the current market there is the Global concept, which allows a product in question to be adapted to the area in which it is being developed without losing its main identity. The problem is really found when companies think that since their product is very good, they don't need to think about everyone's tastes. By thinking this way, said company is closed to the possibility of getting many more clients, thinking about the needs of a group of people, or even an entire country.Remember that when entering a new business activity in a foreign country, we must consult with quality consultants in the local market. Quality consultants will save us a lot of time, money in the long run, and even connect us with key people in the relevant industry.
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