{"id":5659,"date":"2016-11-11T09:07:50","date_gmt":"2016-11-11T09:07:50","guid":{"rendered":"http:\/\/localhost\/test_manager\/developing-an-export-strategy\/"},"modified":"2019-07-10T10:41:26","modified_gmt":"2019-07-10T10:41:26","slug":"developing-an-export-strategy","status":"publish","type":"post","link":"https:\/\/managersoffice.net\/el\/developing-an-export-strategy\/","title":{"rendered":"Developing an Export Strategy"},"content":{"rendered":"<h2><strong><span style=\"color: #000033;\"><span style=\"font-size: small;\">Assessing Your Company&#8217;s Export Readiness<\/span><\/span><\/strong><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #000033;\"><span style=\"font-size: small;\">Answering these general questions about how exporting will enhance into your company&#8217;s short, medium and long-term goals will help determine your company&#8217;s readiness to export:<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><span style=\"color: #000033;\"><span style=\"font-size: small;\">What does the company want to gain from exporting?<\/span><\/span><\/li>\n<li><span style=\"color: #000033;\"><span style=\"font-size: small;\">Is exporting consistent with other company goals?<\/span><\/span><\/li>\n<li><span style=\"color: #000033;\"><span style=\"font-size: small;\">What demands will exporting place on the company&#8217;s key resources, management and personnel, production capacity, and finance and how will these demands be met?<\/span><\/span><\/li>\n<li><span style=\"color: #000033;\"><span style=\"font-size: small;\">Are the expected benefits worth the costs, or would company resources be better used for developing new domestic business?<\/span><\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #000033;\"><span style=\"font-size: small;\">The next step is to more closely examine the impact of exporting on your company.<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><strong><span style=\"color: #000033;\"><span style=\"font-size: small;\">Developing an Export Plan<\/span><\/span><\/strong><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #000033;\"><span style=\"font-size: small;\">Once you have decided to sell your products abroad, it is time to develop an export plan. A crucial first step in planning is to develop broad consensus among key management on the company&#8217;s goals, objectives, capabilities, and constraints In addition, all aspects of an export plan should be agreed upon by the personnel involved in the exporting process, as they will ultimately execute the export plan.<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #000033;\"><span style=\"font-size: small;\">The purposes of the export plan are (a) to assemble facts, constraints, and goals and (b) to create an action statement that takes all of these into account. The statement includes specific objectives, it sets forth time schedules for implementation, and it marks milestones so that the degree of success can be measured and help motivate personnel.<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #000033;\"><span style=\"font-size: small;\">At least the following ten questions should ultimately be addressed:<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<ol>\n<li><span style=\"color: #000033;\"><span style=\"font-size: small;\">Which products are selected for export development? What modifications, if any, must be made to adapt them for overseas markets?<\/span><\/span><\/li>\n<li><span style=\"color: #000033;\"><span style=\"font-size: small;\">Which countries are targeted for sales development?<\/span><\/span><\/li>\n<li><span style=\"color: #000033;\"><span style=\"font-size: small;\">In each country, what is the basic customer profile? What marketing and distribution channels should be used to reach customers?<\/span><\/span><\/li>\n<li><span style=\"color: #000033;\"><span style=\"font-size: small;\">What special challenges pertain to each market (competition, cultural differences, import controls, etc.), and what strategy will be used to address them?<\/span><\/span><\/li>\n<li><span style=\"color: #000033;\"><span style=\"font-size: small;\">How will the product&#8217;s export sale price be determined?<\/span><\/span><\/li>\n<li><span style=\"color: #000033;\"><span style=\"font-size: small;\">What specific operational steps must be taken and when?<\/span><\/span><\/li>\n<li><span style=\"color: #000033;\"><span style=\"font-size: small;\">What will be the time frame for implementing each element of the plan?<\/span><\/span><\/li>\n<li><span style=\"color: #000033;\"><span style=\"font-size: small;\">What personnel and company resources will be dedicated to exporting?<\/span><\/span><\/li>\n<li><span style=\"color: #000033;\"><span style=\"font-size: small;\">What will be the cost in time and money for each element? <\/span><\/span><\/li>\n<li><span style=\"color: #000033;\"><span style=\"font-size: small;\">How will results be evaluated and used to modify the plan?<\/span><\/span><\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #000033;\"><span style=\"font-size: small;\">The first time an export plan is developed, it should be kept simple. It need be only a few pages long, since important market data and planning elements may not yet be available. The initial planning effort itself gradually generates more information and insight. As the planners learn more about exporting and your company&#8217;s competitive position, the export plan will become more detailed and complete<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #000033;\"><span style=\"font-size: small;\">From the start, the plan should be viewed and written as a management tool, not as a static document. Objectives in the plan should be compared with actual results to measure the success of different strategies. The company should not hesitate to modify the plan and make it more specific as new information and experience are gained.<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #000033;\"><span style=\"font-size: small;\">A detailed plan is recommended for companies that intend to export directly. Companies choosing indirect export methods may require much simpler plans.<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #000033;\"><span style=\"font-size: small;\"><strong>Manager\u2019s Office<\/strong><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #000033;\"><span style=\"font-size: small;\"><strong>Export Dept<\/strong><\/span><\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>Assessing Your Company&#8217;s Export Readiness Answering these general questions about how exporting will enhance into your company&#8217;s short, medium and&hellip;<\/p>","protected":false},"author":1,"featured_media":7877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":""},"categories":[153],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Developing an Export Strategy - Manager&#039;s Office<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/managersoffice.net\/el\/developing-an-export-strategy\/\" \/>\n<meta property=\"og:locale\" content=\"el_GR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Developing an Export Strategy - 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