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Step One: Prepare to Go Global Step Two: Find the Right Market What factors to consider?
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Population Wealth Cultural issues Political stability Competition Regulatory environment Exchange rates Economic situation and trends IP protection - infringement issues Tax issues Nature of product
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Why: Absolute necessity in order to avoid serious problems Devil's Tongue? Devil's Tongue? When: Pre-entry and market expansion What: Macro data Micro data
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MACRO DATA Tariff information US export/import data Nontariff measures Foreign export/import data Data on government trade policy MICRO DATA Local laws and regulations Size of market Local standards and specifications Distribution system Competitive activity
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SECONDARY Government sources US Export Assistance Center US Export Assistance Center Business Oregon Business Oregon International organizations United Nations World Bank World Trade Organization (WTO) International Monetary Fund (IMF) Private companies Trade associations PRIMARY Interviews Focus groups Observation Survey research Experimentation
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