











HOME
Trading
GML believes American business must go international, Americans
can go international; and it isn't that big of a problem. But many have
to realize that in another country they absolutely won't do things the
way you do them - but that's not wrong. It may not be as good, but it may
be better. Some of the most satisfying business relationships you'll develop
are likely to be international ones.
Taking 10 Trade Steps to Successful trading
In their initial work plan, executives, academics and officials
with a hand in the Arizona Environmental Technology Industry Cluster laid
out a 10-step approach for engagin business prospects overseas and, they
hope, winning significant pieces of business.
1
Assess the needs of the potential market - identify
potential customers.
2
Assess your own capability to meet those needs.
3
Identify the tools - technology, finances, regulatory
expertise - required.
4
Begin to match specific capabilities to specific
needs.
5
Lay the groundwork for an initial meeting with the
client.
6
Hold the first face-to-face meeting.
7
Following the meeting, assess the results. Focus
on the "soft" side of the
business relationship, the cultural and philosophical
differences. Having
done that, refine the needs and capabilities. Define
follow-up and the
products and services to be offered, the partnerships
to be formed, the
contracts to be suggested.
8
Hold a second face-to-face meeting to discuss specific
business
relationships and to agree on follow-up.
9
Implement the sales or partnership agreement.
10
After an agreed-upon period, evaluate the arrangement,
analyze the
lessons learned. Review the experience for its applicability
to other markets.
For further information, contact Global Markets
Limited.
CONTACT RAMESH C MANGHIRMALANI
Back To Main Next
Page










