Internationalized companies are characterized by being more competitive, larger, have a higher turnover, have higher productivity rates and are more resistant to adverse cycles. In a global market, leveraging the competitiveness of SMEs opens up a world of opportunities if competitive advantages can be exploited.
Going international is a complex but rewarding challenge. The demands and dangers of going abroad will diminish with the help of companies like MingTa, which will guide you and provide added value to your offer and management; but why internationalize?
Cost advantage:
- Financial: possibility of obtaining financial resources at lower cost and diversification/access to financial sources not available in the domestic market.
- Taxes: it allows you to benefit from better incentives and subsidies in each country.
- Procurement: resources can be obtained under better conditions.
- Human resources: search for lower personnel costs.
- Production costs: cost reduction through economies of scale, economies of scope or through the learning curve.
Sales advantage:
- Corporate image development: selling the product in foreign markets considered demanding or expert can contribute to improving the product’s image in the domestic market.
- Sales growth: possibility of accessing larger markets and especially markets with high growth potential.
- Reduction of sales operating costs: marketing the product in several international markets may allow to spread the marketing costs among several subsidiaries.
- Sales stability: the seasonal cycles of the local market are broken.
- Improved sales profitability: accessing markets with a competitive industry structure allows for better product profitability.
Overcoming the challenge of internationalization requires optimizing processes. the SME gains in competitiveness and strength. At MingTa we will help you overcome this trial by fire and emerge stronger from one of the great challenges of globalization.
