To Grow Your Business Abroad, Partner with Local Influencers

Harvard Business

And they can be very expensive — in addition to overseas business travel, local distribution partner relationships require significant up-front investment to get started and to manage effectively. million RMB (nearly $500,000) in sales of a limited-edition handbag in just six minutes. William Andrew/Getty Images. When companies expand into foreign markets, they need to gain the trust of local business partners and prospective customers in order to succeed.

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Sometimes “Small Data” Is Enough to Create Smart Products

Harvard Business

However, when planes travel around the world, communication starts to breaks down. If you build a team that brings in operations, sales, finance, and the executive suite, you are more likely to figure out where the real bottlenecks and opportunities are, and you are more likely to come up with practical solutions that actually start solving them. These are amazing technologies with great promise for any level of executive in any B2C or B2B company.

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