The Trouble About International Advice

Written by Trevor O'Hara


Continued from page 1

Withrepparttar rising pressure on firms worldwide to look beyond their domestic borders, buyers will become increasingly relentless in their quest for top quality counsel and information. That means that advisors in every field of expertise will need to continuously demonstrate their own knowledge, resources, experience and commitment to providing good international advice.

As all inrepparttar 106416 advisory fraternity agree inrepparttar 106417 aftermath ofrepparttar 106418 Enron scandal, it unfortunately only takes a small element to sourrepparttar 106419 reputation ofrepparttar 106420 rest ofrepparttar 106421 community who have worked hard to earn that trust. Moving forward, advisors in whatever capacity may wish to considerrepparttar 106422 following:

1.Know your limits: There is no better way to build credibility than by saying: I can’t help you, but I know somebody who can. If you really don’t think you haverepparttar 106423 expertise, don’t do it. Referrepparttar 106424 business.

2.Form alliances: If you are building an international capability into your existing advisory or consulting practice, then start by forming alliances, so that areas of expertise can be cross-referred, even on a finder’s commission basis.

3.Recruit experienced individuals: Advisors increasingly need to show their strong international and commercial background. That means having in place budgets for attracting, motivating and retaining top quality individuals into organizations who are uniquely familiar withrepparttar 106425 international challenges and issues ofrepparttar 106426 area they are advising.

4.Performance and measurement: Ensure that you have a quantitative, results-based infrastructure in place. This infrastructure should not only recognizerepparttar 106427 efforts of your best advisors, but will also weed out those few mediocre unresponsive individuals intent on riding onrepparttar 106428 back ofrepparttar 106429 rest.

5.Avoid complacency: The world changes rapidly. So does information. Stay on top of your field of expertise.

6.Give it to them in a language they can understand: Advice needs to be delivered in a way that is easily translatable into everyday, practical situations. Don’t give clients an excuse to see your hard-earned work end up on a bookshelf collecting dust.

7.Consider your options: Finally, to those very few who enterrepparttar 106430 field withoutrepparttar 106431 proper background and experience, or who are not taking their role that seriously, you are not only doing yourself a disservice, but also those of your advisory fraternity. Frankly, you should consider a career in landscape design.

In summary, an indication ofrepparttar 106432 strength of an executive’s commitment to international success is his ongoing determination to continue seeking external counsel, realizing that not all advisors can be tarred withrepparttar 106433 same brush.

The mountaineering and sports clothing manufacturer Berghaus sums it all up in a recent advertising campaign. A photo showing world famous climber Chris Bonnington reachingrepparttar 106434 summit carries a great strap-line – “Trust is earned!” International advisors in pretty much every capacity face a steep climb as it is. If we are to encourage firms to continue relying on external advice, let’s not allowrepparttar 106435 a few misfits to spoil it forrepparttar 106436 rest of us who have worked so hard to earn that trust.

Trevor O’Hara is Managing Partner of Renarc (www.renarc.com), a consultancy specializing in helping firms build a framework for successful international expansion. He can be reached by phone on Tel: +44 (0)1491 411 118, or via email at t.ohara@renarc.com


Planning International Expansion? 10 Success Tips for Getting It Right First Time

Written by Trevor O'Hara


Continued from page 1

6.Do you haverepparttar support ofrepparttar 106415 entire management team? A management team that does not agree with and wholeheartedly supportrepparttar 106416 plan for expansion is going to cause problems. Since every division of your company will be contributing to this project, it is best to clear up all perceived issues and concerns atrepparttar 106417 highest level ofrepparttar 106418 company, before you even start to draw up your blueprint for expansion.

7.Have you nominated an international champion? This person should carryrepparttar 106419 role of spearheadingrepparttar 106420 international expansion effort. Decide and dedicate this role wisely. This must be a senior role, capable of driving change acrossrepparttar 106421 organization where needed most. In addition,repparttar 106422 candidate should have sufficient international experience to make expansion a success.

8.NEVER underestimate culture. Again, all too often, firms rush into foreign markets, assuming that what works at home should apply in overseas markets. After all, your product or service has been successful back home, so why would it not be in a foreign market? WRONG. Even a major corporation is a non-entity, a start up in an overseas market. Userepparttar 106423 axiom – When in Rome, Do as The Romans Do, and take heed of local business culture, customs, etiquette, buying behaviour and so on. Gain respect and build your reputation according to how you are perceived and accepted in foreign markets.

9.Train, recruit and provide incentives. Spot international talent inside your company and motivate well. Train your existing staff, as well as recruit seasoned internationalists. Don’t try to cut corners here. Since people are your biggest asset, give them a chance to help you become a global player. If you don't do this, you may find your staff leaving to helprepparttar 106424 competition.

10.Be patient. Take things very slowly and avoid growing too fast. Develop markets one by one. That way you can develop a template for what works best and apply it to other markets.

Trevor O'Hara is Managing Partner of Renarc (www.renarc.com), a consultancy specializing in helping firms build a framework for successful international expansion. He can be reached by phone on Tel: +44 (0)1491 411 118, or via email at t.ohara@renarc.com


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