Global Marketplace Benefits

• Stability During Economic Turbulence
  International businesses competing in the global marketplace are not reliant on the sole health of one country’s economy. Such organizations practice keener risk management and are far more likely to weather short and long-term economic disturbances when they do strike.
  Downturns or disruptions in one market are buoyed by the financial and operational lifelines in others. And while today’s economies are undoubtedly more interconnected than ever, the nature of those connections and the tools and technologies
  underpinning them present new means for organizations to evenly distribute risks when geographically dispersed. 

• Expanded Market Share
  Cross-border capital flows are music to your company’s bottom lines. The onus of the global marketplace encourages organizations to move outside the limited capacities of their domestic markets and into the scaled-up stages of worldwide customers, vendors, and even employees.
  Forward-thinking managers see beyond their immediate country’s consumers and vendors and into dynamic, cost-saving, and profit-generating international frontiers. For small and medium-sized businesses, the global marketplace offers means to reach
  customers and expand sales in ways that, even a decade ago, were inconceivable. As your market share and brand awareness grow, your business can compete with far larger entities and still provide the same high-quality deliverables. 

• Enriched Workforce
  Globalization brings another benefit to today’s organization: The globally remote workforce. Over 3.9 million employees work remotely full-time in the US. What’s more, nearly two-thirds of U.S.-based companies employ full and part-time employees who
  work outside of their offices.
  The global marketplace directly correlates with improved employment opportunities for those in emerging and early-stage economies. Skilled international candidates now have unprecedented passage into working for foreign-owned companies. This is a particularly beneficial development for small and medium-sized businesses, who now have access to
  a wider network of talent they can leverage for international growth.

• Improved Technology
  Culture and technology vary greatly depending on the country. Expanding globally gives your organization access to new technological equipment and norms — which can be funneled into strategic advantages and competitive innovations both domestically and abroad.
  Harnessing tech innovations can have a direct influence on more efficient operations back in your US headquarters, particularly for those in the manufacturing and service industries. According to the Organization for Economic Cooperation and Development (OECD), the US is no longer the global leader in new processes or equipment innovations in these sectors. Manufacturing and service organizations can solidify their thought leadership and leverage a competitive differentiator by sourcing technological
  breakthroughs from the global marketplace.

• Expedited Access to Vital Resources
  Leaner, stronger businesses tend to be ones that source necessary resources as cost-effectively as possible. Expanding your presence into the global marketplace is a leading means to secure a range of key business assets and materials, particularly ones that aren’t available in your immediate area.
  Many companies push for global marketplace expansion to gain profitable access to direct and indirect resources, such as:
    – Specialty labor
    – Cost-effective production and manufacturing
    – Raw material sourcing (metals, iron ore, lumber, agricultural products, etc.)
    – Technology (hardware, software, industry-relevant tech R&D, etc.)
    – Thought leadership and consultants
    – Expanded capital

• Compete with Global Rivals in the Global Marketplace
  To compete with global rivals (including ones larger than yours in terms of infrastructure, market share, capital and assets, brand awareness, and more), your organization must think globally yet act and ally locally.
  It can be an intimidating and unintuitive course of action for many organizations,  especially those expanding internationally for the first time. Yet today’s global marketplace-geared technologies and resources serve to connect you with subject matter
  experts, consultants, industry insiders, trainers, and potential employees in your new region. By establishing these localized resources, you strengthen your international expansion acumen and can execute operations just like the name-brand powerhouses.

• Tap into Emerging Markets Before Others
  Organizations that are globally marketplace-minded are more prone to recognizing international business opportunities before their domestic competitors. These same organizations tend to make routine market demographic research a strategic priority,
  alongside thorough data analysis reviewing the financial viability and stability of entering prospective markets. They’ll also conduct their own cultural comprehension tests of that market, considering potential language barriers, government regulations, supply chain management models, potential compliance concerns, and more.
  Keeping tabs on this information primes organizations to commit to emerging markets (EMs) when the opportunity arises, with the proactive knowledge and resources ready to integrate smoothly into a new country far ahead of competitors.
  Expanding internationally is not a new business concept. However, today’s organizations have access to tools and technologies that make the sharing of knowledge, data, goods, services, capital, and more nearly instantaneous across borders, creating new
  opportunities to make a commercial impact abroad.
  In other words, preemptively navigating the global marketplace prepares your business for more successful globalization. Businesses have more visibility and resources ready to scale up operations internationally or expand their influence abroad. These opportunities are pivotal to locating the best industry talent, accessing a wider pool of direct and indirect
  resources and — ultimately — increasing company profits. 

Given anecdotal evidence of global market benefits along with the estimated market potential, this clearly seemed like a worthwhile opportunity to pursue. To test this hypothesis, an in-depth analysis was performed (through case studies and a survey). The insights that derived from this analysis were extremely valuable and most decisions made were supported by information gathered such as the overall process and pricing strategy.

Because of how much we value the global market, we have developed a software application THE TRUSTED COMMERCIAL and THE TRUSTED SERVICE that will cater to the satisfaction of our customers by managing all their activities seamlessly. We will also ensure that we form a strategic relationship with our online merchants as this will enable us to grow our customer base. We have built a solid business structure that will allow us to hire only the best to work for us.