The chief executive of Tesco PLC, Terry Leahy, runs a retail chain that’s twice the size of Wal-Mart in the United Kingdom. Here are five tips from Mr. Leahy on expanding into new international markets:
(1) Do your market research
(2) Be flexible with your business formula
(3) Hire local management
(4) Do not move to too many countries at once
(5) Make sure local consumers have sufficient income to buy your products and services
EGS and our Clients follow these same tips!!!
Market research is always essential for the succes of any kind of business.:”‘
every business and investment needs some very good market research if you want it to succeed *’”
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