Sales, service and parts of Mercedes-Benz and Sprinter vehicles Education:
Ask a question Internationalisation The range of international business opportunities is huge. In a nutshell Why is this included in the Scottish Business Pledge?
Why is this good for Scotland? What should I do now?
As the world becomes more connected through trade and communications, international markets offer real opportunities for Scottish businesses.
Scotland produces some of the finest food, drink and textiles in the world. We also lead the way in niche sectors such as renewables, oil and gas, digital services and content and life sciences. Scotland is also a key destination for many international visitors.
Fortunately, Scotland has a wealth of experience in global trade. Overseas markets offer an opportunity to increase sales to a much wider customer base.
Exporting can be profitable for businesses of all sizes and lead to new job opportunities. Scottish businesses trading internationally have high productivity rates and are often more competitive than their peers. It stimulates innovation and increased growth, as Scot and business are exposed to new ideas and new markets.
Research has found that small and medium sized businesses which export grow more than twice as fast as those that do not and perform better financially. For many companies, overseas trade also creates an international feel to the business, opening up additional revenue streams and driving new skills within the business.
Businesses that increase their international competitiveness and diversify their customer base are more likely to have longer term security and sustained growth.
The ability of Scottish businesses to internationalise depends on a range of factors, in particular their ambition to grow and to innovate.
It also depends on their ability to adapt to rapid technological change, respond to changing global markets, competition and customer needs and employ people and talent with the right attitudes and global outlook. Many businesses in Scotland have already taken steps to pursue international business opportunities, for example by: Also, Scottish exports to large emerging economies such as China and India remain low relative to our exports to more established markets.
For example, Scottish exports to Ireland are worth nearly five times more than exports to India. This is also true of the number of visitors from overseas, with the established European and American markets significantly larger than those from China and other growing economies.
Bringing people into Scotland, whether for leisure or business tourism is also important in growing our economy. We need to encourage them to stay longer and spend more, through improving the quality and value for money of what Scotland has to offer its overseas visitors. Many Scottish companies already enjoy considerable success overseas.
We want to ensure that others are aware of and make the most of opportunities in markets outside the UK.
Tell us about the international ambitions you plan to progress — now or in the future. They can offer free practical advice and support to guide you through every step, from researching potential markets, finding the best routes to market and overcoming challenges to accessing finance.
For example, you can ask a trade expert about doing business overseas on the Scottish Enterprise website. As the international arm of Scottish Enterprise and Highlands and Islands Enterprise, Scottish Development International has staff in 29 overseas offices across 19 different countries.
You can find a range of helpful information on their website. If your business is involved in the tourism sector, VisitScotlandthe national tourism body, can provide practical assistance on understanding overseas markets and their expectations and marketing your product in these areas.The best thing that I can say about The Scott Business Group is that They are always flexible to our company’s needs and are willing to go the extra mile to ensure our satisfaction with their services.
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Scot continues as an improvisation instructor at both The Second City and Improv Olympic West in Los Angeles, and teaches corporate improvisation workshops with Business Improvisations for Fortune companies, The Duke Fuqua School of Business, Columbia Business School, Duke Law School, and UCLA The Anderson School of Management. *clearance sale* Making room for the new year! Selling all Abstract pieces for $ each, free delivery in Canada, with e transfer or drop off if local. Read the paper “A step change in tail-gas-treating unit performance at low cost with SCOT ULTRA” Read the article “Tail gas treatment on the edge.” View the SCOT ULTRA Powers Performance webcast recording. * SCOT is a trademark owned by the Shell group of companies.
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