export-strategies

Vocabulary Word

Definition

Export-strategies are the plans made by a business or enterprise to sell its products or services to a market outside its home country. Think of it like a game plan or playbook for reaching foreign customers.

Examples in Different Contexts

In the manufacturing sector, 'export strategies' are crucial for companies seeking to increase their market share by entering global markets. A manufacturing executive might outline, 'Our export strategies include partnering with local distributors and customizing products to align with international standards and preferences.'

Practice Scenarios

Business

Scenario:

It has become evident that we need to increase our global market share. The European and Asian markets seem quite promising.

Response:

I agree. Perhaps we should reconsider our export strategies for these markets to understand potential challenges and opportunities.

Innovation

Scenario:

It seems our latest technological innovation could be a game-changer internationally, particularly in continents focused on sustainable solutions.

Response:

Yes, expanding globally would be impactful. However, our export strategies need to account for different regulatory laws in those continents.