Understanding European markets, adapting products and processes to local needs, choosing the best sales distribution strategy, entering new markets, finding a distributor or establishing efficient local operations can be a highly complex process.
The European markets differ from Asia and the Americas in many ways and even between the German-speaking markets there are significant distinctions.
- The European markets are information-rich economies. Different from Asia, market insights can be obtained with relative ease. Here it is an advantage to rely on local professionals for formulating market-entry options.
- The leadership and business culture varies a lot across Europe and even in between the German speaking countries. For example, while Germans prefer a fact-oriented, straight-forward business style, Swiss do not like business partners to be too pushy, and in Austria relationships matter.
- Then again, the Bavarian state with its culture and approach differs from other German states. Its successful combination of tradition and innovation is best expressed by the well-known slogan "laptop and lederhosen".
To reduce risks and expand business with success, it may be a wise choice to develop an alliance with
- a local company with complimentary offerings
- a services company dealing with similar products
- a reliable local distributor
To further expand, you may want to
- establish a publicly limited company
- build your own sales agent network
- form a joint venture with a local partner
- acquire a part of a local competitor
- or a combination of these.
In Europe, customers are interested in local presence and support. Ideally SMEs should act in the German speaking markets via a wholly- or partly-owned EU-subsidiary.
For all these matters, it is reasonable to teamwork with local experts. |