Finance Tips And Finance Principle
Finance principle would accept that if there are no customers, no business. Therefore, our second wise ask to whom to sell our products?
On this, we must caution that the markets are not only physical and tangible. Nowadays, the use of information technology, the Internet and databases, open the possibility of influencing virtual markets unfettered by physical barriers or distances, and therefore, it is becoming easier to expand in the acting global world.
The companies have also found that when the market tends to dry up or become saturated, the strategy can be directed to the continuation of the same business, but looking for other alternative markets. Thus, a single product that may well be offered in the U.S. or Canada, would be competitive in other continents or nations, once the market is saturated or end in the interest of consumers in the original market.
Also, having a product that is unique to a country, either for their exceptional quality or because it is the only region in the world where it occurs, makes the regional positioning is the crucial factor. Consider the quality of the pearls in Japan, or Colombia’s emeralds, diamonds in South Africa. Is this a case an example of how an industry might even positioning a nation? Top of mind “industries? (C. Barber, 2006)
Are also legal regulations or formulas that require only that there are items that are only produced in certain geographical confines protected as well be called “appellation of origin.” The tequila in Mexico is a case, but it could also be the cava from Spain, Italy frizante, and so on.
The guests are then both in the areas where these goods are produced but also in regions where not possible to generate them for obvious reasons. And that opens another beta for business.
Having solved the what we produce and to whom we will lead the product, the question that arises now is how to achieve them. And that makes their participation, the third great sage.
The Mexican, by nature, is extremely clever and has a knack for manufacturing. At the international level highlights its ability to adapt to various conditions in production. However, the issue also demands not only effective but efficient. (C. Barber, 2005).
Knowing that to achieve adequate efficiency that will lead to highly competitive levels of productivity is also necessary to invest in technology, training, training of human talent.
On the other hand, it is true that the new generation is taking towards a revolution of knowledge and information. Perhaps there is the key to business success today. Intellectual capital, that intangible capital, is far more profitable!
This third question is also related to the sustainability of the product, as any company should be able to not only attract customers but retain either quality or features offering unique products, or an extraordinary after-sales care that provides the company to its customers or simply because the response speed to produce the goods or services and placing on the market.
These four pillars are, in fact, the basics to build real competitive advantage. (G. Jones, 2008). How you should respond to generate and support in time these competitive advantages.
And along with our logic, the fourth wise ask and where?
Developing high quality products that compete in various markets privileged again suggests that international forum which has already been spoken.
Every day, markets expand, either by international agreement through the consolidation of economic blocs, for the unification of the currency in some countries, for the standardization of products, to name a few reasons.
This dynamic means that there is a potential in the domestic market but also in international markets. To identify those business opportunities in our country and bring life, you could have greater assurance of success by offering our own.
Let us not lose sight of, example, consider facts in the world 4 out of 10 televisions are maquiladoras in Mexico, and the same applies to more than 40% of the cells that are exported to the United States, same as those produced here. (B. Ferrari, personal communication, 2009).
How hard would learn that in the center of the Republic, an institution of the stature of ProMéxico had warned us about a business opportunity relating to the production of clothes for bed, and that it has been exploited by a foreign company that is exporting 95% of its production to the United States! Would it have been possible to exploit this opportunity by us Mexicans?
Already well as Arthur Barker said: “You can and should shape their own future, because if not, surely someone will.”
And this brings us finally to the fifth wise, the question that would end, what and when?
Everything has its time, however, opportunities are not forever, and more, are usually temporary. Hence, products, goods or services offered must be in the space, time and form. It must be recognized as temporary, circumstantial and dimensional.
This concept leads us to reflect on the relevance, validity, significance and relevance of the actions they take business. (C. Barber, 2005)
And in this, an appointment find its place, “Everything changes, nothing lasts … We do not seek to remain in the products, but competition.” (Masatoshi Naito, Matsushita).
In this attempt to make the company prevails, consolidates and why not to grow, in this quest for serving customers and ultimately the true and genuine substance to satisfy a need in real time, where again the cycle of questions instead of ending, it starts …
And we question: what to produce? And this makes a real perpetual round, dynamic and flexible, which makes the employer in a revolutionary ideas generated this change, finally and after all, the changes bring changes.
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