Identified Strategic Industries

Finance TipsThe first one is called What? Yes, the first big question that an entrepreneur or business owner must ask is what do I produce? And it is that the principle is very basic. The business, if any, must respond to a need, whether real or created / induced.

The applicant acknowledges that the market requires of satisfaction, whether goods, products or services. That something you are looking for the client can be induced either by image, snobbery, conceit, among other things., Or because it really meets some basic needs like the food, clothing, housing, among others.

But companies must go much further. Identifying the “what we will produce” also involves determining the level of profitability to the company could hope as well as ease of it to hit the market.

Although it is becoming increasingly difficult to compete, then it would be logical to find those areas of opportunity that make the effort to print is the most economical way and can count on staying longer in the market.

The fragmented niche markets, innovations, changes in customer tastes, the use of technology, new fashion trends are ingredients that provide seasoning to taste of the entrepreneur to decide which option to manufacture product.

In Mexico there are already well identified strategic industries that display a greater potential for success, and although at some point it was thought that some of them may have been unfeasible, the reality is different.

Thus, in his study ProMéxico We want to be your business partners!, Strategic industries that have the strength to compete in the world and are in the country are ten:

The aerospace: the growth of exports in this industry over the past 5 years was 140% and the number of companies established in the country has tripled in a similar period.

The food, consisting of branches forestry, apiculture, aquaculture, livestock, confectionery, tobacco, agriculture, among others, that could well exemplify his success with the simple fact that the increase in exports was 12% per annum between 2003 and 2007 on agricultural exports.

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