Video communications could boost the number of UK manufacturer to enter new markets?
According to the BIS (Department for Business Innovation and skills) is currently manufacturing the third sector of the UK economy and public sector cuts threaten the recovery of Britain from recession, analysts are turning to?private sector to stimulate growth in the UK over the next year ??..
A recent report warning of danger by Zurich Insurance who interviewed senior managers in the manufacturing sector in the UK found that a growing number are considering expansion into high growth markets such as Brazil, Russia, India and China (BRIC?).?These markets are considered the greatest opportunity for growth in 2011, 47 percent of British manufacturers interviewed.
However, some 60 percent felt that the risk associated with these untested markets is high, resulting in a cautious but willing to market entry.?The report suggests that British companies will seek to better understand the potential risks and challenges associated with each of these high-growth markets, and form alliances with other organizations to facilitate market entry.
Video communications provide obvious benefits of reduced costs for companies in terms of reduced travel and improved collaboration with colleagues and suppliers worldwide.?Therefore, video communications could also give UK manufacturers a competitive advantage in terms of penetration of new markets.?Because of the cautious approach that British companies will adopt, they spend more time looking for potential new markets and concentrating efforts to find the right partner to become their local presence.British manufacturers want to find a partner who has the same values ??and commitment to quality and customer service.?It would in many cases involve a visit to the market in conjunction with UKTI (UK Trade & Investment) team to visit several potential partners to meet face-to-face, which could result in a long journey?and costly for executives.
This selection process could easily be done with video conferencing over an IP connection, enabling British companies to see people and their facilities and have a better idea of ??the business environment.?Time and money are saved by the ?leg work? of the house. This process could lead to an agreement with a new partner, but although the team still travel to the new market for the final selections, they have already reduced?the pool to a handful of companies to visit, saving time and money.
And benefits of video collaboration beyond the initial setup process.?After an agreement is reached with a new partner on the market, then there will be a training program required for the new partner ?on?.?They will need to draw on your experience of how to market, sell and service your products ? inevitably involving many key team members from different departments.?Again, fly your team to Brazil, Russia, India and China would be costly and leave your seat stripped of resources and the partner may be reluctant to visit you for the same reasons.?Office Products and the room-based videoconferencing will allow your team to meet regularly with your new partner face-to-face product demonstrations, presentations, sharing, watching video clips and more can be done using the?Cisco telepresence solutions.
Experience for yourself the true value of Cisco TelePresence meeting with a free video!?Why not arrange a meeting with a potential partner abroad and discover the benefits of collaboration in this revolutionary communications experience?
Sign up Free Email Newsletter
Stay Updates with this Blog. Get Free email newsletter updates, Enter your Email here:Don't forget to confirm your email subcription
?
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.