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How to Achieve Business Success @ WCIT 2014:
Ten Keys to Creating and Marketing Successful
Global Products & Services
Presented by:
Tom Evans
The Lûcrum Group
May 5, 2014
Presentation Agenda
• Why Go International
• Ten Keys to Export Success
• Global Market Entry @ WCIT 2014
Why Go International?
• Increase revenues and profits!
– Large market opportunity
• Large country markets
• New and fast growing markets
– Diversify Market Risk
• Help weather local financial downturns & seasonality
– Increase Revenue for Fixed R&D Investment
– Become more competitive
• Increase credibility of company
• Help identify new opportunities & strengthen product
• Better serve multinational companies
Global Software Market
$US Million % of World Total
United States 133,193 40.01%
Germany 23,191 6.97%
United Kingdom 22,311 6.70%
China 16,445 4.94%
France 16,390 4.92%
Japan 13,735 4.13%
Italy 10,635 3.19%
Canada 10,247 3.08%
Netherlands 8,771 2.63%
Spain 7,319 2.20%
Source: Digital Planet 2008 - WITSA (2009 Projected)
Total World Software Market = $US 332,933 Million
Significant Spending on ICT
Creating Greater Value in ICT Exports
Ten Keys to Export Success
• Commitment to International Business
• Effectively Manage Channel Partners
• Adapting Product & Market Strategy
COMMITMENT TO INTERNATIONAL
BUSINESS
1 - Make It a Strategic Decision
• What Should Happen
– Strategic Decision
– Markets Researched
& Prioritized
– Export Plan Created
– Investments Made
– Export
• What Happens
– Opportunistic
– Met at Tradeshow
– Sounds Interesting
– Let’s Do Business
– Now Exporting
2 - Make the Commitment
• Overcome the initial difficulties and financial
requirements
• Sufficient funding to develop market before
reaching breakeven
• Time to develop reputation
• Invest in manager for international markets
3 – Achieve Success in Home Market
• Don’t go global prematurely
• Track record/Local credibility
–Market leadership
–State of the art products
–A local multinational client
4 - Structure for International Business
• Experienced manager in international
marketing & sales
• Establishing a strong product management,
marketing & sales discipline
– Discipline & structure to deliver a competitive
product that meets the broader needs in all
markets
– Execute world class marketing & sales
GLOBAL PRODUCT & MARKET
STRATEGY
5 – Beware the Large Market
• Well developed & sizable market
– Saturated with products
– Very competitive
– Require higher marketing investment
• But, if I can only get a small part of a large
market.
– E.g., 0.5% of market share in a $US1 billion market
Strategies - Targeted Markets
• Think niche markets – well targeted
opportunities
– Offers more opportunities for developing
competitive advantages
– E.g., 10% of a $US 50 Million market
6 - Differentiate on More than Price
• Deliver same capability but for less
• What happens when someone can sell for
lower cost?
• Need to compete on total value
7 – Focused Value Proposition
• Clearly defined target markets
• Important problem that people want to solve
• Value clearly understood by target buyers in
target geography
• How can you create a competitive advantage
8 – Invest in Localization/Globalization
• Globalize/localize everything
– Marketing & sales techniques
– Messaging & positioning
– Your support structure
– Packaging
– Local regulations & compliance
• Don’t use the low cost provider
EFFECTIVELY MANAGE CHANNEL
PARTNERS
9 - Select Capable Channel Partner
• Select a partner
– Clear criteria for partners
– Due diligence
– Get to know them
• Selecting and managing channel partners is
crucial to success
10 - Effectively Enable Channel Partner
• Develop structure & tools to teach & aid
partners
–Marketing & Sales
–Implementation
–Support
Summary
• You have to be committed
• Focus first on business/market development
– Not sales or income
• Dedicate someone to this task
– Or it will suffer from attention
• Understand the differences in markets and how to
adapt to be successful
• Learn to select & manage channel partners
GLOBAL MARKET ENTRY @ WCIT 2014
Program Objectives
Prepare Mexico ICT companies for WCIT 2014 to:
• Present globally competitive products and
services;
• Perform world class marketing and business
development;
• Conduct professional business discussions and
negotiations;
• Close business deals with organizations from
around the world
Program Plan
1. Global Market Readiness Assessment
2. Training Workshop (12 hours)
3. Coaching & Mentoring
4. Creating Global Marketing Materials
5. Dress Rehearsal
6. WCIT 2014 – Showtime
7. Post Congress Coaching
Global Market Readiness Assessment
• 45 to 50 minute interview & business
discussion with company (May 5 & 6)
• Report on:
– Strengths & weaknesses of the company &
offering
– Global competitiveness of their offer
(product/service)
– Readiness to conduct international business
– Recommendations to enhance competitiveness
Workshop
• Creating a Compelling and Globally
Competitive Product and Go-to-Market
Strategy
• May 8 & 9: 12 Hours
• How to:
– Complete an in-depth Market Analysis
– Develop competitive Export Strategy
– First steps to presenting at WCIT 2014
– Effectively working with partners
Coaching & Mentoring
• May to Sept 2014
• Guide & coach through the steps (Market
Analysis, Export Strategy, WCIT 2014 Prep)
• Regular group meetings
• 10 Hours of individualized research and
consultation
Global Marketing Materials
• Two hour on line workshop
• Understand what is expected for globally
competitive marketing materials
• Professional review & edit of 2 pages of
materials
Dress Rehearsal
• Practice your WCIT 2014 presentation &
business discussions
• Sept 2014
• Get feedback and final adjustments to ensure
readiness
WCIT 2014 - Showtime
• Onsite support to help you through any
business presentations, discussions or
negotiations
Post Congress Coaching
• Coaching & consulting post congress to
negotiate & close deals
How to Participate
• Assessment & Workshop
– Payment of $US 800 immediately
• Coaching, Mentoring, Marketing Materials, 10
Hours, Dress Rehearsal, WCIT 2014 Support
– Payment of $US 4625
• Post Congress Coaching
– Negotiated on a per company basis
Program Incentives
• Program in review with ProMexico
• Reimbursement of up to 75% of program costs
upon completion of program & deliverables.
Questions
Muchas Gracias!
Tom Evans
The Lûcrum Group
tevans@lucrum-group.com
+1.512.961.5267
Skype: tevanstx

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How to Achieve Business Success at WCIT 2014: Ten Keys to Creating and Marketing Successful Global Products & Services

  • 1. How to Achieve Business Success @ WCIT 2014: Ten Keys to Creating and Marketing Successful Global Products & Services Presented by: Tom Evans The Lûcrum Group May 5, 2014
  • 2. Presentation Agenda • Why Go International • Ten Keys to Export Success • Global Market Entry @ WCIT 2014
  • 3. Why Go International? • Increase revenues and profits! – Large market opportunity • Large country markets • New and fast growing markets – Diversify Market Risk • Help weather local financial downturns & seasonality – Increase Revenue for Fixed R&D Investment – Become more competitive • Increase credibility of company • Help identify new opportunities & strengthen product • Better serve multinational companies
  • 4. Global Software Market $US Million % of World Total United States 133,193 40.01% Germany 23,191 6.97% United Kingdom 22,311 6.70% China 16,445 4.94% France 16,390 4.92% Japan 13,735 4.13% Italy 10,635 3.19% Canada 10,247 3.08% Netherlands 8,771 2.63% Spain 7,319 2.20% Source: Digital Planet 2008 - WITSA (2009 Projected) Total World Software Market = $US 332,933 Million
  • 6. Creating Greater Value in ICT Exports
  • 7. Ten Keys to Export Success • Commitment to International Business • Effectively Manage Channel Partners • Adapting Product & Market Strategy
  • 9. 1 - Make It a Strategic Decision • What Should Happen – Strategic Decision – Markets Researched & Prioritized – Export Plan Created – Investments Made – Export • What Happens – Opportunistic – Met at Tradeshow – Sounds Interesting – Let’s Do Business – Now Exporting
  • 10. 2 - Make the Commitment • Overcome the initial difficulties and financial requirements • Sufficient funding to develop market before reaching breakeven • Time to develop reputation • Invest in manager for international markets
  • 11. 3 – Achieve Success in Home Market • Don’t go global prematurely • Track record/Local credibility –Market leadership –State of the art products –A local multinational client
  • 12. 4 - Structure for International Business • Experienced manager in international marketing & sales • Establishing a strong product management, marketing & sales discipline – Discipline & structure to deliver a competitive product that meets the broader needs in all markets – Execute world class marketing & sales
  • 13. GLOBAL PRODUCT & MARKET STRATEGY
  • 14. 5 – Beware the Large Market • Well developed & sizable market – Saturated with products – Very competitive – Require higher marketing investment • But, if I can only get a small part of a large market. – E.g., 0.5% of market share in a $US1 billion market
  • 15. Strategies - Targeted Markets • Think niche markets – well targeted opportunities – Offers more opportunities for developing competitive advantages – E.g., 10% of a $US 50 Million market
  • 16. 6 - Differentiate on More than Price • Deliver same capability but for less • What happens when someone can sell for lower cost? • Need to compete on total value
  • 17. 7 – Focused Value Proposition • Clearly defined target markets • Important problem that people want to solve • Value clearly understood by target buyers in target geography • How can you create a competitive advantage
  • 18. 8 – Invest in Localization/Globalization • Globalize/localize everything – Marketing & sales techniques – Messaging & positioning – Your support structure – Packaging – Local regulations & compliance • Don’t use the low cost provider
  • 20. 9 - Select Capable Channel Partner • Select a partner – Clear criteria for partners – Due diligence – Get to know them • Selecting and managing channel partners is crucial to success
  • 21. 10 - Effectively Enable Channel Partner • Develop structure & tools to teach & aid partners –Marketing & Sales –Implementation –Support
  • 22. Summary • You have to be committed • Focus first on business/market development – Not sales or income • Dedicate someone to this task – Or it will suffer from attention • Understand the differences in markets and how to adapt to be successful • Learn to select & manage channel partners
  • 23. GLOBAL MARKET ENTRY @ WCIT 2014
  • 24. Program Objectives Prepare Mexico ICT companies for WCIT 2014 to: • Present globally competitive products and services; • Perform world class marketing and business development; • Conduct professional business discussions and negotiations; • Close business deals with organizations from around the world
  • 25. Program Plan 1. Global Market Readiness Assessment 2. Training Workshop (12 hours) 3. Coaching & Mentoring 4. Creating Global Marketing Materials 5. Dress Rehearsal 6. WCIT 2014 – Showtime 7. Post Congress Coaching
  • 26. Global Market Readiness Assessment • 45 to 50 minute interview & business discussion with company (May 5 & 6) • Report on: – Strengths & weaknesses of the company & offering – Global competitiveness of their offer (product/service) – Readiness to conduct international business – Recommendations to enhance competitiveness
  • 27. Workshop • Creating a Compelling and Globally Competitive Product and Go-to-Market Strategy • May 8 & 9: 12 Hours • How to: – Complete an in-depth Market Analysis – Develop competitive Export Strategy – First steps to presenting at WCIT 2014 – Effectively working with partners
  • 28. Coaching & Mentoring • May to Sept 2014 • Guide & coach through the steps (Market Analysis, Export Strategy, WCIT 2014 Prep) • Regular group meetings • 10 Hours of individualized research and consultation
  • 29. Global Marketing Materials • Two hour on line workshop • Understand what is expected for globally competitive marketing materials • Professional review & edit of 2 pages of materials
  • 30. Dress Rehearsal • Practice your WCIT 2014 presentation & business discussions • Sept 2014 • Get feedback and final adjustments to ensure readiness
  • 31. WCIT 2014 - Showtime • Onsite support to help you through any business presentations, discussions or negotiations
  • 32. Post Congress Coaching • Coaching & consulting post congress to negotiate & close deals
  • 33. How to Participate • Assessment & Workshop – Payment of $US 800 immediately • Coaching, Mentoring, Marketing Materials, 10 Hours, Dress Rehearsal, WCIT 2014 Support – Payment of $US 4625 • Post Congress Coaching – Negotiated on a per company basis
  • 34. Program Incentives • Program in review with ProMexico • Reimbursement of up to 75% of program costs upon completion of program & deliverables.
  • 35. Questions Muchas Gracias! Tom Evans The Lûcrum Group tevans@lucrum-group.com +1.512.961.5267 Skype: tevanstx