Staria Growth Summit 2023 – Are you ready for international growth? Best practices and solutions
During Staria Growth Summit 2023 there was four different breakout sessions organized. Participants got to decide which topic interested them the most and utilize the opportunity to learn and discuss the topic with Staria's experts.
The breakout sessions were:
- How to get most out of your NetSuite investment?
- Choosing the right ERP system to support your growth journey and tips for a successful implementation project
- Are you ready for international growth? Best practices and solutions
- How to enable meaningful business discussions with a modern BI solution?
In this article you can read about the session "Are you ready for international growth? Best practices and solutions" and also watch a recording of it. The session was hosted by Staria's experts Joonas Sipola (COO) and Mikko Ryömä (Development Director, Global Accounting).
International growth comes with highs and lows
Even though international growth offers great possibilities and has great benefits, the not so fun part of it is taking risks. Mikko, who has helped Staria's customers for over 7 years to mitigate the risks of international expansion, tells more about the risks and highlights couple of things what to consider when entering new markets.
Mikko also shares couple of main points that he typically faces during projects or when talking with fast growing customers. He also tells more on what he has seen to happen when things that should be avoided has not been evaded. In a nutshell, here's what to avoid and focus on:
Things to avoid:
- going too fast
- being too local but not ivesting in localization
- having only local management without group level controlling
- lack of monitoring, evaluating and measuring
Things to focus on:
- doing your study and research
- being patient, no quick wins
- being persistent
- not underestimating administrative work
- using a local marketing firm
After listening Joonas and Mikko talk about risks, internationalization might feel overwhelming. But the fact that Mikko and Joonas know the risks so well means that they are extremely qualified to give guidence on how to avoid them. In the next part they go through a general timeline on what to do during the first 6 months of entering a new market, starting from finding a partner for establishing the new entity.
Still, no matter how good the plans are and how well you have done your research, something will go wrong. Mikko shares very concrete examples of typical problems companies face, one of them being underestimating how long setting up a bank account can take and how many things it will affect.
One thing that people usually like to ask is that what is the most difficult country to enter. Joonas and Mikko share their views on countries that are easy and not so easy to expand to. They also share best practices and their opinion on "what good looks like", resulting in expansion readiness.
To utilize the knowledge and experience Joonas and Mikko have, watch the recording of their breakout session below. This summary only scratched the surface!
Want to read more about the whole event and order the event recording? Visit here.
Watch the recording:
Lisätietoja
Tagit
Omat tagit
Staria - Asiantuntijat ja yhteyshenkilöt
Kai Kortteinen
Finland Country Manager
NetSuite-järjestelmäratkaisut. ERP-, BI-, talous- ja palkkapalvelumme tukevat kansainvälistä kasvua. Staria on Pohjoismaiden johtava NetSuite-kumppani.Menestyksemme perustuu .. | |
kai.kortteinen@staria.com +358 44 7609 432 |
|
Staria - Muita referenssejä
Staria - Muita bloggauksia
It- ja ohjelmistoalan työpaikat
- Laura - Cloud Engineer
- Laura - UX/UI Designer
- Laura - Solution Architect
- Laura - Scrum Master
- Laura - Ohjelmistotestaaja
- Nordea - Senior IT Analyst, Cards domain, Nordea Payments
- Laura - Product Owner
Premium-asiakkaiden viimeisimmät referenssit
- Codemate - Digitaalisen murroksen nopeuttaminen Flutterin avulla
- Codemate - Nucu-sovelluksen käyttäjäkokemuksen muotoilu
- TNNet Oy - Aksulit Oy – TNNet osoittautui parhaaksi palvelinkumppaniksi
- SD Worx - Säästöjä, sujuvuutta ja varmuutta pilvipalveluiden avulla
- SD Worx - Stella hankki tarpeitansa vastaavan palkkajärjestelmän – nyt säästyy monta työpäivää kuukaudessa
- Vetonaula Oy - Vetonaula HTJ:n liiketoiminnan kasvun mahdollistajana
- SD Worx - LUMENE ja SD Worx yhteistyössä jo yli 10 vuotta
Tapahtumat & webinaarit
- 19.11.2024 - The Future of Software - Embracing Collaboration in an AI-Powered World
- 19.11.2024 - Tehokkuutta ja säästöjä low-code-ratkaisuilla
- 27.11.2024 - Green ICT -ekosysteemitapaaminen III: Ohjelmistojärjestelmien virrankulutuksen mittaaminen ja kasvihuonepäästöjen arviointi
- 27.11.2024 - Digitaalisen asiakaskokemuksen uusi aikakausi
- 28.11.2024 - Copilot-webinaari – Mielekkäämpää tietotyötä turvallisesti
- 05.12.2024 - Green ICT VICTIS -hankkeen kick off -tilaisuus
- 15.01.2025 - Datavastuullisuuden valmennus: hanki valmiudet vastuulliseen datan ja tekoälyn hyödyntämiseen
Premium-asiakkaiden viimeisimmät bloggaukset
- Innofactor Oyj - 5 huomiota Microsoft Digital Defense Report 2024 -julkaisusta
- TNNet Oy - Ethän lepsuile sähköpostin suojauksessa – Sipulisuojaus kuntoon!
- TNNet Oy - Mitä TNNet tarjoaa pilvipalvelukumppanina?
- TNNet Oy - Tietoturvavalvonta SOC – Kansainvälinen tiimi havainnoi ja reagoi TNNetin kanssa 24/7
- ICT Elmo Oy - Mitä on IT-palvelunhallinta
- ICT Elmo Oy - Mitä on IT-palvelunhallinta
- Hion Digital Oy - Ostajan muistilista: Mitä ottaa huomioon ennen verkkosivuston uudistamista?
Digitalisaatio & innovaatiot blogimediaBlogimediamme käsittelee tulevaisuuden liiketoimintaa, digitaalisia innovaatioita ja internet-ajan ilmiöitä |