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Thomas A. Cook - The ultimate guide to export management

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As practical as you can get, this guide explains all the ins and outs of managing international trade. Global trading is growing daily and international trade is a complex business. This all-in-one place guide provides everything readers need in key areas: documentation - including all the necessary forms and information, how to prepare high-quality export documentation, acquire insurance and cover political risk and export credit exposures; shipping - how to negotiate competitive shipping rates with freight forwarders, choose between air and ocean carriers, and master the art of export packing; and customer service - how to meet international customer service demands, including three key steps to resolving problems with customers who are far away. The book also provides critical information on Internet technology to gain the competitive advantage.

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Cover

title The Ultimate Guide to Export Management author Cook Thomas - photo 1
title:The Ultimate Guide to Export Management
author:Cook, Thomas A.
publisher:AMACOM Books
isbn10 | asin:0814405819
print isbn13:9780814405819
ebook isbn13:9780814426234
language:English
subjectExport marketing--Management, Export trading companies--Management, Foreign trade promotion--Management.
publication date:2001
lcc:HF1416.C665 2001eb
ddc:658.8/48
subject:Export marketing--Management, Export trading companies--Management, Foreign trade promotion--Management.

Page i

THE ULTIMATE GUIDE TO EXPORT MANAGEMENT

Page ii

Page iii

THE ULTIMATE GUIDE TO EXPORT MANAGEMENT

Thomas A. Cook

AMACOM

American Management Association

New York Atlanta Boston Chicago Kansas City San Francisco Washington, D.C.

Brussels Mexico City Tokyo Toronto

Page iv


Special discounts on bulk quantities of AMACOM books are available to corporations, professional associations, and other organizations. For details, contact Special Sales Department, AMACOM, a division of American Management Association, 1601 Broadway, New York, NY 10019.
Tel.: 212-903-8316. Fax: 212-903-8083.
Web site: www.amacombooks.org

This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought.


Library of Congress Cataloging-in-Publication Data


Cook, Thomas A.

The ultimate guide to export management / Thomas A. Cook.

p. cm.

Includes bibliographical references and index.

ISBN 0-8144-0581-9

1. Export marketingManagement. 2. Export trading
companiesManagement. 3. Foreign trade promotion
Management. I. Title: Export management. II. Title.


HF1416.C665 2001

658.8'48dc21

2001016122


2001 Thomas A. Cook.

All rights reserved.

Printed in the United States of America.


This publication may not be reproduced, stored in a retrieval system, or transmitted in whole or in part, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of AMACOM, a division of American Management Association, 1601 Broadway, New York, NY 10019


Printing number


10 9 8 7 6 5 4 3 2 1

Page v

Dedicated to my motherMuriel Cook, who was always an inspiration to me

Page vi

Page vii

Contents

Foreword

xix

Preface

xxi

Identifying the Risks of Global Trade

International business means opportunity, but with this comes a certain degree of risk. International businesspeople need to be able to know when these risks are present, develop systems for identification, and understand how these exposures affect global business strategy.

Facing the Challenges of World Trade

1

Using Creative Financing as a Marketing Tool

Improving Logistics

Providing Export Cost Savings

Developing Key Resources

Shipping to a New Market-Potential Exposures

3

Establish a Network of Resources

Carefully Manage the Terms of Sales and Payments

Execute Preplanned Logistics

Know the Documentation Requirements

Know the Export Insurance Issues

Staying Competitive while Reducing Exposure

Facing the Risks of Global Trade

7

The Future Holds Perils for Smaller Exporters: Potential Deregulation Issues and Tips on How to Survive

10

Navigating the Obstacles of Global Trade

12

Exposures in Today's Foreign Market

13

International Freight ShipmentsAvoiding the Major Pitfalls: Where Did My Shipment End Up?

15

Start with the Correct Documents

Complete Those Documents

Obtaining Support

Accurate Documents = Prompt Payment

Concluding Remarks

17

Page viii


Gaining Entry into World Markets

This chapter reviews the questions that should be asked to determine if a company should enter the field of export sales and marketing. It also provides the information needed to analyze products and services to determine if they can compete globally and discusses the beginning steps in the export process.

Global Overview

19

Reasons to Become Involved in Global Markets and Export

Effectively Developing a Global Strategy

Should Your Company Enter the Global Arena and Begin to Export?

22

Senior Management Issues

Aligning with Export Professionals

Structuring an Export Program

24

Market Research

Utilizing Third Party Assistance

Export Management and Trading Companies

Foreign Distributors or Sales Agents

Developing Your Costing Structure

Preparing Your Product for Foreign Sale and Distribution

Logistics of Export Distribution

33

Foreign Tax Considerations

34

Foreign Sales Corporations

34

Finding and Managing Export Service Providers

34

Identifying the Costs of an Export Shipment

35

An Export Case Study

37

Concluding Remarks

39

Meeting International Customer Sales and Service Demands

Servicing global customers is an art, as much as it is a science. This chapter presents various options the international businessperson can use to develop a global customer service strategy. Hands-on solutions are included.

Skills Needed to Succeed in International Trade

41

Excellence in Customer Service in Global Trade

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