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Export Potential For Georgia Fruits and Vegetables. Greg E. Fonsah Assistant Professor & Ext. Economist University of Georgia Tifton, GA 31793. BUSINESS/CORPORATE STRATEGY. FORMULATION PHASE (Deciding what to do) IDENTIFY OPPORTUNITIES AND RISKS.
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Export Potential For Georgia Fruits and Vegetables Greg E. Fonsah Assistant Professor & Ext. Economist University of Georgia Tifton, GA 31793
BUSINESS/CORPORATE STRATEGY • FORMULATION PHASE (Deciding what to do) • IDENTIFY OPPORTUNITIES AND RISKS. • DETERMINE COMPANY’S MATERIAL, TECHNICAL, FINANCIAL AND MANAGERIAL RESOURCES. • PERSONAL VALUES AND ASPIRATIONS OF SENIOR MANAGEMENT OR OWNERS. • ACKNOWLEDGEMENT OF NONECONOMIC RESPONSIBILITY TO SOCIETY.
IMPLEMENTATION PHASE(Achieving results) • ORGANIZATION STRUCTURE AND RELATIONSHIPS • ORGANIZATIONAL PROCESS AND BEHAVIOR • TOP LEADERSHIP/OWNER(S)
ADVANTAGES OF EXPORT • BETTER CASH FLOW MANAGEMENT • INCREASE SALES • IMPROVED FIXED COSTS MANAGEMENT • BETTER USE OF EXCESS CAPACITY • BALANCE SEASONAL SALES TRENDS • MAKE UP FOR CYCLICAL DROP IN DOMESTIC SALES • EXPOSURE TO FOREIGN TECHNOLOGIES AND CULTURE • UNDERSTAND FOREIGN MARKE • IMPROVE GROWTH POTENTIAL & PROFITABILITY
WHY JAPAN? • SOCIAL AND POLITICAL STABILITY • JAPAN MARKET IS LARGE AND HIGHLY DIVERSIFIED • FOREIGN PRODUCTS ARE EN VOGUE • THE GOV’T ENCOURAGES IMPORTS AT ALL LEVELS, INCLUDING VEGETABLES • DEREGULATION IS CREATING MARKET ENTRY OPPORTUNITIES
HOW CAN ONE SUCCEED IN EXPORTING TO JAPAN? • PRODUCTS SHOULD BE CUSTOMER ORIENTED • MONITOR MARKET CHANGES • FIND A RELIABLE PARTNER • PLAN TO MEET PARTNER FACE TO FACE • EXERCISE EXTREME PATIENCE • PENETRATE MARKET WITH LONG-TERM PERSPECTIVE IN MIND • COMPLY W/EXPECTATIONS AND OPINIONS OF IMPORT COMPANIES
WHAT REQUIREMENTS MUST BE MET WHEN EXPORTING TO JAPAN? • FOREIGN EXCHANGE AND FOREIGN TRADE LAWS • CUSTOMS AND RELATED LAWS • OTHER LAWS AND REGULATIONS RELATED TO IMPORTS
Value Of Exported Vegetables To Japan (Million Yens) • 1993 = 78.2 MILLION YENS • 1997 = 106.9 MILLION YENS • WHAT A JUMP IN 4 YEARS?
THANK YOU QUESTIONS?