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Global Business Club of Mid-Michigan. Creating Brand Recognition in a Global Market March 24, 2009 Patricia Anderson, CEO Cooperative Elevator Co. ESTABLISHED NOVEMBER 15, 1915. Vision and mission today are similar… Vision
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Global Business Club of Mid-Michigan Creating Brand Recognition in a Global Market March 24, 2009 Patricia Anderson, CEO Cooperative Elevator Co.
ESTABLISHED NOVEMBER 15, 1915 Vision and mission today are similar… Vision We develop long-term relationships with customers and the community that exceed their business expectations
MISSION We provide quality service, products, and markets to enhance the value of the Cooperative
Motto In Unity There Is Strength!
Quick Facts • Owned by 940 producer members • Employ 140 full-time and 30-50 seasonal employees • During 2008 over $92,000,000 was paid out to members for commodities grown • $65,000,000 investment in facilities and equipment • Over $176,000,000 in annual sales
Quick Facts • Export Beans and Grain • Export Markets Include Australia, Canada, Guatemala, Haiti, Jamaica, Mexico, South Korea, Sedan, South Africa, Spain, United Kingdom
Key Elements • Members • Board of Directors • Management and Employee Team • Equipment • Facilities – 16,500,000 bu. storage • Markets – Global and Domestic • Relationships
Facilities Throughout the Thumb Akron Bad Axe Elkton Fairgrove Gagetown North Branch Pigeon Ruth Sebewaing
Relationships • Michigan Department of Agriculture • Legislature • Michigan State University • Michigan Crop Improvement Association • Michigan Bean Shippers Association • Michigan Agri Business Association • Food Export Association
Demand from ethnic cultures for our quality products Freight advantage Offer enhanced markets to our patrons Diversify our business To develop global brand recognition We like challenges Why Do We Export?
Tariffs Letters of credit Credit worthiness Different accounting standards Currency risks Cultural differences Different business practices Language barriers Freight Export Challenges
Markets where you can achieve base hit results quickly Population Niche markets Balance profitability with risks, cost and time Win-win attitude Export Opportunities
Value added grants Brokers Knowledge of the culture Knowledge of the customer Representation in the marketplace Export hotline Branded program Access to trade shows and people Marketing cost sharing International attorneys-trademarks Credentialing offices - labeling Export Help
2006 named Michigan Ag Exporter of the Year Increased inquiries from additional countries for all commodities Export Rewards
Collect information about potential export markets Gather information on a broad range of markets Research a selection of markets in depth Make comparisons Use a formal matrix to weight questions according to importance Make decisions Export Checklist
In Unity There Is Strength! Thank You!