How Global Companies Can Create a Consistent Customer Experience

  • 📰 HarvardBiz
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Building a global company is easier, but also more nuanced and complex, than ever before. In the past, companies could limit expansion in a more controlled fashion to just one market at a time. In the digital age, global growth is far more continuous and incremental in nature. But with this new approach comes risk: If your customers in one market receive less value than those in another, they perceive your offering differently. This is not only unfair to them, but it can also hurt your business in the long run. To truly create an equitable experience for your customers, you will need to focus as early as possible on driving a GLOBE mindset, one that’s geography-agnostic, linguistically inclusive, operationalized, balanced, and empathetic.

On the surface, international business expansion seems easier than ever. Today, any company can reach multiple markets in a matter of seconds: Publish a blog post, launch a mobile app, buy digital ads, and target customers in as many countries as you wish. The rise of online global marketplaces has made it even easier for companies to launch into multiple countries simultaneously, often from their earliest days.

But building a global company is also more nuanced and complex than ever before. In the past, companies could limit expansion in a more controlled fashion to just one market at a time. In the digital age, global growth is far more continuous and incremental in nature. But with this new approach comes risk: If your customers in one market receive less value than those in another, they perceive your offering differently.

Take Teamwork, a project management software company headquartered in Cork, Ireland. “You can sell software from anywhere in the world from the get-go. There are no boundaries,” explains Peter Coppinger, Teamwork CEO and co-founder. “One of the biggest lessons we learned with Teamwork’s international expansion is that once you reach a certain scale, you need to get more deliberate about targeting the regions with the most potential.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 310. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Factbox-What are global companies saying about China's economy? By ReutersFactbox-What are global companies saying about China's economy?
Source: Investingcom - 🏆 450. / 53 Read more »

Parent, teacher groups urge social media companies to make apps safer for kidsWith kids heading back to school, there are new concerns about how much time they’re spending and what they’re seeing on social media sites.
Source: KIRO7Seattle - 🏆 271. / 63 Read more »

Warren Grills Tax Prep Companies Over Lobby Against Free Tax Filing ServicesThe IRS is preparing a pilot program for a broad free tax filing program, but tax prep firms are lobbying against it.
Source: truthout - 🏆 69. / 68 Read more »

Chamath Palihapitiya’s Social Capital wanted to offload some companies.The VC firm tried to sell stakes in 258 companies in June, The Information reports, citing anonymous sources. Those stakes were worth $312 million in total, and it’s not clear if they sold. Patreon was among the companies whose stakes were up for grabs, but about 40 percent of the firms were biotech or health.
Source: verge - 🏆 94. / 67 Read more »

Google to sell mapping data to renewable energy companies: reportAlphabet Inc.’s Google intends to license mapping data to makers of renewable-energy products, an enterprise that could generate as much as $100 million in...
Source: MarketWatch - 🏆 3. / 97 Read more »

ERCOT pays big companies to conserve power, prompting some consumers to ask: Why not me?To reduce strain on the grid, ERCOT will pay big energy users like manufacturers and bitcoin miners to reduce the power they use. That frees up more electrons for others and keeps supply and demand balanced.
Source: KUT - 🏆 77. / 68 Read more »