A tool for organizations to quickly assess growth potential in foreign markets : Internationalization and the HS code
Aho, Matthew (2015)
Tampereen ammattikorkeakoulu
2015
All rights reserved
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2015060111553
https://urn.fi/URN:NBN:fi:amk-2015060111553
Tiivistelmä
Many SMEs fail to go international because they often lack the knowledge of potential markets and more often than not are limited by their lack of available resources such as time and money to accumulate such knowledge. Considering that international processes can often become very complex may cause many innovative organizations to decide early on that they do not want to engage in them. Globalization is changing the way business is conducted and organizations must begin thinking of new ways they can change in order to remain competitive well into the future. What can we do to embolden them to have sufficient confidence to make better and more decisive decisions when faced with these new challenges?
If organizations were introduced to Harmonized Synchronization code (HS-code) and understood why it is so significant, may actually be one of the keys to getting them en-gaged. Utilizing the HS system in ways other than for what it is intended, can provide organizations with countless benefits regardless of whether or not they have had prior experiences or knowledge about internationalization. Not only does this study explain briefly HS but it also explains how organizations can use it unconventionally to quickly determine whether or not their products and/or services have any potential in one or more foreign markets.
It is possible that HS could be used as a preventative tool before actually going international. Using the HS system in the manner described in this study could help organizations to quickly learn about certain restrictions and various other trade barriers before they begin actual internationalization in any particular foreign market. Understanding and implementing the proposed HS-Analyses method can give organizations the ad-vantage of learning early on, what changes or modifications their products or services may have to undertake in foreign markets in order to meet particular regulations and standards that may be in place in those markets. It is believed that organizations that begin implementing the HS-Analyses may have a leading edge on competitors because they would essentially be able to then make better and more decisive decisions with more relevant knowledge and facts
To better validate the results of this work, it is imperative that the HS-Analyses method should be empirically studied to better determine its effects not only on the way organizations react but to see if it affects their perspective on internationalization as well.
If organizations were introduced to Harmonized Synchronization code (HS-code) and understood why it is so significant, may actually be one of the keys to getting them en-gaged. Utilizing the HS system in ways other than for what it is intended, can provide organizations with countless benefits regardless of whether or not they have had prior experiences or knowledge about internationalization. Not only does this study explain briefly HS but it also explains how organizations can use it unconventionally to quickly determine whether or not their products and/or services have any potential in one or more foreign markets.
It is possible that HS could be used as a preventative tool before actually going international. Using the HS system in the manner described in this study could help organizations to quickly learn about certain restrictions and various other trade barriers before they begin actual internationalization in any particular foreign market. Understanding and implementing the proposed HS-Analyses method can give organizations the ad-vantage of learning early on, what changes or modifications their products or services may have to undertake in foreign markets in order to meet particular regulations and standards that may be in place in those markets. It is believed that organizations that begin implementing the HS-Analyses may have a leading edge on competitors because they would essentially be able to then make better and more decisive decisions with more relevant knowledge and facts
To better validate the results of this work, it is imperative that the HS-Analyses method should be empirically studied to better determine its effects not only on the way organizations react but to see if it affects their perspective on internationalization as well.