A CHAIRMAN WITH INTERNATIONAL EXPERIENCE IS AN ASSET
Michael Tait highlights the advantages of an international chairman:
A chairman with international experience is an asset for any UK company looking to expand internationally or increase its competitiveness in the global market. In today’s interconnected world, businesses need to be able to adapt to changing market conditions and be ready to face new challenges such as going international. The value that a chairman with international experience can bring to a UK company is significant, and can be summarised as follows:
1. Cultural Awareness:
A chairman with international experience has a deep understanding of different cultures, business practices and customs. This can help bridge the gap between the UK and other countries, and can also help to foster relationships with key stakeholders in different regions.
A chairman with international experience is likely to have a strong network of contacts in different parts of the world. This can help the UK company access new markets and tap into the latest trends and best practices in the global market.
3. Risk Management:
Operating in an international context requires an understanding of the risks involved, and how to mitigate them. A chairman with international experience has the knowledge and expertise to help the UK company identify and manage risks effectively.
4. Understanding of Local Regulations:
Different countries have different regulations, and a chairman with international experience can help navigate these complex requirements, ensuring that the UK company operates within the laws and regulations of the countries in which it operates.
5. Strategic Insight:
A chairman with international experience can bring a wealth of knowledge and insights to the UK company, including an understanding of global market trends, competitor activity and potential opportunities for growth. This can help the company make informed decisions and respond quickly to changing market conditions.
6. Increased Credibility:
Having a chairman with international experience can increase the credibility of the UK company in the global market. This can help the company build trust with stakeholders and enhance its reputation, making it easier to access new markets and opportunities.
In conclusion, a chairman with international experience can bring a wide range of benefits to a UK company, including cultural awareness, networking, risk management, understanding of local regulations, strategic insight and increased credibility. These skills can help the company stay ahead of the competition, increase its competitiveness and achieve success in the global market.
Michael Tait has many years international experience. Michael has run large subsidiary operations in all the major 14 Western European countries. He has run subsidiary operations in Poland, India, Malaysia, Dubai, United States of America, Australia and South Africa. Mike has traded with distributors, dealers and customers right across the world.