Internet Governance and Information Technology to overcome RCEPS limiters to InterCountry Expansion for SMEs RCEPS limiters Regulatory Cultural Environmental Political and Social limiters ID: 332184
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Using IG and IT to fuel Inter-Country Expansion
Internet Governance and Information Technology to overcome ‘R-CEPS’ limiters to Inter-Country Expansion for ‘SMEs’
R-CEPS limiters = Regulatory, Cultural, Environmental, Political and Social limitersSlide2
Current Situation
Entrepreneurs Abound (i.e. many new Small/Medium enterprises)Ideas remain un-channeled from “market” perspective (limited regional availability)
Some SMEs end up with large (possibly hollow) enterprises – that launch IPOs – but are unable to sustain
Most such organizations lose out because of limited market reach even though the same product could be hugely successful in another region
VCs/Private Equity – many newcomers in this arena as well, who know how to ‘sustain’ business but not how to ‘get to self-sustainability’ and rapid overseas expansion
R-CEPS limiters = Regulatory, Cultural, Environmental, Political and Social limitersSlide3
Why overseas?
Reaching into the US, UK and EU result in immediate 500 million or more prospective customers(experimental basis this is between India PIC)
Online market has no real limitations, but without a physical presence growth is very limited
Creating one office can immediately clear a $ flow route that would benefit the home country, pull in foreign exchange
Creates further avenues for local on-ground expansion; acquiring local assets/manpower and targeting a larger market.
R-CEPS limiters = Regulatory, Cultural, Environmental, Political and Social limitersSlide4
Status Quo
Technologies like CRM and ERP have penetrated into Medium to Large enterprises but are not very heavily used in Small to Medium Enterprises.Multiple segments of a business can benefit greatly with integrated governance processesHR (leave, attendance)
IT (email, systems)
Travel (company travel)
Financials (accounting, billing & invoicing)
R-CEPS limiters = Regulatory, Cultural, Environmental, Political and Social limitersSlide5
We know this. Where’s the problem?
There are 5 separate mismatch factors that can cause potential problems with inter-country expansion:Cultural
Environmental
Political
SocialRegulatory (the easiest to cover since its written down)Other technological problems:
CRM/ERP is focused only at one region! Currency limitations (INR works but not USD), accounting protocol differences
Cross-country logistics complexity– attendance, holidays, travel need to be dual-calculated – manually (remember Small orgs)
Reliable cross-region infrastructure –in the Pacific emails should not show “India, 5 AM” when in the middle of a 11 AM meeting…
R-CEPS limiters = Regulatory, Cultural, Environmental, Political and Social limitersSlide6
What I wish to do
Identify how Internet Governance / Information Technology has been utilized in the past to simplify expansion of organizations into other countries (ERP/CRM is one of these methods).Identify primary requirements of such organizations and the difficulty they faced in the expansion process.
Identify clearly the key growth limiting factors – primarily focusing on regulatory, political, social, environmental and cultural factors (R-CEPS)
Identify key players (expansion ‘helpers’) currently working on bridging parts of this gap and provide a directory of the same to simplify the process, while ensuring organizations have adequate knowledge on what is to be expected on both sides
Condense a key set of best practices fundamental to each country/region, thus reducing the organization’s expenditure of time, money and goodwill in initial establishment and expansion. Slide7
Questions for you
SME = Small/Medium EnterpriseWhat is the one thing lacking
- in your view - to make this theory viable in your country.
How many SMEs exist
in your country.What benefit do you see for small/medium enterprises in your country if they can expand to (say) the US, EU, UK, India more easily (estimate 30-50% reduction of effort & expense). Assume no cost from facilitators.
How many SMEs want such a solution today
.
Approximate numbers are adequate.
Please mail me on chaitanyabd@gmail.comSlide8
Thank you