Not Exporting? That's Risky Business
Safety Management Systems (SMS) — A lot of leaders really do not know what this is even through it can be found in most regulatory compliances. Its description is usually vague and often ends up overlooked. However, some companies are now being fined for not having it due to the need for its oversight organization to generate revenue. But I digress; as I was saying, one of the things we at MAMTC touch upon in SMS is reducing the Risk realized by the Business.
Risk can be found in three primary areas of every business:
- People
- Product
- Process
Most companies only look at one of these at a time, so their system does not become integrated (one of the requirements of an SMS) which leads to Risk to the Business. Because of that, they do not have a system at all. It takes years to implement a functioning SMS, because it is so encompassing.
Exporting is one of the key variables that we look at when it comes to the Risk realized by the Business.
Last week I was talking with a business leader and started asking questions about a simple process, and he just stopped and looked at me. I asked what was troubling him, and he said “I’ve never thought of it from that perspective.” I smiled and explained, that’s the risk of not exporting. I told him that he does not know what he does not know.
That's why I'm here: to help you learn what you don’t know.
Having an executable exporting plan tailored for your business is critical for sustained success. Think about it. From a risk perspective it just makes sense. What would it be worth to you to have as much risk removed from your organization as possible?
MAMTC offers ExporTech, an informational session designed to help businesses take advantage of growth opportunities in global markets. Learn more about upcoming events near you and register for our next ExporTech session.
