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| PRESS RELEASE MAY 10, 2004 |
at BritishAmerican Business Inc Event LONDON—Stephen Esbin, founding Partner of MGSE, was a featured speaker at the BritishAmerican Business Inc's (BABi) Growing Business Forum on April 29. The topic for the presentation was "New Markets - The Transatlantic Breakthrough". BABi of New York and London is the leading transatlantic business organization, dedicated to helping its 800-plus members build and expand their international business. Mr. Esbin addressed the key business issues of US market entry for small and medium size enterprises (SMEs) based in the UK. In his opening remarks, Esbin noted that marketing is about providing good advice and counsel so client organizations can make an informed decision about entering the US market. While he encouraged organizations to conduct their own due diligence, he emphasized, "that good advice can be one inch away from bad advice." Using several case studies as examples of how to evaluate the market and to then develop marketing strategies, Esbin pointed out that, "the barriers to market entry that clients often see can be advantages in disguise." He suggested that marketers define the US market in terms of the perceptions that outsiders have and identified the five barriers that clients mention most about the US - market dynamics, size, demographics, distribution and marketing costs. After providing a brief description of each area, Esbin concluded, "It's not what you know about the US market - it's what you can do with what you know when deciding about US market entry." Richard Stevens, Chairman of the BABi Growing Business Forum, noted that many of the forum's speakers tended to be representatives from UK companies. Mr. Stevens observed that, "It was refreshing for forum attendees to get an American's perspective about how UK organizations can approach the complexities of entering the US market."
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