The 360° Club brings together the city’s most innovative and forward thinking leaders from some of the worlds most innovative companies. We meet quarterly in some of the world’s most exclusive venues to discuss timely market challenges faced by business leaders and explore strategy options & best practices.
On 23rd January we are meeting to discuss and debate international expansion and the level of visibility and risk for senior business leaders. If you are a senior executive of an SME we’d be delighted to welcome you.
For Swedish SMEs, global expansion is an alluring prospect. H&M, Spotify, Skype and Ikea are inspirational examples of Swedish brands that have expanded and become global icons. Even for less ambitious businesses, international expansion remains critical in maintaining a competitive edge and the momentum of fast-growth. In a recent survey, 64% of Swedish SMEs have a high or very high ambition to grow (Almi Företagspartner AB 2018).
But despite the ambition, the harsh reality is that SMEs are not maximising their growth opportunities due to the challenging nature of expanding internationally.
Only one in five Swedish SMEs conduct international business (Swedish Agency for Economic and Regional Growth). The pervasive challenges and risks of globalisation, partnered with finite resources, have led to many Swedish SMEs silencing their ambitions and halting their strategies.
Yet with the right knowledge and preparation can you de-risk international expansion and secure global success. In recent years, digitalisation has opened global opportunities to small companies and start-ups. Information, ideas, products, finance, and people all now flow across borders. Digital platforms can manage your international operations in leaner, more efficient ways and keep your teams connected in real time.
Making sure you have the right technology, talent and processes in place before embarking on international expansion is critical, as well as understanding the legal, regulatory and cultural idiosyncrasies.
Today more than ever, SMES can take advantage of their agility and innovation to become industry disruptors and overtake top performers.
So, is your business maximising growth opportunities with your international expansion strategy? And what is the best practice for expanding internationally?
If your organisation is thinking about – or currently implementing – an international expansion strategy, you need to join our next dinner discussion as we ask:
Networking & Drinks
Network with senior level peers over complementary drinks.
Engage in a lively, insight-driven discussion.
Dinner & Insights
3-course dinner with continued networking and discussion