US Navy 050129-N-8629M-116 U.S. Ambassador to the Republic of Singapore, the Honorable Frank Lavin, (center), receives a tour of the Military Sealift Command hospital ship USNS Mercy (T-AH 19) (Photo credit: Wikipedia) |
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Now: Five
Keys to Entering New Markets, by Frank Lavin and Peter
Cohan, Wiley (Asia), Singapore. 2011.
ISBN: 978-0-470-82816-8
Like it or not, we live in a globalized world where
borders have little meaning anymore in an economic sense. It doesn’t matter whether you’re a
manufacturer of widgets in Waukegan or a writer of fiction in a basement office
in Washington, DC, you have to be able to pitch your product to a global world,
or risk being sidelined and forgotten.
Frank Lavin, who served as U.S. Ambassador to
Singapore and undersecretary for trade at the U.S. Department of Commerce, and Peter
Cohan, president of a management consulting and venture capital firm, have
written an excellent book on not just surviving, but thriving, in that
world. As practitioners of international
trade, they know what they’re talking about.
Moreover, unlike a lot of books of globalization and international
trade, they’re able to explain it in terms that don’t require an advanced
degree in economics and finance to understand.
While this book is written for companies looking to
invest in foreign markets, its common sense approach to international trade and
cooperation apply to anyone who has a product to market, even writers. The whole book is useful, but parts one and
two, which address market analysis, self-awareness, and developing marketing
strategies are the most valuable. The
case studies that the authors use to illustrate their points are interesting,
but as a writer, I only find them mildly useful. The background and the final part, on taking
action, though, were valuable in and of themselves. If you’re pressed for time and can’t read
this book from start to finish, just go to pages 213 and 214 and read the first
two pages of Chapter 10, “Take Action.”
These few brief words should be engraved on parchment, framed, and hung
in the office of every one of us.
You don’t
have to be a businessman to appreciate this book.
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