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Discussing International Business with Greg Evans
The purpose of this column series has been to provide a platform for individuals that are involved in international trade to share their stories and experiences with those in the community who have products and services that have export potential, but haven’t taken the leap yet. In my latest interview, I chat with Greg Evans, […]
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The purpose of this column series has been to provide a platform for individuals that are involved in international trade to share their stories and experiences with those in the community who have products and services that have export potential, but haven’t taken the leap yet.
In my latest interview, I chat with Greg Evans, president of Indium Corporation, a Clinton–based materials manufacturer and supplier to the global electronics, semiconductor, thermal management, thin-film, and solar markets. The company has about 400 Central New York employees and 700 employees companywide.
LESSELROTH: When and why did Indium look to expand its sales beyond the United States?
EVANS: The Indium Corporation began as an international company, even before we were founded. In the 1920s, William Murray, a Utica–based chemical engineer, became intrigued with reports of a newly discovered element, indium. The only refined indium in the world was in Germany, in the lab of the discoverers. Murray imported a small sample and performed a series of tests and measurements. The results inspired him to start Indium Corp. in 1934.
Initially, our sales base was predominantly in the United States. Over the decades, we increased our international activities, both importing and exporting. By the 1970s, we were doing strong business throughout Europe and Asia. We established sales offices and manufacturing sites in Europe and Asia in the 1990s. Today, we operate 12 facilities, worldwide — in the U.S., the UK, Singapore, Malaysia, South Korea, and China.
Why? As technologists, we’re all about solving challenges. Challenges exist across the globe. We see opportunities to improve customers’ processes and products everywhere. And, customers from around the world approach us for guidance and materials. It’s all about us creating answers to the challenges our customers face today, or will face tomorrow, and then making them aware that we are the best solution. Because technologists and technology companies exist worldwide, we do, too.
LESSELROTH: How did you decide to set up manufacturing plants where you did?
EVANS: This is both a simple and complex topic. The simple part centers around where the opportunities are. Where are the current customers? Where will the next customers appear? Where are the under-serviced areas? The complex aspect involves all the rules and regulations, trying to predict the future, assessing the competition’s strengths, and things like that.
Citing a couple of specific examples, our South Korean facility satisfies a huge demand for recycling indium-tin oxide and resupplying it. Much of the world’s use occurs in South Korea. Easy call. Another case involves our China operations. It supplies materials consumed by electronics assemblers. Much of the world’s electronics are currently produced in China. Again, simple.
LESSELROTH: Why should any company look at the international market as a means of expanding their business?
EVANS: For all the classic reasons used to support international business. These reasons include: increasing your revenue, broadening your customer base, expanding your markets, providing improved service and delivery times to your customers, reducing some costs, enhancing your vision into the marketplace, and putting more stress on your competition.
LESSELROTH: What should a company be prepared to do if it is going to expand internationally?
EVANS: There are many ways to proceed, with a variety of ramifications. Obviously, an organization must be well-versed in laws and regulations, as well as currency management. Businesses also need to carefully manage cross-cultural issues. Above and beyond any language concerns, a company needs to put considerable effort into bridging cultures. The answer is not to homogenize cultures, but to optimize the combinations.
Overall, a lot of education and hustle is required. Some issues are easy to foresee while others pop up and surprise us. Either way, people should be prepared to address problems and obstacles as quickly and thoroughly as possible because another one is sure to be coming down the pike. Don’t be tempted to put band-aids on issues that arise. Applying band-aids doesn’t teach anyone anything, and it doesn’t solve the root problem. Aim to thoroughly understand every situation and to effectively resolve all issues as they arise.
Finally, there is no substitute for travel. We have never regretted sending people abroad to assess or address situations. Progress always proceeds faster when a person is on the scene.
LESSELROTH: How important is it to understand the foreign culture of a country with which you want to do business?
EVANS: This issue is critically important. I recommend that anyone who is serious about international business dedicate themselves to a huge amount of learning.
Ideally, it would be a combination of reading, viewing training videos and documentaries, interviewing experts, and gaining first-hand experience. Additionally, make an effort to teach others about your culture and practices; they are as curious and concerned as you are with theirs. Trust me, it will never end, and should never end.
The first step is to question your question. We don’t use the term, “foreign,” because every behavior or language is native and normal to the people practicing it. And, our way is “foreign” to most of the people on Earth. The term isn’t helpful; it tends to foster an “us versus them” mentality which is rarely productive. And, there is no quicker way to reduce cooperation, partnerships, and friendships than to declare the other party to be “foreign.” I’ve studied examples of great animosity being created when cross-cultural issues are mishandled. I’ve seen cross-cultural misunderstandings, or friction, slow projects by months. These misunderstandings can cause a variety of problems, from simple delays to resentment. This is to be avoided at all costs as it affects virtually all other projects.
That said, there are differences between any two countries or cultures, even within a nation. Just like international business people make efforts to learn about laws and currencies, people would be well-served to put in the effort, to learn, to be curious, to ask questions, to understand, and to experience the ways of others. When a person sees suppliers, customers, and their own employees as all being on the same team, all working for a common outcome, then the notion of being “foreign” disappears. Under those conditions, cooperation, understanding, and teamwork become possible.
Some very good things happen when people show a genuine concern and respect for other cultures. People feel flattered when they see that someone cares and has invested the time and effort to learn about their culture. When one group sees the other group bending and adapting, it encourages that group to do the same.
Mark Lesselroth is founder and principal of Brenner Business Development, an international business-development consultancy focused on helping small- and mid-size businesses in the U.S. explore international opportunities as well as assisting foreign-owned companies gain market entry into the U.S. Contact him at mark@brennerbd.com
Genius NY business competition accepting applications until mid-September
SYRACUSE — Entrepreneurs, startup companies, and early-stage technology businesses have until Sept. 16 to apply to participate in the state-supported Genius NY competition that CenterState CEO is administering. “The Genius NY competition, a signature part of our region’s economic-development strategy, is now open and accepting applications from companies all over the world,” Robert Simpson, president
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SYRACUSE — Entrepreneurs, startup companies, and early-stage technology businesses have until Sept. 16 to apply to participate in the state-supported Genius NY competition that CenterState CEO is administering.
“The Genius NY competition, a signature part of our region’s economic-development strategy, is now open and accepting applications from companies all over the world,” Robert Simpson, president and CEO of CenterState CEO, said in his remarks at the Syracuse Technology Garden on June. 14.
The program will invest more than $4 million in participating companies, including three grand prizes valued at up to $1 million, $600,000 and $400,000, “making it one of the largest business competitions in the world,” the office of Gov. Andrew Cuomo contended in a separate news release.
The competition is similar to 43North in Western New York, which is part of Cuomo’s Buffalo Billion initiative.
Genius NY stands for Growing ENtrepreneurs & Innovators in UpState New York. Howard Zemsky, president and CEO of Empire State Development, first announced the program in the same venue in June 2015.
After a year of program development, Zemsky returned to the Tech Garden on June 14 to speak as the program begins the application period.
Genius NY is the” key business accelerator program” at the Tech Garden.
The business competition targets companies in the “unmanned aerial, ground, and marine systems and cross-connected platforms sectors.”
The competition would also welcome startups that focus on precision and remote sensing, data collection, guidance systems, communication systems, sensors, and data analytics among other technological categories.
“We think we have deep expertise and we want to continue to build on this region’s reputation as a leading place to do business as it relates to sensing technology, wireless communications, cyber security, and more,” Simpson contended.
CenterState intentionally aligned the Genius NY program with CNY Rising, the region’s winning proposal for the Upstate Revitalization Initiative (URI), he added.
Upstate Revitalization Initiative is the official name of Cuomo’s economic-development contest held in 2015 that some media outlets dubbed the “Upstate Hunger Games.”
Simpson noted that the Central New York regional economic-development council (REDC) outlined an “ambitious” goal to create a “global center for unmanned systems in cross-connected platforms right here in Central New York.”
“This is the industry sector where we think we’ve got deep capability,” said Simpson.
About Genius NY
The application period opened June 15 and will continue through Sept. 16, according to Rick Clonan, VP of innovation & entrepreneurship at CenterState CEO.
“That’s a pretty good time frame to get a lot of applicants here to do a lot of outreach and to get a good pool,” said Clonan.
A panel of judges will evaluate the applications and select 12 semifinalists to present live demonstrations and pitches this fall.
Judges will select the first cohort in mid-November. Six companies will then advance to begin the competition on Jan. 2, 2017, which marks the beginning of the year-long accelerator process.
The program is open to startups from around the nation and the globe, according to Clonan.
“We think that when people come here and they are able to leverage the money, they’re able to leverage the resources that we’re going to provide and are able to experience Central New York that they’re actually going to stay here and build a business here,” he said.
Besides funding for the grand prizes, CenterState CEO will use another $1 million of the ESD funding toward resources at the Tech Garden. “We’re really going to put a lot of effort into our workshops, our training, our mentors and advisors, and that’s really going to make a big difference,” Clonan said.
Companies can find out more information on the competition’s website (www.geniusny.com) and apply to participate in the program, which CenterState believes will make a big impact on the area.
“This program is probably going to be the biggest game changer that we’ve had in this area ever for entrepreneurs or for startups,” Clonan contended.
Contact Reinhardt at ereinhardt@cnybj.com
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Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.