Too tight in the Lithuanian market? How to enter foreign markets?
Management Consulting Services Partner at “Noewe”, “Strategy Labs” CEO Vytautas Staugaitis, shares his insights on the development abroad in the Delfi article published today. Vytautas confidently states that although the Lithuanian market is in general too small for any manufacturing company, it is a great place to take the first steps.
However, it is important to be properly prepared before launching your product or service to the market abroad, and it is only worth hoping for success if you have sufficient amount of capital, a detailed analysis of the market needs, a good understanding of the competitive environment and a trusted partners.
Full review in Lithuanian is here.