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 Global Business in EDA

Posts Tagged ‘global business’

Globalizing Sales in a COVID-19 Environment

Wednesday, October 14th, 2020

Fifty percent of EDA business is typically done outside of the United States. Since COVID, driving global revenue is just as important, but more difficult than ever. I have been helping small and mid-sized EDA companies to accelerate global revenue for two decades. I hope that my experience can help you in these challenging times.

In the technology sector, and EDA in specific, almost all strategic customers have global operations. An evaluation in India, for a customer who will place an order in the United States is not uncommon. A global approach is necessary to serve these strategic customers.

In the COVID-19 market environment, it is more difficult to travel to meet and support new and existing customers. The common “visit from headquarters” is nearly impossible. Suppliers need a local team to reach and support customers locally.

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The Contingent Purchase Order Reassures Buyer and Seller

Tuesday, July 7th, 2020

Who has time to evaluate?

After a nominal evaluation, an EDA tool buyer may find that a product can help improve their design flow, but it is missing a critical feature. It is risky for the buyer to purchase “as is”.

The seller may want to develop the feature. It will take time, money, and resources. It is risky for the seller to invest in developing the feature without a buyer’s commitment.

One way to accelerate this sales cycle is to offer a Contingent Purchase Order.

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Are you missing the opportunity to go global? These tips will signal if you are ready

Sunday, March 6th, 2011

Expanding business overseas is important. If you are a small EDA vendor, going global before you are ready can be suicidal. Here are some signals that can help you decide you if you are ready to go global.

Have you been successful at home?

Local success is a prerequisite to going global. Foreign buyers may not know your company and will look at your previous success and local references. It is difficult enough to adapt success to new geographies, languages and cultures.

Knowing what works at home and adapting it to new markets is the best approach. Going to a new market without strong success in your own backyard is usually a bad idea.

Are you being approached by local representatives who want to sell your product in their markets?

This could be a sign that there is demand for your product in new foreign markets. You will notice local firms asking questions about your product, visiting your website or requesting information. The local experts may have uncovered trends or market changes that will open up new opportunities for you.

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