Thursday, March 19, 2015

Why Export? Six great reasons, the last two are surprising…here is the fifth of the six and the first surprise!


EXPORTING SPURS INNOVATION


Many companies become more competitive after they begin
exporting.  Within two years of 
exporting, companies file seven times the number of patents and deliver four times the number of new products as compared to peers who do not export. As employees travel, they are exposed to more new knowledge, which the employees then turn into new ideas and products


Source: Salomon, R. M. and Shaver, J. M. (2005), Learning by Exporting: New Insights from Examining Firm Innovation. Journal of Economics & Management Strategy, 14: 431–460. 
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