FITT

PARTNER

 Africa Business Venture  is partnering with The Forum  for  International Trade Training  to help our community better understand how to enter and access resources for entering African markets.

Forum for International Trade Training

FITT (The Forum for International Trade Training) is the global standard for international business training and certification that empowers employees and entrepreneurs to launch or grow a business anywhere in the world.

FITTskills business training program standards were developed by business for business alongside 300+ industry leaders worldwide and apply to 20 different occupational profiles in the field.

As an Africa Business Venture partner, you get a 25% discount on FITTSkills courses and workshops
Learn more about their courses below

FITTskills Online Courses

Feasibility of International Trade

This course examines what individuals in organizations need to know and do to ensure the success of new international ventures. Careful research, analysis and planning are necessary to examine the organization’s current state, to identify promising opportunities and to analyse potential outcomes, both positive and negative.

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International Market Entry Strategies

This course examines what individuals need to know and do to ensure the success of new international ventures. You will learn how to research market entry options, analyze them, and then select the most effective strategy for your needs. With this knowledge in hand, you will also discover how to implement and manage your new market entry strategy and build a successful future in your new market.

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 Global Value Chain

This course examines how you can control and manage logistical systems within the global value chain in order to minimize your costs and risks, and maximize your international business potential. It also examines aspects of distribution, inventory management, document management and procurement, which are integral to international trade logistics.

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Products & Services for a Global Market

Learn how to adapt and conform your products and services to differences in regulatory, legal, cultural and consumer/client requirements in international markets. Analyzing how these differences may impact the cost, product design, packaging, labeling, product testing, and service delivery, and then developing strategies around these custom aspects, is key to your long-term success in any international target market.

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 International Trade Finance

Manage your cash flow and mitigate financial risk by selecting appropriate transaction methods and tools for international trade activities. Keep your business on a strong financial foundation by selecting the best options for negotiation terms and non-payment dispute resolution.

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International Sales & Marketing

Build your company’s strong international brand, develop effective sales and marketing strategies, build a high demand for your product and create strong relationships with your customers. You’ll be able to do all of the above by recognizing and applying the considerations an organization must make when promoting and selling products or services beyond domestic borders.

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FITTSKILLS WORKSHOPS

Situational Analysis

Learn how to accurately assess your company’s current ability to grow internationally and conduct the right research, efficiently and cost effectively. This workshop will help you determine whether you’re ready to expand, and which markets will work best for you.

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Cost and Pricing Analysis

To ensure your business deals make money, you need to manage your risks properly, and clearly identify your import and/or export costs, foreign exchange risks, or the price that should be negotiated for your goods or services. Rather than underestimating costs or incurring unnecessary costs, you’ll devise an effective action plan for your imported or exported products or services that will keep your business in the black.

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Risk Analysis and Management

What tolerance does your business have for risks, and are you prepared for them? By using standard tools and strategies, you can estimate the likelihood of different types of risk and prepare contingency plans for dealing with them. With these in hand, even if risk becomes reality, you’ll be able to reduce its impact on your business and maintain a trajectory towards long-term stability and success.

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Planning for International Market Entry

The businesses that succeed in new international trade ventures are usually those that carefully plan their market entry strategies. By choosing the right market entry strategy for your industry and needs, analysing market entry opportunities, and creating a new international business plan, you will be able to play to your strengths better than ever and establish the best possible strategy for your short-term and long-term future.

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Implementation of Market Entry Strategies

Once you decide which market entry strategies to use for a particular venture, you must implement them efficiently and effectively. Whether you use direct or indirect exporting methods, ensure your relationships with other partners are prosperous, your contracts are fulfilled, and any operations on the ground are meeting designated goals and targets in order to see your plan become a successful reality for your business.

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Law and Ethics

Get all of the practical and relevant information you need to build and operate international trade business in an ethical and socially responsible manner. With this knowledge in hand, you’ll be able to develop corporate policy that will keep you out of trouble, identify any potential legal hurdles and take immediate action before it’s too late, including recognizing when qualified legal counsel is required.

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Intercultural Competence

Are you prepared to work with other cultures and adapt to their practices when needed? In order to build and maintain strong relationships with any international partners, suppliers, clients and associates, you first need to determine your existing cultural knowledge, what areas you may need to improve on within your own organization.

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Document Management

In international trade, documents are critically important as proof of compliance and due diligence in order to reduce your exposure to risk in global markets. Understand who needs to be involved in your trade documentation, and what kind of documents you need to have and why. You’ll also gain the practical information you need to complete any required forms, and know where you should access and file them.

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International Procurement

As you consider your global sourcing and outsourcing needs, you need to balance trying to find low-cost sourcing with quality products or services, as well as the desire to minimize risks. Build profitable, high-quality and low-risk sourcing or outsourcing relationships through developing the right procurement strategy and understanding the motivations, considerations and risks of procurement.

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Inventory Management

With proper inventory tracking and analysis, you’ll be able to find ways to reduce inefficiency in your supply chain and meet the demands of your customer more easily, cheaply and effectively. Reduce waste, improve environmental standards and get your inventory from its source to where it needs to be faster than ever before, improving your bottom line and making your customers happy.

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International Distribution

Understand the logistical tasks, risks and considerations you need to get your goods and services to the right place at the right time, consistently and efficiently. No matter what you’re transporting, what mode of transportation you use or what borders you have to cross, you can build a competitive advantage and maintain your profit margins as long as you plan properly.

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Service Development

Increase the perceived value of your service and your levels of customer satisfaction by adapting your services to meet customer needs. With the right service design processes and tools, you can create new services or customize existing ones, and develop effective sales and marketing tools that will draw new customers while continuing to satisfy your current ones.

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International Trade Finance

Manage your cash flow and mitigate financial risk by selecting appropriate transaction methods and tools for international trade activities. Keep your business on a strong financial foundation by selecting the best options for negotiation terms and non-payment dispute resolution.

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Product Development

Whether you’re still in the brainstorming phase of a new product or need to adapt a current one for a new market, there’s a lot of questions to answer. How will it be manufactured? Is it safe? Does it meet all quality and compliance standards? How will it get to the customer? Is your IP protected, and your liability covered? Discover how to answer each of these questions for your product, and take it from the drawing board to the top of your sales list.

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Marketing Products and Services

Discover how to create the sales and marketing plan you’ve always dreamed of, along with a new competitive strategy, and strategies for pricing, branding and promotions. By communicating clearly to customers and explaining how your products or services will satisfy their needs and desires, you’ll build your market share in existing markets and new target markets.

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Selling to International Markets

When you communicate clearly with your customers, negotiate or conduct your transactions clearly and provide the service they want, they’ll keep coming back again and again. Set up the right sales channels to give your customers access to your products or services, discover whether using agents, wholesalers or retailers should be part of your strategy, and find how acting upon customer information you’ve gathered can lead to increases in satisfaction rates.

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E-Commerce

Whether you’re new to e-commerce or use it as your sole sales channel, it’s never too late to use it to win over new customers. Set up or optimize each step of your e-commerce process to meet the ever-changing demands of customers, and use your data to make adjustments and build your competitive advantage in the e-commerce marketplace.

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25%off
Get -25% Off For Any
Fittskills courses and workshops!