EXPANDING into global markets requires a nuanced understanding of diverse business landscapes. Local success doesn’t guarantee international triumph, especially when cultural and business practices differ significantly. The misconception that a successful local model seamlessly translates globally often leads to failure.

In the context of Trinidad and Tobago’s banks, having a board composed solely of local members may limit their global business acumen. To bridge this gap, some entities may opt to acquire successful overseas companies, leveraging their expertise and learning international business strategies.

This approach mirrors the experience of insurance agents from Trinidad and Tobago struggling abroad despite success at home.

Drawing parallels, the conflict between Israel and Hamas, as well as Russia’s actions in Ukraine, exhibits a tendency for overkill operations. The excessive use of force can escalate tensions and hamper diplomatic resolutions.

Like business strategies, international relations require a nuanced understanding of diverse perspectives to achieve sustainable success and peaceful resolutions.

Gordon Laughlin
Westmoorings