At last week’s Reflections from the Family Business Forum – organised by Ganado Advocates and Zampa Debattista – Abigail Agius Mamo offered practical strategies for businesses seeking to internationalise with focus and clarity.
In a post following her participation, she highlighted five key pillars for successful international expansion:
A solid business structure is vital to support both local and international operations. However, perfection shouldn’t delay progress.
Ms Agius Mamo encouraged businesses to embrace the challenge and take the first steps, even if the structure is not yet flawless. “Your current structure needs to support both local and new international operations until everything is fully set up,” she advised.
The right team can make or break an international expansion. Assigning this task to an overstretched team “won’t cut it.”
Ms Agius Mamo stressed the importance of having dedicated and competent talent in place from day one – “people who are equipped and committed to driving your international growth from day one.”
Expansion should not be a knee-jerk reaction to market trends or saturation in local markets. Instead, it should align with the business’s purpose, values, and long-term strategy, she said.
“Internationalisation should be a deliberate part of your growth strategy,” she added, cautioning against simply following what others are doing.
Ms Agius Mamo underscored the importance of respecting the cultural nuances and market preferences of different countries.
A one-size-fits-all approach often backfires, and businesses must strike a balance between adaptation and authenticity. “Avoid a copy-paste approach,” she said. “Respect local nuances, adapt where needed, but stay true to your core values. Authenticity wins over rigidity.”
Building relationships through trusted networks can significantly smooth the path to internationalisation.
Ms Agius Mamo recommended engaging with business representative associations, chambers of commerce, and embassies. These independent entities offer valuable connections, resources, and advice to help businesses overcome challenges and accelerate their growth, she added.
International expansion is a journey that requires thoughtful planning, dedicated leadership, and a willingness to adapt. By prioritising structure, talent, and strategy, and leveraging trusted networks, businesses can navigate the complexities of internationalisation with confidence and resilience.
Featured Image:
Abigail Agius Mamo / Photo by Alan Carville
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