OSI Group and its expansion into new markets

The continued ease of doing business internationally by companies has enabled many businesses and multinational corporations to expand and explore new markets that they would have otherwise not ventured. One such company enter into a new market they always begin at the bottom by opening new shops to serve their new clients, or they buy existing businesses in that environment to better their advantage of penetrating such a market. The latter is always an advantage establishing a venture in a foreign market, and it enables the new business to pick up from where the existing business had reached. Doing so would guarantee a ready market regarding the previous customers and smooth operation from experience by the old employees with expertise.

A good example of a company that employs such a strategy when venturing into new markets is OSI Group Industries. The food manufacturing company has become a multinational firm through its good business ventures in new foreign markets for many years now. Its strategy of taking and assimilation other similar companies over the years has propelled its growth making a force to reckon with in the food and manufacturing industry.

Its role as a world leader in food manufacturing gets powered through its provision of high-grade quality food products and services to its customers and retail brands. The company’s growth and success for many years can be attributed to its President David McDonald. It is trough role at the helm of the company that enabled the company to venture and expands to great markets such as Europe and beyond.

The company’s expansion into the European market came with the acquisition of Flagship Europe. This purchase enabled to increase its presence and dominance in the vast European market and efficiently supply its products to its retail brands. The variety of foodstuffs that the company now provides in the new market range from pies, dips, frozen chicken, marinades, sauces and much more. For more info about us: https://www.linkedin.com/company/osi-industries click here.

The OSI Group was first started in the year 1909 in the United States of America and has been in operation for more than a century now as a food manufacturing company. Its growth and success have enabled the company to have its presence in nearly all the continents with a workforce that is over 20,000 strong. Sheldon Lavin is its Chief Executive Officer and Chairperson. The company’s success as a business giant is evident through its annual revenue that is $ 6.1 billion.

Glen Wakeman: The Force

By his own words, ‘curiosity’ is the catalyst that motivates Glen Wakeman most. Having lived in six different countries and worked in 32, he has become a worldwide leader in global affairs.

 

An entrepreneur, mentor, and writer, the CEO of Launchpad Holdings shares his insights with talented people. His company provides the structure needed for creative ideas to get off the ground.

 

He looks forward to new ideas and is excited taking them from fruition to completion and turning the initial thought into a reality. In his quest to help companies with their performance, he developed a widely-used method that measures performance. Steps include leadership development, human capital, execution, risk management and governance.

 

Wakeman’s undergraduate and post-graduate degrees in economics and finance led him to a successful career, making a name for himself at GE Money, Doral Financial Corporation, and Nova Four before co-founding Launchpad Holdings. He’s a champion of small business and dedicated to helping companies improve performance. He is a blogger and frequently shares his insights and strategies with industry leaders, executives.

Launchpad came about to help individuals have an easier time developing their ideas. The software program was created for that reason. He also believes an excellent strategy is to keep the lines of communication open and expand business ties and associations.

 

Glen Wakeman advises that you should never take opportunities for granted (http://theperfectreporter.com/2017/08/internationally-recognized-business-executive-glen-wakeman-helps-entrepreneurs-succeed/). There is a lesson in every experience. He learned well while working his worst job – a summer gig cleaning bathrooms in an auto factory. It was a dirty, filthy job, but he needed the money for college. He learned “there is dignity in all types of labor.”

 

Glen Wakeman recommends that everyone, no matter what their path in life, should read Sun Tzu’s “The Art of War.” In it are lessons and strategies for life and business.

 

Follow Glen Wakeman on these platforms: Facebook | LinkedIn