Basics
Name one of the teammates
Tammi, Mason, Taha, Johan
Government system?
Constitutional Monarchy
Business climate?
Progressive
Who sets the national standards for trade?
Royal Netherlands Standarized Institute (NEN)
Key to successfully entering the Dutch Market?
Working in close collaboration with a local partner
What sea does the Netherlands border?
The North Sea
Regulatory Framework?
Dutch Civil Code
What is highly valued in Dutch workplace?
Reliability and Honestly
Energy resources, machinery and equipment, chemicals, consumer goods, and raw materials
What should you do as an American exporter?
Stay in close contact with your Dutch distributors and customers to exchange information
What is the population?
17.5 Million people
Name at least one major business law and regulation in the Netherlands
Labor, Contract, Intellectual Property Protection, Compliance Requirements
Challanges about Dutch lunch breaks?
short and frequently unpaid
Who is Netherlands largest trading partner?
Germany
What does Netherlands boast about? (Risk Management)
Low country risk rating and a low business climate
What was the 17th Century Known as?
The Dutch Golden Age
What is a legal opportunity you can find in the Netherlands?
Flexible and liberal legal framework allows for various business structures and encourages foreign investment
Managerial Styles?
Democratic, participative, transformative leadership, pragmatic and results-oriented approach
Trade challenges?
Brexit and its changing relationship with the UK
What are things to prioritize when marketing to the Dutch? (At least list one answer)
- Straightforward, authentic messaging
- Focusing on honestly and modestly over luxury
- Targeting your messaging (deciding whether to use a more formal or informal Dutch language register)
- Emphasizing sustainability
What kind of market is the Netherlands classified as?
A Developed market
Why are labor laws enforced/important in the Netherlands? (name at least one reason)
These laws regulate employment contracts, working conditions, wages, and dismissal procedures
Managerial Challanges?
Consensus decision making slows down the overall decision-making process
What is Netherland's strongest competitive advantage?
Logistics and distribution hub
Name one business partner in the Netherlands you can do business with
- The Enterprise Europe Network (EEN)
- The Association of Dutch Commercial Agents and Importers (VNHI)
- The Netherlands Chamber of Commerce
- Connects World
- Kompass
- The Investor Relations Program
- The Netherlands Enterprise Agency