Interview with Ignacio Mazo, managing director of Bearing Point: "For entrepreneurs, it is essential to know how to choose the most appropriate integration model."

-How can you tell if your company has reached a sufficient size to begin an integration process?

I would like to distinguish between national, international, multinational, and global companies. It's easy to deduce that the larger the company, the greater the degree of integration. However, it's also important to distinguish between different sectors. The integration of a food company is not the same as that of a telephone company. Each will have to determine which model best suits its needs.

– In what types of business activities is there a higher level of integration?

In general, all activities related to marketing, product, and human resources are becoming highly integrated, not only in Spain but also internationally. For example, differences between the various cultures of the company's staff are respected. Alongside these activities, significant progress is also being made in the financial areas of cost analysis and internal reporting. Furthermore, integration is also well advanced in aspects of corporate culture.

– How is globalization affecting international knowledge management?

Sometimes, the mistake is made of thinking that everything global is good for the company. At the same time, it's not true that a company's total "localization" is always the best option.

– How are tax differences between countries resolved? And what about accounting?

Tax differences are typically maintained at the local level. Furthermore, current trends are moving towards harmonizing tax and accounting systems, not only within the EU but also beyond its borders.

Regarding cost analysis, what is usually found are internal reporting models, in which subsidiaries report their sales in a model that allows for the overall consolidation of operations.

Coexia®

AI in the foreign trade

Hi! I'm Coexia. How can I help you today with your internationalization strategy?
Coexia IA