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February 15, 2011

Management: The trials and triumphs of operating overseas

Nothing about establishing an overseas presence came easy to Hankscraft Inc. And with labor costs rising meteorically in the last few years in China, where the company employs 300 workers, company president Mark Blume knows he still faces some keen challenges.

But Blume, who spoke on "Strategies for Establishing and Managing Your Overseas Office" on Feb. 8 as part of the monthly Madison International Trade Association (MITA) meeting, says that China has definitely been a land of opportunity for his company, and he has more than a little advice for people looking to mimic his success.

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