Dr Judith M S Mark
Over the last two decades, T&T companies from sectors including manufacturing, energy services, the creative sector, technology, and finance have solidified their positions as local and regional players. This success often defined by revenues, also include increased customers, new markets or new and enhanced products or services.
Despite these laudable gains, far fewer companies have transitioned from local or at best, regional players, to become internationalised. While access to capital has been cited as a major constraint, the truth is internationalisation is driven by visionary leadership.
The case for internationalisation
At a time when the forecast for the T&T economy is gloomy (negative S&P Global rating and growth rate of 1.2 per cent projected by the IMF), internationalisation provides the opportunity for diversification of the economy and economic resilience. Having a pool of internationally competitive firms reduces vulnerability for companies and the country in an increasingly uncertain environment.
Overcoming market size limits
Given the size of the local market, internationalisation provides companies with the opportunity to scale, innovate and obtain cost efficiencies through economies of scale;
Diversification beyond energy
The urgent need to increase the contribution of the non-energy sector can be addressed by the internationalisation of firms in the manufacturing, services, and creative sectors as well as an increase in the number of born-global technology companies;
Earning foreign exchange
Internationalisation presents the opportunity to generate foreign exchange at a time where firms risk scaling down or closures due to limited foreign exchange. Internationalisation can aid with foreign earnings needed to safeguard the economy and enhance the country’s balance-of-payment;
Improving competitiveness
Competing in international markets pushes firms to meet global and often higher standards in quality, compliance, branding, and operational efficiency, raising overall business capability;
Retaining and attracting talent
Internationally active firms create higher-value jobs and global exposure for qualified citizens, reducing talent flight. It also provides the opportunity to partner with diaspora networks to attract talent; and
Fostering continuous learning and innovation
Exposure to international customers, competitors, and partners accelerates learning, innovation, and managerial development.
Thinking beyond borders
The transition from local leader to regional dominance to global contender begins with leadership mindset. Internationalisation is successful when visionary leadership, long-term global thinking, robust governance, and organisation-wide discipline exist. It requires the ability to think beyond domestic and regional success. It also requires the engagement of a leadership team with the right skills and attitude.
Strategic discipline is especially important for firms from small economies. A number of Trinidad and Tobago manufacturers have taken measures to be internationally compliant in order to access global markets by prioritising certifications, supply-chain reliability, and compliance with international standards. These are leadership decisions which to international partner signal seriousness and at the same time strengthen the ability to negotiate.
Building leadership depth beyond the founder
Companies pursuing growth through internationalisation cannot depend on a single charismatic leader. Strategic leadership for growth requires engagement beyond the leader or founder.
In the context of T&T, authoritarian-style leadership can stymie the creation of a meaningful internationalisation strategy. This challenge is particularly visible among family-owned or controlled SMEs where growth is constrained due to authority being overly concentrated with the leader and where leadership development is neglected. Scaling internationally requires leaders who invest in creating a qualified leadership team, willingly engage others, delegate, and trust others to participate in the process of growth, a shared vision, and the rewards of value creation. .
Internationalisation can also occur in the creative sector however this too requires a shift in mindset. Internationalisation in this sector requires a transition from a focus on individual talent to building an international brand that includes international partners. This requires emphasis on adherence to professional management standards, intellectual property protection, key partnerships, and product or service consistency.
Creative success becomes scalable only when creativity is treated as a business system, not just a personal craft. It is safe to surmise that the success of Keznamdi McDonald Jamaican reggae artist and songwriter and winner of the Best Reggae Album at the Grammy Awards (2026) is also due to effective leadership and management beyond his individual talent.
The T&T reality – a look at a major player
ANSA McAL provides a good example of the role of leadership in driving global growth through internationalisation. To date the conglomerate’s growth beyond T&T and the Caribbean region into international boundaries is being driven by long-term strategic and futuristic thought.
While the conglomerate is still majority family-owned, the leadership choices are aimed at creating the required institutional capacity and capability, using a talented and diverse leadership team. Visionary leadership has enabled the group to scale globally.
To date the company has used a mix of strategic acquisitions, international branding, supply chain logistics and global strategic partnerships to scale, innovate, mitigate risks, access new markets and build group resilience.
By developing partnerships with companies in the USA, the UK and India, the conglomerate has addressed the issue of limited ability to scale, given the small market size, limited access to financial resources and to global talent; all areas that often plague companies in small states.
It should be mentioned that there are companies and conglomerates like the Bermudez Group and others that are successfully pursuing international growth strategies driven by leadership. Time and space however only allow for the spotlight on one company at this time.
Conclusion: Internationalisation is a leadership choice
While the entrepreneurial spirit is alive in Trinidad and Tobago, the desire to pursue growth beyond the Caribbean has not been aggressively pursued. This is likely due to limited understanding that growth through internationalization is a process that requires the implementation of well-crafted strategies to capitalise on market opportunities at the right time and place and consistent with a company’s long-term positioning.
What ultimately determines success is leadership courage; the willingness to think long-term, invest in capability and to create a culture of continuously learning. Companies that invest in leadership maturity - vision, governance, culture, technology, and people, stand the best chance of moving from local champions to global contenders.
For companies from small states, success is a function of leadership readiness and strategic discipline. The ANSA McAL story demonstrates this extremely well.
Dr Judith M S Mark, business strategy consultant, educator, academic coach and advocate for innovation-driven leadership
