Entry plan into international market

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Reference no: EM13794253

1. Choose a country into which the company you selected may expand. Note: Ensure that the country you chose is currently not doing business with the selected company in any capacity (e.g., exporting, FDI, or contract manufacturing).

2. Develop a brief profile of the country that you have chosen. The summary should include:

Geographic and historical data regarding international business

Political and legal environment for conducting international business

Business customs and practices

Economic environment

Socio-economic analysis which should include the factors of concern (e.g., population characteristics,

language, GDP, taxation, personal income, labor, industries, communication networks, imports / exports, and

major trading partners' countries).

3. Ascertain the possibility and feasibility of financial, distribution, and marketing partnerships for the company within the chosen country. Your research should include:

Market structure and analysis (e.g., channels- direct or indirect)

Currency considerations

e-Commerce

Impact of regional and global trade integration

Potential volume of trade

The marketing mix components

Key cultural dimensions affecting marketing operations

4. Analyze the key reasons why the entering the market in the country that you have chosen is justified. Include your research and analysis from Criteria 1 and 2 of this assignment to support the response.

5. Determine at least three (3) potential risks of foreign market expansion into the country that you have chosen (e.g., language barriers, regulatory, taxation, expropriation, etc.). Suggest one (1) strategy to mitigate each risk that you have determined using weighted metrics with a baseline number(s).

6. Determine at least three (3) potential benefits of foreign market expansion into the country that you have chosen. Suggest one (1) strategy to maximize each benefit that you have determined.

7. Suggest at least two (2) ways in which you would adapt the operational strategies of your chosen company both to fit the changing dynamics of foreign markets and to foster a competitive advantage for the company.

8. Use at least six (6) academic resources in this assignment. Note: Wikipedia and other similar Websites do not qualify as academic resource

Reference no: EM13794253

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