Reference no: EM13728421
Assignment: Entry Plan into International Market
This assignment will provide you with firsthand experience in developing a strategic marketing plan for entering a new international market. Choose a global company that you are familiar with for this paper. Note: Do not use a company from a previous assignments or discussions.
Use the Internet or Strayer Library to research the following components of the global company that you have chosen:
- Company Profile (History & Analysis)
- Product(s)
- Financial Status
- Market Position
- Analysis of current global operating environments
- Integrated marketing communication (IMC) Strategy
- Strengths and Weaknesses Analysis
- Sustainable Competitive Advantage(s) enjoyed by the firm
- Sources of funds for the project
- Pro-Forma Balance Sheet & Income Statement for five (5) years
- Cash-Flow Statement
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 briefprofile of the country that you have chosen. The summary should include:
a. Geographic andhistorical data regarding international business
b. Political andlegal environment for conducting international business
c. Business customs and practices
d. Economic environment
e. 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:
a. Market structure and analysis (e.g., channels- direct or indirect)
b. Currency considerations
c. e-Commerce
d. Impact of regional and global trade integration
e. Potential volume of trade
f. The marketing mix components
g. 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 resources.
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