What are some strategies to go global with this new venture

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Reference no: EM133677749

Business - SmartLux - home automation industry

Product/Marketing Management

What are the details of the new product/service details, the target market, distribution, and promotion?
What are the changes you would make to the functional areas of the new business?
What changes must be made to imitate the strategy/model in this new venture?
Create a logo for the new business that reflects the market imperatives and the global economy.
Finance Management

Research and summarize the current business environment in which the business would exist. What would make the new venture successful?
What are areas in the business environment that would impact the new business?
How would you get funding?
Human Resources Management

What is the management hierarchy of your new business
What are some of the performance management challenges that must be addressed?
How will you recruit and retain employees?
What will be your model for compensation?
How will you ensure diversity? What is your plan for managing and working with multicultural teams?
Technology & Innovation Management

How would you apply the successful business model in the new business/industry?
What technology is needed to launch, manage, and innovate this new venture?
Global Management

What are some strategies to go global with this new venture?
What are some countries where you would bring the business, and why?
What are the advantages of taking your new venture global?
What challenges do you foresee in going global?

Reference no: EM133677749

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