What strategies can an export-trading company implement to effectively penetrate new international markets and overcome potential challenges?
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What strategies can an export-trading company implement to effectively penetrate new international markets and overcome potential challenges?
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- What are the key strategies and considerations that organizations should take into account when implementing export-trading activities to expand their market presence internationally?How and why differing market conditions across countries influence a company’s strategic choices in international markets?Organizations choosing to enter global markets have several strategies available, including exporting, licensing, joint ventures, direct investment, and importing. What are the advantages and disadvantages of each strategy?
- International market entry and development involves the key decisions of identifying a market, the key decisions of entering the market, how to enter the market and building a permanent position in the chosen market. Consider the market entry process and evaluate the various options available to organisations who wish to establish their international operations.How should the organisational framework for international transactions be designed and how these variables interact? How do you coordinate a global strategy?There are multiple ways a company can enter a foreign market. Explore two possibilities such as exporting, foreign direct investment, and collaborations (joint ventures, alliances, licensing, franchising), and evaluate the pros and cons of each method. Which types of products and services would be appropriate for each market entry method?
- How can a company effectively manage its international marketing efforts, and what are some key challenges that it may face in this context?what are the reasons to choose a DIRECT export entry strategy ( standard exporting) ?What are the barriers of international trade and what factors create friction to the International business. How can they could overcome these challenges (e.g. geographical in term of distance, person, tariff, quota that effect trade)
- Define outsourcing and the market entry strategies of exporting and partnerships.Critically discuss the importance of international companies considering cultural differences when engaging in Foreign Direct Investment.Discuss the advantages and disadvantages of Exporting and Joint Ventures as the two possible mode of entry in international business. Which mode of entry would you favor for a small firm entering a high risk market?