1.
Assignment 3: Entry
Plan into International Market
Due Week 10 and worth 300 points
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
Note: You may also use the following resource for your research:
§ Financial profiles for global companies:
Write a five to six (5-6) page paper in which you:
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:
a. Geographic and historical data regarding international business
b. Political and legal 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).
Note: Refer the following resource to complete this criterion of the
assignment:
§ A Basic Guide to Exporting Contents
3.
Ascertain the
possibility and feasibility of integrating ecommerce into the company’s
offering. Your research should include:
a. Impact of regional and global trade integration
b. Potential volume of trade
c. The marketing mix components
d. 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 using ecommerce for 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. 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.
7. Use at least six (6) academic resources in
this assignment. Note: Wikipedia and
other similar Websites do not qualify as academic resources.
Your assignment must follow these formatting requirements:
·
Be typed, double
spaced, using Times New Roman font (size 12), with one-inch margins on all
sides; citations and references must follow APA or school-specific format.
Check with your professor for any additional instructions.
·
Include a cover page
containing the title of the assignment, the student’s name, the professor’s
name, the course title, and the date. The cover page and the reference page are
not included in the required assignment page length.
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- Assignment status: Resolved by our Writing Team
.
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