International Entrepreneurship
You are acting as an individual IntEnt business consultant. XYZ, your U.S.-based client firm, has been monitoring healthy returns in overseas business and is seeking your advice on international business expansion. XYZ asked you to conduct an international marketing feasibility study and develop strategic recommendations for its international expansion.
Your international business feasibility study should map out your client’s international expansion and set up a business venture with a view of a medium-term success (a profitable business). Your client does not limit your choice by specific countries or other limitations, constraints, or conditions imposed on your research (it is your task to advice on those issues, if any).
Assignment
For your purpose please complete the following steps:
1. Select 1 (one) product or service from business proposals/ads that you like the most (please refer to the “COMMERCIAL NEWS USA” at http://www.thinkglobal.us/). No need to coordinate your choice with other students. For verification, please attach a 1-page copy (picture) of your chosen product/ service description in PDF to your Final exam report.
2. Based on the chosen product/service, conduct a comprehensive market research and find the best market (country) for your client’s international business expansion. Use the step-by-step international market research methodology. It can be found in one of my PPPs or directly at http://export.gov/mrktresearch/eg_main_018210.asp.
3. Find at least one international business partner in the target country (emerging market) and provide contact information (explain how you arrived to your choice of this partner and what sources of information/assistance you have used. I should be able to verify the steps of your research in grading your final exam report.
4. Suggest and justify the best practical entry strategy (exporting, joint venture, licensing/franchise, or a 100% subsidiary).
5. Give your assessment of strategic benefits/costs/risks and contingency strategies related to your recommendations.