This essay has been submitted by a student. This is not an example of the work written by professional essay writers.
Uncategorized

Global Market Entry

Pssst… we can write an original essay just for you.

Any subject. Any type of essay. We’ll even meet a 3-hour deadline.

GET YOUR PRICE

writers online

Global Market Entry

What market entry strategies would be successful in a global market. explain in details

Introduction

There are many ways that a company can enter into the global market. These ways often vary from the kind of business or the country one that a business is willing to invest in. Regardless of such strategies, the company should also take into consideration the factors that influence the choices that it makes. These factors may be tariff rates, cost of transportation, and many others.

Strategies include

Direct exporting

This is where a company chooses to send its goods directly to a country it has identified to venture into. This strategy is more attractive for many businesses since it attracts low risks. Direct exportation is also valuable because the products sent to a foreign country may find a growth opportunity in a foreign country. Companies also export products because there is no stiff competition overseas, making the product to have a competitive advantage.

Partnering

This strategy is also beneficial for a company that is seeking to establish more substantial grounds in the global market. The company may choose to take partnering arranged with another company of a particular country like co-marketing arrangements. It is most useful when the culture of doing business is very different from that of the origin country.

Joint venture

A company may also use a joint venture strategy. This is where a domestic company will partner with a foreign firm in both money, share ownership, and control of the venture. The international firm will be responsible for the provision of market expertise networks and business connections to grow the business.

Conclusion

Other strategies that a company can use to enter into the global market include licensing and franchising. All these strategies help a company to establish stable ground and carry out operations in the worldwide market.

 

 

  Remember! This is just a sample.

Save time and get your custom paper from our expert writers

 Get started in just 3 minutes
 Sit back relax and leave the writing to us
 Sources and citations are provided
 100% Plagiarism free
error: Content is protected !!
×
Hi, my name is Jenn 👋

In case you can’t find a sample example, our professional writers are ready to help you with writing your own paper. All you need to do is fill out a short form and submit an order

Check Out the Form
Need Help?
Dont be shy to ask