Question
For this third part of your Capstone Project, International Market Entry Stratego. on the appropriate market entry mode as the marketing entry strategy of the
For this third part of your Capstone Project, International Market Entry Stratego. on the appropriate market entry mode as the marketing entry strategy of the firm/company you chose for your final project. You can again use Yahoo! Finance or Hoovers.com to conduct research.
For a sample assignment, please click on the Blue HTML link at the very top of this assignment description named "Sample Assignment 3".Please address the following topics:
You'll need to address the following components: 1. Mode of Entry: What is the most appropriate mode of entry for your firm? Exporting? Licensing?Franchising? Joint ventures? Strategic Alliances? Or Wholly Owned Subsidiaries? Please provide detailed reasoning/rationale for your decision.
2. Key Competitors: Who are the key competitors both in the home country and the host country?
3. Standardization vs. Localization: Which approach will you use in introducing your products to the host country, standardization, or a multi-domestic adaptation? Why?
4. Product: What are your product strategiestaking into consideration of regional/country characteristics and product characteristics? How would you position your products against your competitors'?
5. Price: What are your pricing strategiesstandard worldwide or dual pricing? Why?
6. Placement: What distribution channels will you use--Distributors? Retailers? Online? Combination?
7. Promotion: What are your promotional strategies relating to advertising, personal selling, sales promotion, and public relations? Any cultural considerations in adapting such strategies?
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