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Imagine that you have started your own manufacturing business and want to expand into a global market in order to achieve economies of scale. Choose
- Imagine that you have started your own manufacturing business and want to expand into a global market in order to achieve economies of scale. Choose an industry to use for this discussion.
- Identify the industry your company will be in (i.e. what will you manufacture?)
- Describe the macroeconomic indicators that you will look for in order to decide where to expand.
- Describe the microeconomic indicators that you will look for in order to decide where to expand.
- What research/data would you need to determine how best to enter the foreign market?
- How would you use that research/data to decide on timing, strategic partnerships, and financing?
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