Question
Working in groups, you need to complete a business presentation using PowerPoint, for the global expansion of JoieFarm. Imagine that JoieFarm has reached a certain
Working in groups, you need to complete a business presentation using PowerPoint, for the global expansion of JoieFarm. Imagine that JoieFarm has reached a certain level of national development and business leaders are now thinking about their options to grow beyond the Canadian borders. JoieFarm is now looking for opportunities to expand globally and to take its brand and products into few other counties.
1. As a group of business strategy students, you need to choose 3-4 countries (depending on the number of group members, 3 or 4) that JoieFarm can expand. You should discuss the pros and cons of entering into each market using Porters Diamond model. Use the following links assisting you to understand the concept: https://www.toolshero.com/strategy/porter-diamond-model/ https://www.business-to-you.com/porter-diamond-model/ https://www.investopedia.com/terms/p/porter-diamond.asp
2. JoieFarm is looking forward to partner with a local company to better operate within the chosen market. Please explain if there are any socio-cultural differences between Canada and the destination market, and if these differences have any impact on the strategic decision making? What are the important factors that JoieFarm should consider when planning and developing its strategies with potential partners?
3. Discuss which country your team thinks will gain the best competitive advantage for the company. Please explain your reasoning through the 'strategic lens.'
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started