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Small business and entering a foreign market

Published by admin at December 4, 2022
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  • Applied Science
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  • Small business and entering a foreign market

 

 

Developing your own small business and entering a foreign market with your goods or services. The US will be your home base, and you will choose the foreign market. This plan will document in detail the steps and considerations necessary to enter the chosen market. Analyze the country’s business practices, culture, currency, policies, and any other factors that influence your decision (norms, traditions, leadership, ethics, legal structure, trade, investments, national products, and country trends). Finally, you will use all your available resources to put together a completed entry report into your targeted market.

The objective is to provide evidence on how your company will enter a foreign market and what hurdles you will have to overcome. Finally, you will conclude with an assessment and recommendations for which market to enter and why (your recommendations maybe not to enter the chosen market).

Follow the outline format exactly – each section and subsection should be titled accordingly – addressing and expanding on all points relative to the foreign market(s) you are researching.

YOU SHOULD BE USING TERMS FROM THE BOOK TO DESCRIBE:
How your business is operating – i.e., exporting, joint venture, turnkey project, green-field investment, just-in-time inventory, TQM, distribution channels, push/pull strategies, predatory pricing, expatriate, etc.

Describe political-legal, social-cultural and economic-geographic environments – which could include: collectivism, individualism, democracy, privatization, purchasing power parity, power distance, social mobility, poly/ethno/geocentric strategies, exchange rates/currency value/convertibility, FDI, absolute/comparative advantage, economies of scale, trade creation/diversion, efficient/inefficient markets, countertrade, arbitrage, corruption, moral hazard, experience/learning effects, first-mover advantage/disadvantage.

What global organizations does your company participate in or seek assistance from (i.e., WTO, IMF, World Bank, UN, EU)?
Lastly, your paper must adhere to APA and be submitted as an MS Word document via blackboard. You will need a minimum of six content pages (not including title page, appendices, charts, or reference page). You must also have a minimum of five academic sources. Be sure to proofread your final paper for spelling, grammar, and APA.

Sample Solution

My small business, a jewelry shop located in the United States, is interested in entering a foreign market. After careful consideration and research of various countries, I have decided that my targeted market should be China.

In order to successfully enter this foreign market, I must first analyze the country’s business practices, culture, currency policies as well as any other factors that may influence my decision such as norms, traditions, leadership styles and ethics; all of which can vary greatly from my home base here in the US. Additionally it is important to look into trade laws and restrictions so I can be aware of how any existing tariffs or taxes will affect my product before entering the Chinese market. Furthermore examining investments within the country would provide me with more information about what types of industries are most successful at present along with things like national products that could potentially compete with mine.

Finally, once I have gathered all available resources (like trends in consumer spending habits etc) I will develop an entry report into the chosen foreign market detailing each step necessary for successful entry along with potential obstacles/hurdles likely to come up during this process such as language barriers or cultural differences between our two countries. With this information I can then make an informed decision regarding whether or not it is feasible for me to enter China—or any other foreign markets—and if so what measures should be taken beforehand in order to ensure success upon arrival.

hy, to keep away from madness I have taken in a couple of things, in the expressions of Boethius joy can’t comprise in that frame of mind by some coincidence. However, I can’t acknowledge it. We have practically zero command over our lives. on the off chance that I have no control over my destiny, I will basically break the wheel. Despairing is my #1 beverage, and I drink maybe it was fade, I’m trapped in an indestructible time circle of affliction, in any case my enduring isn’t restricted to me, however to humanity. Without bitterness and melancholy, mankind would doubtlessly die, I’ve developed to acknowledge that. My objective is Love Fati yet I can’t arrive at it. My brain tormented with terrible contemplations I have zero control over, considerations of self-question, nervousness, self-loathing, depression, each and every other day I consider ending my own life, after the entirety of what’s left for me on this planet, I would prefer to allow my considerations to decimate me than have sympathy from others. I raised myself to be this way, to look for acknowledgment from others, not to be a bother. I’m horrendously mindful of the reality psychological wellness is untouchable so I don’t talk about it. “What’s going on with me?” “For what reason can I not be typical?” “Does any other person feel as much agony as I do?” I’ve abandoned posing myself these inquiries, they don’t have a response. it’s harder to see the light when I’m such a long ways down my own pit of despondency. However I don’t consider myself to be a skeptical individual yet rather a devotee to existential skepticism, with the steadily developing populace on earth I’m aware of the reality my life has no significance or importance. Envy, I envy youngsters, so prudent and virtuous, so uninformed about the amount they will endure. How awful the world genuinely is. How despicable your own race is. Our greatest adversary acting naturally, our little distinctions causing such coldhearted demonstrations; war, annihilation, subjugation, colonization, isolation, xenophobia, murder, assault, eradication of creatures. We’re the most savage and self-centered hunters to at any point stroll ashore. History rehashes the same thing yet we don’t gain from our mix-ups. Could you at any point fault me for not having any desire to be important for this race? I’ve lost my own personality. Who am I? We change essentially through our lives, keeping similar name and frequently similar elements, our body doesn’t characterize what our identity is, in the event that we lost a leg or an arm, we would in any case be us, as we age our skin loses its flexibility and our hair loses its melanin and diverges to a more broken down shade of dim. So where does my own character lie, maybe the cerebrum, the most complicated organ in our body, many parts slant what we feel and how we act like the hippocampus and the nerve center yet our mind can be much of the time impacted by our environmental elements and climate… .so where does our own personality lie of not our body or cerebrum. Religion has their own interpretation of this. In Christianity it’s said after death a piece of us slides an unclouded unadulterated component, our spirit, does my response lie here? My recollections, my personality the boundless meaning of who I am, Assuming that I lost every one of my recollections could my aggravation vanish? Could my qualities actually be something similar? The confusion of my psyche has made it impossible for me to be content in my own body. There are next to no individuals who comprehend me completely, yet I have not met these individuals. How might I anticipate that anybody should comprehend me when I can’t get my very own grip mind? its driving me near craziness, rest is an extravagance and dejection is unavoidable. Its human instinct to feel forlorn, so for what reason do I feel like I’ve been abused. I don’t reserve the option to be trapped in my discouraged state when I have clean water and a rooftop over my head. I’m loaded up with the need to succeed, to have an effect however the absence of goal as my endeavors to be sympathetic are invalid and void, ordinary somebody gives me another motivation to scorn my own race. I fe

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