Assignment 3: creating an entry plan for a new international market


 

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Assignment 3: Creating an Entry Plan for a New International Market

Due Week 10 and worth 180 points

This  assignment will provide you with firsthand experience in developing a  strategic marketing plan for entering a new international market. Choose  a global company with which you are familiar for this paper. Note: Do not use a company from previous assignments or discussions.

Use the Internet or Strayer Library to research the following components of the global company that you have selected:

  • Company Profile (History & Analysis)
  • Product(s)
  • Financial Status 
  • Market Position
  • Analysis of current global operating environments
  • Integrated Marketing Communication (IMC) Strategy
  • Strengths and Weaknesses Analysis
  • Sustainable Competitive Advantage(s) enjoyed by the firm
  • Sources of funds for the project
  • Pro-Forma Balance Sheet & Income Statement for five (5) years
  • Cash-Flow Statement

Write a five to six (5-6) page paper in which you:

  1. Choose  a country into which the company you selected may expand. Provide your  rationale for selecting the company and country you chose. Note:  Ensure that the country you chose is not currently doing business with  the selected company in any capacity (e.g., exporting, FDI, or contract  manufacturing). 
  2. Develop a brief profile of the country that you have chosen. The summary should include:
  3. Geographic and historical data regarding international business
  4. Political and legal environment for conducting international business
  5. Business customs and practices
  6. Economic environment 

Note: Refer to the following resource to complete this criterion of the assignment:

  • A Basic Guide to Exporting Contents 

(http://export.gov/basicguide/eg_main_017244.asp) Scroll down to find A Basic Guide to Exporting Contents

  1. Ascertain the possibility and feasibility of integrating e-commerce into the company’s offering. Your research should include:  
    1. Impact of regional and global trade integration
    2. Potential volume of trade
    3. The marketing mix components
    4. Key cultural dimensions affecting marketing operations
  2. Analyze  the key reasons why entering the market in the country that you have  chosen is justified. Include your research and analysis from Criteria 2  and 3 of this assignment to support the response. 
  3. Use at least six (6) academic resources in this assignment. Note: Wikipedia and similar websites do not qualify as academic resources. 

Your assignment must follow these formatting requirements:

  • Be  typed, double spaced, using Times New Roman font (size 12), with  one-inch margins on all sides; citations and references must follow APA  or school-specific format. Check with your professor for any additional  instructions.
  • Include  a cover page containing the title of the assignment, the student’s  name, the professor’s name, the course title, and the date. The cover  page and the reference page are not included in the required assignment  page length. 

The specific course learning outcomes associated with this assignment are:

  • Formulate,  implement, and evaluate effective marketing strategies based on an  analysis of global operating environments, market dynamics, and internal  capabilities.   
  • Analyze  the major economic, cultural, and political / legal aspects of the  international business environment, including the economic dynamics of  foreign trade, impact of regional and global trade integration, and key  cultural dimensions affecting marketing operations.  
  • Assess  the potential risks and benefits of various international markets and  formulate effective market entry strategies to support foreign market  expansion.
  • Integrate global information systems in the use of market research.
  • Integrate  the concepts of market segmentation, product development, and pricing  policies into viable marketing strategy to fit a variety of  international market environments. 
  • Construct  product distribution channels and logistics to meet marketing  objectives and fit a variety of global market environments. 
  • Analyze an integrated marketing communication (IMC) strategy to support global marketing operations. 
  • Integrate global e-commerce into the marketing strategy. 
  • Evaluate  and adapt corporate marketing strategies to fit the changing dynamics  of foreign markets and foster a competitive advantage. 
  • Use technology and information resources to research issues in international marketing.
  • Write clearly and concisely about international marketing using proper writing mechanics.

Grading  for this assignment will be based on answer quality, logic /  organization of the paper, and language and writing skills, using the  following rubric.

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