Question

In: Economics

assuming you are owner of recent startup. how would you engage with multinational to startegcally penetrate...

assuming you are owner of recent startup. how would you engage with multinational to startegcally penetrate in the local market?

Solutions

Expert Solution

Being the owner of a recent startup, I would engage different strategies to penetrate the local market in different countries. The important strategies I would applying will be as follows:

* Understanding the need of the local markets and making suitable products.

* I will look for potential partnerships in each region to penetrate easily.

* Will start units in the countries which have huge business potential. This will help in cost reduction.

* Will give advertisements in the local media and also will get the help of social media influencers for the purpose of marketing.

* Will understand customer behaviours, their buying habits, culture extra in order to cater them well.

* Will collaborate with local companies in similar business.

* Will check the need of rebranding of the products or services according to the culture of the particular nations.

* Will sell goods for zero profit in the initial months to have maximum reach.


Related Solutions

You are at a company where you would like to get hired. How would you engage...
You are at a company where you would like to get hired. How would you engage in authentic self-presentation or strategic self-presentation in this context (explain both types of self presentation)
What is the target market and how will you penetrate it?
What is the target market and how will you penetrate it?
If you are a startup and need a co-working space, how would you evaluate make your...
If you are a startup and need a co-working space, how would you evaluate make your choice between IWG(Regus) and WeWork? explain as much and as clearly as possible
Imagine that you are the sole owner of a 1-year old startup company. Your have an...
Imagine that you are the sole owner of a 1-year old startup company. Your have an exciting product development roadmap, but you need additional cash to move forward. Your advisors suggest selling shares in the company privately, in exchange for equity. What are some of the pros and cons of this decision?
how do you think a potential investor would view a startup company's financial statements? What would...
how do you think a potential investor would view a startup company's financial statements? What would the investor be looking for? Give examples.
What are the essential ingredients for recruiting board members to engage in fundraising? How would you...
What are the essential ingredients for recruiting board members to engage in fundraising? How would you design an orientation and training program to engage board members in fundraising?
Given the reading thus far, assuming that you are a manger of a multinational corporation. What...
Given the reading thus far, assuming that you are a manger of a multinational corporation. What kind of environmental factors do you consider in making decision that you believe maximize profit? Let us turn the role and that you are a manger of national company. Would the environmental factors you examine in making sound decision differ from those you considered when you were managing multinational company? Why? How?
What is a recent development in the evolution of multinational enterprises and how does that development...
What is a recent development in the evolution of multinational enterprises and how does that development affect globalization? Also, MNEs try to maximize profits. How could MNEs maximize profits and minimize profit volatility at the same time? 300 words minimum and in full and complete sentences.
would you be interested in taking an overseas position with a multinational company or would you...
would you be interested in taking an overseas position with a multinational company or would you prefer to work in the home office and have some responsibility for international operations, or would you like to simply avoid this and work for a local, regional or national company? If you would like to work in an international assignment, what country or region would interest you and what do you think it would take in terms of qualifications and experiences for you...
Assuming you were a public figure trying to engage the citizens to become more participatory what...
Assuming you were a public figure trying to engage the citizens to become more participatory what audience would you target and why? What would be some innovative ways to get the attention for your targeted audience to listen to what you have to say?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT