Question

In: Operations Management

Using a product and country of your choice, determine what would be the best method of...

Using a product and country of your choice, determine what would be the best method of entry for an exporter interested in that market. Justify your decision using the guidelines provided in the chapter.

Solutions

Expert Solution

An example of a product one could introduce into a foreign market would be smart phones and my current country of choice would be my home country which is Nigeria. The current great demand for smart phones in Africa is the highest rate in any part of the world. There is already great demand and usage of GSM (Global System for Mobile Communication) framework within this country. Hence, I think the most effective method of entry will be Piggy-Backing. I would create manufacturing facilities for these phones and encourage suppliers to facilitate the development of cell phone market in Nigeria. Many basic types of phones have already been introduced in the market thus encouraging the smart phone market and supplying its accessory devices would be possible through Piggy- Backing. Since, low cost entry strategy with two or more firms into the nigeria phone market is the best entry. Due to the high level of low- class in the population.


Related Solutions

Using the “Rule of Thumb” guideline flow chart, what would be the best choice for a...
Using the “Rule of Thumb” guideline flow chart, what would be the best choice for a 2-Level, 2-Factor Design? Taguchi L18 Design Box-Behnkin Design Screening Design Full Factorial Design A 2-level design is said to be orthogonal if: It is balanced vertically The dot product of all column pairs is zero Both a and b none of the above
Determine the survey method that would be best suited in each of the following cases and...
Determine the survey method that would be best suited in each of the following cases and briefly state why. A researcher would like to obtain the views of senior management in a large organisation on the kind of issues that may be included in the new organisation bulletin called Newsflash.                                                                                     
A company is using the Payback method to determine which project should be selected. The choice...
A company is using the Payback method to determine which project should be selected. The choice is between two machines: Machine A and Machine B. The machines both have a useful life of 10 years. Which machine should be selected based on the following cash flows and what is its payback period? Year 1 Machine A Machine B 0 ($500,000) ($500,000) 1 $100,000 $ 25,000 2 $ 95,000 $ 50,000 3 $ 85,000 $ 75,000 4 $ 75,000 $100,000 5...
In your opinion, what is the best method to obtain data on a health-related topic? Would...
In your opinion, what is the best method to obtain data on a health-related topic? Would you call your local health department, contact your physician, or email the Centers for Disease Control and Prevention? Perhaps you would do none of these. Where would you go to obtain data? You will discuss how you can retrieve data on a health-related topic of your choice! This Discussion is an opportunity for you to explore the practical application of research in health care....
Using CAPM explain what is your best choice: Deposit $100 with a risk free 2% investment...
Using CAPM explain what is your best choice: Deposit $100 with a risk free 2% investment or medium risk(systematic risk) at 8% or a higher risk investment at 15%. Show your work and explain. In your explanation explain how beta is calculated.
Using the supply and demand diagram for a product of your choice (identify ), anticipate the...
Using the supply and demand diagram for a product of your choice (identify ), anticipate the change in market price and quantity for a product of each of the development below. Explain Consumer incomes rise The price of competing products falls The minimum wage is raised substantially Rent control is eliminated in a city.
Using a hypothetical population of any country of your choice, describe how you will apply the...
Using a hypothetical population of any country of your choice, describe how you will apply the cohort component approach in arriving at a projected population in 2025.
Using a product of your choice, construct a table that illustrates increase in supply. Give your...
Using a product of your choice, construct a table that illustrates increase in supply. Give your table a title, for example, "Increase in Supply for Flower Pots". Label your column headings with details that include the reason for the increase in supply. Use realistic numbers and 5 price-quantity combinations. ***PRODUCT: CAKE***
1. What do you believe would be the best choice for a tax system in the...
1. What do you believe would be the best choice for a tax system in the United States? Do you think things should stay as they are? Why? or should we revamp the tax system? 2. Which tax systems or approaches do you recommend? Why? 3. What are the potential problems with the choice you made?
Would using a spectroscopic method to determine equilibrium constant of a solution work if there was...
Would using a spectroscopic method to determine equilibrium constant of a solution work if there was no isosbestic point in the absorption spectra?Why or why not?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT