Question

Find a company entered a foreign market recently. Explain how their choice of market entry into that foreign market could potentially completely revolutionize

how that company does business.

Answer 1

1. The company will find proper distributors or agents of that particular foreign market and export the product directly into the market depending on the aforesaid people as direct selling to the market by themselves doesn't conclude a proper market.

2. In order to immediately reach the consumer in the foreign market the company will partner up with the reliable stores in that particular market to enhance its sale thereby maximising profits. This step will also help in proper regulation of the company in that particular country.

3. The company might also buy an existing company there so that it gains the market share thereby introducing the product and maximising its turnover.

4. Even joint venture also helps to revolutionize how a company works as profits are segregated accordingly and resources are also properly used as experienced people in that country form the venture. This is done as a project not as how a company grabs the share of the market.

5. Selling the product to the already existing domestic companies in the market partly helps in establishing the company in the long run as a whole company.