Question: kindly answer the question with guidelines as per attach. When developing a plan for doing business internationally, the first thing that needs to be done

kindly answer the question with guidelines as per

kindly answer the question with guidelines as per

kindly answer the question with guidelines as per attach.

When developing a plan for doing business internationally, the first thing that needs to be done is a preliminary analysis of each country. The following are four separate sections that need to be completed to collect and analyze market data as well as for the preparation of the plan: (1) Analysis of the Cultural Environment, (2) Analysis of the Economic Environment, (3) Analysis of the Market and Competitors, and (4) Development of an International Business Plan The headings for each section are broad and are meant to point the reader in the direction of specific areas to look into further for relevant data. It is possible to place more or less emphasis on a particular heading topic area, depending on the nature of the company's product and the nation that is its primary market. Some countries do not place much importance on specific topic headings, so that those countries can ignore them. The term "product" can be used interchangeably with "service" throughout the following content. CULTURAL ANALYSIS The information gathered for this section is essential, as it will be used to direct the development of the business plan and assist managers in better understanding particular cultural aspects of the country. This kind of information helps ensure that the company successfully develops the plan and interacts with the target market. As a result, the information generated for this section serves a dual purpose, first in the preliminary stages of the plan's development and then later in the plan's execution through interactions with country nationals. More than just straightforward facts, the information presented here constitutes an argument. Managers who are responsible for developing and executing the plan should make an effort to interpret how the data generated in this section affects the production of the company, how it should be adapted (if at all) for the target market, and how it should be offered in the target market. For instance, the fact that China is characterized by Confucianism and guanxi is interesting; however, the manager needs to make an effort to understand how such constructs influence various aspects of the behavior of market participants. ECONOMIC ANALYSIS This section typically consists of two major categories: general economic data that serve as a basis for evaluating the financial soundness of the country, and information on business infrastructure, including distribution channels and media. Both of these categories are included in this section. As mentioned earlier, the headings included in each section are broad and meant to point the reader in the right direction when looking for data pertinent to the topic. It is possible to place more emphasis on, or less on, a particular heading topic area, depending on the nature of the company's product and the country that is the focus of the marketing effort. MARKET ANALYSIS At this point in developing an international business plan, the analysis is refined to focus m narrowly on the product and its relationship to the target market. The development and bre are given special attention in this section due to the information gathered there. The researche, analyzes the nature of the market, customers, marketing requirements, and the competitive environment in this report section. THE PLAN The preceding information should serve as the foundation for developing a strategy for your product within the target market. In this section, you will investigate how to maximize sales and profits by overcoming the opportunities, problems, and threats discussed in the previous sections. Your evaluation of the most successful strategies for marketing your product in the domestic market has been incorporated into the action plan. You will also develop budgets, forecasts of expected profits or losses, and lists of additional resources required to carry out the proposed project. 1. The Assignment must be typed and well presented. It must be written in business REPORT format/style. You may use subheadings and bullet-points where appropriate within the report. You may also incorporate graphs, tables, diagrams, and figures into the body of the report if you wish. (If lengthy, material of this kind may be attached as appendices.) 2. In this particular Assignment, you MUST include a bibliography. This should be on a separate page. FULL details are required - name and initials of all authors, full title, publisher, place, and date of publication. At this level of study, you must get these details right! 3. The word limit for the first Assignment is 2,000 words. You will not be penalized for exceeding these limits - within reason (say 10\%) - provided that there is no repetitiveness, irrelevance, or "padding ."Similarly, you will not be penalized for being under the word limit, provided that the question has been fully and satisfactorily answered. 4. Although you are encouraged to seek a greater understanding of the issues raised in this Assignment by discussing them with business practitioners of your acquaintance, you are NOT permitted to make unsolicited contact with business organizations to obtain information. 5. All assignment submissions must ensure that the Similarity Index must be below 30%-Above the range, the assessment will be rejected (e.g., due to poor citation and/or poor paraphrasing, article outright rejected, student, need to do RESUBMISSION - subject for acceptance by course facilitator)

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