The Planning Process

Read the overview below and complete the activities that follow.

This activity focuses on the international planning process in detail. This process serves as a guide to planning for multinational firms that operate in several countries.

Expanding markets around the world have increased competition for all levels of international marketing. Cost containment, custome satisfaction, and a greater number of players mean that every opportunity to refine international business practices must be examine in light of company goals. Collaborative relationships, strategic international alliances, strategic planning, and alternative market$-$entn strategies are important avenues to global marketing that must be implemented in the planning and organization of global management.

Here we focus on the planning process, perhaps the single most important task for the international marketer. In exploring the variou phases of the planning process, the foreign marketer should begin to develop the methodology by which the decision to enter a foreign market is made.

Group the types of information by phases of international planning process. Move each label to the correct drop zone box. The note button next to a label provides more information.

Labels

$(1)$

Drop Zones

Environmental factors, company

Phase $1(1/4)$

Phase $2(2/4)$

character, and screening criteria

Selecting mode of entry