Question: When writing your post, you should consider the four different strategies for entering the global market: Direct and indirect exporting Licensing and franchising Joint ventures
When writing your post, you should consider the four different strategies for entering the global market:
- Direct and indirect exporting
- Licensing and franchising
- Joint ventures
- Foreign direct investment
In your post, you will
- Pick two strategies from the above list for entering the global market. Assess the strengths and limitations of each strategy.
- Now, select one of these companies: Walmart, Dunkin Donuts, Starbucks, McDonalds, or Target.
- Explain what strategies these companies used when entering the global economy.
- What prior research was conducted?
- How well did they understand their target marketing environment?
- Analyze the export marketing strategies the companies used.
- What decisions were made concerning product design, pricing, distribution channels, advertising, and communicationsthe marketing mix?
- What lessons did they learn from their success in the global marketplace?
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