Economy 08: Expanding Overseas: Part I After reviewing your chapter for this week and Murphy’s...

Question

Economy 08:

Expanding Overseas: Part I

After reviewing your chapter for this week and Murphy’s 2012 article about culture and the individual in the decision process to expand overseas, consider the following:

Think about a new business venture that you might choose to create. If you were to consider targeting foreign markets as goals of your new venture, what strategy might you choose to apply to do so? Why would you choose one strategy over the other (take into account what product or service you might sell and in which country you may do so)?

1 Page remember to use in-text citations and list APA style references to support your response.

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David · Accepted Answer

Economy 08 
There are certain specific strategies to enter a new market in a foreign country. 
Expanding business overseas requires the implementation of appropriate market entry strategies, 
and if I have to expand my business overseas then I will have to follow certain specific strategies 
of market entry. Before entering the new market I must continue with the market analysis 
process which should include the process of determining the entry barriers that are present in the 
concerned market apart from determining the degree of rivalry that is present among the first that 
are already  in operation in the concerned market (Peng, 2014).

Economy 08: Expanding Overseas: Part I After reviewing your chapter for this week and Murphy’s 2012 article about culture and the individual in the decision process to expand overseas, consider the...

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