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Assisting business owners target new market opportunities!
New Market Entry Strategy
Genesis World's specialized consultants will help you choose the right market entry method for your business expansion. Each way has distinct advantages and disadvantages and, thus, no single approach is best in all instances.
There are four conventional methods to develop new prospected markets. The options are:
1. Export products and services directly to the new market;
2. Establish joint venture agreements with one or more foreign companies;
3. Licensing patent rights, trademark rights, etc. to foreign companies;
4. Establish a branch in prospected new markets.
The following strategic plans are all part of the evaluation process regarding new market development:
Evaluating New Markets:
Market Research Report
Competitive Analysis Plan
Financial Analysis Report
Risk Analysis Report
Implementation of Market Entry Plan:
Government Requirements Report
Legal Requirements Report
Cultural Habits Report