Read this email from your supervisor to learn about the background, expectations, and parameters of the project: TO: Strategy Team DATE: Nov 23, 2021 SENDER: [email address of supervisor] SUBJECT: Global Expansion Plan As a company, we are determining whether to expand into a new international market. Until now, our presence has been primarily in the local market, but we feel that now is a good time to look beyond to new markets.  Our CEO and board of directors will meet to determine how to expand internationally, and they have requested that we prepare a global expansion plan for them to discuss.  As the marketing team leader, I am asking that you prepare a preliminary plan that identifies the region or country that presents the best economic incentives and offers the best growth profit. Additionally, draft a plan for how to expand in that region. As always, I am willing to support you in any way that you need. Sincerely, [Name, Title] Choose a real company for the focus of your analysis and plan. The company should be one whose primary market is in North America or Europe and seeks to expand into a new market incrementally. Alternatively, you can focus on a company with a presence in a foreign country but is seeking to shift horizontally by moving or diversifying from one location to a new one.  Identify a region or country that the company could expand into. Analyze the region to identify the opportunities and major risks. Then, develop a detailed approach for how to expand into that market. Your final plan should include the following:  A summary of your analysis of the countries and markets that are the most viable options Which country or region you recommend the company expands into and why. The business-level and corporate-level strategies the company should implement Major risks and how to address them Recommendations and considerations for successfully implementing the strategy

Management, Loose-Leaf Version
13th Edition
ISBN:9781305969308
Author:Richard L. Daft
Publisher:Richard L. Daft
Chapter8: Strategy Formulation And Execution
Section: Chapter Questions
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Read this email from your supervisor to learn about the background, expectations, and parameters of the project:

TO: Strategy Team
DATE: Nov 23, 2021
SENDER: [email address of supervisor]
SUBJECT: Global Expansion Plan

As a company, we are determining whether to expand into a new international market. Until now, our presence has been primarily in the local market, but we feel that now is a good time to look beyond to new markets. 
Our CEO and board of directors will meet to determine how to expand internationally, and they have requested that we prepare a global expansion plan for them to discuss. 

As the marketing team leader, I am asking that you prepare a preliminary plan that identifies the region or country that presents the best economic incentives and offers the best growth profit. Additionally, draft a plan for how to expand in that region.

As always, I am willing to support you in any way that you need.

Sincerely,

[Name, Title]

Choose a real company for the focus of your analysis and plan. The company should be one whose primary market is in North America or Europe and seeks to expand into a new market incrementally. Alternatively, you can focus on a company with a presence in a foreign country but is seeking to shift horizontally by moving or diversifying from one location to a new one. 

Identify a region or country that the company could expand into. Analyze the region to identify the opportunities and major risks.

Then, develop a detailed approach for how to expand into that market. Your final plan should include the following: 

  • A summary of your analysis of the countries and markets that are the most viable options
  • Which country or region you recommend the company expands into and why.
  • The business-level and corporate-level strategies the company should implement
  • Major risks and how to address them
  • Recommendations and considerations for successfully implementing the strategy

You can reference the guide BUS 495 Global Expansion Plan Guidelines Download BUS 495 Global Expansion  Plan Guidelinesfor further information on creating a global expansion plan.

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