Market entry strategy-as a business owner looking to export a US product into a foreign market, what country would you choose? Why? - Essay Prowess

Market entry strategy-as a business owner looking to export a US product into a foreign market, what country would you choose? Why?


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Considering the 4 Steps(Attached as a file), as a business owner looking to export a US product into a foreign market, what country would you choose? Why?

Make sure to answer all 22 questions below in the research Paper. Font Times New Roman 12 —10 pages double spaced. Cover page, references and images do not count toward the length.

I would like to see an introduction, Why did you choose this country and product?
Write a conclusion on what you learned through the process.

Is the nation the homebase of any large multinational companies?
How is globalization influencing the countries jobs and wages, it’s income inequality, and its culture, sovereignty, and physical environment?
How does the country rank in terms of its degree of globalization?
What benefits can the country offer to businesses seeking a new market or production base?
What are the various ethnicities that reside in the nation?
List several of the values that people hold dear.
What are several of the cultures identifiable manners and customs?
Describe in broad terms the nations social structure.
How would you describe people‘s perception of time and work?
Is the culture relatively open or close to cultural change?
How would you classify the nations political, economic, and legal systems?
Is government heavily involved in the nations economy?
Is the legal system effective and impartial?
Does its political economy suggests that the country could be a potential market?
What is the level of corruption throughout the political economy?
Is legislation pending that may be relevant to international companies?Is it a developed, newly industrializing, emerging, or developing country?
What is its gross domestic product (GDP), GDP per capita, and GDP at PPP?
How does the country rank in the human development Index?
Has it undergone economic transition within the past 20 years?
Does any form of political risk pose a threat to the nations economic development?
How would you describe the countries international relations?

Answer Preview 

For my business, I have decided to export a US product into the Japanese market. There are several reasons why I have chosen Japan as the target country for my product.

First and foremost, Japan is home to a number of large multinational companies, such as Toyota, Honda, and Sony, which have a strong presence in the global market. This suggests that Japan has a well-established and sophisticated business environment that is conducive to international trade.

Additionally, Japan ranks highly in terms of globalization, with a strong emphasis on free trade and open markets. This is evident in the country’s high ranking on the Globalization Index, which measures a country’s level of economic, social, and cultural integration with the rest of the world.

Furthermore, Japan offers a number of benefits to businesses seeking to enter its market, including a highly educated and skilled workforce, advanced infrastructure, and a stable and reliable legal system. These factors make it an attractive destination for businesses looking to establish a presence in a foreign market.

In terms of culture, Japan is a country with a rich and diverse history, with a mix of traditional and modern elements. Its people are known for their strong work ethic and dedication to quality, and the country has a strong emphasis on education and personal development.

Japan’s social structure is hierarchical, with a strong emphasis on respect for authority and hierarchy. People in Japan have a strong sense of community and place great value on harmony and group cohesion.

In terms of the political and economic systems, Japan is a developed country with a strong, stable democracy and a well-established market economy. The government plays a significant role in the economy, with a focus on promoting economic growth and development.

In terms of its economic development, Japan has undergone significant economic transition over the past 20 years, with a focus on innovation and technological advancement. The country has a strong gross domestic product (GDP), with a GDP per capita of $39,667 and a GDP at purchasing power parity (PPP) of $5.01 trillion. It also ranks highly on the Human Development Index, indicating a high level of overall human development.

Overall, Japan presents a strong and attractive market for my US product, with a sophisticated business environment, strong focus on globalization and free trade, and a rich culture and history. With careful planning and consideration, I believe that my business can succeed in this market and achieve long-term growth and success.

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