ENT1000 Week 4 Assignment. “What is my new Business” Imagine a group of would
be entrepreneurs are convinced that with the right product and careful planning
you are certain that you can make your new business successful. You are recent
graduates of an MBA program and were intrigued by the challenge and potential
reward of doing you own thing rather that joining a firm and working your way
up. You all have some basic ideas on product and services you might make and
sell for you venture and an idea of how to write the business plan when you
have chosen your product. But that is what you must first do and you need to
establish a method for determining what that product will be.
ENT1000
Week4 Discussion
This discussion will be about the advantages, disadvantages
and challenges of being the first company to introduce a new product, service
or idea. On page 65 of your text you will see information. Digest that
information and do some research on the subject and make you first post to the
Discussion Board explaining each first entry advantage and your comments on
them. Also, list and explain any disadvantages that you can think of to being
the first entry instead of entering the market after others have paved the way
and developed the market to a size than can be profitable soon after entry.
ENT1000
Week 5 Entry Barriers and options Although
there are many factors to consider before entering a foreign market with you
product line, the various barriers to entry and then options on what form of
enterprise you will set up in the host country are very important. In chapter 5
you will see several barriers to selling in a foreigh country like language,
religion, etc. List several of these and indicate how the must be dealt with.
Elsewhere in the text (index is a good place to look) you will find barriers to
international trade in general. You can also find in another chapter the
various forms of businesses you can choose to set up. Select the one you would
choose and defend it with your reasoning.
.
ENT1000 ENT week 5 Discussion
For
this discussion we will use the following questions. This assignment will
probably require you to do some research on questions 1 & 2. Post your
initial answers and then participate in the Discussion Bpard.
1. List 2 important factors to consider before
entering a foreign market and briefly why?
2. How does Globalization interact and affect
your US Company when considering whether or not to enter the international
market? First give a brief definition of Globalization in your own words.
3. Research fixed versus floating exchange rates
and explain how each could affect your participation in international markets.
Proceed
to the Discussion Board and participate in the discussion
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