Implementing The Economic Development Of A Nation State

Exporting has become a very important business strategy nowadays. In order for firms to expand to the international market, and also to maintain and grow their share of market in whatever industry they are in, depending on their goals and objectives, any company must at least explore this possibility. A few and important advantages might come into place, in that they can extend their sales potential of their existing products, increasing margins through a larger customer base. Also, these small to large businesses can consolidate by gaining global share of market, they can reduce their dependence on their existing markets,

Considering the conducted research and analysis, it can be clearly seen that the international strategy is not effective, that is why, needs to be fixed. Moreover, the company has a success in the local market, so it may be reasonable to put the efforts to promote inside the country.

In the global capabilities of companies, the process of penetrating and developing an international market is seen as the most difficult. This happens because companies usually have little information about the new market as well as marketing infrastructure to penetrate it. However, companies treat entry into foreign markets as an extension of their business, which adds incremental revenue for their products and services. Additionally, firms pursue foreign business opportunities to minimize risk and investment thereby increasing their total sales and profits. For Tyson Foods to enter the Portuguese market, it would attain growth and expansion through diversification.

Nowadays, we can see that there are so many companies that have grown globally and being so successful in the international market. What makes most of the companies can be as successful as today was not just only because of their products’ reputation, but also about how can those companies develop themselves by internationalized the companies in the international market. One example of a successful company that we can use in this case is McDonald’s, which people can find this fast food company around the world. Founded in 1940 by Richard and Maurice McDonald, this company recently has more than 30,000 stores that can be found in more than 118 countries (James, 2009). The simple idea of using “fast-food serving system” as McDonald’s priority made this company developed widely. As a fact, McDonald’s idea was also solved the problem of preventing people to wait for a long time while waiting for their food in California, where McDonald’s firstly opened (Success Story, 2016). Yet, all those successful things that McDonald’s has recently will be possible without doing any effort to globalize itself in the wider and global market. There are also some risks that McDonald’s has to take in order to be as successful as today. Thus, this essay will explain about how McDonald’s internationalizes itself and what are the factors that make McDonald’s globalizes internationally.

As this essay has already hinted, the fundamental decision that a company has to take regarding the internationalization of a product when entering in a foreign market is adapting a product to the requirements of the foreign costumers or utilizing a standard product. To make this choice, two different logics are set against each other: the production logic that wants to increase the productivity through a standardization of products; and the marketing logic that wants to create each product in order to specifically satisfy all local needs.

The world offers significant business opportunities for every company, however, opportunities are accompanied by significant challenges for managers. Managing global operations across diverse cultures and markets represents a big challenge and opportunity for companies. To compete in the global market and be successful, companies must learn the strategies, policies, norms and technology necessary to conduct international business. The opportunities for global expansion are numerous, and attaining success is a matter of developing the right strategy to win local markets and its consumers.

In internationalization, the most challenging decision faced by the company to choose between standardization and adaptation in its operations, products or services. It has been one of the important and most popular research topics since 1960s to understand whether standardization is better or adaptation for marketing mix in international marketing. The increasing role of international expansion of business across the borders has also increased the focus of companies towards the international marketing strategies. It is also a biggest challenge for companies to better understand the different needs and choice of customers due to the huge differences among the cultures from various nationalities. This leads to the dilemma in

The World Bank's (2012) investigation of 14 cities in the country revealed some key information about the changes of starting a business in Indonesia. The first main finding was that 22 business reforms were made across the country to make it easier to start and operate a business in

As a company enters into the foreign market, so does their marketing efforts. In hindsight, if a company’s marketing activities are not perceived well abroad, it could completely destroy the business’ plans to venture into the global market. When a company decides to go beyond their domestic country they must consider the changes that will be made within their

Internationalization, the process of “entering an international market through the adaption of the organization’s processes, transfer of knowledge and opportunities to reach a new market,” is increasingly important to growing companies of today (Khojastehpour and Johns, 2014). Once the domestic market has been saturated, a company must internationalize to continue increasing market share, grow their brand, improve customer relationships, and enhance sales. To be successful in an international market, the company must internally analyze the firm and externally analyze the environment to determine which product offerings would be successful and how these products can reach consumers in this new market. In this essay, an international examination will be conducted on Burberry expanding into Qatar through a complete micro/macro analysis on the company and the country, as well as insight into the key challenges Burberry will face in this expansion.

When pursuing development plans, they are usually geared around methods to increase the state of the country’s economy. However, the ultimate goal for a development plan should be to not only ensure that the economy is better off but that the people are better off. Developing later has benefits in the sense that decisions can be improved based on learning from advanced countries and have the knowledge on how not to waste resources. On the other hand, the later you begin to develop the more difficult it will be because of the time lapse. On top of that, based on the description of the country, there will a lot of challenges, economically and politically, to endure in order to attempt to achieve development.

The causes of economic development in a nation can vary, but popular arguments for their success is the geographical location of that nation, and their amount of natural resources. The broadening of economic wealth for a nation could lead to many outcomes, such as conflict, shifts in power, or a complete transfer in political ideology. From the late 1880’s through the 1920’s there was an exponential jump in the economic growth of Latin America. This spike was the result of the harvesting of Latin America 's immense agricultural resources that were exported to many nations. Latin America 's massive development of economic trade precisely compelled a liberal ideology among the nation and lead to internal conflict, power shift in social classes, and political reformation.

The purpose of the report is to present the concepts of international marketing environments, globalization concepts, benefits and challenges of internationalization with respective to host and foreign countries with a comparison to the movie “Outsourced”.

In today’s world there is a widespread trend of global expansion, the borders between markets have become more and more diffused. The number of firms expanding abroad is increasing and internationalization has become a necessity, not only to further a firm’s growth, but also to better handle international competition in its home market.

Thank you for giving us this chance to study our business in your regarded nation. As I might want to discuss some essential parts of economic development in your nation, as you will allow us to enter in your economic business sector. We can comprehend your interest about your protectionist strategy. However, the development of the economy in developing nation like Primaria is exceptionally troublesome with this sort of free trade barriers. We have considered our business worldwide and we have seen the fast financial development in nations by business. The protectionist strategies are shaped to empower the local trade and to restrain the competition, yet in some cases, it constrains the development of the economy moreover. As Primaria is a developing nation there are numerous regions we can work to pull the economy and also the general development of the country. The foreign investment in the nation can have a major effect on the economy. What 's more, it will likewise create job opportunities, profitability, technology, new innovation, infrastructural improvement, access to better products and numerous more trade advantages, which will help the generous economic development of the nation.