Chapter 12 Analyzing International Opportunities
International Business 4e Chapter Preview List each key factor to assess in national business environments Discuss measuring potential in emerging and industrialized markets Identify three key market research difficulties Explain the usefulness of each secondary data source Describe each method of primary research © Prentice Hall, 2008 International Business 4e
Screening Markets and Sites Step 1 Step 2 Step 3 Step 4 Identify basic appeal Assess national business environments Measure market or site potential Select the market or site © Prentice Hall, 2008 International Business 4e
International Business 4e Identify Basic Appeal Basic demand Climate Absolute bans Available resources Labor Materials Financing © Prentice Hall, 2008 International Business 4e
National Forces: Culture Market selection Global product Tailored product Site selection Education level Technical skills Work ethic © Prentice Hall, 2008 International Business 4e
National Forces: Political/Legal Government regulation Investment barriers Profit repatriation Government bureaucracy Administrative delays Political stability Unforeseen political change © Prentice Hall, 2008 International Business 4e
National Forces: Economic/Other Country finances Trade and investment policies Currency and liquidity Logistics Country image © Prentice Hall, 2008 International Business 4e
National Forces: e-Business Infrastructure, market access Internet access Content and standards Legal matters Privacy and security Intellectual property Financial issues Electronic payments Tariffs and taxation © Prentice Hall, 2008 International Business 4e
Potential: Industrialized Markets Demographics Competitors’ market shares Import/Export volumes Distribution network Marketing approaches Retail sales levels Income elasticity © Prentice Hall, 2008 International Business 4e
Potential: Emerging Markets Market size Market growth rate Market intensity Market consumption capacity Commercial infrastructure Economic freedom Market receptivity Country risk © Prentice Hall, 2008 International Business 4e
Select the Market or Site Field trips Engage in negotiations Gain firsthand exposure Contact customers/others Competitor analysis Access to inputs Competitors’ numbers/shares Competitors’ strategies Channel access Customer loyalty © Prentice Hall, 2008 International Business 4e
Market Research Difficulties Cultural problems Availability of data Comparability © Prentice Hall, 2008 International Business 4e
Secondary Data Sources International organizations Government agencies Industry/Trade associations Service organizations Internet and World Wide Web © Prentice Hall, 2008 International Business 4e
International Business 4e U.S. States Go Global © Prentice Hall, 2008 International Business 4e
Methods of Primary Research Trade shows and missions Interviews and focus groups Surveys Environmental scanning © Prentice Hall, 2008 International Business 4e
International Business 4e Chapter Review List each key factor to assess in national business environments Discuss measuring potential in emerging and industrialized markets Identify three key market research difficulties Explain the usefulness of each secondary data source Describe each method of primary research © Prentice Hall, 2008 International Business 4e