Explore New Markets Opportunities, Entering New Markets
May 21, 2019 at 12:26 pm
Expanding into a new market can be an
effective way to grow your business. Investing the appropriate level of
resources in market analysis and entry method can create a foundation for
success in the chosen market.
I suggest following steps. Once you've
selected an attractive market, you should consider a dealership,
distributorship or setting up a branch.
These options require target
identification, deal negotiation and close. Prior findings can be leveraged to
identify the appropriate mix of market entry options that is linked to the
business's core competencies, assets, and overall strategy.