Methods for Reaching Global Markets

Following are some of the strategies that companies use to enter the global markets:

Exporting – This is the simplest method of reaching global markets. A firm produces its goods or services in its domestic country and then exports them to countries where its goods or services are in demand.exporting company has to deal with problems like tariff barriers and unfamiliarity with the foreign markets.

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Offshoring – In this process, a company relocates its business process from one country to another. Usually, the process of being offshore is the manufacturing process to developing countries.

E.g., multinational corporations like Nike and Apple offshore their manufacturing process to developing countries because of much lower manufacturing costs in those countries. Manufacturing costs in developing countries are low because there is an abundance of cheap and semi-skilled labor available.

Licensing and franchising – In franchising, a domestic firm gives its intellectual property to a firm from the foreign market it wants to enter and collects loyalty. Different franchises have different agreements.

Licensing consists of a domestic firm permitting a foreign firm to use its intangible properties such as trademarks and logos.

Joint ventures – In this method, companies enter into a joint venture with the companies from the foreign market it wants to enter to form a jointly owned company. The companies from the foreign markets provide valuable insights regarding those markets and help in establishing business contacts.

For E.g. Fiat, Chrysler entered into a joint venture with Tata Motors of India in 2015. The name of the jointly owned company is Fiat India Automobiles Private Limited, and the purpose of the joint venture was to produce more Jeeps.

Key Parts of Successful Global Marketing
The foundation of a successful global marketing campaign is laid out by in-depth research of foreign markets. Foreign markets are comprised of foreign customers who belong to a foreign culture, thus expecting the same promotion strategies or products will appeal to them is delusional. Hence research is important to gauge the needs and aspirations of foreign customers.

Brand reputation does wonder to appeal to even foreign customers. A successful domestic brand has a reputation for banking on when entering foreign markets. That is why it was considerably easier for big brands like McDonald’s, Apple, Nike to enter foreign markets and gain a large customer base fairly quickly. Therefore, brand building is one of the prerequisites for successfully capturing foreign markets.

Modifying products and promotions is a good way to attract customers from foreign countries. For example, Starbucks offers different types of tea in its branches in China because tea is loved in China. Companies have also to beware if their promotions or products are culturally offensive. Hence McDonald’s does not offer beef or pork in the Indian market as both are culturally offensive to the Hindu and Muslim diaspora.

Benefits and Pitfalls of Global Marketing
Following are some of the benefits of entering foreign markets:

Increased sales and bottom line – The priority of a company is increasing its profits. Entering foreign markets helps achieve this by increasing the number of customers that can potentially buy a company’s product.

Increased Brand Reputation – When a brand operates in multiple countries simultaneously, it does wonders for its brand image in public. The brand’s ubiquity is associated with its quality, and thus more customers are attracted to the brand.

Entering a foreign market has its own set of dangers as well. A company’s product may be ill-suited in a foreign country due to natural reasons like climate, geography, and cultural reasons. A foolhardy entry without proper research can be a disaster for the company’s brand reputation. This is especially true for food companies.

Operating in foreign markets adds to the financial risk of the company as well. This is because success in a foreign market is not guaranteed.


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Methods for Reaching Global Markets

Methods for Reaching Global Markets
Following are some of the strategies that companies use to enter the global markets:

Exporting – This is the simplest method of . A firm produces its goods or services in its domestic country and then exports them to countries where its goods or services are in demand.

Don't use plagiarized sources. Get Your Custom Essay on
Methods for Reaching Global Markets
Just from $9/Page
Order Essay

The exporting company has to deal with problems like tariff barriers and unfamiliarity with the foreign markets.

Offshoring – In this process, a company relocates its business process from one country to another. Usually, the process of being offshore is the manufacturing process to developing countries.

E.g., multinational corporations like Nike and Apple offshore their manufacturing process to developing countries because of much lower manufacturing costs in those countries. Manufacturing costs in developing countries are low because there is an abundance of cheap and .

Licensing and franchising – In franchising, a domestic firm gives its intellectual property to a firm from the foreign market it wants to enter and collects loyalty. Different franchises have different agreements.

Licensing consists of a a foreign firm to use its intangible properties such as trademarks and logos.

Joint ventures – In this method, companies enter into a joint venture with the companies from the foreign market it wants to enter to form a . The companies from the foreign markets provide valuable insights regarding those markets and help in .


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Why Choose Our Academic Writing Service?

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  • Adherence to paper instructions
  • Ability to tackle bulk assignments
  • Reasonable prices
  • 24/7 Customer Support
  • Get superb grades consistently
 

Online Academic Help With Different Subjects

Literature

Students barely have time to read. We got you! Have your literature essay or book review written without having the hassle of reading the book. You can get your literature paper custom-written for you by our literature specialists.

Finance

Do you struggle with finance? No need to torture yourself if finance is not your cup of tea. You can order your finance paper from our academic writing service and get 100% original work from competent finance experts.

Computer science

Computer science is a tough subject. Fortunately, our computer science experts are up to the match. No need to stress and have sleepless nights. Our academic writers will tackle all your computer science assignments and deliver them on time. Let us handle all your python, java, ruby, JavaScript, php , C+ assignments!

Psychology

While psychology may be an interesting subject, you may lack sufficient time to handle your assignments. Don’t despair; by using our academic writing service, you can be assured of perfect grades. Moreover, your grades will be consistent.

Engineering

Engineering is quite a demanding subject. Students face a lot of pressure and barely have enough time to do what they love to do. Our academic writing service got you covered! Our engineering specialists follow the paper instructions and ensure timely delivery of the paper.

Nursing

In the nursing course, you may have difficulties with literature reviews, annotated bibliographies, critical essays, and other assignments. Our nursing assignment writers will offer you professional nursing paper help at low prices.

Sociology

Truth be told, sociology papers can be quite exhausting. Our academic writing service relieves you of fatigue, pressure, and stress. You can relax and have peace of mind as our academic writers handle your sociology assignment.

Business

We take pride in having some of the best business writers in the industry. Our business writers have a lot of experience in the field. They are reliable, and you can be assured of a high-grade paper. They are able to handle business papers of any subject, length, deadline, and difficulty!

Statistics

We boast of having some of the most experienced statistics experts in the industry. Our statistics experts have diverse skills, expertise, and knowledge to handle any kind of assignment. They have access to all kinds of software to get your assignment done.

Law

Writing a law essay may prove to be an insurmountable obstacle, especially when you need to know the peculiarities of the legislative framework. Take advantage of our top-notch law specialists and get superb grades and 100% satisfaction.

What discipline/subjects do you deal in?

We have highlighted some of the most popular subjects we handle above. Those are just a tip of the iceberg. We deal in all academic disciplines since our writers are as diverse. They have been drawn from across all disciplines, and orders are assigned to those writers believed to be the best in the field. In a nutshell, there is no task we cannot handle; all you need to do is place your order with us. As long as your instructions are clear, just trust we shall deliver irrespective of the discipline.

Are your writers competent enough to handle my paper?

Our essay writers are graduates with bachelor's, masters, Ph.D., and doctorate degrees in various subjects. The minimum requirement to be an essay writer with our essay writing service is to have a college degree. All our academic writers have a minimum of two years of academic writing. We have a stringent recruitment process to ensure that we get only the most competent essay writers in the industry. We also ensure that the writers are handsomely compensated for their value. The majority of our writers are native English speakers. As such, the fluency of language and grammar is impeccable.

What if I don’t like the paper?

There is a very low likelihood that you won’t like the paper.

Reasons being:

  • When assigning your order, we match the paper’s discipline with the writer’s field/specialization. Since all our writers are graduates, we match the paper’s subject with the field the writer studied. For instance, if it’s a nursing paper, only a nursing graduate and writer will handle it. Furthermore, all our writers have academic writing experience and top-notch research skills.
  • We have a quality assurance that reviews the paper before it gets to you. As such, we ensure that you get a paper that meets the required standard and will most definitely make the grade.

In the event that you don’t like your paper:

  • The writer will revise the paper up to your pleasing. You have unlimited revisions. You simply need to highlight what specifically you don’t like about the paper, and the writer will make the amendments. The paper will be revised until you are satisfied. Revisions are free of charge
  • We will have a different writer write the paper from scratch.
  • Last resort, if the above does not work, we will refund your money.

Will the professor find out I didn’t write the paper myself?

Not at all. All papers are written from scratch. There is no way your tutor or instructor will realize that you did not write the paper yourself. In fact, we recommend using our assignment help services for consistent results.

What if the paper is plagiarized?

We check all papers for plagiarism before we submit them. We use powerful plagiarism checking software such as SafeAssign, LopesWrite, and Turnitin. We also upload the plagiarism report so that you can review it. We understand that plagiarism is academic suicide. We would not take the risk of submitting plagiarized work and jeopardize your academic journey. Furthermore, we do not sell or use prewritten papers, and each paper is written from scratch.

When will I get my paper?

You determine when you get the paper by setting the deadline when placing the order. All papers are delivered within the deadline. We are well aware that we operate in a time-sensitive industry. As such, we have laid out strategies to ensure that the client receives the paper on time and they never miss the deadline. We understand that papers that are submitted late have some points deducted. We do not want you to miss any points due to late submission. We work on beating deadlines by huge margins in order to ensure that you have ample time to review the paper before you submit it.

Will anyone find out that I used your services?

We have a privacy and confidentiality policy that guides our work. We NEVER share any customer information with third parties. Noone will ever know that you used our assignment help services. It’s only between you and us. We are bound by our policies to protect the customer’s identity and information. All your information, such as your names, phone number, email, order information, and so on, are protected. We have robust security systems that ensure that your data is protected. Hacking our systems is close to impossible, and it has never happened.

How our Assignment  Help Service Works

1.      Place an order

You fill all the paper instructions in the order form. Make sure you include all the helpful materials so that our academic writers can deliver the perfect paper. It will also help to eliminate unnecessary revisions.

2.      Pay for the order

Proceed to pay for the paper so that it can be assigned to one of our expert academic writers. The paper subject is matched with the writer’s area of specialization.

3.      Track the progress

You communicate with the writer and know about the progress of the paper. The client can ask the writer for drafts of the paper. The client can upload extra material and include additional instructions from the lecturer. Receive a paper.

4.      Download the paper

The paper is sent to your email and uploaded to your personal account. You also get a plagiarism report attached to your paper.

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