Prepare a 3-5 page paper based on your on-line research.
You are a senior executive of a firm that is seeking to expand globally. The CEO has tasked you to develop a Business Plan. During this case study, analyze the product/service that you identified in Global Business Plan Activity #1.
For this case study, the CEO asked you to analyze the best approach for establishing the facility for your global product/service. If you are studying a product, you might propose to open a manufacturing or distribution plant. If you will provide a global service, you could study the best way to establish a call center or service center. During this case study, apply and refine your preliminary plans presented in Global Business Plan Activity #2.
Review Chapters 8, 13 and 14 of your Global Business Today text. Pay particular attention to the “Entry Modes” section of Chapter 13 (pages 363-371). For each of the following entry modes, (a) describe the approach, (b) discuss the general pros and cons, and (c) analyze whether the entry mode might be a good choice (or not) for your product/service. Use Table 13.1 on page 370 as a guide.
Exporting
Turnkey Project
Licensing
Franchising
Joint Venture
Wholly-owned Subsidiary
Finally, propose one entry mode for the country you have identified in your Business Plan. Explain your rationale.