17 Jun IDENTIFY A NEW PRODUCT(S) AND/OR SERVICE(S) OPPORTUNITIES ACCORDING TO THE BEACON COUNCIL
Executive Summary
This should be a about a 2 page summary assessment of:
• The country’s economic political situation and risks (if any)
• The country’s current economic situation, opportunities, challenges and risks
• Whether the country represents a good opportunity for your products and/or services. And, do you recommend entering or not entering the country and market with your products and/or services?
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1. Economic and business environment analysis:
• Demographics: Population, growth rate, distribution of population (age groups), rural vs. urban, cities vs. villages
• Per capita income levels, wealth distribution
• Major exports and trading partners
• Business environment: Government attitude to foreign investment and trends, ease of doing business, trade regulations
• Inflation levels, currency exchange rate; risks of devaluation versus the dollar
• Education and literacy levels, availability of skilled labor, labor costs
• Membership in regional economic and trading blocks
• Legal system: Protection of intellectual property rights, enforcement of contracts
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1. Industry – Market Opportunity Analysis for your products and/or services:
Identify a new product(s) and/or service(s) opportunities according to the Beacon Council South Florida Target Industries-Products/Services to do business Import-Export with this country that your Company International Doing Business in LATAM Executive team believes will succeed in that country and recommends for market entry. (You cannot pick an existing brand in that country). Why does the country represent a good industry – market opportunity for your product and/or service? Rationale.
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• Industry Analysis
• Market Analysis
• Market prospects
• Current product usage habits
• Competitive products on the market in that country
• Retail distribution channels
• Major advertising media used in the country
• Total size of the market and market potential for your product
• Target market and demographics for your product
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1. Market Entry strategies:
• Suggest the most suitable market entry mode, e.g. exporting, licensing, franchising, joint venture, wholly-¬‐owned subsidiary, etc. Explain rationale.
• Provide at least 2 recent examples/case studies of market entry strategies of other multinationals in that country that have succeeded or failed.
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6. Summary:
• Most interesting or fun facts about the country
• Key challenges, risks, threats of doing business in the country
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1. Bibliography/References:
This section will be a listing of all your research – your sources of information for this Country – Industry – Market – Product/Service Import-Export Research and Business Plan Report with at least 10 diverse sources, including relevant research using some of the business newspapers, magazines, and online databases from the FIU Library.
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