Successful Foreign Investments
December 9th, 2007
Question: Is it a good idea to start exporting skateboards to Australia if I already have a successful domestic busines?
International Business: Consider the scenario: You work for a company that manufactors skateboards. Until now your company has only sold skateboards domestically, but now the CEO is interested in exporting the skateboards to Australia. Help! Please educate me in foreign investment and international investment theory. Should the company enter the foreign market? Why or why not? Please elaborate as much as possible, thanks!
Answer: Export your succesfull domestic product to a foreign market.
Well, quite a hard decision.
There are a lot of facts that your company should consider and evaluate.
As some one already mentioned, you need to be careful and plan the incursion to the new market. Thats with some business and management tools as market research (customer profile, interest, competition of course, etc), cost impact, company capability, production capacity, product adecuations, customs and regulations for your product at new market, for mention some.
I can tell you more especific about customs and regulations. And I can tell you that if you finally decide to try an export you can even arrange the sell with INCOTERM’s, so you can delimitate your company liability and risks.
For further information or guideness I may help you if you contact me, if you dont mind I’m in Mexico.
Good luck with your project.
Greetings from Mexico.
Reeling in the Years 1971-2
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