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Needs Analysis
Introduction and Initial Meeting
Clarification of Customer Objectives:
Explanation
Clarifies the company’s international market objectives, growth strategies, and current priorities.
Subtopics
Defining Market Objectives
Discussing Expected Challenges and Priorities
Example
Specific goals such as achieving 10% growth in the European market and improving customer satisfaction are identified.
Review of General Company Status:
Explanation:
A comprehensive evaluation of the company’s operational and financial status is conducted.
Subtopics:
Reviewing Past Performance Data
Evaluating Organizational Structure
Example:
Production capacity utilization is identified to be at 80% annually.
Situation and Resource Analysis
Evaluation of Existing Products and Services:
Explanation:
Examines whether the company’s products and services meet the needs of the target market.
Subtopics:
Potential for Product Innovation
Efficiency of Service Processes
Example:
The technical features of the products are compared with those offered by competitors.
Company Capacity Analysis:
Explanation:
Evaluates the company’s production, financial structure, and human resources for alignment with expansion plans.
Subtopics:
Analyzing Financial Capacity
State of Production Technologies
Example:
The capital requirements for adding a new production line are determined.
Human Resources and Technological Infrastructure Review:
Explanation:
Assesses the competencies of employees and the suitability of technological infrastructure for international markets.
Subtopics:
Measuring Digitalization Level
Identifying Employee Training Needs
Example:
The ERP system is identified as insufficient for international operations.
Goal Setting
Short-Term Goals:
Explanation:
Goals to be achieved within the first 6-12 months.
Subtopics:
Expanding Sales Channels
Defining ROI for Initial Investment
Example:
Signing agreements with 3 new distributors within 6 months.
Long-Term Goals:
Explanation:
Strategic growth goals the company plans to achieve within 3-5 years.
Subtopics:
Strategies to Increase Brand Awareness
Developing New Products and Market Innovation
Example:
Increasing production capacity by 50% within 5 years.
Definition of Success Criteria for Goals:
Explanation:
Defines performance indicators to clarify success measurement criteria.
Subtopics:
Developing KPIs for Measurable Goals
Continuous Performance Monitoring
Example:
Setting the annual growth rate at 20% and reporting it regularly.
Strategy Development
Adapting Strengths to Marketing and Sales Strategies
Explanation:
Develops strategies to transform the company’s existing strengths into competitive advantages in international markets.
Subtopics:
Using Technological Capabilities as a Differentiator:
Explanation: Using technology as an innovative tool ensures standing out in the market.
Example: Reducing production costs through automation technology and leveraging this advantage in pricing strategies.
Maintaining Strong Customer Relationships:
Explanation: Develops strategies to retain the current customer portfolio and enhance loyalty.
Example: Creating improvement processes based on regional customer satisfaction reports.
Expansion and Market Entry Strategy
Market Entry Models:
Explanation:
Determines the most suitable business model to facilitate the company’s entry into the target market.
Subtopics:
Joint Ventures and Licensing Models:
Explanation: Partners with local companies to share risks.
Example: Entering into a licensing agreement with a local producer in Asia to reduce production costs.
Direct Investment and Production Strategies:
Explanation: Enables the company to establish an independent presence in the market through direct investment.
Example: Opening a new production facility in Southeast Asia.
International Partnerships
Developing Global and Local Partnership Models:
Explanation:
Aims to expand market access and broaden the collaboration network by establishing local and global partnerships.
Subtopics:
Strategic Agreements with Local Distributors:
Explanation: Signs agreements with local distributors to streamline logistics and sales processes in the target market.
Example: Partnering with a distributor in Asia to ensure quick access of products to the regional market.
Sustainability of Long-Term Partnerships:
Explanation: Plans to ensure the sustainability of business partnerships for mutual benefit in the long term.
Example: Structuring an agreement with a regional logistics firm that offers cost advantages for both parties.
Business Development & Strategic Management
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