business plan for jio telecommunication in canada
MARKET ENTRY & DISTRIBUTION
GROUP ASSIGNMENT:
EXECUTIVE SUMMARY & INTERNATIONAL BUSINESS PLAN 15%
GROUP PRESENTATION 10% (WEEK 14)
RESEARCH, CREATE & SUBMIT:
AN EXECUTIVE SUMMARY & INTERNATIONAL BUSINESS PLAN
& DELIVER: International Business Plan Presentation
PROJECT OUTLINE:
Take an existing or new product or service from the country of your choice into an international market that is new to the company.
The company in question can be:
A real business (to which you have an association or not)
A business that does not yet exist, but which you propose to set up
A fictitious business of your choice
The steps to follow are:
1. Select an organization, product or service and international target market.
2. Complete secondary research to gather information on the following when exporting the selected product or service to the selected target market:
a. potential market entry strategies and your selection & how it will be implemented
b. laws and relevance
c. cultural trends/attitudes how to use these to your advantage
d. barriers and how they will be overcome
e. and other key considerations and suggested actions
3. Must include an EXECUTIVE SUMMARY and follow the International Business Plan format as we have used before:
EXECUTIVE SUMMARY must include:
· Customer problem/opportunity
· Your solution/approach
· Business model (how you make money)
· Target market (who is the customer and how many are there)
· Competitive advantage
· Management team
· Financial summary
· Funding required
INTERNATIONAL BUSINESS PLAN FORMAT REQUIRED:
Area |
Content may include |
Business strategy |
· Organizations current position and business model · Current state/trends in sector · Competitive advantage · Organizational growth plan · Market Entry Strategy |
Marketing strategy |
· Product/service and how it meets the needs of the target market or needs to be adapted · Price point · Where and how product/service will be sold/delivered · How organization will connect with customers in the target market |
Operational plan outline |
· Facility requirements · Management information systems · Information technology requirements · Commitment of resources |
Human resources plan |
· Organizational chart of personnel needed for market entry · Job descriptions of all personnel · Critical skills needed · Training programs and requirements to meet organizational skill gaps · Short- and long-term recruitment and retention plans |
Communications strategy |
· Processes for internal interaction · Processes for interactions with potential and existing customers · Processes for interactions with organizational support services |
Social responsibility strategy |
· Environmental policies and initiatives · Community contribution initiatives · Relevant certifications |
E-business strategy, if applicable |
· Website development · Hardware and software requirements · Security issues |
Financial plans and forecasts |
· Cash flow statements · Profit and loss forecasts · Sales forecasts · Required capital and external funding · Repayment plans for borrowing · Foreign exchange forecast |
Exit strategy |
· Select exit strategy · When exit strategy will be implemented · Organizational valuation process · Exit clauses |
MARK ALLOCATION
International Market Entry Strategies
EXECUTIVE SUMMARY & INTERNATIONAL BUSINESS PLAN 15%
GROUP PRESENTATION 10%
EXECUTIVE SUMMARY & INTERNATIONAL BUSINESS PLAN (15%)
· Professionalism (Formatting, Style, Grammar) 5%
· Content (As per Project Guidelines) – 10%
GROUP PRESENTATION (10%)
PowerPoint Presentation 5%
· Professionalism (Formatting, Style, Grammar)
· Content (As per Project Guidelines)
· Visual Appeal
Presentation 5%
· Professionalism (Preparedness, Contribution)
· Presentation (Confidence, Communication, Engagement)
· Subject Knowledge
IN GROUPS:
Write a Feasibility Research Report for a potential international trade initiative.
The research report must outline the research taken to determine the feasibility of an international business opportunity for either the company you work for or a fictitious company of your choice. It should relate to either an exporting or importing opportunity for an existing or new product or service for an identified target market. Based on your report, the organization reviewing it should have all the information it needs to determine the feasibility of the particular international venture.
The steps to follow are:
1. Identify the potential international trade initiative, providing details on the product or service, whether the opportunity is for export or import, and which market you plan to target.
2. Outline the research objectives, methodology and data sources used. Refer to Evaluation Criteria for more details on each of these components.
3. Conduct secondary research to gather data, trends and facts to inform your report.
4. Collect, organize and analyze the research data.
5. Write a comprehensive research report to assess the feasibility of the potential trade initiative using the Evaluation Criteria as an organizational guide.
Submission Format
1. Please submit your project (Feasibility Research Report) electronically in WORD format in the Assignment section, with the PowerPoint presentation also included.
2. The project must contain a title page with:
a. the name of the company
b. the product or service and target market
c. the course title and professor name
d. group member names, group leader name and student IDs
3. The acceptable fonts are Calibri (no smaller than 11pt) and Arial (no smaller than 10pt). Line
spacing must be 1.5. Plagiarism is NOT tolerated. Evidence of plagiarism will result in a failed examination. NOTE: The Feasibility Research Report must not exceed 25 pages (excluding title page, table of contents, bibliography and appendices).
Project Guidelines
Present a well-organized, logical project that reflects both descriptive and analytical abilities. Consider options and alternatives, make recommendations and explain your rationale for the selection. The process of arriving at a recommendation or conclusion can be more important, in some cases, than the recommendation itself.
Structure the project in line with the Evaluation Criteria. Review the expectations related to each section of the project and ensure you address these thoroughly. Look carefully at the grading scheme. In general, if a section is worth twice as much as another, your project should reflect that proportion.
Remember that these projects are your opportunity to demonstrate learning, understanding and retention of international trade concepts. Sometimes, considering an alternative and dismissing it (with supporting rationale) can be very effective in demonstrating an understanding of the material.
Metrics and financials are important elements of any serious report or analysis. Descriptions are important and qualitative analysis is valuable when properly done. Choose sources carefully and ensure that your project is well-supported with data, metrics and financials. Also, be sure to quote the source of all information and references provided.
Each project provides the opportunity to earn points for the Overall Format of the project (see Evaluation Criteria). With minimal effort and a little creativity, you can make your paper visually interesting. Use supporting graphics effectively, organize sections and titles to assist with flow and readability and review grammar and spelling. Pay attention to the quality and organization of your project.
FIGURE 2.1
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Feasibility Study Research Project: The Research Process
Define Research Objectives
Create Research Brief
Screen Potential International Markets
Select Research and Data Sources
Design Data Collection Tools and Collect Primary Data
Organize and Analyze the Data
Present Conclusion and Applying the Research
Define Research Objectives
Identify Problems
Develop Questions
Identify Opportunities
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1
STAGE
Starting with a Problem or Opportunity
Possible Questions When Addressing Specific Business Problems
Problem: Our export sales are dropping.
Question: Why are our export sales too low? How can we increase sales to international markets?
Problem: We are suffering from bad press regarding our international business practices.
Question: What is causing this negative image? How can we improve our international reputation?
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1 |
2 |
Starting with a Problem or Opportunity, continued
Questions might also be based on the desire to exploit new opportunities
Opportunity: Restrictions have been lifted on exporting meat products to the European Union.
Question: Should we export to the EU now that trading conditions have changed?
Opportunity: We have received emails from potential purchasers overseas.
Question: Is there enough demand for our product in international markets to justify exporting?
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1 |
2 |
Starting with a Problem or Opportunity, continued
Dividing the Problem
What is the background to this problem or opportunity?
How does this problem or opportunity relate to the competitive environment?
Is the required research possible?
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Examples of Good International Trade Research Objectives
Identify three international markets for the new software
Define the U.S. government requirements for electronic imports
Monitor the trends in downloaded music in India over the next 12 months
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Situational Analysis
Key Research Issues for Exporters
When exploring feasibility for a new venture, research objectives should answer the following questions:
Which international opportunities meet or do not meet the organizations strategic objectives?
What are the characteristics, pressures, trends and requirements in the target countries that meet the strategic objectives?
What are the preliminary priorities and risks associated with export trade opportunities?
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Key Research Issues for Exporters, continued
Macroeconomic Data
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Gross national product
(GNP)
Gross domestic product
(GDP)
Purchasing power parity
(PPP)
Household disposable income
Market size
Market potential
Market resources
Market sectors
Infrastructure
Urbanization
TABLE 2.2
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Macroeconomic Research Objectives
GNP | Identify the countrys annual GNP for the last 5 to 10 years Identify the criteria used for measuring GNP, to verify accuracy and comparability |
GDP and PPP | Identify GDP per capita for the last 5 to 10 years Estimate the PPP for the market compared to the domestic currency |
Household disposable income | Identify national and regional household disposable incomes |
Market size | Identify the countrys population, age distribution, population density and population distribution |
Market potential | Identify countrys average income and income-distribution figures Examine patterns of consumption spending Examine patterns of industrial spending |
Continued
TABLE 2.2
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Macroeconomic Research Objectives, continued
Market resources | Provide detailed information about topography, climate and natural resources of target country |
Market sectors | Evaluate the degree of economic activity occurring in major economic sectors Track rate of change in market activity in major economic sectors |
Infrastructure | Identify the safest and most reliable routes and modes Determine travel times from urban centres Assess reliability, costs and accessibility of business communications |
Urbanization | Determine population density and demographics of major urban areas Identify average income and income-distribution figures for city workers |
Cultural and Lifestyle Information
Involves several areas of research:
Material culture
Cultural preferences
Languages
Education
Religion
Ethics and values
Social organization
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Material culture | Identify the percentage of the population that owns a car Identify the percentage of the population with access to Internet and wireless communication Determine affordability and availability of natural gas and electricity for households |
Cultural preferences | Determine cultural taste preferences Identify common associations related to symbols and colours Identify cultural sensitivities that may impact product or service sales Describe societal roles and expectations |
Language | Identify the national languages Identify the official languages Identify the rates of multilingualism |
TABLE 2.3
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Cultural and Lifestyle Research Objectives
Continued
Education | Describe the level of technical education Identify the percentage of the population that attains a higher education Identify the percentage of women who attain higher education |
Religion | Identify the main religions and the official religion Describe any influence or control religion has on behaviour that may affect sales of product or service |
Ethics and values | Explore whether dealing with foreign traders is considered a suspect activity Identify the human rights record Describe environmental concerns |
Social organization | Describe role of women in society Identify attitudes towards minority groups within the population Describe the extent of militarization |
TABLE 2.3
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Cultural and Lifestyle Research Objectives, continued
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Situational Analysis
Political and Legal Information
Political risks that can be identified and evaluated through research:
Political instability
Discrimination against foreigners, foreign trade or foreign investment
Control over commerce
Weak legal protection for property and Intellectual Property rights
Legal business structures
Tax regimes
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Situational Analysis
TABLE 2.4
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Political Research Objectives
Political instability | Identify the stability of the current government and how frequently anti-government protests occur Identify popular support for existing regime Describe the strength and nature of any political opposition |
Discrimination against foreigners, foreign trade or investment | Identify the general attitude and discriminatory policies in the market that hinder, or create barriers for, foreigners, foreign trade and foreign investment Identify key decision makers and their attitudes and preferences towards foreigners and foreign trade |
Control over commerce | Describe any potential ethical issues that may arise because of business practices in the foreign market, e.g. corruption, bribery |
Continued
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Situational Analysis
TABLE 2.4
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Political Research Objectives, Continued
Weak or legal protection for property and intellectual rights | Identify if and how property rights and intellectual property rights are protected |
Legal business structures | Describe the available forms of legal business structure in the target market Identify any effect of an organizations legal structure on liabilities and taxes |
Tax regime | Identify tax rates and reporting requirements Describe how taxes are calculated Describe how tax issues are adjudicated |
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Situational Analysis
Product or Service Potential
See Table 2.5 Product or Service Potential Research Objectives
Research should consider:
Regulations and prohibitions
Sizes, weights and measures
Packaging preferences
Labelling
Pricing
Logos, design and colour
Quality
Preferred purchasing method
Warranties and service
Distribution considerations
Adapted from TABLE 2.6
Competitor Research Objectives
Describe the competitor in terms of
Location and structure
Key employees and their skill sets
Existing strategic partners
Main product or service offerings
Identify competitors typical and key customers
Describe competitors marketing strategies and activities
Identify competitors market share
Identify competitors suppliers
Identify if modifications are required to products or services
Key Research Issues for Importers
See Table 2.7 Key Research Objectives for Importing
The main focus of the research objectives is on assessing operational issues related to the suitability of the supplier or partner, as well as the impact on the suppliers or partners country on the business relationship.
Political and legal environment | State whether the export of the desired product, technology or service is restricted from the source country and whether import into the home country is prohibited or permitted Identify the safety standards that apply in the source country and state whether these are adequate for the importing country Describe issues with the political situation that could affect the security of the supply and access to it Identify whether counter-trade arrangements are required |
Technological environment | Describe how the infrastructure in the country will affect communication with the supplier Determine whether data protection or cyber-security will be an issue when using the supplier |
Marketing benefits | Explore the image and reputation the source country has in the organizations home country: positive or negative? What impact will this have on your own corporate image? |
TABLE 2.7
Key Research Objectives for Importing
Continued
Macro-Level Source Country Attractiveness
Financial environment | Identify financial circumstances that could make it difficult for the importing organization to make payments Circumstances might include monetary policy or the banking infrastructure |
Labour environment | Describe the current and expected labour market conditions in the source country Is there adequate transparency and accountability to ensure shareholders will be appeased and public perception will be positive? |
TABLE 2.7
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Key Research Objectives for Importing, Continued
Continued
Macro-Level Source Country Attractiveness
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Key Research Objectives for Importing, Continued
Domestic market conditions | Identify whether there are tariffs or non-tariff barriers Assess whether the product technology is compatible with required standards |
Supplier selection | Identify all suppliers that possess the product, process or service that the organization can use Assess reliability Assess skills gap Describe suppliers previous experience |
Physical selection | Describe how distribution and transportation facilities will affect delivery capacity and delivery times |
Market Potential and Supplier Attractiveness
TABLE 2.7
Continued
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Key Research Objectives for Importing, Continued
Management of the business operation on an ongoing basis | Identify product or service adaptations that must be met to meet rules and requirements of the importing country Identify labelling standards Describe training procedures that must be in place for the employees |
Internal Suitability
TABLE 2.7
Key Research Issues for Importers, continued
Macro-Level Source Country Attractiveness
Organizations require a rapid evaluation of how the environment in the source country will affect the trading opportunity.
Political and legal environment
Technological environment
Marketing benefits
Sociocultural environment
Financial environment
Labour environment
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When trade is possible with a country, organizations must gather information that can be used to find suitable suppliers
Domestic market considerations
Supplier selection
Physical infrastructure
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Key Research Issues for Importers, continued
Market Potential and Supplier Attractiveness
Once a supplier is selected, the organization needs to understand the implications of the activity for its business before a final trade strategy can be developed
Import directly from supplier or hire a foreign agent?
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Key Research Issues for Importers, continued
Internal Stability
Research Issues for Foreign Direct Investment
Ownership-Based Investments
Greenfield
Brownfield
Acquisition
Joint venture
Merger
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Investments Based on Strategic Alliances
Supplier alliances
Research consortium
Co-marketing alliance
Co-production alliance
Bidding consortium
Types of Research Requirements
See Table 2.8 Location-Oriented Research Considerations
Geographic considerations
Legal considerations
Financial considerations
Regulatory considerations
Employment considerations
Relocation considerations
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Partner-Based Research Requirements
Researchers must gather information that includes:
Size
Financial stability
Product and service orientation
Market orientation
Intellectual Property
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Relationships
Management and personnel
Reputation
Strategic direction
Corporate culture
Create Research Brief
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2
STAGE
Background Information
Timelines
Estimated Budget
ELEMENTS IN A
RESEARCH BRIEF
Organizational background information
Business problem or opportunity background
The reason for research
The actions to be taken with research information
The deadline
The budget
Estimating Budgets
Determine your overall project budget
Review whats already available
Know what you are in for
Set realistic expectations
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Important Considerations in
International Trade Research
Multiple markets need to be researched
Many small markets
Methodological challenges
Infrastructure challenges
Cultural differences
Security challenges
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UNIT 3
Situational Analysis: Determining Current State and Opportunity for Growth
Screening Potential International Markets: Narrowing the Focus
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STAGE 3: Screen Potential International Markets
Secondary and Primary Research
Screen Potential International Markets
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3
STAGE
Market Size and Growth
Market Accessibility
Business and Political Environment
Market Size and Growth
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Situational Analysis
Market Accessibility
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Situational Analysis
Business and Political Environment
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Situational Analysis
Secondary and Primary Research
Examples:
An organizations own publications
Government publications
Competitors websites and publications
Newspapers, journals, magazine articles
Online Resources for:
Market and business conditions
Country reports
Organizational information
Directories
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Judging the Accuracy of Online Information
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GUIDELINES
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Situational Analysis
Prioritizing Markets for Further Investigation
Largest number of potential customers
Fewest potential barriers (legal, political, financial)
Fewest competitors
Most stable political environment
Highest growth economy
UNIT 4
Situational Analysis: Determining Current State and Opportunity for Growth
Selecting Research Design and Conducting Secondary Research
STAGE 4: Select the Research Design and Data Sources
Types of Research
Data Sources
About Secondary and Primary Research
Conducting Secondary Research
Select the Research Design
and Data Sources
4
STAGE
Primary Sources
Qualitative (Exploratory)
Secondary Sources
Quantitative (Causal)
RESEARCH DESIGN WILL
DEPEND ON THE:
Secondary information available/ need for primary research
Type of data required
Quantitative
Qualitative
Type of research needed to address objectives
Budget and timelines allotted for the research
Types of Research
Types of Research, Continued
Quantitative and Qualitative Research
Quantitative: information that can be analyzed numerically
Qualitative: descriptive information
Exploratory, Descriptive and Causal Research
Exploratory: collecting information informally to gain insights
Descriptive: semi-structured research involving collection of data to explain current market condition, demographics or current business problem
Causal: attempting to determine whether one market variable impacts another
Continuous / Ad Hoc Research
Data Sources
Reliability of the sources
Comprehensiveness of the sources
Comparability of the sources
Cost of obtaining data from the sources
TABLE 4.1
How Required Information Can Influence Research Design
Types of Information Required | Research Required |
The number of units of a product sold in a potential new market over the past five years. (Quantitative data that is likely to be available in some form.) | Secondary research. For example, a market research report on a trade report obtained online. |
Number of customers in a new target market who are dissatisfied with a service the company is considering replacing. (Quantitative data that is unlikely to be available.) | Primary research. For example, a survey asking a sample selection of customers if they are satisfied or dissatisfied. |
The features of a care that are most appealing to consumers in a new international market. (Qualitative data tha |