- Select a foreign country that your business might conduct business in. (Not USA or Canada)
- Research your country and conduct an environmental scan. You should include:
Political factors
Laws/ Regulatory factors
Economic factors
Socio-cultural factors
Technological factors
Laws/ Regulatory factors
Economic factors
Socio-cultural factors
Technological factors
- International business can take the forms of importing/exporting, licensing, contract manufacturing or direct investment. What level of commitment is most appropriate for your business?
- Assuming that you decide to offer your product in this country, what marketing strategy makes the most sense? (Globalization, Adaptation, Customization)
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