International Market Strategy for Product Expansion
Timeline
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January 2, 2019Experience start
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January 11, 2019Project Scope Meeting
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February 21, 2019Midway Check In
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April 12, 2019Experience end
Timeline
-
January 2, 2019Experience start
-
January 11, 2019Project Scope Meeting
Meeting between students and organization to confirm: project scope, communication styles, and important dates.
-
February 21, 2019Midway Check In
Meeting between students and organization to ensure that progress is on track halfway through completion.
-
April 12, 2019Experience end
Experience scope
Categories
Market research Operations Project management Sales strategy Marketing strategySkills
project planning, organization strategic recommendations marketing plans market research, brand analysisContinuously developing your product and service offering is essential to keeping pace with rapidly-shifting market demands. In this project, Graduate International Business students working in cross-disciplinary teams will apply their business acumen and creativity to develop an International Marketing Plan for your product/service. One international target market will be chosen after analysis of Industry Landscape, Socioeconomic Trends, Cultural, Regulatory, Logistical, and Financial Analysis.
Learners
Phase 1 - Project Plan: Students will meet with organization representative(s) to devise the project scope and prepare a detailed plan for completion of the project.
Phase 2 - Project Execution: Students will work on the deliverables outlined in the project plan. Teams will periodically communicate with organization representative(s) as needed to complete project tasks.
Phase 3 - Outcome - Report: Groups will submit a 20-page report on their research and recommendations.
*The top 2 groups, as determined by the instructor, will present their findings to you in person or virtually.
Project timeline
-
January 2, 2019Experience start
-
January 11, 2019Project Scope Meeting
-
February 21, 2019Midway Check In
-
April 12, 2019Experience end
Timeline
-
January 2, 2019Experience start
-
January 11, 2019Project Scope Meeting
Meeting between students and organization to confirm: project scope, communication styles, and important dates.
-
February 21, 2019Midway Check In
Meeting between students and organization to ensure that progress is on track halfway through completion.
-
April 12, 2019Experience end
Project Examples
Requirements
Based on your budget, business goals, and target customer, students will brainstorm possibilities for a new product or service to contribute to your existing offering.
Project examples include, but are not limited to:
- Innovating an existing product or product line to reach a new international target market
- Identifying which international market to enter (including a brief market entry strategy)
- Outlining how to enter an international market (including identification of key risks, estimated costs, and launch strategies).
- Providing tactical or operational recommendations for a defined market entry/expansion strategy (i.e. hiring/management strategies, cultural norms, and laws/regulations)
- Identifying potential international partners for international expansion, and providing a brief strategic overview).
Additional company criteria
Companies must answer the following questions to submit a match request to this experience:
Be available for a quick phone call with the instructor to initiate your relationship and confirm your scope is an appropriate fit for the course.
Provide a dedicated contact who is available to answer periodic emails or phone calls over the duration of the project to address students' questions.
Timeline
-
January 2, 2019Experience start
-
January 11, 2019Project Scope Meeting
-
February 21, 2019Midway Check In
-
April 12, 2019Experience end
Timeline
-
January 2, 2019Experience start
-
January 11, 2019Project Scope Meeting
Meeting between students and organization to confirm: project scope, communication styles, and important dates.
-
February 21, 2019Midway Check In
Meeting between students and organization to ensure that progress is on track halfway through completion.
-
April 12, 2019Experience end