New Venture Homework
As companies expand abroad and decide to enter foreign markets, a host of items need to be considered. Please complete the following scenario:
You are hired as a consultant to help a midsize U.S.-based company expand into new regions. The company is currently only in the U.S. domestic market. You are tasked with selecting three host countries for the company to expand into within the next five years. For this homework, you may select the industry of the company (Car rental industry) and the three host countries (one country must be India). Prepare a persuasive report on why you have selected these specific host countries. In addition, state the mode of entry for each country and any challenges that need to be addressed. (This should not be a narrative but a business report. Please do not use "I").
In your paper,
o Create a fictitious company (Car rental industry) with a brief background (size, industry, organizational style, etc.).
o Select three host countries for the company's international expansion (one country must be India).
o Analyze three host countries regarding the viability of the company expanding into each one.
o Explain the mode of entry into each country.
o Address any challenges that may arise for entering each host country.
o Include at least one chart, table, or graph.
The International Expansion: New Venture paper
Format your homework according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.