Question: You may choose an expansion opportunity in your own organisation or in an existing organisation of interest to you. The expansion could involve outsourcing inputs to your business (i.e. building a factory for your business in another country), expanding your product or service into a new international market or creating a partnership with a business in another country.
After you have identified your international expansion opportunity, develop a plan to guide your efforts. Your plan should cover the factors listed below and should draw upon the material covered in this module. Make sure you use some examples from your readings of organisations that have handled a similar situation, what they did and whether or not it worked.
You will document your plan in a paper. The purpose of this paper is for you to demonstrate your understanding of the material covered in this module through a practical application. Your paper should be a business plan for international expansion that demonstrates an awareness of the key factors a business should consider, the risks involved and the expected outcomes of the endeavour.
Submit a draft of at least 1,000 words that includes these components:
- Description of the venture assessment of associated theories
- Strategy formation