Market entry consultant
Encyclopedia
Market entry consultants provide consultancy services to private companies, corporations or government
/ non-profit organizations for solving various business problems related to commencing sales
/manufacturing
/outsourcing
operations in a new market / geographical territory. This includes, but is not limited to services like:
It is common for trade associations / diplomatic missions of heavily export oriented countries to provide Market Entry Consultancy Services to companies / organizations (belonging to their origin country) from their global offices.
State ownership
State ownership, also called public ownership, government ownership or state property, are property interests that are vested in the state, rather than an individual or communities....
/ non-profit organizations for solving various business problems related to commencing sales
Sales
A sale is the act of selling a product or service in return for money or other compensation. It is an act of completion of a commercial activity....
/manufacturing
Manufacturing
Manufacturing is the use of machines, tools and labor to produce goods for use or sale. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale...
/outsourcing
Outsourcing
Outsourcing is the process of contracting a business function to someone else.-Overview:The term outsourcing is used inconsistently but usually involves the contracting out of a business function - commonly one previously performed in-house - to an external provider...
operations in a new market / geographical territory. This includes, but is not limited to services like:
- Consulting an organization about suitability / demandDemand (economics)In economics, demand is the desire to own anything, the ability to pay for it, and the willingness to pay . The term demand signifies the ability or the willingness to buy a particular commodity at a given point of time....
of their products/services in the new market / geography of interest. - Market Potential, Growth, CompetitionCompetitor analysisCompetitor analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors. This analysis provides both an offensive and defensive strategic context to identify opportunities and threats...
, Market Share Analysis and other Market ResearchMarket researchMarket research is any organized effort to gather information about markets or customers. It is a very important component of business strategy...
activities. - Preparation of Business Strategy, Business PlanBusiness planA business plan is a formal statement of a set of business goals, the reasons why they are believed attainable, and the plan for reaching those goals. It may also contain background information about the organization or team attempting to reach those goals....
; Carrying out Cost-BenefitCost-benefit analysisCost–benefit analysis , sometimes called benefit–cost analysis , is a systematic process for calculating and comparing benefits and costs of a project for two purposes: to determine if it is a sound investment , to see how it compares with alternate projects...
& Risk AnalysisRisk analysis (Business)Risk analysis is a technique to identify and assess factors that may jeopardize the success of a project or achieving a goal.This technique also helps to define preventive measures to reduce the probability of these factors from occurring and identify countermeasures to successfully deal with these...
for the organization etc.
It is common for trade associations / diplomatic missions of heavily export oriented countries to provide Market Entry Consultancy Services to companies / organizations (belonging to their origin country) from their global offices.