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Strategic Market Entry Analysis for Corky's Expansion into Canada. Legal and Business Perspectives
Joeleen Kimbell
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Sozialwissenschaften, Recht, Wirtschaft / Werbung, Marketing
Beschreibung
Case Study from the year 2024 in the subject Business economics - Offline Marketing and Online Marketing, grade: A, , language: English, abstract: This paper aims to give the market entry analysis for Corky, a Portuguese producer and seller of cork stoppers who intends to penetrate the Canadian market. The issues discussed include market entry modes that cover direct selling, using agents, distribution, licensing, and strategic alliance. The report highlights the importance of knowledge of the laws governing businesses in Canada and consumers’ preferences and the impact of the EU-Canada Free Trade Agreement (FTA), also known as CETA, which has a blockbusting role in eliminating trade barriers and aligning the rules and regulations. Understanding the key benefits, possible difficulties, and outcomes of various entry modes allows us to identify the most appropriate strategy for Corky’s successful market penetration. Some strategic suggestions include using a mixed mode of entry by direct selling, licensing, and franchising to enable the firm to harness local skills without investing heavily at first. Furthermore, it is recommended that Corky interact with those practicing Canadian law to understand the constraints imposed on this scenario and employ aspects of CETA to reduce costs. Therefore, based on the systematic relative market and legal analyses for Corky’s expansion to Canada, the report argues that Corky is ready and capable of creating a large market in Canada and experiencing steady growth.
Kundenbewertungen
Market entry, Market analysis