NK-Market Entry Strategy

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CHAPTER 14 CONSUMER DECISION PROCESS AND PROBLEM RECOGNITION

luonut Clarissa Villegas

Badminton

luonut Irina Afanasyeva

Azure DevOps

luonut Samy Sarem

PCI Compliance

luonut Stephen Skinner

Market Entry Strategy

How should I enter?

For each strategy evaluate Cost of entry sustainability & profitability

Inorganic

Joint Venture/ Partner

Acquire

Organic

What capabilities do I have and which do I need?

Technology

Manufacturing

Brand

Human Capital

Raw Material access

Distribution

Financial Capability

Where do I want to be?

Identify Key Success factors

Place/channel

Price

Promotion

Product offerings and segments served

Is the market attractive enough?

Regulatory Environment

Complements

Substitutes

Supplier Power

Buyer Power

Barriers to entry

Excess Capacity

Regulations

Switching costs

Brand/Repute

Human Cap

Tech/Patents

FC/CAPEx

Is the market Big enough?

For each segment

Competition

Growth

Share

Profitability

Size

Identify Segments

Characterize segmentation/targeting criteria

buying habbits etc

consumer demographics

Define Consumer needs