ENT1000 Week 4 Assignment. “What is my new Business” Imagine a group of would be entrepreneurs are convinced that with the right product and careful planning you are certain that you can make your new business successful. You are recent graduates of an MBA program and were intrigued by the challenge and potential reward of doing you own thing rather that joining a firm and working your way up. You all have some basic ideas on product and services you might make and sell for you venture and an idea of how to write the business plan when you have chosen your product. But that is what you must first do and you need to establish a method for determining what that product will be.
ENT1000 Week4 Discussion This discussion will be about the advantages, disadvantages and challenges of being the first company to introduce a new product, service or idea. On page 65 of your text you will see information. Digest that information and do some research on the subject and make you first post to the Discussion Board explaining each first entry advantage and your comments on them. Also, list and explain any disadvantages that you can think of to being the first entry instead of entering the market after others have paved the way and developed the market to a size than can be profitable soon after entry.
ENT1000 Week 5 Entry Barriers and options Although there are many factors to consider before entering a foreign market with you product line, the various barriers to entry and then options on what form of enterprise you will set up in the host country are very important. In chapter 5 you will see several barriers to selling in a foreigh country like language, religion, etc. List several of these and indicate how the must be dealt with. Elsewhere in the text (index is a good place to look) you will find barriers to international trade in general. You can also find in another chapter the various forms of businesses you can choose to set up. Select the one you would choose and defend it with your reasoning.
ENT1000 ENT week 5 Discussion For this discussion we will use the following questions. This assignment will probably require you to do some research on questions 1 & 2. Post your initial answers and then participate in the Discussion Bpard.
Proceed to the Discussion Board and participate in the discussion
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