Entry into international marketing
There are many opportunities by entering into international markets. However, firms considering moving into overseas markets need to be aware of the potential threats to such a strategic from the external environment.
Overseas markets may carry certain problems either absent in the domestic market, or present to a lesser extent. These include:
- Language and cultural differences
- The presence of import controls
- Economic and/or political instability
- Additional documentation
- Transportation and insurance costs
- Exchange rate fluctuations
- Different legal and tax systems
- Corruption
- Packaging modifications