Assignment Task
Task
An export-ready business is one that has the capacity, resources, and management to deliver a marketable product or service on a global scale at a competitive price. The trick is to determine whether this is true of your company—and if it isn’t, how to make it happen.
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Get Help Now!Before committing funding to your proposed venture, you must decide whether it is viable. You need a detailed understanding of:
- Your product and service
- The industry you will be competing in
- The nature of the market overall and within the country in which you will be exporting to
- The amount of capital needed to kick-start the venture.
Your starting point to determine how export ready you are:
1. Value Chain Analysis.
Before you embark on a new venture you need to determine what your strengths are in order to capitalize on what you do well? This leads to greater efficiency, increased productivity and lower consumer prices for higher-quality goods and services. At the same time, this trade environment stimulates the intense global competition that encourages innovation.
• Perform a Value Chain analysis and identify what your company does best and what functions of your organization might require additional support.
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