Indiana Institute of Technology Expanding Your Business to Global Market Discussion

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Initial Post:

1. Imagine that you have started your own manufacturing business and want to expand into a global market in order to achieve economies of scale. Choose an industry to use for this discussion.
2. Identify the industry your company will be in (i.e. what will you manufacture?)
3. Describe the macroeconomic indicators that you will look for in order to decide where to expand.
4. Describe the microeconomic indicators that you will look for in order to decide where to expand.
5. What research/data would you need to determine how best to enter the foreign market?
6. How would you use that research/data to decide on timing, strategic partnerships, and financing?
   Hint: you may wish to copy/paste the discussion questions into your response box so that you can place your response next to each question.