Overview You will be creating an export business plan. Work must be original to

Question

Overview

You will be creating an export business plan. Work must be original to this class, otherwise a grade of zero will be given. If no paper is submitted, a course grade of zero points will be given. Papers that do not contain detailed research will be severely penalized. No Wikipedia references are allowed.

You do not need to submit work in progress. However you are welcome to approach your instructor with questions.

Business Plan Requirements

Note: For further details regarding the components of your Export Business Plan, please see pages 468-469 of your textbook.

Formatting Requirements

Your paper must be in APA format to include:

The use of headings and subheadings

Times New Roman 12-point font

1 inch margins

Paragraphs with a minimum of at least 5 sentences

The first line of each paragraph should be indented 1/2 inch

Anything less than the content length stated above is not sufficient coverage of content and will result in a substantial reduction in grade.

At least one to two reference (or works cited) pages.

References must be no older than 5 years.

Your paper should be well-organized with excellent flow and excellently formatted. Check that your headings and sub-headings are correct.

Spell-check and proofread before submission.

Due Date

Due by 11:59 p.m., Sunday, CT, Unit 7.

Tasks

Select a product of which you will export to a foreign country.

After your product is chosen, decide on a foreign country to which you will export.

Develop an Export Business Plan.

Explanation / Answer

Product: Machinery & Equipments,           Country: India

Part 1 : Purpose

The purpose of this business export plan is to ensure that the expansion of the current business is done efficiently and effectively. The main purpose of the business plan is to ensure that the product that will be exported is according to the demand of the foreign country and has a potential to grow.

Part 3: Executive Summary:

This business export plan answers and builds a roadmap that has to be followed to export machinery and other equipment to the Republic of India in an efficient and effective manner. It also aims at discussing the ways through which the cost of the company can be reduced so that the resources can be utilized in the foreign country to build brand value, name and public trust.

Part 4: Research

The product that will be exported to India will be manufacturing machinery. This item is specifically selected because most of the consumer goods that are consumed in India are imported via China. If the company can reduce the manufacturing cost of Indian Suppliers then it will be beneficial for everyone. i.e. Company, Supplier and Consumers.

Reason for Product Selection:

History:

India is the world's largest republic and has a population of 1.2 Billion people. It gained freedom from British on 15th August 1947 after a 200-year struggle. India has many cultures, languages and other diversities within itself and thus each part of India is totally different than others. Even after all these differences, Indians are united by their need to consume quality products at a fair price. Seeing the market potential, growing economy, easier rules for foreign investment, India was selected as the location of the business.

India has many cultures within but each and everyone is welcoming of anyone who supports and promotes their lifestyle. India is a favourable country to run a business from due to many factors such as increasing education level, cheap labour cost etc. Under the Indian law, it is mandatory to register for GST for tax purposes and no foreign company can own a company in India with a 100% stake. there is a requirement for local partnership. This partnership should be in existence before the company sets up its roots in India.

Short-Term Goals:

Long-term Goals:

Area of Operations:

The area of operations will be the manufacturing sector of India that has some other merits as well. The company should set up its base in the area, where it will have :

Public Relations:

Following things should be done to ensure that there is harmony between the local people and the company, to ensure a smooth flow of business:

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