I need some assistance with answering the questions below:
Describe the continuum of evaluation for a market entry strategy. Identify the areas of analysis, evaluation tools and post decision strategies. Include a short explanation of how each contributes to the overall evaluation of a market strategy.
Continuum Evaluation of Market Entry Strategy
For making effective entry strategies, the continuum evaluation provides important information about the new marketplace that can help the management of organization to better understand the capital structure of the organization and the production of products and services along with its location for distribution (Jain, 2003). The continuum evaluation of market entry strategy describes the nature of entry strategies that could be useful for strategy makers to determine active and reactive behavior according to the varying nature of marketplace (Timmer, 2008). Therefore, the management of organization can make significant profitability predictions that can be used to plan variety of potential research design to gain market position.
It also describes about the marketing methodologies related to market entry strategies along with its review systems that can evaluate strength, limitation and barriers for its entry strategies that can help an organization to develop a comprehensive plan to reduce market entry barriers (Afuah, 2009). It also describes the relationship between customers and its supplier that could be useful to make a change according to the outcomes of its previous marketing strategy.
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The expert describes the continuum of evaluation for a market entry strategy. The areas of analysis, evaluation tools and post decision strategies are examined.