International business plan
Planning is essential for any business. Before venturing into international markets companies have to draft an International Business Plan as this document will help them set their goals, effectively allocate their resources and determine which countries offer the most potential for their products as well as how to reach the clients and how to make competitive offers. The purpose of the international business plan is to prepare companies, specially middle and small, to enter the international market place or to better organize their existing international business activity. The International business plan can be divided into six sections following a time sequence. Each section helps to plan international business strategies and take effective export decisions:
- Section 1. Export diagnostics.
- Section 2. Market selection.
- Section 3: Market entry methods.
- Section 4: International offer.
- Section 5: International promotion strategy.
- Section 6: Economic plan.
The Plan will serve as step-by-step guide to lead the company through the process of exporting products and services to international markets. International Business Plan Template and Example.