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Market selection (Country selection)
Foreign market selection
Screening potential markets Step 1: Identify Basic Appeal Step 2: Access national business environment Step 3: Measure market size Step 4: Select the market
Demand ,[object Object],[object Object],[object Object],[object Object],Step 1: Identify Basic Appeal
Resource availability ,[object Object],[object Object],[object Object],[object Object],[object Object],Step 1: Identify Basic Appeal
Cultural & local forces ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Step 2: Access national business environment
Political & legal forces ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Step 2: Access national business environment
[object Object],[object Object],[object Object],[object Object],Political & legal forces Step 2: Access national business environment
Economic forces ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Step 2: Access national business environment
Data & Information ,[object Object],[object Object],[object Object],[object Object],[object Object],Step 3: Measure market size
Market variables ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Step 3: Measure market size
Market variables ,[object Object],[object Object],[object Object],[object Object],Step 3: Measure market size
[object Object],[object Object],Step 4: Select the market
Opportunities and risks Evaluation
Opportunities ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Evaluation
Opportunities Evaluation 4.6 8.4 7.1 100% Total 10% 10% 30% 50% Weighting Attractiveness Rating (1-10) 0.5 0.2 0.8 5 2 8 Red tape Lowest 10 - highest 1 0.5 1.0 0.2 5 10 2 Costs and resource availability Best 10 – worst 1 0.6 2.7 2.1 2 9 7 Ease and compatibility of operation Best 10 – worst 1 3.0 4.5 4.0 6 9 8 Market size Best 10 – worst 1 Korea India France Korea India France Measure
Risks ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Evaluation
Risks Evaluation 0.5 0.9 0.8 5 9 8 10% Political risk Lowest 10 - highest 1 4.4 7.2 6.6 100% Total 10% 20% 50% Weighting Attractiveness Rating (1-10) 0.4 0.5 0.7 4 5 7 Monetary risk Lowest 10 - highest 1 1.0 1.8 0.6 5 9 3 Competitive risk Lowest 10 - highest 1 2.5 4.0 4.5 5 8 9 Risk & uncertainty Lowest 10 - highest 1 Korea India France Korea India France Measure
Opportunity-risk matrix 3.3 6.7 Low Med High Opportunities Low Med High Risks India France S Korea 6.7 3.3 Evaluation

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Market selection

  • 3. Screening potential markets Step 1: Identify Basic Appeal Step 2: Access national business environment Step 3: Measure market size Step 4: Select the market
  • 4.
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  • 6.
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  • 13.
  • 15.
  • 16. Opportunities Evaluation 4.6 8.4 7.1 100% Total 10% 10% 30% 50% Weighting Attractiveness Rating (1-10) 0.5 0.2 0.8 5 2 8 Red tape Lowest 10 - highest 1 0.5 1.0 0.2 5 10 2 Costs and resource availability Best 10 – worst 1 0.6 2.7 2.1 2 9 7 Ease and compatibility of operation Best 10 – worst 1 3.0 4.5 4.0 6 9 8 Market size Best 10 – worst 1 Korea India France Korea India France Measure
  • 17.
  • 18. Risks Evaluation 0.5 0.9 0.8 5 9 8 10% Political risk Lowest 10 - highest 1 4.4 7.2 6.6 100% Total 10% 20% 50% Weighting Attractiveness Rating (1-10) 0.4 0.5 0.7 4 5 7 Monetary risk Lowest 10 - highest 1 1.0 1.8 0.6 5 9 3 Competitive risk Lowest 10 - highest 1 2.5 4.0 4.5 5 8 9 Risk & uncertainty Lowest 10 - highest 1 Korea India France Korea India France Measure
  • 19. Opportunity-risk matrix 3.3 6.7 Low Med High Opportunities Low Med High Risks India France S Korea 6.7 3.3 Evaluation