The purpose of this thesis is to conduct an international market selection which will result in a suitable choice of market for an SME that is about to place offshore production in an emerging market. A focus during the thesis is directed towards potential risks that may occur and how SMEs can manage these. In order to fulfill this purpose the authors have developed two main research questions:How can an SME use the IMS-framework to select an emerging market for offshore production?How can an SME manage potential risks when placing offshore production in an emerging market?The theoretical framework consists of the description of the international market selection process that is relevant as it is the framework from which the selection of a target market originates. Further, a description of theories on entry modes and risk management is presented in order to provide insight on how SMEs can manage risks when placing production in an emerging market. The empirical chapter consists of interviews from a case company as well as Business Sweden and is structured in accordance to the theoretical chapter.In the analysis the theoretical frameworks are discussed and connected to the empirical findings. In the initial part of the analysis the international market selection is presented and discussed before it culminates in the authors chosen target market. The latter part of the analysis addresses the risk management SMEs is faced with when placing offshore production in an emerging market.The conclusion provides the reader with the chosen target market for the case company. It also shows that SMEs ought to apply a risk averse mindset when placing their production in an emerging market. The authors finally present suggestions for further research regarding SMEs ventures to place production in emerging markets.

The purpose of this thesis is to study Swedish retailers in order to find out which factors are the most crucial and influencing when it comes to international market selection. We as authors could find studies about international market selection, but not a single one regarding why Swedish MNEs choose to enter certain markets. We as authors therefore see a need for a better understanding of which factors have the greatest influence over market selection. The literature review that has been established in this study includes theories related to behavioristics, economics, risk and entry modes. By using an abductive approach and interviewing both large firms like H&M and IKEA, as well as smaller companies like Clas Ohlson and Happy Socks, our results shows that the important factors differ depending on the company size. The analysis chapter also involves a discussion of the different entry modes of the four firms and how they could come to affect the internationalization process. This qualitative multi case research will serve as a foundation for firms aiming for international expansion and for people who wish to educate themselves further on how Swedish firms internationalize and why. It will also generate new research questions for future researchers to study whilst informing them of why this particular research gap is important to fill.

Small and medium-sized enterprises are the foundation of Taiwan¡¦s Enterprises. With their flexible and efficiency manufacturing characteristics, SMEs are the most contributors for Taiwan¡¦s economic growth. In the past, most Taiwanese firms focus on OEM or ODM business. But in recent years, the growing wages caused manufacturing cost raise and Taiwanese firms faced the threat of severe global manufacturing competition. The situation has become increasingly difficult for many companies in Taiwan to stay in business. To build an own brand becomes an important strategy for Taiwan companies. This study explores the international branding strategy of Taiwanese enterprise. A qualitative case study approach was employed in this study to study six Taiwanese firms which attempt to build their brands in the international market. The result shows that (1) In order to quickly respond to environmental needs, the integration of internal resources (evaluate core capability) and the analyzation of external environment (market size) are required. (2) Entry mode: In order to lower the risk, Taiwanese firms prefer to cooperate with local companies instead of foreign direct investment, unless the market size is big enough. (3) Operational strategy: Unlike other global brand, Taiwan brand developed a unique business model. (4) International organization: Headquarter and branch must coordinate and build two-way communication to deliver a consistent brand value.

Throughout the years, different theories and models have been developed regarding multi-national enterprises' (MNEs') entry into foreign markets. One such model is the Organisational Model, identifying three different types of enterprise, each selecting a different mode of market entry during foreign market expansion. These are: massproduction enterprises, disaggregate-production enterprises and project-based enterprises. This model was based on studies focusing mainly on the US, Europe and Asia. Research indicates, however, that MNEs increasingly identify sub-Saharan Africa (SSA) as a region for possible expansion. In view of persistent risk within the SSA region, this study's focus is on determining which entry modes MNEs use when entering a perceived high-risk market in SSA. This research study focused on MNEs that have expanded or are currently expanding into a perceived high-risk country in SSA. A qualitative research design was selected, applying an in-depth case study analysis to six different MNEs two MNEs representing each type of enterprise as categorised by the Organisational Model. Semi-structured personal interviews were conducted with each participant. Each interview focused on elements relating to the MNE's perception of, and approach to selecting entry mode into, high-risk markets. Findings predominantly did not find support for the Organisational Model, indicating that MNEs entering perceived high-risk markets in SSA preferred different entry mode strategies and approached risk consideration differently. Some findings did confirm the literature, by indicating that MNEs consider country risk when entering a foreign market in SSA. / Dissertation (MCom)--University of Pretoria, 2016. / Business Management / MCom / Unrestricted

Bakgrund Intresset för friluftsliv ökar markant inom Sverige. Det finns en enorm efterfrågan på svenska outdoorprodukter som är kända för sin kvalitet, design och funktionalitet -de har ett mycket gott rykte utomlands. Internationalisering blir en allt större del i outdoorföretagens verksamheter. Trots att valet av internationell marknad är ett av de mest centrala beslutenhar det gjorts förhållandevis lite forskning på området. Det är därför av betydelse att genomföra en studie med kvalitativ metodologi som på ett djupare och mer ingående sätt förklarar de svenska outdoorföretagens strategi vid internationella marknadsval. Vilken blir nästa marknad att träda in på och varför? Syfte Syftet med denna studie är att bidra med ökad förståelse för hur svenska outdoorföretag väljer internationella marknader. Metod Denna studie är en kvalitativ flerfallsstudie där sex svenska outdoorföretag har studerats. Vidare har insamlingen av empirin genomförts med hjälp av semistrukturerade intervjuer. Studien vidtar ett hermeneutiskt perspektiv med en abduktiv forskningsansats. Slutsats I slutsatsen kan det konstateras att de svenska outdoorföretagen väljer ny internationell marknad genom olika strategier. Beslutsfattandeprocessen skiljer sig något företagen emellan, en del tenderar att vara med rationella i sina beslut, medan andra företag fattar beslut grundat på intuition. Studien undersöker företagens ställningstagande till det psykiska avståndet, i form av geografiska-, kulturella-, ekonomiska-och institutionella skillnader, där företagen är eniga. Det geografiska och kulturella avståndet har knappt någon betydelse förvalet av marknad medan ekonomiska- och institutionella skillnader kan vara direkt avgörande. De centrala egenskaper som har identifierats för att kunna expandera till en ny marknad är att ha ett starkt varumärke, erfarenhet och mänskligt kapital. Genom att besvara studiens frågeställningar uppfyller studien syftet att bidra med ökad förståelse för hur svenska outdoorföretag väljer nya internationella marknader. / BACKGROUND The interest in outdoor life is significantly growing in Sweden. There is a huge demand for Swedish outdoor products as they are known for their high quality, design and functionality - they have a very good reputation abroad. Internationalisation is becoming an increasingly important part of the companies’ operations. Although the international market selection is one of the most important decisions for them, little research has been done within this area. Therefore, it is important to conduct a qualitative study that explains the Swedish outdoor companies’ strategy in international market selection, in a deeper and more detailed perspective. Which market will be the next one to enter – and why? AIM The aim of this study is to contribute to an increased understanding of how Swedish outdoor companies select new international markets. METHODOLOGY  This study is a qualitative case study in which six Swedish outdoor companies have been studied. Furthermore, the collection of the empirical data was conducted through semi-structured interviews. The study takes a hermeneutic perspective with an abductive research approach. CONCLUSION In the conclusion it can be stated that Swedish outdoor companies choose new international markets in different ways. The decision-making process differs between the studied companies. Some tend to be more rational in their decisions, while others make decisions based on intuition. The study examines the companies’ attitude to the psychic distance, in terms of geographical, cultural, economic and institutional differences, where the companies are agreed. The geographical and cultural distance has barely any meaning for the choice of a new market, while economic and institutional differences can be decisive. The key characteristics that have been identified as crucial for the expansion into a new market, are a strong brand and brand equity, experience and human capital. By answering the research questions, the study fulfills the purpose of contributing to an increased understanding of how Swedish outdoor companies select new international markets

This study aims to explore the factors, aspects, and trends considered in the International Market Selection (IMS) process. Consequentially, it develops a deeper understanding of the challenges faced by home region oriented multinational enterprises (MNEs) during international expansion. The research question focuses on how home region oriented MNEs approach and execute market selection within the internationalization process. The importance of IMS is emphasized, as many MNEs struggle with Internationalization, and only a few achieve global presence. While previous academic literature highlighted the significance of market selection, a comprehensive model encompassing all relevant criteria on a macroeconomic level was lacking. To address this gap, in-depth interviews are conducted with practitioners and experts to gather qualitative insights. The main findings reveal that MNEs primarily face three key challenges when internationalizing and selecting new markets: Company internal aspects, product market aspects, as well as the macroeconomic situation. This thesis focuses on the macroeconomic assessment aspect and develops a holistic, transparent, applicable, and current framework: the multicriteria decision making framework. The framework bases on 53 indicators, structured according to the PESTLE model and helps selecting the right market based on macroeconomic conditions. To demonstrate the framework's applicability, a case study is conducted in collaboration with a global chemical company targeting the Latin American market. Using the framework, a clear recommendation on country attractiveness is provided. The company could leverage this information to maintain or intensify operations in high-scoring countries such as Chile, Mexico, or Brazil, while exercising caution or avoiding low-scoring countries such as Argentina or Venezuela. Accordingly, does this study not only explore behaviors and challenges faced by home region oriented MNEs but also introduce an applicable framework for IMS in the real business world. The framework's practicality makes it valuable for future research and contributions in the field of IMS.

In the wake of globalization, an increasing amount of firms must consider internationalization strategies to remain competitive. The strategic decision of where to expand is complex by nature. This is particularly true for retailers, and despite this being generally accepted, relatively little is in fact known about retailers ́ choice of foreign markets. Hence, this study investigates international market selection (IMS) strategies of Swedish retailers with global operations. The purpose of this study is twofold; first, to explore which criteria Swedish retailers use upon making international market selection decisions and investigate the relative importance among these criteria. Second, to assess the possibilities of creating a weighted IMS model for retailers, which can be use as guidance for marketing practitioners. The research questions which will be answered are: How do Swedish international retailers select foreign markets? What are the possibilities of creating a weighted IMS model for retailers? The study embraces a qualitative strategy with an exploratory research approach and a multiple case study design. Through extensive literature review, a conceptual framework is constructed, and subsequently developed, post gaining insight in practitioners’ reasoning. The empirical data was gathered through interviews with managers of Swedish retailers with international presence, as well as strategy consultants who routinely work with strategy conformation for Swedish retailers. Our findings show that criteria which influence IMS decisions among Swedish retailers are quite similar among firms and can be arranged under three main categories; market attractiveness, psychic distance and internal factors. Moreover, as a result of the empirical findings, we suggest previous IMS research lack one important factor which influences the IMS decisions, namely “gut-feeling”/coincidence. The relative importance among factors proved to vary among firms. Consequently, four concepts aiming at explaining the variations were developed. The four concepts include firm size, firm objective, industry of the firm, and ownership structure. Finally, with support from respondents, we arrived at a conclusion suggesting that construction of a weighted IMS model for all types of retailers is unfeasible. However, if the scope is limited to only include firms of similar characteristics as proposed by the four concepts, such model could potentially yield solid validity.

This thesis identifies realistic export opportunities for South African products in the rest of the world and specifically in the rest of the African continent. The method chosen to achieve this goal is the Decision Support Model (DSM) developed by Cuyvers et al (1995) and Cuyvers (1997) that was specifically designed to assist export promotion institutions in planning and assessing their export promotion activities. This model is positioned into the international market selection literature and four main refinements to the DSM methodology are introduced to address the limitations of the model and to make it more applicable for the South African international trade conditions. The refined model is then applied to identify product–country combinations with the largest export potential for South Africa in the rest of the world and in the rest of the African continent specifically. The refinements to the DSM filtering process introduced in this study contribute to the effective use and application of the DSM results by South African exporters and more focused export promotion activities by South African export promotion organisations. The four refinements include (i) running the DSM on a HS 6–digit level, (ii) introducing a method to calculate the potential export value of each identified export opportunity in order to prioritise between the product–country combinations identified as realistic export opportunities, (iii) taking the production capacity of South Africa into consideration in order to identify export opportunities that can be pursued immediately due to the country's existing revealed comparative advantage in the production and exportation of these products and (iv) developing a market accessibility index per product–country combination from a South African point of view on a HS 6–digit level in order to make filter 3.2 (barriers to trade) of the DSM applicable for South African conditions. The results of the application of the refined DSM to identify export opportunities for South Africa in the rest of the world include the top 50 worldwide export opportunities. There are 17 countries in which the top 50 worldwide product–country combinations identified as export opportunities for South Africa are located. These include the United States, Japan, India, the United Kingdom, Canada, China, Germany, Israel, Hong Kong, the Netherlands, Australia, Belgium, Singapore, Indonesia, Saudi Arabia, Italy and Brazil. Mineral products (coal, copper and aviation spirit); transportation products (1500 - 3000 cc automobile engines and diesel powered trucks); stone/glass (diamonds, platinum and rhodium) and metals (aluminium, iron/steel structures, nickel) are the product classifications within the top 50 worldwide product–country combinations that hold the largest worldwide export potential for South Africa. In terms of the product–country combinations with the highest export potential for South Africa in the rest of the African continent, there are 18 countries in which the top 50 product–country combinations for South Africa in the rest of the African continent are located. These include Nigeria, Namibia, Ghana, Morocco, Egypt, Zambia, Tunisia, Kenya, Uganda, Zimbabwe, Botswana, Mauritius, Tanzania, Senegal, Mozambique, Algeria, Malawi and Cote d'Ivoire. The products with the highest potential export values in the top 50 product–country combinations for South Africa in Africa include mineral products (aviation spirit, iron ore, sulphur and coal) and transportation products (1500 - 3000 cc automobile engines and diesel powered trucks weighing less than 5 tons). / Thesis (Ph.D. (International Trade))--North-West University, Potchefstroom Campus, 2011.

This thesis identifies realistic export opportunities for South African products in the rest of the world and specifically in the rest of the African continent. The method chosen to achieve this goal is the Decision Support Model (DSM) developed by Cuyvers et al (1995) and Cuyvers (1997) that was specifically designed to assist export promotion institutions in planning and assessing their export promotion activities. This model is positioned into the international market selection literature and four main refinements to the DSM methodology are introduced to address the limitations of the model and to make it more applicable for the South African international trade conditions. The refined model is then applied to identify product–country combinations with the largest export potential for South Africa in the rest of the world and in the rest of the African continent specifically. The refinements to the DSM filtering process introduced in this study contribute to the effective use and application of the DSM results by South African exporters and more focused export promotion activities by South African export promotion organisations. The four refinements include (i) running the DSM on a HS 6–digit level, (ii) introducing a method to calculate the potential export value of each identified export opportunity in order to prioritise between the product–country combinations identified as realistic export opportunities, (iii) taking the production capacity of South Africa into consideration in order to identify export opportunities that can be pursued immediately due to the country's existing revealed comparative advantage in the production and exportation of these products and (iv) developing a market accessibility index per product–country combination from a South African point of view on a HS 6–digit level in order to make filter 3.2 (barriers to trade) of the DSM applicable for South African conditions. The results of the application of the refined DSM to identify export opportunities for South Africa in the rest of the world include the top 50 worldwide export opportunities. There are 17 countries in which the top 50 worldwide product–country combinations identified as export opportunities for South Africa are located. These include the United States, Japan, India, the United Kingdom, Canada, China, Germany, Israel, Hong Kong, the Netherlands, Australia, Belgium, Singapore, Indonesia, Saudi Arabia, Italy and Brazil. Mineral products (coal, copper and aviation spirit); transportation products (1500 - 3000 cc automobile engines and diesel powered trucks); stone/glass (diamonds, platinum and rhodium) and metals (aluminium, iron/steel structures, nickel) are the product classifications within the top 50 worldwide product–country combinations that hold the largest worldwide export potential for South Africa. In terms of the product–country combinations with the highest export potential for South Africa in the rest of the African continent, there are 18 countries in which the top 50 product–country combinations for South Africa in the rest of the African continent are located. These include Nigeria, Namibia, Ghana, Morocco, Egypt, Zambia, Tunisia, Kenya, Uganda, Zimbabwe, Botswana, Mauritius, Tanzania, Senegal, Mozambique, Algeria, Malawi and Cote d'Ivoire. The products with the highest potential export values in the top 50 product–country combinations for South Africa in Africa include mineral products (aviation spirit, iron ore, sulphur and coal) and transportation products (1500 - 3000 cc automobile engines and diesel powered trucks weighing less than 5 tons). / Thesis (Ph.D. (International Trade))--North-West University, Potchefstroom Campus, 2011.

Syfte – Att skapa förståelse för hur internationell marknad framgångsrikt kan väljas för internetföretag genom att beskriva och identifiera tillvägagångssätt för val av internationell marknad. Metod – Kvalitativ fallstudie där elva semistrukturerade intervjuer genomfördes på olika internetföretag som valt internationell marknad. Resultat - Två olika strategier för att välja internationell marknad identifierades. 1) hagelböss-strategi som innebär mindre analys men att fler länder testas än i 2) prickskytt-strategi. De tre parametrarna 1) befolkningsmängd, 2) betalsystem och 3) psykologiskt avstånd är dominerande i en hagelböss-strategi.  I en prickskytt-strategi dominerar elva olika parametrar utöver de tre som kan studeras vid en hagelböss-strategi. Tre kostnadsdrivare identifierades som kan förklara när företag kan använda de olika strategierna, där hagelböss-strategin kan användas vid lägre internationaliseringskostnader och prickskytt-strategin när internationaliseringskostnaderna är högre. Teoretiska implikationer – Studien bidrar till att öka förståelsen kring hur internetföretag kan välja internationell marknad där mycket av tidigare forskning vidareutvecklats och andra delar bekräftats. Ett avgörande och viktigt tillägg till tidigare forskning är de i resultatet genererade strategierna som kan bidra till att internetföretag mer framgångsrikt välja kan internationell marknad. Dessutom utvecklas kunskap om vilka parametrar som kan vara centrala för hur internetföretag kan välja internationell marknad och hur dessa kan tillämpas. Praktiska implikationer - För internetföretag ökar studien förståelse för när de olika strategierna kan användas där kostnaderna för internationalisering kan avgöra vilken strategi som är fördelaktig att använda för att välja internationell marknad. Dessutom presenteras parametrar som kan studeras vid val av internationell marknad för de båda strategierna där varje företag kan basera dessa parametrar på sina egna egenskaper. / Purpose - To create an understanding of how international markets can be successfully selected for internet companies by describing and identifying approaches for selecting international markets. Method - Qualitative case study where eleven semi structured interviews were conducted on various internet companies that have previously selected international market. Results - Two different strategies for selecting international markets were identified. 1) shotgun strategy that involves less analysis but testing of more countries than 2) sniper strategy. The three parameters 1) population, 2) payment systems and 3) psychological distance are dominant in a shotgun strategy. In a sniper strategy, eleven different parameters dominate in addition to the three that can be studied when using a shotgun strategy. Three cost drivers were identified that can explain when companies can use the different strategies, where the shotgun strategy can be used when having lower internationalization costs and the sniper strategy when internationalization costs are higher. Theoretical implications - The study helps to increase the understanding of how internet companies can select an international market where much of previous research has been further developed and other parts confirmed. A crucial and important addition to previous research are the result-generated strategies that can help internet companies more successfully select international market. In addition, knowledge is extended regarding which parameters can be central to how internet companies can select international market and how these parameters can be applied. Practical implications - For internet companies, the study increases the understanding of when the different strategies can be used, where costs for internationalization can determine which strategy is beneficial to use in selecting international market. In addition, parameters that can be studied in selecting the international market for the two strategies are presented, where each company can choose among these parameters based on their own characteristics.