Breaking into New Markets: Strategies for International Market Expansion
Introduction McDonald's is a classic example of strategic expansion in international market . When the brand entered the Chinese market in 1990, the challenges it encountered were humongous. Adapting to the local Chinese tastes and navigating a different business environment wasn’t a cakewalk at all. However, through strategic partnerships, customizing tantalising menus for local tastebuds (with items like the McHotdog and Prosperity Burger), and steering clear of the cultural nuances, McDonald's managed to thrive as a successful business in China. Strategies for Expansion into International Markets So, how is India acing the race as one of the fastest-growing economies in the world? The world is now witnessing a sizzling competition. Indian businesses have become the game-changers turning up the heat and setting the global stage ablaze with their fiery imports and exports. The global market space is a pulsating arena where Indian enterprises, importers and exporters , br