Essay
MNB3702 ASSIGNMENT 2 SEMESTER 1 2024
MNB3702 ASSIGNMENT 2 SEMESTER 1 2024
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
Content preview
PASSMATE TUTORIALS passmatetutorials@gmail.comDISCLAIMER: THIS IS NOT AN OFFICIAL GUIDE FROM UNISA. THE REPORT IS
NOT PREPARED NOR APPROVED BY UNISA, RATHER REPRESENTS A
POSSIBLE SOLUTION TO THE TASK CONSISTENT WITH THEORY OF
MNB3702. THIS REPORT IS INTENDED TO ASSIST STUDENTS IN GETTING
STARTED WITH THEIR ASSIGNMENT, AND IN NO CASE THIS DOCUMENT
SHOULD BE USED FOR CHEATING. WE BELIEVE THIS WILL BE A GOOD
STARTING POINT AS IT WAS PREPARED BY OUR TEAM OF PROFESSIONAL
PRIVATE TUTORS WHO ARE EXPERTS IN THE FIELD, AND IT WAS PREPARED
USING VARIOUS SOURCES. ANY SIMILARITY WITH ANY EXISTING THEORY
OR DISCUSSION BY OTHER AUTHORS IS EXCUSED. THE AUTHORS
HOWEVER DO NOT CLAIM MONOPOLY TO KNOWLEDGE HENCE
MODIFICATION OF THE ANSWERS CONTAINED IN THIS FRAMEWORK MAY
NOT BE PROHIBITED AS IT CONTRIBUTES TO EXPANSION OF KNOWLEDGE.
FOR ANY FURTHER GUIDELINE ABOUT THE INFORMATION CONTAINED
HERE AND THE MODULE IN GENERAL, CONTACT PASSMATE TUTORIALS.
WE ASSIST WITH OTHER MODULES INCLUDING:
ECSs, FACs, MACs, MNGs, INTs, TRLs, HMEMS, PRMs, PROs, MNBs, DSC, QMI,
MNMs, MNO, MNPs, FIN, PUBs, MNMs, RESEARCH among others.
WE OFFER CLASSES, ASSIGNMENT GUIDELINES, EXAMINATION
PREPARATION, RESEARCH AND RESEARCH PROPOSALS, DISSERTATION
EDITING etc.
OTHER THAN UNISA, WE ALSO ASSIST STUDENTS AT VARIOUS
INSTITUTIONS INCLUDING MANCOSA, REGENT, REGEYNESES, BOSTON,
STADIO, OLG, UJ, UP etc
For any enquiries the following numbers can be used for calling, sms, whatsapp and
telegram
CONTACT PASSMATE TUTORIALS @061 262 1185/068 053
8213/0717 513 144 or email passmatetutorials@gmail.com
PASSMATE TUTORIALS 0612621185/ 0717513144/ 068 053 8213
1|Page
,PASSMATE TUTORIALS passmatetutorials@gmail.com
Contents
Introduction ................................................................................................................ 3
Motivation for Farox Technologies International expansion ................................. 3
Strategic objectives.............................................................................................. 4
South Africa will have a competitive edge as a market ........................................ 4
Selecting a country .............................................................................................. 5
Importance of Timing ........................................................................................... 5
Entry mode .......................................................................................................... 6
Conclusion ................................................................................................................. 6
References ................................................................................................................. 8
2
, PASSMATE TUTORIALS passmatetutorials@gmail.com
Introduction
The main aim of this essay will be to concentrate on the company's trading activities
in African marketplaces, specifically South Africa. Farox Technology will be used as
an exemplary company to discuss and analyse in this case study. The company is a
significant participant in the telecommunications (technological) industry because it
sells a broad range of technological assets. Farox Technologies (FT) is an Indian
company that wants to expand into South Africa and other countries around the
globe. To put it another way, Farox Technologies will be headquartered in South
Africa (host country), while the business was founded in India (home country). FT is
a retailer of technological gadgets that specializes in a wide range of products such
as laptops, security cameras, and vehicle tracking devices, all of which are up to
date with the latest technological advancements around the world. Its core values
are founded on the quality and cost of the products it sells, which it achieves through
a variety of market penetration strategies. The industry in which FT operates, as well
as the competitive advantages it enjoys as a result of expanding into foreign
markets, will be discussed throughout the course of this research. Furthermore, the
essay will discuss the elements that led FT to choose South Africa over any other
African country such as Mozambique and Zimbabwe. Moreso, the FT entry method
will be broken down and demonstrated with real-world examples before the
discussion concludes with a conclusion.
Motivation for Farox Technologies International expansion
Farox Trading, as a retailer of different technological devices, is located in the
economy's telecommunications sector. FT discovered opportunities in the African
market, taking into consideration the ongoing globalization of production and
markets. The global desire for technological products such as security systems and
laptop computers is increasing according to Anwar (2018). Emerging countries, such
as South Africa, offer exceptional opportunities because their economies are still
growing (Hovering, 2017). During the phase of its foreign market expansion, Farox
Technologies established a number of goals that it aimed to achieve both in the short
and long run.
3
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller passmatetutorials. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R100,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
80364 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now