What decisions is to be made (consider smallest of
decision) and what information will assist in making
the decision? -To expand company's international markets
--To what extent company's manufacturing plant complies with requirements of the country's regulations. --Secondary research related to the exports of pharma industry.
What is going to be your strategy to collect data?
(Please mention specific strategy for each area where you require market research)(Refer Table A from article for your reference) --Expanding horizons by taking recommendations from colleagues of other companies/countries. --Studying Demographic profiles of regions giving higher profits --By doing research on Zauba.com Website, which is a platform that helps businesses reduce risks involved in import & export trade. --Studying Ministry of Health of every country. --To search for the markets complying with the standards of WHO-GMP certification. --To study the ongoing demand of drugs in a particular country that are available with the company. --Secondary research on different agencies and distributors who can help in establishing connection.
What are your hypothesis/ assumptions from the above
stated problems? Assumptions from above strategy:- --If Company is able to pass the stringent inspections test of countries like Tanzania,Ethiopia,South Africa,Zimbabwe, then other neighbouring countries like Uganda and other african nations inspections will be easily cleared for doing business. --When we study the ongoing demand of the drugs in the specific country, we assume that those particular drugs incurred profits. --Assuming the recommendations provided by colleagues of other companies is correct, we try and build connections to the contacts provided by them.