To complete the intelligence report and research project, I will need to leverage both tacit and explicit knowledge. My own experience living in the target market and familiarity with the product category represents tacit knowledge that can help interpret existing data and identify additional research questions. However, to develop a thorough understanding, I will need to collect explicit knowledge from various sources including industry reports, market research, trade statistics, and company financials available from Export Development Canada, the target country's trade commission, and other official sources. Comparing tacit and explicit knowledge will help ensure a well-rounded analysis and actionable recommendations to support the company's export goals.
To complete the intelligence report and research project, I will need to leverage both tacit and explicit knowledge. My own experience living in the target market and familiarity with the product category represents tacit knowledge that can help interpret existing data and identify additional research questions. However, to develop a thorough understanding, I will need to collect explicit knowledge from various sources including industry reports, market research, trade statistics, and company financials available from Export Development Canada, the target country's trade commission, and other official sources. Comparing tacit and explicit knowledge will help ensure a well-rounded analysis and actionable recommendations to support the company's export goals.
To complete the intelligence report and research project, I will need to leverage both tacit and explicit knowledge. My own experience living in the target market and familiarity with the product category represents tacit knowledge that can help interpret existing data and identify additional research questions. However, to develop a thorough understanding, I will need to collect explicit knowledge from various sources including industry reports, market research, trade statistics, and company financials available from Export Development Canada, the target country's trade commission, and other official sources. Comparing tacit and explicit knowledge will help ensure a well-rounded analysis and actionable recommendations to support the company's export goals.
Case study title: Greenhouse: From Local Startup to National Beverage Business Case study link: Company name: Greenhouse Company website: https://www.greenhouse.ca Product/service: The Greenhouse provides customers with a wide range of cold-pressed, organic beverage. 3 export markets/countries: #1 United States #2United Kingdom #3 Australia Potential buyer(s) B2C, B2B or B2G: Potential buyers for the Greenhouse products can include both B2B (retailers, distributors, etc.), B2C (Individual consumers and customers
2. Export markets/countries (2 marks)
Explain your 3 choices of export markets/countries (choose the 3 markets/countries that you know the most). The instructor will assign one market after grading this assignment. United States: The US has a diverse and large consumer market with a reliable market for healthy and organic beverages. Greenhouse can leverage its previous success in the Canadian Market to expand into the neighboring US market. United Kingdom: The UK has an increasing health conscious client base and an established market for organic products. Therefore, the Greenhouse has an opportunity to tap into the European Market. Australia: Australia has a considerable awareness for the wellness and health trends, which makes it a favorable market for cold-pressed beverages and organic drinks. Besides, the country’s proximity to the Asia-Pacific Market can offer the company a chance of potential business expansion.
3. Initial sources of information (3 marks)
What are your initial sources of information on your product/service and #1 choice of market (at least 4 using EDC, TCS, #1 foreign sources and others, plus company website and case study link, total at least 6)? List them in alphabetical order using APA format.
About exporting. (n.d.). About exporting | How to export | EDC. About Exporting.
https://www.edc.ca/en/about-exporting.html
Greenhouse Juice Co. (n.d.). Greenhouse. https://www.greenhouse.ca/
Our solutions. (n.d.). EDC solutions | Export Development Canada. Our Solutions.
https://www.edc.ca/en/solutions.html
4. Data collection (2 marks)
Using the concept of tacit and explicit knowledge, discuss how you will need to use your own experience on the product/service and market (tacit knowledge) and existing data and information (explicit knowledge) to complete the Intelligence Report and the Research Project to assist the company to export to the selected market.