Want to make I answered the professors feedback. help improve the readability, clarity, and tone to the answered feedback. Use sources already used if can. Below is the feedback: In Project 5, you were to identify a medical device that the company can use to expand into your selected country and decide to relocate one or more activities from MediCorps value chain in the United States to your selected country. You were then to devise a marketing strategy, develop financial projections, and create a strategy implementation plan for the company to craft an international business plan to market the new product in your selected country. Your final international business plan should include key findings from your marketing strategy (Steps 12) and financial projections and strategy implementation (Steps 34). It should also include an executive summary. Below are my comments on your final Project 5 report: Your executive summary, p. 3, suggests that MediCorp should enter Brazilian $4.7 billion market for medical devices through a General Partnership with ADAVIUM Medical. Since the focus is on hospital beds, NAICS code 423450, the size of the target market in USD should be for hospital beds rather than for the total market for medical devices. The forecast of the Brazilian health care equipment & supplies market at $70,226.5 million in 2023 needs explanation as this is almost 15 times your figure of the medical devices market in Brazil. Under Market Strategy, p.8, you mention that the company will follow local niche cost leader. The strategy and your 3-year forecast should be mentioned in the executive summary. This is because the purpose of the executive summary is to present the essential issues and recommendations. It may be the only page of your report that gets read by top management. The Final Report Template of Project 5 in step 5 asks you to start your executive summary as follows: Business Plan for [selected client organization] to enter [selected country] $(size of market in US Dollars) market for [product/service] through a [type of legal structure] with [selected alliance partner]. The statement that Brazilian demand for medical equipment has grown at the fastest pace in the past decade , p. 7, should be supported with numerical data. Under Customers in Brazil, pp. 5-8, it is mentioned that To promote Hot Bed, the device will feature adjustable side rails, their heights are automatically adjustable including the feet and head and have electronic buttons that are easy to operate both on the equipment and other electronic devices. Given the advanced features and high-end technology in MediCorps Automated Hospital Beds, how does this tie up with MediCorps chosen strategy of local niche cost leader in Brazil? You have mentioned MediCorp’s main competitors in Brazil as St. Jude Medical Inc., Siemens AG, Koninklijke Philips Electronics NV. Your proposal tat MediCorps will price the product at $85 for standard automated hospital beds and $150 for high end and more advanced automated hospital beds, p. 8, should be compared with their competitors prices. The prices suggested in your paper are too low for an automated hospital bed with the high-end features. For comparison, you may like to examine the price of a similar hospital bed in the US. The market forecast for hospital beds in Brazil should be prepared before deciding on MediCorps share of the market. Under market strategy, it is stated that the forecasted total number of units sold is based on 4000 hospitals within Brazil. You mention that In 2021, the Brazilian health care equipment & supplies market is forecast to have a value of $7.7 million. Since the focus is on hospital beds, the data should relate to the market for hospital beds. Your 3-year forecast states that the plan for MediCorp is to sell 100,000 devices in year 1, forecasted average unit price sold of $110 which will equate to $11 million in year 1, 200,000 units in year 2 ($22 million), and 250,000 units in year 3. ($27.5 million). These numbers should be derived from your estimate of the current demand of the hospital beds and annual growth rate over next 3 years in Brazil and the entry price of MediCorps Hot Bed based on competitors prices and MediCorps marketing strategy. The revenue projections for MediCorps hot bed for year 1, 2, and 3 would be (no. of units sold x price per unit). Break-even analysis is not part of the project. Discussion on the international cultural issues merits more discussion. The statement that MediCorp will also be mindful of the colors used in correlation with the product, as colors such as black or green have a negative impact on Brazilians. Thus, it is best for the company to understand the culture and align as best as possible for new entry is too general. The discussion can be enhanced using the Hofstedes six cultural dimensions for Brazil and how they would play out in your marketing plans in Brazil. In recommending the general partnership mode of entry into Brazil, it would be useful to mention if the proposed partnership would be minority, equal, or majority and why? Discussion on Strategy Implementation should include targets for the four perspectives of the balanced scorecard: learning and growth perspective, business process perspective, customer perspective, and financial perspective.
Why Choose Us
Top Writers4me provides the best top-grade academic writing services in compliance with our customers’ instructions. Have your paper written by a certified professional online college homework help writer to produce only high-quality essays with zero plagiarism.
Professional Academic Writers
You can now choose from a pool of online college homework help writers. Choose your writer and have them write the best content for you.Top Writers4me has, over the years, secured a team of the most reliable, experienced, and qualified writers. You can, therefore, trust that your assignment is in good hands.
We know that students have very limited budgets. And for that, we always strive to provide only the best, most affordable online college homework help services to our customers. Our goal is to provide top-quality assignment help services to all customers at the lowest, most affordable prices.
At Topwriters4me.com, we pay strict attention to deadlines. We recommend you to check out clients’ reviews for assurance that we will complete your assignments within the set deadlines. You can, therefore, trust that your paper will be done within and before the set deadline. Until now, we have not missed a single deadline.
Our Topwriters4me.com homework helper experts write only 100% original and plagiarism-free content for all of our clients. We also have a Quality Assurance Department team that goes through all work submitted by our writers multiple times. You can, therefore, rest assured that any signs of plagiarized or unoriginal content will be rejected before it reaches your portal.
Customer Support 24/7
Topwriters4me.com expert writers are always available 24/7 for customers who need assistance with using our website. You don’t have to check your watch the next time you want to have your assignment written. Our customer support is always available round the clock and ready to listen to your queries. Feel free to contact us via the Chat window or support email: email@example.com.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
For years now, Topwriters4me.com has stood as a leader in providing its customers with the best online college homework help service in the industry. And all you have to do is provide us with the details of your order. Leave everything else to us. We’ve always got you covered.
Since we launched, Topwriters4me.com deserved the best online “college homework help status” thanks to our essay ordering, writing, and delivery process. We deliver nothing but excellence in our results. Our essay writing services include impeccable grammar, zero-plagiarism, proper structure, and conformance to guidelines.
Admission and Business Papers
Our top-quality online college homework help services guarantee that you will be accepted into your desired university. You just need to fill out your admission and business papers, and our team of online homework help workers will handle the rest. We will help you achieve and secure the best positions in your admissions forms.
Editing and Proofreading
At Topwriters4me.com, we have a skilled writing and editing team that’s dedicated to creating, editing, and restructuring for all types of papers. Our online college homework help editing and proofreading team will check, paraphrase, and correct any grammar mistakes on your paper before submitting the final document to you.
At Topwriters4me.com, we pride ourselves in having writers in almost all fields, even the most technical ones. You never have to worry about your paper being too technical for our certified online college homework help writers to handle. Mycoursewriter's team of writers can handle even the most complex writers. We will match your paper to the most competent writer that we believe will handle your paper the best way possible.