I want to export but where to? A proposed method for selecting international markets
DOI:
10.14211/regepe.e1945Keywords:
Selection of international markets, International market segmentation, internationalization of companiesAbstract
Objective: to develop a suitable method for selecting international markets in order to meet firms’ needs. Methodology/approach: this is a technological paper, which has established a target market in Africa, with great potential for attractiveness and accessibility. Therefore, the ranking method, preceded by a cut-off line (clustering) of countries that did not meet minimum requirements, was applied through the decision matrix tool. Main results: the market selection started with the definition of the African continent and the 49 clustered countries, and then the unattractive ones were excluded, resulting in South Africa, Angola, Algeria, Egypt and Morocco. After applying ranking, Angola was the target market chosen for export. Theoretical/methodological contributions: the contribution is made through the use of a blend of methods – clustering and ranking – to select the target market, according to objective criteria. Relevance/originality: in view of the existing international market selection models, the proposed method stands as an improvement, as it brings two differentials – clustering as a cut-off line and the decision matrix as a tool for ranking countries. Managerial contributions: the indication of a simple and accessible method, capable of contemplating the specificity of attractiveness and accessibility of a given product, with the selection of international markets based on objective and not merely intuitive criteria, in order to increase its assertiveness.
JEL CODE: M16
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