Question

2. Select a competitive industry from one of the following emerging markets: Brazil, Chile, Colombia, Czech Republic, Egypt, Greece, Hungary, Indonesia, Malaysia, Mexico, Morocco, Qatar, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Turkey or the United Arab Emirates. Give an industry snapshot describing the competitive natures, including the difficulty of foreign businesses to enter. A) Select a corporation from any European Union country operating in the same industry that has a successful shot at entering that market via acquisition, venture or standard international expansion.

Answer 1

The telecommunications industry in South Africa serves as an example of a competitive industry where EU firms may enter through acquisitions, joint ventures, or direct expansion, bearing in mind the intricate local regulatory and competitive landscape.

Step-by-step explanation:

As the global economy becomes increasingly interconnected, high-income countries like those in the European Union (EU) are exploring opportunities within emerging markets. A country of interest, for example, could be South Africa, which has a competitive telecommunications industry. This industry is marked by significant competition among providers, rapid technological advancement, and regulatory constraints that pose challenges for foreign companies looking to enter the market.

An EU corporation that could have a successful shot at entering the South African telecommunications market could do so through an acquisition, joint venture, or standard international expansion. A strategy for entry could involve partnering with a local firm to navigate regulations, acquiring a smaller player to gain market share immediately, or organically expanding by establishing a local presence and scaling over time. Sufficient capital, an understanding of local consumer behavior, and compliance with South African regulatory frameworks are fundamental for success in this highly competitive industry.