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2 questions to be answered

Student’s Name: Professor: Course: Date: Exports and Business Management 1. The export business can be challenging but when handled with utmost regard for professionalism and business acumen success will achieved. It is not easy doing the exports business but with the right mindset and action plan business will be booming in good time. Several steps should be taken to ensure efficacy in an export business. Notably researching your market is fundamental to your success. Management should look at the dynamics of the target market for maximal gain. Things like culture matter much to a particular markets. Ensure that what is being exported is morally and culturally acceptable there. For instance you cannot export pork and its products to a Muslim country. Understand the competition in that market and the best ways to penetrate the market. Pricing and product activations can propel export amounts to profitable levels. Prices should be operations. Sometimes people think managing an individual dream is the way to freedom. Committing a lot of time than one expected is a huge cause of stress and health complications for individual businesses. Marriott will be forced to work long hours and during the night to ensure the company grows with speed realizing this is not easy and can lead to health complication as aforesaid. Lastly inconsistency might ail Marriott and this needs finessing one’s skills and in no time one is able to do the basic things that need a business to grow. However this comes with experience discipline and patience. Summarily Marriott should take the option of managing her owned hotels and ensure she grows herself daily. Works Cited Delaney Laurel. Steps to Successful Exporting. London: Chamber International 2017. Document. Haiar Nicole. The Pros and Cons of Owning a Business. New York: Wiley & Sons 2016. Document.
1. Identify the various steps management must take to establish a successful export strategy. Explain the importance of each step in your opinion.

Your response should be at least 400 words in length.

2. Explain the advantages and disadvantages for Marriott to own and operate hotels versus using a management contract to operate hotels?

Your response should be at least 400 words in length.

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