1)What cultural factors must U.S. sports franchises overcome to increase popularity abroad? Why?
We know that sports are very important to play a great role for nation's popularity.And sports are very important part of the culture of the United States. When planning to expend a U.S franchise overseas, you must think of the factors of local cultures. When we think manage to sports as a international label we must understand the cultural differences of their countries. Culture can include social structures, religion, manners and customs, values and attitudes, language, and personal communication.
Whenever you got historical knowledge of American sports, American teams were comprised ...view middle of the document...
As we discussed there are many things which affect the environment of sports which are cultures, manners, customs, values, language, attitudes, and personal communication of these countries.Thus franchise can understand that whether the products are suitable for international markets.With this measurement they can take step and can make plans
2)How can franchises ensure their products are appropriate for international markets?
This is the important discussion for franchises because the markets places are being more competitive day by day.Time is changed and demand and supplies are effected to the same way almost in the world but there may be some differences.There are several steps which must be taken to ensure international franchising is the right growth model for us. We need to research the market to validate that there is a demand for the product or service in the target country. Just because our brand and product/service offering is a success in your home market, does not guarantee it will be well received or in demand in other countries.
The world is gone in one way of technology.peoples are getting every benefit of new technologies.Peoples traveling to all over the world and trying to understand their culture.If i say to ensure to any products for markets is to make a successful demand in local markets.If we get success in our local markets with our products,where there are people from different countries with different desires.Thus we can establish our products as a brand products.These localized popularity makes big effect to the international markets.This is the general and common thinking which is experienced by everyone.We can simply understand that ninety five percent of the whole population of the world is living outside of the America.From this we can simply understand that there are more consumers and more possibility to consumption of our products.
This is very important thing for franchises that whether the product is fit for the foreign markets or not.We can understand and can be conformed by evaluating the prices,because prices are always effect the demand of the goods.Therefore we should be able to fix prices with their market capacity.We need to know about the competitors because it is the main factor which effect the whole business.The strategy should go with every step
where we need to know that our products are competitive to that markets after all the taxes and tariffs.These many things can effect the business.Including all these things,there need to know the per capita income...