I would like to propose my company (Airbnb) to penetrate to another country by piloting in...

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Finance

I would like to propose my company (Airbnb) to penetrate toanother country by piloting in Istanbul,Turkey.

Potential Competitors

Identify companies that:

  • have business activities similar (or related) to the businessopportunity you are proposing; and
  • operate in the country that you are considering for yourinternational business enterprise.

Competitive Advantages

Discuss the competitive advantages of these companies. (Forexample, some companies may gain a competitive advantage as aresult of access to raw materials, others may gain an advantagethrough the use of technology for production and distribution or asa result of a well-known brand name.)

Based on the country (or countries) you are analyzing for yourglobal business enterprise, research information related to thefollowing areas:

Government and Politics

Describe the type of government and recent politicaldevelopments that could influence the economic and businessenvironment of the country. (For example, various events in recentyears in the Middle East have contributed to uncertainty when doingbusiness with some countries.)

Formal Trade Barriers

Identify formal trade barriers (tariffs and other taxes, foreignexchange controls, ownership restrictions) that might require acompany to adapt its business strategy.

Intellectual Property

Discuss the country’s regulations to protect intellectualproperty, such as brand names, copyrights, patents, software,music, videos. (Some countries do not enforce these laws resultingin the pirating of products and lost profits for companies.)

Answer & Explanation Solved by verified expert
3.6 Ratings (314 Votes)
Potential Competitors Lodging industry in Istanbul is quite extensive given it is a popular tourist destination Below could be your top 5 competitors homestaycom hshsislicom bookingcom hotelistanbulnet makemytripcom Competitive Advantages of these competitors If we look at the competitive advantages of these companies as against a new entrant to the market we have to categorize the competitors as global service providers and local service providers Global service providers such as bookingcom makemytripcom homestaycom have huge network and tieups with international hotel brands and Istanbul being the capital city and a major tourist destination has a list of international hotels    See Answer
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