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INTERNATIONAL JOURNAL OF BUSINESS EDUCATION AND MANAGEMENT STUDIES

International Journal of Business Education and Management Studies (IJBEMS)

Current Issue

MARKET ENTRY STRATEGIES AND THEIR EFFECT ON SALE MARGINS: A STUDY OF FOREIGN BRANDS IN NIGERIA

IJBEMS  ·  Vol 12 Issue 1 2023  ·  2023-12-05
Publication Details
Author(s)
Udongwo Iboro IBANGA, AKPAN, Uduak Udo
Article Type
Research Article
Issue
Vol 12 Issue 1 2023
Volume
12
Number
1
Pages
317-327
Publication Date
2023-12-05
Abstract
This research investigates the market entry strategies employed by foreign brands in Nigeria and their impact on sales margins. With the increasing globalization of markets, understanding how companies enter and navigate foreign markets is crucial for both scholars and practitioners. Nigeria, as a rapidly growing economy in Africa, serves as a pertinent case study for exploring the dynamics of market entry and its subsequent effects on sales performance. The study employs a mixed-methods approach, combining qualitative and quantitative analyses to gather comprehensive insights. Qualitative data is gathered through in-depth interviews with key stakeholders, including representatives from foreign brands, local distributors, and regulatory authorities. Quantitative data is obtained through surveys and financial analysis of sales margins. The study revealed that foreign brands adopt diverse market entry strategies, ranging from joint ventures and strategic partnerships to whollyowned subsidiaries. The choice of strategy often depends on the industry, the regulatory environment, and the brand's specific objectives. Establishing a strong local presence through partnerships with Nigerian companies appears to be a common and effective approach, providing valuable insights into the local market and facilitating smoother operations.
Keywords
MARKET MARKET ENTRY SALE MARGINS FOREIGN BRANDS IN NIGERIA