An IT sector multinational wants to expand its business into more countries. Suggest a strategy. This was the question given in the VC round by the Partner. It was followed by a lot of numerical and qualitative data about competition, customers and other aspects of the market?

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To expand into more countries, the IT sector multinational can adopt a market entry strategy that includes market research, partnerships, localization, and scalability.

Conduct thorough market research to identify potential countries for expansion
Establish strategic partnerships with local companies to leverage their knowledge and networks
Adapt products and services to meet the specific needs and preferences of each target market
Ensure scalability of operations to handle the increased demand and growth
Consider factors like competition, regulatory environment, cultural differences, and customer behavior
Examples: Setting up joint ventures with local IT companies, acquiring smaller competitors in target markets, hiring local talent for better market understanding

An IT sector multinational wants to expand its business into more countries. Suggest a strategy. This was the question given in the VC round by the Partner. It was followed by a lot of numerical and qualitative data about competition, customers and other aspects of the market?

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