Answer To: Assessment item 3 International Business Plan Value: 40% Length: 3000 Submission method options:...
Kuldeep answered on Jun 01 2021
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Executive Summary
Tindo for Australia and the world design and build advanced solar panels by Australian technology. Tindo Solar is a full Australian owned as well as operated business established in 2011, which focuses on the creation of Australian jobs by increasing product production in the advanced manufacturing sector. Tindo warrants its production and performance. Tindo panels are made for life.
Contents
Executive Summary 2
Introduction 4
Conclusions of SWOT analysis 4
Additional analysis reflecting Tindo’s further country analysis 5
Competitive strategy analysis (product/service) 6
Competitive strategy 7
Market entry option analysis and preferred option recommendation 8
International Strategy 8
Market Entry Strategies 8
Direct Exporting 8
Best strategy for Tindo Solar 9
Marketing and R&D considerations 10
Marketing strategies 10
Distribution channels 10
Recommendation for Tindo Solar 10
Relevant pricing issues and Recommendation 11
Macro/cultural issues impacting on promotion of the product/service 11
Recommendations regarding production 12
International HRM issues and considerations 13
Different ways to manage IHRM issues 13
Other methods 14
Conclusions 14
References 15
Introduction
Tindo solar boards are designed and designed in Australia. The Tindo Solar Premium solar panel in the Adelaide are famous for their superior quality and lifetime performance, with the minimum care required by all the homeowners. This Kaurna is a word of Aboriginal language which is the language of indigenous people at the Adelaide Maidan, which is our solar panel production plant.
Conclusions of SWOT analysis
The company's main strength will be distinctive design of the solar panel. As mention above, present solar panel of the Tindo Solar are specially designed in accordance with the Australian environment and specifications of country. Nevertheless, solar system in India will be specially designed for the weather conditions in every state, which means that it will be specially customized and unique. The biggest drawback is the price. Therefore, this product starts in Australia for $ 2000, which is tremendously tough in India. One of the main reasons for choosing solar panels is the fact that generating electricity in their homes is the cheapest method and there is no such need for many connections. But, if organization is not capable to offer product at the competitive prices, then the customer may not be able to buy it. India's solar market is a continuous trend of growth. The 20 GW capacities for 2022 were started by the Indian government, which was completed four years before the schedule. With the introduction of 3 GW solar capacities in the 2015-2016, with 5 GW in 2016-2017 and 10 GW in 2017-2018, solar current price drops by 18% below standard price of current coal prices. . Other risks will be other businesses. There are the lots of reputable companies like Tata companies who have made significant investments in solar market moreover have increased it. They have an solar panel that are always available in India. Tata is one of the largest groups in the country, and the biggest threat is because of the potential to remove the Tindo solar market. This will increase the rivals. It seems that the innovation is needed when the Indian solar market is constantly growing, which means that the company also has to face significant challenges in terms of innovation.
Additional analysis reflecting Tindo’s further country analysis
India has tremendous potential for the solar power generations, which can effectively generate large amounts of the solar energy. In order to implement large scale solar power projects, the Government of India is taking creative steps and is ready to address itself as the world's leading solar product manufacturers. Throughout the various stimulus schemes, government is making efforts to increase demand or investment in this sector (Awan, 2014).
In our newest research report, "Indian Solar Energy Market Analysis", country's installed ability has increased tremendously for last few decades. Increase in demand for electricity, high radiation stages, and favourable government guidelines moreover large investment support the growth of solar business. The yearly PV installed ability is expected to reach 1,000 MW by 2016. According to our findings, a variety of state governments in the country are focus on the ability to install solar power. Solar photovoltaic system is being established in a few states like (UP) Uttar Pradesh and home lighting as well as street lights. Some of the major states of the country have come forward to explain the solar power generation and the approval of solar projects. Moreover, the solar energy rates have declined in India for the last few years. With the decrease in model prices or improvements in the capacity utilization, India's solar power tariff has reduced from $ 15 to $ 2.44 / quill in 2009 to $ 2017. Online bids were made for the 750 MW solar power park, along with Viable Benefits Fund (VGF) from Solar Power Corporation Ltd., Bhadla, near Jodhpur. In the last three months, Rewa, Madhya Pradesh and Kadapa are available at rates of 3.25 / kWh (level) and 3.15 / kwh respectively in Andhra Pradesh, respectively. However, continuous falling solar energy prices have encouraged a good investment in this sector, but have expressed concern about the long-term sustainability of the projects.
Competitive strategy analysis (product/service)
The improvement in the manufacturing technology has reduced the cost of the Solar System, which has reduced the generation of solar energy. Solar power has increased in the energy mix of the country due to the reduction in solar power costs with the government's policy.
In the order to promote the solar energy generation in country, the Indian government has announced a rapid depreciation, capital subsidy, renewable energy certification (REC), net metering incentives, assurance power purchase agreement etc. Various policies and regulations have been announced. Government intends to reduce capital expenditure in solar power plants and subsidize power generation to make stakeholders participating in solar power business economically viable. India's manufacturing policy has given approval for solar generation like "strategically important industry". The local industry gained technical expertise and became competitive in the global market. Local companies have now become exporters. Competitive research or competitive intelligence is a strategic research area that is capable of collecting and analyzing information about competing companies (Chen & Chiu, 2014). It is an important strategy to discover what types of Tindo solar competitors are doing and what type of threat they are facing for their financial health. Tindo Solar has such dangerous rivals that he cannot stand; Even if Tindo Solar uses his ideas and takes it to our potential customers, it still does not matter. Tindo Solar is a local, national or international company that may distract some person from Tindo’s...