This study is to demonstrate the export readiness of Nutworks an Australia organization in Japan. This is the export planning report that demonstrates the internal as well as external factor that of the organization. It also highlights the export planning strategies in order to export the organization products in Japan. At the end of the study, a justifiable conclusion is provided which demonstrate all the findings.
Table of Contents
Internal Business Analysis
External environmental analysis
Export planning strategies and considerations
The aim of the study is to demonstrate the export readiness of Nutworks an Australia organization in Japan. The organization delivers the best quality of macadamia nut in shell, kernel, flavour nut etc. This study will demonstrate the internal business analysis which demonstrates the competitive advantage and suitable and adequate resources present in the organisation. The study also highlights the objective and target demographic of this organisation (Mayer, 2019). Apart from this study will also demonstrate the external market analysis of Japan. Nutworks wants to expand its business in Japan because the present market of Japan for this product is very demanding. Apart from this, the study will also demonstrate the external market of Japan and pest analysis conducted.
The political social economical technological legal and environmental factors are determined in the industry. The studies also demonstrate the growth of this industry in Japan. The major competitors of this company will be included in the report. This study also includes the export strategies of the company to expand business in Japan. These export strategies include the market entry, pricing strategy, payment strategies, good classification etc. However, this study will also include the regulatory requirements such as the fourth standard labelling requirements, measuring requirements etc.
Nutworks is one of the proudest suppliers of macadamia in nutshell, flavonoid products etc. The organisation delivers a large range of products domestically and now the organisation wants to expand its business in Japan. Due to the innovative and excellent product delivered by the organisation network has become one of the leading exporters of the macadamia tourism market in the Australian region (Leeman, 2018). The vision of the organisation is to be the leading supplier of macadamia in Australia. The organisation has a large working force which helps the organisation to prepare high-quality products for the customers. As per the target, demographic the organisation invests significant resources in advertising as well as marketing the product of the organisation.
The organisation invested a large number of resources in order to engage with customers on online platforms. The organisation targets all age groups audience in order to deliver an organisation product. The organisation has clear objective and effective strategies in order to accomplish all the predefined goals of the organisation. Each of the organisation attributes contributed to domestic success (Colas-Roy & Bouillon, 2019). The organisation wants to export its product to Japan then additional strategies need to be implemented by the organisation that can reinforce export readiness of the organisation.
The network is one of the leading suppliers of macadamia nuts in Australia. The organisation is located in Yandina on Queensland Sunshine Coast. The organisation is recognised due to its commitment to quality and innovation in the products full stop there are a large variety of products offered by the organisation with unique range (Dana, Grandinetti & Mason, 2016). The organisation is also available in an online shop where all the products with high quality are delivered by the organisation. The organisation creates a different range of products so that the needs and requirement of the customers are fulfilled. The organisation distributes the product domestically and now it is looking to export business in Japan where the demand for the products is high.
The organisation has gained immense recognition and trust among the customers from the last 26 years. The organisation sells its products in various supermarkets chains such as Woolworth, Coals and various independent grocers. All these products always remain in demand among the customers (Xie & Zheng, 2019). Apart from this for the organisation to easily maintain a partnership with stakeholders and accomplish all the predefined goals of the organisation. Presently the organisation has various partners which help them to distribute their products to a large range audience. The organisation has an excellent online presence which helps them to generate last revenues.
The weakness that is present in the organisation is the improper interaction between the organisation and the customers. The organisation needs to enhance its relationship with the customers’ online platforms. It helps the organisation to know the needs and demands of the customer. The organisation is working from very long time therefore traditional methods has been the priority of the organisation. If an organisation need to expand their business in other countries then several changes need to be done as per the market requirement. The present market needs and requirement are different due to the changing trends in the market.
The organisation is well known for the products that are innovative as well as delicious. The organisation can add various products to the menu as per the needs and demand of the customer. The organisation can easily expand its business in various countries due to the managed resources of the organisation. The organisation products can sell products in other countries as their products will be acceptable from customers (Chan, Tabrani & Fitri, 2019). In the present era of globalisation, the organisation is always keeping up their strategies as per the trends. It is very easy for the organisation to expand business in other countries as well.
The biggest threat for the organisation is the increased competition in macadamias industry. Due to globalisation, it is very easy for various small scale enterprises to expand their business online platforms and generate a large number of revenue. This is very difficult for the organisation to manage the increase in competition and keep their strategies updated. The other threat to the organisation is the increasing demand for skilled labour. In order to produce a large number of products with innovation and quality, skilled labours are required. The next threat to the organisation is the availability of raw materials when the organisation expands its business in other countries.
The organisation wants to expand its business in Japan therefore various steps should be undertaken by the organisation in order to expand its business in Japan. The external environment analysis comprises of target country target country and target industry of Japan.
Organisation target country is Japan in order to export its products in other countries. Japan is one of the leading countries in terms of business development. The present market in Japan is highly equipped and developed. It is one of the countries which exports a large number of products to other countries. A large amount of revenue was generated by exporting products. The GDP of Japan grew up 2.7% in the year 2019 as compared to previous years. Japan acquired the third position in the ranking of GDP among 196 countries. Japan is an overpopulated country and various steps taken by the country to provide the necessary needs to the people of Japan (Mayer, Chandra & Burnett, 2019). There are various Super Stores in Japan which provide a large number of products to the customers’ at the most appropriate rate. In terms of infrastructure,
Japan is highly developed and has supportive business operations. Japan is one of the highly developed countries and the business market is well recognised in other countries. In terms of culture, people have different choices as compared to Australia. The organisation needs to be very careful in order to maintain the cross-cultural business communication. However, people are highly encouraged in order to do their own business in Japan. The demand for macadamia market in Japan is very high. Therefore Nutworks have a high opportunity to expand its business in this country. The organisational export products and generate large venue. The main aim of the organisation is to export the product rather than setting up industry in Japan.
Nutworks will target the macadamia industry of Japan. The demand for this industry is immensely increasing. Australia export large quantity of macadamia products to Japan and its rates will be increased in upcoming years. The industry has used the potential to generate large values from Japan. It gives a large competitive advantage to another country. The competition is quickly high as most of the products from Australia is exported to Japan. The competition will be increased due to increment in export rates to Japan. The major threat for the organisation is the new entries and the substitute present in the market.
Japan will have a large range of options in order to select a particular brand to import the products. The biggest competitors of the organisation are the Hongtai food company which delivers a large range of products domestically as well as International (Mulo, Bignall, Jenkins, Slaughter & Bright, 2018). Apart from this, different aspects need to be understood by the organisation. Firstly, the organisation needs to understand the present market of the industry in Japan and customer needs. The needs and choices of the customer will be entirely different from Australia. The organisation needs research the market and then supply a present any product in front of customers of Japan.
This section will demonstrate the applicability of Victorian governments export readiness and planning checklist that will give relevant consideration to Nutworks before commencing export to Japan. Include the export strategies market entry choices free trade agreements. This will also propose export implementation schedule.
As per the present situation, Australia is already exporting a large number of products to Japan therefore chances of success in for the organization is high. It will help the organisation to products and grow their brand and share market place. The organisation will utilise the direct exporting method without having any intermediate in between. There are various advantages of direct exporting as there is no intermediate agent is involves which need additional payment to deliver the products. The organisation also makes their prices very reasonable and control branding and marketing (Taylor, Grass, Alberts, Joubert & Tscharntke, 2018). The direct exporting method helps to understand buyer behaviour as well as consumer behaviour. This will also help to identify the new opportunities in the market.
The pricing strategies of the organisation will align with the average retail price of the country. However the increase in competition and thread on the industry impact on the buying behaviour of the customers. The organisation needs to be very different from their products when coming into the market. That organisation should adopt this to deliver the product at a lower price to Grab the market full stop all the second option that organisation can acquire is to deliver the premium products so that a particular segment of audience will be targeted.
Payment Strategy adopted by the organisation is the request payment letter of credit for the first two years of shipment. The free trade agreement of Japan state Australia has accomplished as trade agreement respect to the market essays for certain agricultural and industrial goods. This will help the organisation to export its products to Japan without much complication. The organisation will maintain all the food standards as per the Japan food standards regulation. The packaging of the products will comply with the competition and consumer act 2010 (Weier, Grass, Linden, Tscharntke & Taylor, 2018). However, if these factors do not compare commencing by the organisation then it will lead to a disastrous effect on the company success and growth.
It is concluded from the study that Nutworks is one of the proudest suppliers of macadamia in nutshell, flavonoid products etc. The organisation delivers a large range of products domestically and now the organisation wants to expand its business in Japan. Due to the innovative and excellent product delivered by the organisation network has become one of the leading exporters of the macadamia tourism market in the Australian region. Organisation target country is Japan in order to export its products in other countries. Japan is one of the leading countries in terms of business development. The present market in Japan is highly equipped and developed. It is one of the countries which exports a large number of products to other countries. The competition is quickly high as most of the products from Australia is exported to Japan. The competition will be increased due to increment in export rates to Japan. The major threat for the organisation is the new entries and the substitute present in the market. Japan will have a large range of options in order to select a particular brand to import the products.
Chan, S., Tabrani, M., & Fitri, F. A. (2019, January). Maintaining the Quality of Aceh Tuna Loin for Japan Export Market. In 1st Aceh Global Conference (AGC 2018). Atlantis Press.
Colas-Roy, J. C., & Bouillon, C. (2019). Information report by the Commission for sustainable development and land planning in the application of article 145-7 of the Regulation on the application of law nr 2017-1839 of the 30 December 2017 putting an end to the search for and exploitation of hydrocarbons, and bearing various arrangements related to energy and the environment. National Assembly Nr 1871.
Dana, L. P., Grandinetti, R., & Mason, M. C. (2016). International entrepreneurship, export planning and export performance: evidence from a sample of winemaking SMEs. International Journal of Entrepreneurship and Small Business, 29(4), 602-626.
Leeman, J. (2018). Export Planning: A 10-step approach--. Bod–Books on Demand.
Mayer, D. (2019). Macadamia Crop Forecasting 2015‐2018.
Mayer, D. G., Chandra, K. A., & Burnett, J. R. (2019). Improved crop forecasts for the Australian macadamia industry from ensemble models. Agricultural systems, 173, 519-523.
Mulo, S., Bignall, G., Jenkins, I., Slaughter, G., & Bright, J. (2018). Macadamia industry benchmark report: 2009 to 2016 seasons, Project MC15005.
Taylor, P. J., Grass, I., Alberts, A. J., Joubert, E., & Tscharntke, T. (2018). The economic value of bat predation services–a review and new estimates from macadamia orchards. Ecosystem Services, 30, 372-381.
Weier, S. M., Grass, I., Linden, V. M., Tscharntke, T., & Taylor, P. J. (2018). Natural vegetation and bug abundance promote insectivorous bat activity in macadamia orchards, South Africa. Biological Conservation, 226, 16-23.
Xie, G., & Zheng, S. (2019). A Comparative Analysis on Export Complexity and Export Technology Structure of Mechanical and Electrical Products between China, Japan and Korea. Modern Economy, 10(09), 2120.
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