Explanation

Answer Example

I would follow a three-stage process. First, conduct comprehensive market research to understand consumer needs, competitive dynamics, and regulatory considerations. Second, develop a market entry strategy, such as partnerships or a phased rollout, based on the client’s risk tolerance and resources. Third, implement a risk management plan including scenario planning and contingency measures. For example, in a previous project, I helped a tech client enter the Asian market by forming a joint venture with a local player, which reduced initial investment risk and boosted market share by 25% within the first year.