Genicon: a Surgical Strike Into Emerging Markets. Essay

Genicon is a company with 10 years of experience domestic and some real international success , Genicon was flourishing in USA, but it quickly realized that it would be difficult for them to have sustainable growth, because the health care purchases medical equipment through GPOs. And as a tiny company it was so hard to obtain a contract from GPOs because their financial structure encourages them to purchase equipment from giants companies.So Genicon decided to go international and capture increasing assume there. It became sm bothest company to sell product to European markets with the assistance of BSI.Genicon was already in over 30 international markets and was looking in particular at the chop-chop emerging markets Brazil, Russia, India and China as potential new opportunities for growth.So the question facing Genicon where it should go next?I. Case key players/Contributorsa.Gary Haberland,president and founder of GENICON.b.small development team of Genicon.c.MEDICA in Germ any large tradeshows for medical devices. d.employee of British Standards Institution(BSI)e.Genicon shareholder.II. Problem Identificationa.Domestic businessi.Lack of a favorable channel in the US.ii. heights bargaining power of buyers through group purchases (GPO) . iii. High regulatory costs.b.International business.i.Sales of medical devices associated with the number of tenders which have different regulatory than US and its just for short term. ii.Due to GENCIONs limited resources it was hard to decide which country to give in, depend on 1-Regulation/ Compliance.2-Bargaining power of buyers.III. Suggestionsa.Uncertainty Avoidancei. Haberland and his company appear to be strong Uncertainty Avoidance very structure and having conservative investments.Hesitance toward new products in medical devices. ii.Should go with weak UAI and make some risky investments.and to be more flexible and adaptable to any chaos. b.Short and Long term druthersi.Almost all the contract that Haberland had with the international country are being traditional and current short term . ii.Try to find international country Long term orientation and sacrifice present for futere. IV. Recommendationa.Should go with Brazil due to international accepted Fast process, zero tariff. Easy Regulation/ Compliance.