business Proposal - Home Depot - 918 Words

Home Depot Student Name Course Date Instructor Name Home Depot Home Depot opened its first home improvement store in Atlanta Georgia in 1978. The company developed a tactical product analysis providing an assortment of products and services to customers. The products Home Depot offers focus on contractors and the do-it-yourself customers, as well as free how to clinics and workshops for children allowing them to build an item onsite in the store. Home Depot has grown into an internationally recognized specialty merchant that markets and delivers 40,000 different building materials, lawn and garden products, home improvement supplies, appliances, and more than 250,000 other products that can be especially ordered (Unknown,†¦show more content†¦Transportation conditions include a routing guide suppliers follow. Pricing strategies involve movement along the Demand curve (McConnell, Brue Flynn, 2011) In a market with high price elasticity of demand, such as a monopolistic competitive market, a small reduction in price will have a large effect on demand. Non-pricing strategies involve shifting the demand curve to the right, such as by a TV advertising campaign. This is a common strategy in markets with low price elasticity of demand, such as oligopolies. Marginal Factors When operating from a global perspective, it is important to understand what patterns arise from the local markets. Being able to provide resources to these local markets is a critical part for a company like Home Depot to institute. From Home Depot’s store support center a global resource merchandise program will be maintained, this will provide customers access to source high-quality products directly from manufacturers around the world. Profit is maximized when Marginal Revenue equals Marginal Cost, to use it, a business needs to know how much it costs to produce one more unit of a service. A business can also use total revenue - total cost method (McConnell, Brue Flynn, 2011). Profit is maximized when the total revenue and total cost curves are farthest apart. Conclusion Home Depot demands the highest levels of product quality, innovation, availability, on-time delivery, safety inShow MoreRelatedHome Depot Business Proposal2903 Words   |  12 PagesHome Depot Business Proposal Easter B. Fulton ECO 561 June 22, 2015 J. Carl Bowman Home Depot Service The Home Depot was founded in 1978 in Atlanta, Georgia as the first home retail store by Bernie Marcus and Arthur Blank (Home Depot, 2014). To give an extent of mixes to customers the Home Depot affiliation made key item examination. This helped clients who request to complete structure extends on different business ranges the affiliations innovative stock revolved around internal and outsideRead MoreRelational Investors and Home Depot4897 Words   |  20 Pagesorder copies or request permission to reproduce materials, call 1-800-545-7685, write Harvard Business School Publishing, Boston, MA 02163, or go to www.hbsp.harvard.edu/educators. This publication may not be digitized, photocopied, or otherwise reproduced, posted, or transmitted, without the permission of Harvard Business School. JAY W. LORSCH KAITLYN A. S IMPSON Relational Investors and Home Depot (A) We see ourselves as stewards of our clients’ shareholdings. Proper stewardship requires activeRead MoreHome Depot Credit Rating1192 Words   |  5 PagesEvaluation of credit rating Memorandum: Credit Rating assignment: Home Depot, Inc. After analysing the financial statements of Home Depot, we have allocated a â€Å"C† rating of credit risk. The proposal is to start with the â€Å"C† rating and then to either upgrade to a â€Å"B† rating or to be down graded to a â€Å"D† rating. The reason for such a decision is discussed below. Home Depot has a current ratio of 1.19 to 1 which means that it’s current assets covers it’s current liabilities by 1.19 times.Read MoreStrategy for Home Depot1316 Words   |  6 PagesHB Case Study Collision Course : Bob Nardelli and the Home Depot Shareholders 2013. 11. 14 Introduction of our members ì  ´Ã¬  â€¢Ã­  ¬ †¢ Company: †¢ Dept.: †¢ Company: KTskylife †¢ Dept.: Strategy planning Coordination Team ë °â€¢Ã¬ §â‚¬Ã« §Å' ê ¹â‚¬Ã¬ §â€žÃ¬Å¡ ° †¢ Company: †¢ Dept.: †¢ Company: BC Card †¢ Dept.: Card Information Processing Team †¢ Company: Hanmi Pharmaceutical †¢ Dept.: Global Business Development †¢ Company: DK Corporation †¢ Dept.: Overseas Sales Team ì  ´Ã¬Ëœ Ãª ·Å" ì‹  Ãª ² ½Ã¬â€¹  Shin, Kyung Sik ê ¹â‚¬Ã¬ §â‚¬Ã¬â€" ° Kim, Ji Yeon 1 Read MoreThe Statement Plan For The Downtown Visitor Attraction Center729 Words   |  3 Pagesseveral new business ventures to a site near the current Galesburg Children’s Discovery Depot. Just last year, the city announced an updated plan for the attraction area. Collectively, this new proposal offered a more defined plan for the area. Already in place for the visitor attraction area is the Galesburg Children’s Discover Depot, the Packing House restaurant, and the newly renovated Prairie Players Civic Theater. Under the updated plan, the Black’s Building will be the new home of the CornucopiaRead MoreECO 561 Week 6 Final Business Proposal2113 Words   |  9 Pagesï » ¿ Home Depot Final Business Proposal Nicole Garcia ECO/561 December 22, 2014 Susan Mc Master Home Depot Business Proposal Bernie Marcus and Arthur Blank founded Home Depot Corp in 1978 (The Home Depot, 2013). The business created strategic product analysis providing an assortment of items to consumers. From the beginning, workers have been able to deliver superior customer satisfaction in the business, helping consumers with jobs such as handling power tools, changing out parts on appliancesRead MoreBusiness Case Study : Lowe s Company1698 Words   |  7 Pages Business Case Study The company that I have chosen for this assignment and project is Lowe s Companies, Inc. Lowes strongly focuses on the mission statement â€Å"helping the customers to improve their homes†. The company started in 1921 as a small store in North Carolina. Great success and high demand of Lowe’s products led to an increase in the number of stores. By 1955, there were five more functional stores. Rapid growth took place around 1960s. Carl Buchan was one of the founders of Lowe’s, whoRead MoreAcme Home Improvements de Mà ©xico, Sa de Cv Charter Essay1488 Words   |  6 PagesAcme Home Improvements de Mà ©xico, SA de CV Project Charter AMBA640 Section 9044 Professor Jon-David Knode Team Two Joyce Buchanan Mamta Bumb Eugene Chung Tyler David Kalogeros-Treschuk Nico A Washington Project Title: Acme Home Improvements de Mexico City – New Construction Project Start Date: August 1, 2010 Project Finish Date: August 1, 2011 Budget Information: The budget will be initiated at $20 million, with the majority of funds going to land acquisition, the initialRead MoreSwot Analysis : Omni Channel1298 Words   |  6 Pages The retail world has evolved at extraordinary levels over the past decade. Shifting trends in market behavior have driven the industry to adopt omni-channel as a fundamental business practice, view the customer through the lens of lifetime value rather than transactional value and satisfy customer demands for increased value and service in each purchase while still obtaining the most competitive cost. As these new principals have influenced the transformation of the retail industry, the supplyRead MoreAnalysis Of Seven Staircases Of Growth Strategies919 Words   |  4 PagesAnalysis of Seven Staircases to Growth The distinctive seven staircases of growth strategies have been adopted by many successful companies, such as Walt Disney, Gillette, Johnson Johnson, Home Depot, and many more. While one single strategy may not yield a significant growth effect, implementing them concurrently and consecutively can provide a powerful roadmap for near-term and long-term growth (Baghai, Coley, White, 1996). Below is an analysis of Raytheon’s seven staircases to continuous

Mechanical Engineering Electrical Engineering - 1277 Words

Electrical Engineering Electrical Engineering is â€Å" The branch of engineering concerned with the generation, transmission, distribution, and use of electricity. Its two main branches are power engineering and electronics (including telecommunications). Electrical engineering emerged in the late 19th century with the mathematical formulation of the basic laws of electricity by James Clark Maxwell, followed by the development of such practical applications as the Bell telephone, Edison’s incandescent lamp, and the first central generating plants. Electrical power engineers design generators, power stations, and electricity supply systems as well as electric motors and transport and traction systems. Electrical engineering is an applied science involving mathematical skills and a knowledge of physics, in addition to the basic engineering subjects† (The Macmillan Encyclopedia). Electrical systems have always fascinated me since childhood, and figuring out the engineerin g behind everything I could get my hands on was another passion I have always had. When getting out of the military and deciding to go to college electrical engineering was the only major that really stood out to me as a way to combine both my childhood interests. My third year at college and I still stand firm with my decision as I continue to excel in my classes directed toward my major while the classes further ignite my passion for the field of study. The education level typically required to obtain a jobShow MoreRelatedElectrical Engineering Concepts And Not Mechanical Engineering1392 Words   |  6 PagesAs a second year BEng Electronic and Electrical Engineering student a project had to be devised which would consist of Electrical Engineering concepts and not Mechanical Engineering. Groups were made so that tasks could be carried out by each member. Several project ideas were then made by each group member. The ideas which were thought of by myself included a hybrid solar and wind battery charger, a parking sensor and also remote control blinds (Appendix A). Research had to be carried out onRead MoreElectrical Engineering : Mechanical And Computer Engineering1686 Words   |  7 PagesElectrical engineers are also often educated in specializations, which makes you worth more to some companies and departments than others. Some of these specializations can vary from control systems, microprocessors, signal processing, telecommunication, et cetera. However, all of these specializations hold similar responsibilities with applying their scientific knowledge to create goods, products, installations and services to better the world around them. The nature of engineering brings forthRead MoreElectrical Engineering : Mechanical Engineering1801 Words   |  8 PagesDepartment of Mechanical Engineering Mechanical Project 491 Progress Report Title of Project Liam Brady 14755682 Semester 2 2014 Supervisor: Dr Andrew King Abstract Start Summarise the content of the rest of the report with an emphasis of the achievements during the course of this unit â€Æ' Table of Contents No table of contents entries found. â€Æ' Nomenclature Symbol Meaning SI Units â€Æ' List of Figures No table of figures entries found.â€Æ' Introduction Energy has been extractedRead MoreThe Engineering Field : Chemical, Civil, Electrical, And Mechanical Engineering1215 Words   |  5 Pages Activity 1.6 Discover Engineering Gunnar Kroencke Block 2 Introduction What is engineering? Many people have difficulty answering this question. In fact, engineering is a diverse field – there are many disciplines within engineering that can involve the application of a very different body of knowledge and skills. Nearly everything that is not â€Å"natural† (i.e., created by Mother Nature) most likely was designed and created with input from engineers. The shampoo you used this morning to washRead MoreResume [Utp Template]1448 Words   |  6 PagesMuhammad ‘Ammar bin Kassim B. Eng (Hons) Mechanical Engineering [Majoring in Material] Universiti Teknologi PETRONAS (UTP) 7th August 2010 Dear Sir/Madam, APPLICATION FOR CAREER OPPORTUNITY Your company’s milestone and achievement in the industry really impresses me, and your philosophy of encouraging career professional development is something I value. Thus, I am writing to apply for a career opportunity in your reputable company. I am currently in my final semester and will be graduating on DecemberRead MoreThe Creation Of Careers Through Physics1270 Words   |  6 Pagesannoyed of hearing. Most high school students often dream about going into the engineering field. Some don’t know that this field itself uses physics, a lot. A specific career that often uses kinematics is a Mechanical Engineer. The field requires such precision in building the interior or exterior of the machine the engineer is designing, that the engineer needs to be as precise as possible with his calculations. Mechanical engineers are often interacting with the distribution of power. They createRead MoreA Study On Engineering And Mechanical Engine ering1710 Words   |  7 Pageslearn more about engineering and especially mechanical engineering because it is going to be my degree. This text is divided into three parts, part A describes my degree choice, why I chose it and what I am hoping to be in the future. Part B will be a comparison between LJMU and the University of Liverpool, also it will provide an information about a lecturer in LJMU. Part C will compare and contrast two types of internal combustion engines. Part A I am interested in studying engineering especially mechanicalRead MoreEssay on Mechanical Engineering1124 Words   |  5 PagesMechanical engineering is a discipline of engineering that applies the principles of engineering, physics and materials science for analysis, design, manufacturing, and maintenance of mechanical systems. It is the branch of engineering that involves the production and usage of heat and mechanical power for the design, production, and operation of machines and tools.[1] It is one of the oldest and broadest engineering disciplines. The engineering field requires an understanding of core conceptsRead MoreA Career in Mechanical Engineering Essay993 Words   |  4 PagesI have chosen the career of Mechanical Engineering for this research paper. The reason why I choose this career is because I am very interested in prototyping, designing, and building machines and other types of tools that we use in our daily lives. Mechanical engineers make people’s lives better and easier. I find this interesting inspires me to become one of them. This is why I choose this profession for my research paper. I will be going over five topics for this paper. These topics are: 1.Read MoreA Study On Engineering And The University Of Liverpool1723 Words   |  7 Pagespurpose of this study is to learn more about engineering and especially mechanical engineering. This text is divided into three parts, part A describes my degree choice, why I chose it and what I am hoping to be in the future. Part B will be a comparison between LJMU and the University of Liverpool, also it will provide an information of a lecturer in LJMU. Part C will compare and contrast between two types of internal combustion engines. Part A Engineering is a very important specialization and it

Material Handling Equipment Planning

Question: Discuss about the Material Handling Equipment Planning. Answer: Preface: JustMoveIt logistics is a logistic service provider and has been awarded with a long-term contract to provide the warehousing services fo sedapMakan Pte Ltd, A food manufacturing company, which produces convenience foods such as ready to eat meals and packaged frozen foods. The current objective is to come up with a concept plan for the warehouse layout to suit SedapMakans requirements. The details of the products to be handled and currently being produced in its food processing lines are provided below for reference, Ready to eat meals are being provided in re-heatable plastic packaging systems Frozen foods in packaged format To be handled based on First expired first out basis Approximately about 500 SKUs need to be stored in the ware house. Orders and handling bulk data: Average of 60 orders per month Each order will range from 5 to 40 lines MOQ for each order will be about 1000 cartons [Hence the order volume can be about 5000 cartons to 40,000 cartons] Urgent orders requires picking up 50SKUs from the line Inbound logistics: 10 to 50 twenty foot containers depending on the sales for that month. Storage 2 months of stock to be kept 35% of the stock to be stored in chiller 65% of the stock to be stored in A/C environment Outbound: There will be sales to 8 countries in Asia Pacific Sales to 6 countries in Middle East Each outbound order ranges from 15 to 80 ISO pallets. Additional information: Each 20 foot container can hold upto 20 ISO pallets On average 1 ISO pallet holds 200 cartons. Inferences and calculations: Each container can contain about 4000 cartons. Total outbound can range upto 16000 cartons ( 80 ISO pallets) Total Inbound can range upto 50 containers ( 50 * 20 ISO pallets) Total cartons can be upto 2,00,000 cartons maximum ( 50 * 20 ISO pallets) Minimum inbound cartons can be 40,000 cartons ( 10 * 20 ISO pallets) Observations: From the given conditions it is much clear that there will be more to do with the handling of the ISO pallets containing the cartons of the food material. Hence inorder to handle the same following are the equipment to be employed. Proposed Material Handling Equipment: The type of equipment needed to handle the pallets can be any of the following, Pallet trucks, Pallet jacks, (Powered and Manual handling types) Bulk load container (For movement within the ware house) Forklifts (For moving the pallets within the ware house as well to support the loading and unloading operations) Electric hoist (For lifting the bulk loads and for movement in the ware house) Jib crane (For material movement) Bridge Crane (Based on necessity will be according to the layout of the warehouse) Gantry Crane(Mobile Gantry crane Recommended) Narrow Aisle straddle Truck Side loader Tractor Trailer Specifications (Suggestive) of the material handling equipment proposed: Pallet Jack Toyota 8HBE40 Pallet Truck Hand Type (3 Ton) Model BT lifter Clark NSR 25 Narrow Aisle Reach Truck LD single girder Electric hoist crane Span Length 7.5m-31.5m, Lifting capacity 1-32Tons Tractor Trailer specifications 86 Height, 86 width, 48 length of the trailer Gantry crane capacity 3 Tons to 5 Tons Bridge Crane capacity 3 Tons to 5 tons Forklift standard sizes BoBcat S130 model. Remarks: The exact size of the equipment and the capacity, need to be designed based on the actual dimensions of the ware house layout as well as other dimensions involved in. References: Parrish, A. (Ed.). (2014).Mechanical engineer's reference book. Elsevier. Accorsi, R., Manzini, R., Maranesi, F. (2014). A decision-support system for the design and management of warehousing systems.Computers in Industry,65(1), 175-186

Data Collection

Question: Write an essay onData Collection, Methodology, and Analysis. Answer: The data was distributed and collected from 450 people out of which 150 is selected as sample size. The sample is selected as unbiased and everyone had an equal chance of getting selected. Simple random sampling is followed as it is one of the simplest sampling techniques. The confidence level is selected as 95% in which it is assumed that the data presented is accurate at least up to 95%. Data Analysis Demographic Particulars Frequency Percentage (%) Gender Male 83 55% Female 67 45% Age Group 16-25 years 28 19% 26-40 years 42 28% 41-55 years 50 33% 56 and above 30 20% Educational Qualification High School 22 15% Bachelors Degree 85 57% Masters Degree 40 26% Ph.D. 3 2% From the below table, it is analysed that 55% respondents are male while the remaining 45% are females. Other demographic factors such as education and age group are also analysed. Majority of the respondents, i.e. 33% belong to the age group 41-55 years, 28% belong to 26-40 years, 20% are aged 56 and above, and the remaining 19% are between 16-25 years old. It is seen in Figure 1 that 48% of the respondents have average health status, while 19% are good, 19% are poor, 8% are severely ill and only 6% have excellent health. 31% of the respondents are influenced by Chinese culture of products, while 25%, 22% and 9% are influenced by American, Asian and other cultures. However, 9% are not influenced by any cultural tradition (Figure 2). It is analysed that the majority, i.e., 37% are influenced by Confucianism. The Chinese majorly follow products influenced by their religion. Other than that, the respondents are influenced by Hinduism, Islam and others with 17%, 1% and 18% respectively. However, 27% respondents are not influenced by any religion (Figure 3). A short interview was conducted for knowing the consumption patterns or beliefs in the herbal products. The aim of the interview was to analyse the behaviour of the respondents towards the herbal products. The analysis shall help in estimating the demand for herbal products in China and other international markets. The answers collected by the respondents revealed that every individual has used herbal products or therapies in the past. They were either recommended by the doctors or the products were purchased by following the internet or health magazines. The respondents selected all the natural herbal products and therapies such as homeopathy, traditional Chinese product, Ayurveda, Herbal product and Yoga. The respondents also suggested a few other therapies such as Accupressure, Accupunture and many others. Regarding the frequency of intake, it is observed that 40 respondents have yearly intake of herbal products. There are categories of respondents who consume herbal products daily, weekly, monthly or rarely. The people consuming herbal products regularly are generally taking preventive measures or are diabetic patients. The people responded that the herbal products do not have side effects on them and are less expensive than the drugs. A few herbal product brands consumed by people in the past are Fusion, Chinese Herbs Direct, White Flower, Yang Cheng and Health King. The respondents mentioned that they have used different kind of herbal products for promoting health, preventing illness and treating illness. VAR00001 Frequency Percent Valid Percent Cumulative Percent Valid 3 28 18.7 18.7 18.7 4 57 38.0 38.0 56.7 5 65 43.3 43.3 100.0 Total 150 100.0 100.0 Frequency Percent Valid Percent Cumulative Percent Valid 3 29 19.3 19.3 19.3 4 61 40.7 40.7 60.0 5 60 40.0 40.0 100.0 Total 150 100.0 100.0 Frequency Percent Valid Percent Cumulative Percent Valid 3 11 7.3 7.3 7.3 4 70 46.7 46.7 54.0 5 69 46.0 46.0 100.0 Total 150 100.0 100.0 Frequency Percent Valid Percent Cumulative Percent Valid 3 24 16.0 16.0 16.0 4 64 42.7 42.7 58.7 5 62 41.3 41.3 100.0 Total 150 100.0 100.0 Frequency Percent Valid Percent Cumulative Percent Valid 3 22 14.7 14.7 14.7 4 65 43.3 43.3 58.0 5 63 42.0 42.0 100.0 Total 150 100.0 100.0 Frequency Percent Valid Percent Cumulative Percent Valid 3 22 14.7 14.7 14.7 4 64 42.7 42.7 57.3 5 64 42.7 42.7 100.0 Total 150 100.0 100.0 Frequency Percent Valid Percent Cumulative Percent Valid 3 21 14.0 14.0 14.0 4 67 44.7 44.7 58.7 5 62 41.3 41.3 100.0 Total 150 100.0 100.0 Frequency Percent Valid Percent Cumulative Percent Valid 3 25 16.7 16.7 16.7 4 60 40.0 40.0 56.7 5 65 43.3 43.3 100.0 Total 150 100.0 100.0 Q19 Frequency Percent Valid Percent Cumulative Percent Valid 3 15 10.0 10.0 10.0 4 68 45.3 45.3 55.3 5 67 44.7 44.7 100.0 Total 150 100.0 100.0 Statistics Q11 Q12 Q13 Q14 Q15 Q16 Q17 Q18 Q19 N Valid 150 150 150 150 150 150 150 150 150 Missing 0 0 0 0 0 0 0 0 0 Std. Deviation .750 .745 .622 .716 .704 .706 .694 .730 .655 Variance .563 .554 .386 .513 .495 .498 .482 .532 .429 Mean Range 4.25 2 4.21 2 4.39 2 4.25 2 4.27 2 4.28 2 4.27 2 4.27 2 4.35 2 Minimum 3 3 3 3 3 3 3 3 3 Maximum 5 5 5 5 5 5 5 5 5 Table 2: Descriptive Statistics The above table indicates that the respondents are clustered around the actual perception. The deviation level for each question indicates that the potential consumers have similar opinions. The respondents mainly answered that they consume herbal products are useful in preventing illness, maintaining good health and treating illness. The respondents also find the herbal medicines safe to consume as they are naturally preset in nature. The herbal medicines are preferably consumed by the respondents after doctors advice. They have fewer side effects than other drugs taken for treating illness. The respondents also feel that there are less clinics selling herbal products and the consumption would increase if the products are more popular. The problems with regular drugs are that they are expensive and people might not be comfortable consuming it. The respondents are keen to consume herbal products if they are not comfortable with other products. The respondents also trust the informati on and composition as mentioned on the label of the herbal products. It is inferred that they believe on the product packaging and labeling. Conclusion to Data Collection and Analysis The above research analysis clearly states the demand of herb products in China and other markets. The research clearly analyses the behaviours and attitudes of consumers regarding herbal products. As seen above, the respondents state that they consume products when it is prescribed by the doctors. The people do not consume products without prescription that could be an issue in sales. The sales could be affected adversely as the people might be ignorant and might hesitate to consume a new brand of herbal products. The brands that are already established in the foreign markets may be preferred by the people as they consume it regularly (Albarraq 2013). Discussion of Results Discussion on Literature and Research Results With the increasing population, the plant species are getting extinct. The medicinal plants found in the Himalayas contain various organic compounds that can be used in pharmacy. Many medicinal plants also become pure drugs (Bhattacharya, Reddy and Mishra 2014). The medical researchers and practitioners are being researched even for cosmetic values (K Suleiman 2013). The medicinal plants are being used for treating diseases such as cancer, leukaemia and memory building (Pan 2014). For such reasons, the demand for herbal products with medicinal properties is increasing day by day. Quality plays a significant role in the production. The medicinal plants may be standardized and the extracts may be used for preparing demanded products (Sahoo and Manchikanti 2013). The raw herbal drugs shall be collected from their natural habitat in the Himalayan range. However, the drugs shall only be collected by the knowledgeable people so that there is no exploitation or unscientific uses of these he rbs (R 2015). The survey results indicate that the people may consume more herbal products if there is greater awareness and reach. The studies show that the herbal products are less expensive than the other drugs (Farzaneh and Carvalho 2015). They also have less or no side effects that is not the same as other medicinal drugs. The reports have stated that the young adults are increasingly switching to natural products (David, Wolfender and Dias 2014). Despite the criticisms of herbal products by medical practitioners, the common drugs are still derived by plant-based sources (Abdullah and Salleh 2016). Herbal products have significant advantages that may be opposed to pharmaceutical products. The herbal products are well tolerated by the patients with unintended consequences than modern drugs (Kumar et al. 2014). The products are also safe to use for using over a continuous period. The products are more effective in case of chronic conditions such as arthritis, bronchitis and various others. The herbal medicines cost less than the prescribed medicines. The resting, research and marketing are inexpensive in comparison with drugs. The herbal medicines must be widely available so that they are available to majority of people. The greater availability shall also help in raising awareness (Smeriglio, Tomaino and Trombetta 2014). However, herbal products may not be suitable in all situations. The modern products treat serious illness or accidents more effectively. The herbal products may not heal as quickly as modern medicines or products. Not all herbal products come with instructions that make it inconvenient for the people to purchase and use (Posadzki, Watsonand Ernst 2013). There is a risk of overdose since not all the herbal products come with a risk. It may also be risky when people try to pick or identify wild herbs (Kalaiselvan et al. 2015). If the wrong part of the plant is used, it may prove poisonous. Because herbal products are not tightly regulated, consumers also run the risk of buying inferior quality herbs. The quality of herbal products may vary among batches, brands or manufacturers. This can make it much more difficult to prescribe the proper dose of an herb (Calahan 2016). India has a wide variety of soil and climatic conditions that makes the country the worlds richest medicinal plant heritages. China has a great market for herbal products. The traditional medicines have been used and been passed over for generations to maintain and promote health. It has also prevented and reduced disorders. There is a great opportunity in exporting the finest herbs to the international market. If a proper marketing strategy is developed, the mindset of users overseas can be Recommendations Further research for this topic can be conducted on exploring the marketing strategies for emerging the Chinese and other international markets. The environmental analysis can be conducted for assessing the scenario. Conclusion and Future Work Conclusion Every country has their traditional beliefs and belongings and this can be a risk while introducing and exporting new products in those countries. The results and findings suggest that India has the knowledge, resources and skills in medicinal or herbal products. The opportunities must be utilized for expanding in the international markets. The regulatory environment must be analyzed for the foreign countries that can help in capturing a global market share and increasing the worth of Indian market. Future Work The limitation from this study is that the opinions of the people who do not use herbal product is not taken much into consideration. The basic demand and awareness among the people is focused upon. The future work can focus more on the emerging methods and marketing strategies to enter foreign markets. A detailed analysis can be conducted on the established herbal product brands in the foreign market. References Abdullah, N. and Salleh, S., 2016. Factors related to the use of herbal products and derivatives from consumers perspective in Kota Kinabalu, Sabah: An Initial Study.Sosiohumanika,3(1). Albarraq, A., 2013. Consumers perceptions on generic medicines in Taif city, Saudi Arabia.Saudi Journal for Health Sciences, 2(1), p.18. Bhattacharya, R., Reddy, K.R.C. and Mishra, A.K., 2014. Export strategy of Ayurvedic Products from India.International Journal of Ayurvedic Medicine,5(1). Calahan, J., Howard, D., Almalki, A.J., Gupta, M.P. and Caldern, A.I., 2016. Chemical Adulterants in Herbal Medicinal Products: A Review.Planta medica,82(06), pp.505-515. David, B., Wolfender, J. and Dias, D., 2014. The pharmaceutical industry and natural products: historical status and new trends.Phytochem Rev, 14(2), pp.299-315. Farzaneh, V. and Carvalho, I., 2015. A review of the health benefit potentials of herbal plant infusions and their mechanism of actions.Industrial Crops and Products, 65, pp.247-258. K Suleiman, A., 2013. Attitudes and Beliefs of Consumers of Herbal Medicines in Riyadh, Saudi Arabia.J Community Med Health Educ, 04(02). Kalaiselvan, V., Saurabh, A., Kumar, R. and Singh, G., 2015. Adverse reactions to herbal products: An analysis of spontaneous reports in the database of the Pharmacovigilance Programme of India.Journal of Herbal Medicine, 5(1), pp.48-54. Kumar, K., Fateh, V., Verma, B. and Pandey, S., 2014. Some herbal drugs used for treatment of diabetes.Int. J. Res. Dev. Pharm. L. Sci,3(5), pp.1116-1120. Pan, S.Y., Litscher, G., Gao, S.H., Zhou, S.F., Yu, Z.L., Chen, H.Q., Zhang, S.F., Tang, M.K., Sun, J.N. and Ko, K.M., 2014. Historical perspective of traditional indigenous medical practices: the current renaissance and conservation of herbal resources.Evidence-Based Complementary and Alternative Medicine,2014. Posadzki, P., Watson, L. and Ernst, E., 2013. Contamination and adulteration of herbal medicinal products (HMPs): an overview of systematic reviews.European journal of clinical pharmacology,69(3), pp.295-307. R, R., 2015. Vital role of herbal medicines in womens health: A perspective review.African Journal of Plant Science, 9(8), pp.320-326. Sahoo, N. and Manchikanti, P., 2013. Herbal drug regulation and commercialization: An Indian industry perspective.The Journal of Alternative and Complementary Medicine,19(12), pp.957-963. Smeriglio, A., Tomaino, A. and Trombetta, D., 2014. Herbal products in pregnancy: experimental studies and clinical reports.Phytotherapy Research,28(8), pp.1107-1116.