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Practical guide

Write a market-entry memo your leadership team can decide on

A decision memo should let a reader see what is being approved, what could overturn the recommendation and when to revisit it. The linked Nox Foundry sample uses a fictional appliance manufacturer weighing a first European market. Borrow its structure and replace every scenario assumption with evidence or an explicit open question from your own business.

Discuss your market-entry decision
Illustration of a planning desk overlooking an Asian skyline
01

Start with one decision

Write the question as a decision about a market, route and next commitment. “Should we test this product with one importer in this market before committing to regional inventory?” gives the team a narrower task than “How do we expand?” Name the decision maker, the date and the authority requested. Explain what approving the memo would permit your team to spend or promise.

    02

    Compare credible routes

    Include the strongest realistic alternative and the option to wait. For each route, describe how customers would buy, who would deliver, how much must be committed before the first revenue and which dependency could delay the milestone. Compare routes against the same buyer, time horizon and service promise. If a route only works after a significant change in product or support, make that dependency visible.

      03

      Separate buyer interest from buying evidence

      The fictional sample distinguishes conversations, sample requests and quote requests. Use similar distinctions when recording real buyer conversations. Capture the buyer type, date, purchasing step, stated criteria and evidence of action. A quote request may justify more investigation. An approved purchase order is a different signal. Include contradictory feedback so the decision maker can tell which assumptions remain exposed.

      • Label each claim as observed, quoted, estimated or unknown. Note the source and date.
      • State what would change your interpretation. For example, test whether a buyer with budget can accept the proposed price and service terms.
      04

      Tie economics to sources and scenarios

      Build an order-level view of price, margin, delivery, support and collection timing. Separate quotes from estimates. Compare the base case with a credible downside and show which variable changes the recommendation. Country Commercial Guides and Access2Markets can orient initial research. Replace generic benchmarks with comparable buyer evidence and actual provider quotes as soon as you can.

        05

        Set a gate that leads somewhere

        Finish with a recommendation, a spending or commitment limit, a named owner and the next review date. Define what evidence permits progression and what triggers a smaller test, different route or pause. Record the alternative path for each material failure. Keep specialist determinations in their own workstream with explicit sign-off requirements.

        Reserve a line for what the team would learn even if it pauses. For instance, a buyer may have confirmed that local returns matter while leaving price acceptance open. Preserve the first fact and write a specific question for the second. This gives the next review a starting point and lets management avoid commissioning the same work twice.

        • Ask someone outside the project to read the memo and state what is approved, what remains open and who decides next.
        • After approval, preserve the decision version and replace assumptions only when new evidence arrives. Log material changes for the next review.

        Questions, answered

        Should we reuse the sample thresholds?

        No. The numbers and milestones illustrate a format. Set thresholds that reflect your economics, authority and delivery capacity.

        How long should the memo be?

        Keep the recommendation, alternatives, major assumptions and gate in the core document. Link evidence and calculations in supporting files.

        From our published thinking

        Put three maps side by side

        Give each route in your decision memo the same first buyer, delivery promise and review date. Sketch three views of the route so the leadership team can see where its assumptions depend on one another.

        1. Map how the offer reaches the buyer

          Show who introduces the offer, who receives the enquiry and who can reach the purchasing decision maker. Record what each contact has agreed to do next.

        2. Map where the work happens

          Identify which tasks stay with your home team and which the local partner will handle. If the partner cannot answer a technical question, name who prepares the answer and who gets it back to the buyer.

        3. Map the customer’s journey

          Trace the enquiry through quote, order, delivery and support. Mark each handoff as confirmed or still to be tested. Flag any gap that would prevent the team from keeping its first promise.

        Place the three views next to each other. Bring the first unresolved assumption that could change the recommendation into the memo, with an owner and a date for checking it.

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        Market entry

        Build the case your leadership team needs to see.

        Bring your draft or the decision it needs to support. We can help compare routes, identify the assumptions that matter and agree what a first test should establish.