What are some reasons why you would expand your company internationally as well as the risks that could happen?
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What are some reasons why you would expand your company internationally as well as the risks that could happen?
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- You are a successful entrepreneur operating a local business for the last five years in your chosenindustry. Since your business has grown over the years you have now decided to take your businessoverseas and are considering two options. The first is to enter another Asian country with yourproduct/service and the other is to enter a country in Europe. Choose ONE of the two chosen countries and the organization above, explain how thefollowing international business theories can be used when making the decision to gointernational? Please include the limitations of these theories and how they can impact internationalexpansion. 1. Raymond Vernon’s product life cycle2. John Dunning’s eclectic theory3. Porters Diamond model4. Johanson and Vahlne’s Uppsala model5. Hofstede's cultural dimensions theory modelYou are a successful entrepreneur operating a local business for the last five years in your chosen industry. Since your business has grown over the years you have now decided to take your business overseas and are considering two options. The first is to enter another Asian country with your product/service and the other is to enter a country in the South American market. As an initial fact finding exercise you have decided to carry out a detailed analysis of the macro economic factors facing ONE of the two chosen countries. Based on your study prepare a report on your findings.Question 1Based on the above scenario, you are requested to study all the PEST factors:i. Political and Legal factorsii. Economic policies (trade policies, foreign exchange controls, financial markets) iii. Social, Cultural factors (Values and beliefs that directly or indirectly have an impact on your product or service) iv. Technological factors,v. and Ethical business practices that prevail in the market…You are a consultant to a small size Company engaged in Halal Food Products. The company is interested to expand its business to Europe and North America. Prepare a business report focusing on the business potential. Also, give advice on the entry mode and external risks if the decision is made to do business in the Europe and North America.
- You are an entrepreneur of a local organic product shop in St. Vincent and the Grenadines, specializing in hair products and other cosmetic products. You are considering based on emerging market trends to expand to South Africa. Why would you expand to this country? What mode of entry would you use?if you are small furniture company and plan to enter a country with high business risk, which mode of entry do you recommendChina and India have been the world's fastest-growing economies in recent years, and Brazil is becoming a major force in international commerce. Write a short essay that summarizes how these three countries are changing the landscape of international business, and describe the arena in which each excels. Then choose some type of business that you would like to be involved in, and describe how and why you, as a manager in that business, would choose to work with other organizations in one of these three countries.
- What is a franchise? Using a real case of a country and brand, describe the main characteristics of this method of entry into a new market and the main risks that must be taken into account?What is a foreign trade zone? A business incubator? What advantages and disadvantages does each one offer a small business locating there?Why is international business different from domestic business?
- As an overall outcome of your study of the (Tourism & Hospitality) course, discuss in an analytical manner how does the world unstable health conditions affected global tourism movement, and how this industry can overcome the resulting losses?You are a successful entrepreneur operating a local business for the last five years in your chosenindustry. Since your business has grown over the years you have now decided to take your businessoverseas and are considering two options. The first is to enter another Asian country with yourproduct/service and the other is to enter a country in Europe. Justify market entry & exit strategies that can be perused by the organisation and potential risksthat can be envisaged? The answer should be for ONE of the two chosen countries.Traveling and working internationally can lead to a life of adventure and unique career experiences. For businesses, selecting the right candidates to take on foreign assignments can propel, delay, or deny the success of international ventures. As an international manager, identify key competencies you would look for in choosing expatriates. What might be some of their concerns in taking on overseas assignments? What are some best practices in supporting experts during and after their assignments?