How various forces affect international business

Assignment Help Management Theories

Reference no: EM133246757

Case: You are thinking about starting a business in a foreign country (the USA may be a foreign country to you). Your task is to analyze in detail the requirements to start your business. What are the local requirements? What are the governmental requirements? What are the processes, procedures, and fees to start the business? What do you need in terms of capital? Will you start the business on your own, partner with a local company, buy an existing business, or how do you plan on penetrating this foreign market?

There are various elements you should be aware of, such as: laws concerning Foreign Direct Investment, Exports, Joint Ventures, Labor, Tariffs, Strategic Alliances, Mergers, Acquisitions, Horizontal Integration, Vertical Integration, Outsourcing, and Offshoring. You definitely need to know about Inflation, Culture, Technology, Trade Agreements, Political System, Economic System, and Social System in the foreign market you plan to start your business.

As you work on this project, please address the following points:

1. How various forces affect international business; analyze issues, challenges, and problems related to international business for effective decision-making.

2. Explain how the global business environment makes international business different than domestic business, and understand the effects caused by globalization.

3. How and why different countries may behave differently when engaged in international business.

4. How a government's regulatory system can either encourage or discourage international business.

5. How effectively managing information technology helps manage international business successfully.

Reference no: EM133246757

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