Reference no: EM131283163
Summarize your findings utilizing the following format. The country that I choose is "China". Answer all the questions in your own word.
A) Background information on your country including:
*Population
*Neighboring countries
*Size
*Climate
B) Challenges would you face in doing business in this country including:
*Differences in business etiquette
*Differences in attitudes regarding time / punctuality
*Attitudes regarding family vs. work
*Ease of Doing Business ranking
*Corruption Level
C) Cultural differences including:
*Languages spoken
*Religions practiced
*Manners
*Customs
*Attitudes regarding individualism vs. collectivism
D) International trade and economic barriers including:
*Per capita income
*Currency utilized
*Dependence on foreign trade
*Trade restrictions
*Major industries
E) Political and national barriers including:
*Form of government
*Relationship with U.S.
F) How would your business strategy differ from the approach used in the U.S.? Your response should consider differences in culture, business etiquette, reception other U.S. companies have received, and differences in business practices.
G) Considering what you have learned about this country, which of the market entry strategies presented in the module do you think would be most effective to enter this country -- Internet, trade intermediaries, exporting, foreign licensing, international franchising, joint venture, counter-trading or bartering, or establishing an international location? Support your choice.
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