Description
Deliverable length = 800–1,000 words, including a completed table
As an owner of a visible business that is valued in the community, you are making a final decision regarding the international aspects of a business decision, and you decide to set up a table with the risks and weigh their relative importance against the rate of return you foresee. You also need to put a plan in place to overcome it. Two main considerations are central to the decision:
- Would the government encourage a decision to expand?
- How would it affect the reputation of the business?
Your assignment is to fill in the table and then provide a brief summary of your decision, highlighting the two above considerations. The following are instructions for completing the table:
- Choose an industry with which you are familiar or have an interest.
- For each risk type listed in the table, indicate with an X in the appropriate column whether the risk will affect them as an importer or an exporter.
- Also, make an assumption of what type of business (large, medium, or small) you will be using for each risk type by marking L, M, or S in the column.
- Using these factors, provide a brief answer on how to overcome the risk for the industry and the business.
Risk | Importer | Exporter | L/M/S | How to Overcome It |
Economic conditions | ||||
Fluctuations in industry | ||||
Competition | ||||
Technological change | ||||
Change in preferences | ||||
Costs and expenses | ||||
Regulations | ||||
Expropriation | ||||
Interest rates | ||||
Government monetary policy | ||||
Government fiscal policy | ||||
Internal and external wars | ||||
Difference in culture and religion | ||||
Ownership of factories and property | ||||
Human resource restrictions | ||||
Intellectual property | ||||
Discrimination | ||||
Red tape and corruption | ||||
Blockage of funds or capital accounts | ||||
Change in government |
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