Lesson Module 2

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gm1991

Business Finance

Description

Lesson Module 2

Lesson

Activity 1

With you group, investigate some of the issues a company will face during this move. You may have to investigate multiple areas of the world to determine the best fit for your company.

Design in infographic that compares the areas you have chosen to enter the marked based on the following issues:

1.Culture

2.Politics

3.Language

4.Health

5.Personal

Activity 2:

Many companies have succeeded the minefield of challenges while others have not. What is the difference?

investigate some companies that have ventured into the global market and met with unfortunate issues. For example, Home Depot that entered the China market only to later close all of its stores when they discovered the Chinese don’t embrace our ‘Do It Yourself’ passion.

***Assignment***

Come up with a quick preliminary list of five strategies you will have to consider in taking your business abroad. Enter your response in the text box

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Explanation & Answer

Attached.

Running Head: FIVE STRATEGIES IN TAKING A BUSINESS ABROAD

Five Strategies In Taking A Business Abroad
Institution Affiliation
Date:

1

FIVE STRATEGIES IN TAKING A BUSINESS ABROAD
A company should factor in various things before venturing into a market in a new
country. This is because even though many companies benefit from globalization, many suffer
losses as a result of venturing into new markets without adequate preparation. The company
should conduct enough research about the new market. This is because different countries have
different policies, rule, and cultures. There are different strategies that companies can adopt so
that they are not pushed out of the new market as quickly as they enter the market.
The first strategy that the company should consider concerns the prevailing culture in the
new country (Braun, and Latham, 2014). The culture influences how people perceive certain
products. Culture also affects the purchasing power among the consumers. Therefore the
company should adopt a strategy...


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