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Cultural Perspectives: Australia’s Economic and Business Resources

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Running head: Cultural Perspectives: Australia’s Economic and Business Resources
Cultural Perspectives: Australia’s Economic and Business Resources
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Cultural Perspectives: Australia’s Economic and Business Resources 2
Contents
Cultural Perspectives: Australia’s Economic and Business Resources
The purpose of this project is to understand the comprehensive complexity of culturally
competent market research which business’s incorporate while evaluating market and product
entry into Australia’s “free” economy. Australia is situated in the Asian-Pacific region
1
and is
consider as the third freest economy with trade freedoms up 86.4 percent, investment freedom of
85 percent, and a financial freedom of 90 percent (Foundation, 2014). Researching
1 See appendix “World Map”

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Cultural Perspectives: Australia’s Economic and Business Resources 3
considerations for importing and exporting products into other countries is consider as a
preemptive marketing strategy, encompassing administrative decisions, while evaluating market
and product susceptibility, viability, and profitability. Objectives/Goals include determining
cultural impacts, business expansion challenging, and the dimensional scopes of integrated
operational theologies. Without marketing tools and research methods, importing/exporting
product delivery may be subjected to statutory broader confiscations and the failure of
successfully entering a new market. By understanding the crucially implemented process of
exporting and importing products into Australia, organization increase their market susceptibility,
potentially inducing growth and presence sustainability. Through the development of business
marketing and economy planning, entering Australia’s market become a strategically
implemented micro economical solution for business integration. Australia currently has a rising
market of new products, thus, Australia may be a viable resource if the market demand is there.
Business: Australia’s Cultural Dimensions
Organizations that intend on expanding their business, exporting product and services,
into foreign geographical jurisdiction must effectively consider marketing strategies for economy
or market entry. For example, doing business in Australia requires organizations to conform to
both the US and Australian’s importing and exporting laws, licensing’s, as well as develop a
sense of market and population cultural influences in product susceptibility (Export.Gov, 2014).
This information indicates that the simplicity of exporting and importing has rigged regulations
that organizations must adhere with in addition to researching marketable impacts. As a result of
this procedural complexity, organizations based within the United States that intended on
expanded operations into Australia’s economy, stake and shareholders share monumental
functions and task’s that ensure quality marketing research information. Additionally, perhaps

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