International Business
Over the last several decades, globalization has been having profound impact on the way businesses are operating. This has created shifts in the markets for a wide variety of corporations seeking to aggressively expand into these areas to increase their overall profits. A good example of this can be seen with a study that was conducted by the UN Conference on Trade and Development. They found that nearly 90% of domestically-based companies would like to aggressively expand into other markets. This is significant, because it is showing the tremendous opportunities that globalization has created for businesses to be able to increase their overall profit margins. ("Companies to Boost Overseas Investment," 2011)
In the case of the Gulf Cart, this is providing an opportunity to begin aggressively expanding rapidly into the Bahamas. However, to ensure that the company can be successful over the long-term requires creating strategy that will account for all of the risks and opportunities of conducting business in a particular region. To achieve this objective we will examine a number of different elements to include: conducting a detailed analysis of the country and the strategy for marketing the product. Once this takes place, it will provide the greatest insights as to overall long-term financial benefits that can be realized from investing in the region.
An Analysis of the Bahamas
The Bahamas is a chain of islands that is located in the Caribbean Sea, just south of the coast of Florida. It encompasses a land mass 10,010 square km. Since the country was able to obtain independence from Great Britain they have been focused mainly on: tourism, international banking and management. These elements are important, because they are showing how there is the opportunity for the company to expand into these markets based upon the strong tourism and banking sectors. This means that these institutions and wealthy individuals will be interested in purchasing the carts for their properties (such as: golf courses and resorts). As a result, this would be the most logical market to target when introducing...
International Business and the Regions How far has the competitiveness of two East Asian firms been based on: (1) national networks and institutions, including localised clusters; (2) regional links and networking across the East Asian region; (3) transnational links beyond the East Asian region and; (4) support from the policies of one or more East Asian governments? Over the last several decades, globalization has been having a tremendous impact on the way
This plan is focused on financial stability and profitability, through the reduction of operational costs. In this business strategy, outsourcing plays a crucial role. References: Dunai, M., 2012, Hungarian town suffers as Nokia announces big layoffs, Reuters, http://www.reuters.com/article/2012/02/08/us-hungary-nokia-idUSTRE8171OU20120208 last accessed on March 21, 2012 Haikio, M., 2002, Nokia: the inside story, Pearson Education, ISBN 0273659839 Layard, R., Nickell, S., Eichorst, W., Zimmermann, K.F., 2011, Combating unemployment, Oxford University Press, ISBN 0199609780 Louis, P.J., Nokia
International Business The Effect of National Culture on the Choice of Entry Mode Foreign direct investment has increased dramatically over the last couple of decades and this trend has been studied. However, it is argued that the entry model form many of these investments has not been studied with the same rigor. It is commonly thought the composition of national cultures on Hofstede's scale and the distance between the two cultures influences
International Business 5 Pertinent Topics The Cultural Effect on International Business Description Political Issues Affecting International Business Description Regional Economic Integration AND INTERNATIONAL Business Description Impact of Exchange Rates on International Business Description Corporate Strategy in International Business Description An Analysis of International Business Today No one can dispute the fact that the world economy is increasingly globalizing as we move into the 21st century. As this internationalization of business grows, there is an increasing challenge being faced to deal with cultural
The main advantage of this association is that you will get to control the production process and both collaborators will have the right to question and manage everything. It will require high negotiation skills, primary high investments, but the market is full of potential. By joint venture we will have the possibility to interfere in the recruitment process, deciding who the best people for the jobs are. For India,
The UAE has one of the most open economies in the world. And its vigorous economic partnership with the United States reflects the UAE's function as a regional leader in terms of economic restructuring, openness to international trade and investment, and political stability (UAE-U.S. Economic Relationship, 2011) The volume of U.S. exports and foreign direct investment into the UAE in recent years has grown considerably and is likely to continue
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