1. Who are the country’s main competitors and how is it positioned relative to these main competitors?
FDI inflows, by region and economy, 2012 (Latin American and the Caribbean) Country FDI in 2012 (Millions of dollars)
1. Brazil 65 271.85165
2. British Virgin Islands 64 895.73812
3. Chile 30 323.047
4. Colombia 15 822.93615
5. Argentina 12 551.11934
6. Peru 12 239.67185
7. Cayman Islands 4234.45103
8. Dominican Republic 3609.6
9. Venezuela 3216
Dominican Republic holds the 8th position in FDI inflows in the Latin America & Caribbean sector, just above Venezuela, according to 2012 data provided by The World Bank . Due to the lack of qualified labor force, high level of debts (including government debts), and the negative
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This shows potential that the economy is heading towards growth. According to the Global Innovation Index 2013 , Dominican Republic’s strengths count ecological sustainability, as in the low amount of energy used per person and growth rate of GDP per worker. Also, there is a large pool of local artisans that produce creative goods, which are often exported, bringing in profit for the nation.
In contrast, Dominican Republic also has weaknesses such as the lack of funding into education, contributing to the unemployment rate of 15% and the lack of qualified candidates on the job market. Furthermore, the number of students in schools exceeds the number of teachers available and universities in Dominican Republic are usually subject to low rankings compared to other universities in the Latin Americas. Proper health care is also a disadvantage in Dominican Republic and locals do not trust their own government, due to corruption. The Research and Development sector rates poorly, leading to knowledge and technology outputs also being rated poor in the Global Innovation Index. Finally, within the investment sector, the lack of venture capital deals, along with low domestic credit to the private sector are counted as current weaknesses within the Dominican Republic.
3. How does corruption manifest itself and how should it be dealt with?
While the Dominican government welcomes foreign investment, many problems can arise causing problems and risks for
8. Choose a well-known company that you know of, and describe its direct and indirect competitors. Describe at least three direct competitors and three indirect competitors. (6-12 sentences. 3.0 points)
The Dominican Republic is a middle-income country, located in the Caribbean, between the Caribbean Sea and the North Atlantic Ocean, east of Haiti, that is dependent upon agriculture, trade and services, and a huge part of their income is tourism. Many Dominican agriculture exports have
3. What does your strategic group map of this industry look like? How attractively is Netflix positioned on the map? Why?
8. Choose a well-known company that you know of, and describe its direct and indirect competitors. Describe at least three direct competitors and three indirect competitors. (6-12 sentences. 3.0 points)
As previously identified, there are also “non-legal/extra-governmental” political risks which could bring unexpected upheaval to foreign firms. Macro political risks such as the threat of violence, corruption, war or military coup, political instability and terrorism are all direct threats to foreign investors.
The geography is pretty much the same as most countries. The natural resources are nickel, gold, and silver. They have mountains with valleys, and rugged highlands. The highest elevation is three thousand one-hundred seventy-five meters. It is located in the heart of the Caribbean, the Dominican Republic is surrounded by the Atlantic Ocean and the Caribbean Sea. Dominican Republic is the second-highest island in the Caribbean, with a surface area of forty-eight thousand one-hundred ninety-eight square kilometers, which is slightly more than twice the size of New Hampshire, USA. The biggest city is Santiago de los Caballeros, with five-hundred one-thousand eight-hundred people. There are now about 8.5 million permanent residents in the country. The capital of the Dominican Republic is Santo Domingo, which is the oldest city in the new world. It has a population of about 2.5 million people.The
1. What is their business strategy to grow profitably and compete over the long term?
The largest source of foreign income is tourism. Attracted by the beaches and tropical weathers, millions of Americans and Europeans visit each year. Another source of income is manufacturing. A lot of the Dominican Republic's people work in industrial areas that produce clothing for export. The Dominican Republic's main trading partner is the United States. The farms in this country are used to produce agricultural items such as: avocados, bananas, mangoes, oranges, rice, sugarcane, and tobacco. The country also produces nickel and mines clay, gypsum, and salt. Many of the cities have international airports (Sagas
Leaving many Hatians to move to the Dominican Republic. In the Dominican Republic, the population is much lower than it is in Haiti and the country's wealth is growing much faster than in Haiti. The Dominican Republic's per person income is five times higher than that of Haiti's (Marc 2008). So many Haitians are crossing the border into the Dominican Republic to find better opportunities. Haitians now make up about 12 percent of people in the Dominican Republic, figure that in reality is probably an underestimate because of the number of migrant workers who have entered the country illegally (Skinner 2008). Recent figures claimed that up to one million Haitians are living in the Dominican Republic (Human Rights Watch 2002). Prejudice in the Dominican Republic is very deep resulting from years of steady anti-Haitian political misinformation and racial violence. Some Dominicans see Haitians as a threat to national independence related caused by the years of control Haiti had over Dominican Republic in the past. Haitians and Dominican-Haitians are believed slow and lazy. Some of the "black Haitians" unfairly treated are second and third generation Dominican-Haitians and even Dominicans without Haitian family history. Long surviving anger towards each group has cultural and political roots from violence being carried out from
According to a 1999 International Monetary Fund report, remittances from Dominican Americans are estimated to be about $1.5 billion per year. Most of these funds are used to cover basic household needs such as shelter, food, clothing, health care, and education. Secondarily, remittances have financed small businesses and other productive activities
1. How strong are the competitive forces confronting Deere in the global market for agricultural and construction equipment?
Select one (1) global industry, such as the automobile or cell phone industry. Next, use the Internet to research three (3) major international competitors within the chosen industry. Take note of manner in which the popular international business press (e.g., newspapers, magazines, e-zines, press releases, etc.) depicts the selected companies.
industry, they face the same global competition as other countries (if not more.) According to
To remain competitive a company must consider who their biggest competitors are while considering its own size and position in the industry. The company should develop a strategic advantage over their competitors’
The country has been able to take advantage of the region’s positive prospects and should continue to do so in coming years. The country has good prospects for economic growth and foreign direct investment (FDI), import cover levels are comfortable, and political risk is relatively low.