Explain the role and importance of the cultural environment in business
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Malaysia often appears very near the top of the tree in the ‘Best Country to Invest in’ league tables. With a highly skilled, well-educated workforce and a pro-business government Malaysia attracts high levels of foreign direct investment and Kuala Lumpur is rapidly becoming a destination of choice for global organisations who are looking to establish an Asian head office.
Explain the role and importance of the cultural environment in business
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- 1. Most companies go global because of several reasons such as in gaining more profits, more demand, having economies of scale and many more. You and your business partner are thinking of entering Thailand as your new location for business setting and investment. Question: Discuss five (5) factors to be considered by your company before deciding to set foot on business expansion in Thailand.We are tasked to create an exporting business plan for Denmark. My question is . . .1. Is it a good idea to export Abaca Fibers to Denmark?2. Suggestions are also welcome, just ensure that the product/goods are available in the Philippines.A small Canadian firm that has developed some valuable new medical products using its unique biotechnology know-how is trying to decide how best to serve the European Union. Its choices are given below. The cost of investment in manufacturing facilities will be a major one for the Canadian firm, but it is not outside its reach. If these are the firm’s only options, which one would you advise it to choose? Why? Choices: Manufacture the product at home and let foreign sales agents handle marketing. Manufacture the products at home and set up a wholly owned subsidiary in Europe to handle marketing. Enter into a strategic alliance with a large European pharmaceutical firm. The product would be manufactured in Europe by the 50/50 joint venture and marketed by the European firm.
- Using either Hofstede or Trompenaar, what is the country profile of a European country? What is the country profile of a Middle Eastern country? Why is this information important for an international manager to know?Saudi Arabia is actively seeking foreign investors and appears to be creating a pro-business atmosphere, what non-oil businesses do you think would be best suited for expanding into Saudi Arabia?At the start of 2010 a new free trade area was established incorporating China and the six founding members of the Association of South East Asian Nations (ASEAN). These countries are Brunei, Indonesia, Malaysia, Philippines, Singapore, and Thailand. The aim is to eliminate 90% of imported goods. This deal created the largest trade area in the world, with nearly 1.9bn people. Although there are undoubted gains there have also been warnings from South East Asia that some industries are not ready to compete with China and that jobs will be lost. Question: Outline the potential advantages and disadvantages of joining this area for the member countries.
- This question has two parts; be sure to answer both. First, describe the five benefits for companies of expanding internationally. Second, imagine that you are the CEO of REDO, a highly successful company that remodels and redecorates houses in the United States. The company also manufactures its own line of furniture, draperies, and home furnishings. For each of the five benefits, give a specific example of how REDO might take advantage of these benefits.Explain how multinational companies can create problems for a developing country? Differentiate between Greenfield and Brownfield investments. Also explain under which situations these two strategies are used by companies? Give examplesthe international strategy which would be useful for AB InBev to adapt if they were to enter a country in the Caribbean. The name of the country in the Caribbean selected must be included
- Provide a real-life example of a company that employs global outsourcing and indicate which function/operation they outsource and where do they get it from.How does the political risk of a country affect international business decisions to invest in that country? What can companies do to minimize this risk? Select a country and explain what political risks may have affected companies’ investment decisions there. Additionally, illustrate the implications of these risks on a company of your choice.While Lewis Fabrication has decided to begin operations on a global scale, it realizes there is still much to learn. One of the fundamental things it must have knowledge on is the manner in which it can begin operations globally. Which one of the following would not be considered choice for starting international business operations for this company? a. Begin as an export-import business b. License a foreign business partner to produce and sell the company’s products c.Open wholly owned subsidiaries of the company in the Midwest d.Sell franchises of the business to foreign buyers e.Form a strategic alliance with a foreign firm