Question

Describe a future, major concern for international companies planning to do business in the world’s developing...

Describe a future, major concern for international companies planning to do business in the world’s developing economies. How might the international manager create opportunity out this concern? Refferences

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Answer #1

Major concern for international companies planning to do business in the world’s developing economies is as follows:

  • Company Structure: The structure of the organization is important to determine in order to stay competitive globally and to decide the locations of the teams.
  • Laws and Regulations: Understanding the local laws and regulations of the country of business is crucial for successful international business. It is very important to navigate legal requirements and tax implication on trading in particular country.
  • Global pricing strategy: While doing business overseas, setting prices for services and products becomes a challenge and a major consideration to remain competitive. A company must ensure profit before starting a business overseas. Cost of shipping, labor, production, distribution and marketing need to be considered.
  • Payment methods and currency rates: While trading internationally, it is important to determine payment methods of the other country. Moreover, the fluctuations in the currency rates is also a challenging tasks

A international manager can create opportunity out of this concern in a following way:

  • A manager should analyse all the locations where the company need to set the teams in order to stay competitive in the market.
  • A manager should do a deep study to understand all the law rules and regulations related to the trade before approaching any country to do business.
  • A manager need to develop strategies to make maximum profit from the new business by considering and calculating cost of shipping, labor, production, distribution and marketing.
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