Before entering a dark place, most people tend use some type light emitting device to provide direction and guidance; so they are able to see what is in front of them, so that Do not fall. The same principal should be used when attempting to sell overseas. Before attempting expand into a new market domestically; your success depends on research planning and timing. This will give you the necessary light needed to find out if you have the right offering, and pinpoint a high-potential customer base.
In addition, it helps you find the right partners to help you out your planning, then tapping consumer or business markets overseas have the potential to benefit your business tremendously. The cultural divide is still ever persistent, but the good news is that it’s getting smaller and smaller. It may never disappear totally because of the way most us tend to stay within our cultural bounds. Most of us Americans believe that we are supposed to be positive, dynamic and assertive no matter what but is the proper way to do things in other countries? Probably not. Yet, that’s the American way of doing things.
Many of us are pretty comfortable with our own customs but normally feel threaten when cross cultural lines. Normally we feel uncomfortable or even threaten when boundaries are crossed, but adjustments must be made for firms to be successful overseas. In most of the world, business is about people and relationships, win-win relationships built on mutual trust. Of course, business involves selling and buying and making money. But for the most of the world, good business follows mutual trust, not vice versa. Friendship comes before money talk.
The Business plan on Foreign Environments Affecting International Business
Businesses in general experience a wealth of issues that impact their ability to conduct business and remain successful. This is even more so the case with international business. Forces external to the company can decide whether a business is successful or fails and in particular, financial and political forces have some of the greatest impacts on today's organizations. The intent of this paper ...
In addition, mutual trust usually results from comfort levels they achieve with each other. Politically incorrect or not, let’s face it. It is more difficult to feel comfortable with people who don’t look like us or talk like us. The failure to adjust, to the difference between people can cause an organization to fail miserable when trying expand in overseas markets. After investigating which countries well be suitable for future expansion I found the nations of Singapore, Philippines and Vietnam to be well suite for our health care products.
All three nations have large numbers of people who like to maintain a mobile life style but can no longer move around freely. All of three these nations have the ability for great risk and reward. Singapore strategically located in the middle of Asia-Pacific and is becoming the business country of choice, having been identified as a excellent business and social infrastructure, and economic ties with many of the world’s economies. In addition it has a excellent telecommunications network, with sophisticated financial infrastructure, world-class transportation and information technology systems, has made it ideal location For business opportunities.
Her continual investment in a highly-skilled labor force, enhanced by the government’s emphasis on capabilities and innovation, healthcare and educational facilities, makes it an excellent choice, not only as a base for many businesses, but also as an attractive location for industry expertise and high value investments. In addition, Singapore plays a role as a connector between the East and West. With a population over 3. 2 million people and gross national product of $39, 000, 000, 000 it is one of the fastest Grown economies in the world. The national tongue of Singapore is English But there other official languages are Malay, Chinese and Tamil. The majority religion there is Islam but here many others.
The current political situation in Singapore is stable but recently Islamic terrorist insurgency of have started attack the government and Due business with the west. If the terrorist start to change the stability of the country it May find it’s self-falling to Islamic nation and lose many of its ability with regional links and appreciation for Asian cultures, it is unique competencies in modern technology, services and infrastructure, Singapore has a evolved into a vibrant, cosmopolitan, and international global business center. The Philippines is the third largest English-speaking country in the world. The country’s economy has showed resiliency amidst the Asian financial crisis, and is boosted mainly by its export-oriented manufacturing sector, particularly in electronics and automotive parts. The creation of export processing zones, including the former United States bases in, has facilitated a rise in foreign direct investment. The Philippines has pursued a policy of economic liberalization in the past decade, which has resulted in the liberalization of its retail trade, telecommunications, banking, mining, oil sector, and more recently its power sector.
The Essay on In The Modern Business World A Lot Of Contracts Are
In the modern business world a lot of contracts are concluded every day Imagine that you are a businessman, the head of American city. And you decided to conclude a contract with Danish company for the procurement of the goods and the associated services for the replacement of water-pipes in your city. Imagine that tomorrow there will be the negotiations under the new joint project. Both parties ...
The Philippine government is currently implementing reforms to strengthen its economy. It also has a quarter-century-old guerrilla war with Muslim separatists on the island of Mindanao, which had claimed 120, 000 lives, ended with a treaty in 1996. The majority of it’s population is Catholic but Islam is becoming a grow threat to the stability of the government with it’s desire to create a religious government. With population of over 86, 241, 697, GNP of $390. 7 billion the Philippines could be the Singapore of the future. Vietnam is a nation with rich natural resources and a well educated population of 80.
4 million; the literacy is over 90%. The nation moved away from communism 1986 in a move from a centrally planned economy to a multi-sectional one based on open market principles, and opening the door to foreign investment. The Government has abolished price control, legalized private ownership, freed the private sector, withdrawn support from a number of loss making state enterprises, opened up the country for foreign investment and has begun to introduce the framework and pursued monetary and fiscal policies. In order to double Vietnam’s GDP and to make it an industrialized nation by 2020 reforms were introduced.
The Research paper on Determinants Of Income Distribution Inequality In Vietnam
... flows in developing countries than in more industrialized nations. Population growth and population under 15 years of age are generally expected ... 4 parts, Literature review, Income distribution inequality in Vietnam, Regression models and Government policies respectively. In part one, we take ... of the first areas of the economy which had been deregulated and was opened to the private sector. Soon the ...
Vietnam has only been open to the world for 20 years therefore, its growth has been extraordinary. Vietnam’s economy has weathered the global economic slowdown of 2001 better than most other Asian economies, largely due to the fact that it is less integrated into the world economy and less vulnerable to declines in demand for its exports. Vietnam is growing economy with a bright future ahead of it. For our firm to expand international we must continue to make low cost product to support the ever-growing elderly population and challenge people of these nations the ability to moving around with little or trouble. Before we expand to any of these nations we need to ensure that have a firm understanding of their culture. Friendship and understand first, then the bottom line should be discuss…
References Retrieved October 5, 2002 web October 8, 2002 web October 10, 2002 web.
