painting company expanding globally

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Running head: STRATEGIES FOR ENTERING INTERNATIONAL MARKETS 1 Strategies for Entering International Market Name Institution
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Strategies for Entering International Market 2 Abstract In order to establish one’s self in international markets, a business needs to examine both economic and political factors that affect business in different countries. This can be done by gathering historical data on the countries’ economic position as well as political. In addition, businesses should get acquainted with laws that affect business in that country. This paper focuses on political and economic issues that would painting company would face as it tries to establish itself on the international market and specifically in France. Political issues that will arise as the organization expands globally are those that are related to political conditions of the country and political issues that may affect the business in the international market. Political risks may be referred to as a country’s willingness of a country to pay the debts and maintain a good business environment for foreign investors. While doing business in other countries, the company will have to be familiar with countries’ laws (Perry, n.d.). For example in United States, the company will have to pay extra taxes as well as import duties while importing products from other countries. Therefore, legal complexities present a challenge to business expanding to international markets and without proper legal advice the company may encounter a lot of penalties and fines (Perry, n.d.). This can be avoided by having an excellent team of lawyers who are aware of home country’s laws that affect the company.
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