INB205_Intl_Bus - INB205_WK1_DQs Describe the driving...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
INB205_WK1_DQs Describe the driving business forces in both the foreign and domestic environment. In what ways do they operate differently? Why? Provide an example. **There are two forces at work within domestic and foreign markets that influence how business will be conducted; namely, controllable and uncontrollable. Examples of uncontrollable forces are politics, natural disasters, and the economy. Controllable forces, such as: personnel, productivity, and salaries, are essential to meeting a business’ short and long-term goals. A few differences between the controllable and uncontrollable forces at work in foreign and domestic business are that in domestic business, there is more control over personnel, salaries, production, etc.; while in foreign business there is, to a degree, a lack of control partly due to the different politics, economy, or way of life. **There are five different driving forces for the foreign and domestic business environments are as followed: market, political, competitive, technological, and cost. Though they are the exact same types of forces, they differ from how they affect each business environment. With foreign businesses you have a lot more of a broaden audience to please. But, with each audience (country) comes different demands, laws, technology, cost, and the type of market. With different laws, one country you may be selling too may be happy to sell your product, but then their government may say no more to your product and there goes all your sales. With technological in different countries affect how your product will sale is huge. If the country your selling to produces a nice product that is identical to yours and made in their home country, then you lose business. Depending on the type of market and how much your product will cost, can have a large affect too. With domestic businesses, it's not quite as hard to sell to the consumers. If you are in the same country as the product you're selling, then you will not have as much difficulty to sell it with the different types of forces. Considering I just finished my Economic Theory class and just wrote a 10 page paper on the American auto industry, I believe that I will use that as an example. With gas prices going sky high over the past couple years, Americans have struggled to put gas in their cars. But what has the American auto industry and government done to make us more fuel efficient cars? Not much at all. That said, Japan saw that our auto industry failed to produce a competitive car at a great price for Americans during these hard times with ridiculous gas prices, so they figured why not give them what they want? Now, while our auto industry is needing a bailout because of it's own and government's mistakes, Japan is rolling in money because people are trading in their gas drinking SUVs and buying
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/09/2010 for the course INB 205 AAAA0NSI48 taught by Professor Deanmccullough during the Winter '10 term at University of Phoenix.

Page1 / 3

INB205_Intl_Bus - INB205_WK1_DQs Describe the driving...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online