Of course of importance is culture The cultural difference can determine

Of course of importance is culture the cultural

This preview shows page 1 - 2 out of 2 pages.

Of course of importance is culture. The cultural difference can determine whether the business is successful or not. Are there dietary, religious or lifestyle considerations that might affect your business? Last but not least, certainly nowadays, is terrorism is a subject to carefully investigate. When thinking about expanding it is essential that the business case responds to the challenges, adversity, and rewards of expanding overseas. A market study to understand the market's personality, economic feasibility, market trends, financial cost patterns, and market forecasts. Do a financial feasibility study to determine if the move makes financial sense. Intellectual property and trademark protection, and making sure the governmental authorities in that location recognize and protect the businesses proprietary needs. Partnership and liaison relationship development, seek opportunity by engaging in a "local" partnership with an existing client or supplier. Edwin References: Abner, B. (2015), Considerations before taking your business international. Retrieved from Coyle, J. J., Langley, C. J. Jr., Novak, R. A. & Gibson, B. J. (2017). Supply Chain Management: A Logistics Perspective, Tenth Edition . Boston, MA: Cengage Learning .
Image of page 1
Image of page 2

You've reached the end of your free preview.

Want to read both pages?

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture