Of course of importance is culture the cultural

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
.