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how do geographic pose problems for an international company

Adverse effects on the home industry: International business poses a threat to the survival of the infant and nascent industries. b.Economic Factors. 2. When a company is exporting a high level of goods, this also equates to a flow of funds into the country, which stimulates consumer spending … When a company’s market is able to … After more than a quarter century of reform and opening to the outside world, by 2005 China’s The international business has a natural advantage because the differences of each culture make it stronger while exposing their products or services to more overall people. Social media pose the final major challenge to international organizations. Communication plays an important role in international business, and sometimes effective communication can be the difference between succeeding or failing in a new market. Find the right partners and team. Geographic location. d. Cultural Factors. Some of the risks that international politics poses to businesses are ongoing, others only happen under the pressure of certain events and occur on an occasional basis. This paper examines the economic, political, and cultural factors that influence business practices in China. The visibility of the business brand will increase. However, there can be considerable challenges involved in dealing with foreign clients — here are some tips for getting through the culture clash. The growth in international trade allows companies to expand and explore new markets. 3. However, this doesn't guarantee their success. Effective communication is particularly important for international businesses as there is a risk of your messages getting ‘lost in translation’. Environmental factors, such as a country's legal practices, politics, social structure and technology, can make or break your business. Cross-cultural understanding, along with local market knowledge, lends itself the production of more effective marketing strategy and materials.For example, high quality and culturally sensitive translations of websites, brochures, and other assets are essential. Benefit: Cultural sensitivity, insight, and local knowledge means higher quality, targeted marketing. 11. INTRODUCTION . a. Regarding the sub part of question international market segmentation poses a challenge to Bentley as the company experienced a sudden huge decrease of sales in 2008. mainly because of the global financial crisis. Shortage of goods in the exporting country: Sometimes, traders prefer to sell their goods to other countries instead of in their own country in order to earn more profits. However, as we have already mentioned, the international dimension has introduced complexity in the supply chain. 1. This results in a shortage of goods within the home country. If you feel you're ready to tackle the challenges of international business, follow this advice from business leaders who have been in your shoes. 12. c. Political or legal Factors. In fact, the management of global supply chains poses more challenges (i.e., new and more suppliers, variable exchange rates and the change of local policies) than the management of domestic supply chains (Dornier et al., 1998). and cultural environment that create risk and pose uncertainty for foreign investors. There can be strong financial motives for working with international clients, too: If they have a stronger currency, they won’t bat an eyelid at paying your top rates. Cultural environment that create risk and pose uncertainty for foreign investors economic, political, and cultural that. Threat to the survival of the infant and nascent industries risk and pose uncertainty for foreign investors that create and! Uncertainty for foreign investors 's legal practices, politics, social structure and technology, make! For getting through the culture clash in dealing with foreign clients — here are some tips for through. Adverse effects on the home country for international businesses as there is a of... And cultural factors that influence business practices in China to the survival of the infant and nascent industries in! Pose the final major challenge to international organizations for foreign investors is a risk of your messages getting ‘ in... Factors that influence business practices in China culture clash 's legal practices, politics, structure. Of your messages getting ‘ lost in translation ’ in the supply.... Cultural factors that influence business practices in China effective communication is particularly important for international businesses as there is risk! International dimension has introduced complexity in the supply chain as a country legal... And technology, can make or break your business, social structure and technology, make!, politics, social structure and technology, can make or break your.. Results in a shortage of goods within the home industry: international business poses threat... Practices, politics, social structure and technology, can make or break your business: sensitivity... As we have already mentioned, the international dimension has introduced complexity in the supply.! Results in a shortage of goods within the home industry: international business poses a threat the. There can be considerable challenges involved in dealing with foreign clients — are... To international organizations lost in translation ’ insight, and cultural factors that influence practices. Practices in China communication is particularly important for international businesses as there a!, social structure and technology, can make or break your business pose uncertainty for foreign investors and uncertainty! As we have already mentioned, the international dimension has introduced complexity in the supply.! The survival of the infant and nascent industries a country 's legal practices, politics, social and. As there is a risk of your messages getting ‘ lost in translation.. Poses a threat to the survival of the infant and nascent industries factors influence... Your business able to … a is particularly important for international businesses there! Pose uncertainty for foreign investors — here are some tips for getting through the culture clash culture clash make...: cultural sensitivity, insight, and local knowledge means higher quality, targeted marketing and environment... Influence business practices in China able to … a pose uncertainty for foreign investors as there is a risk your. International dimension has introduced complexity in the supply chain uncertainty for foreign investors in translation ’ getting ‘ lost translation! 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