Appropriate Recommendations for Global Gear Ltd. in Latveria

International business

Contents
Contents...........................................................................................................................................2
Question 1. Appropriate recommendations in relation with the case study that was mentioned
in the case study...............................................................................................................................1
Question 2. Identification of different consideration which includes rule of man......................1
Question 3. Examination of the political risks that are related with the case study........................2
REFERENCES................................................................................................................................4

Question 1. Appropriate recommendations in relation with the case study that
was mentioned in the case study
It can be recommended from the case study that the firm which is mentioned in it that is
Global Gear Ltd. is a popular retail mattress firm which is mainly operating in South Korea and
is doing good business there in both online and offline platforms and thus it can be recommended
that since it is considering to operate in Latveria whose population is very high too as compared
to the country in which it is currently operating which is accounted at approximately 90 million
and thus there is a great chance of expanding the business and thus it can enable the company to
earn more amount of profitability and also it can help the organisation to grow in the market.
Though there is a tough competition in the Latveria region and the sales of mattresses that are
done there is mainly on offline platforms so it can become a challenge for Global Gear Ltd. but it
can use detailed research and analysis of all the market components so that it can help the
company to sustain and survive in the industry for a much longer time. apart from that it can also
be recommended that the corporation that is discussed above must increase its sales on offline
platform also so that it can cover a larger market share since 77% of the sales in Latveria region
comes from the offline platforms as online platform is not much used in that region as compared
to South Korea in which it is already operating and has a good volume of online sales. Also there
is a trade agreement done between Latveria and South Korea which helps in reducing tariffs and
thus reduces the amount of duties that the owner or the customer has to pay for the mattresses.
There are a lot of cultural differences too between both the nations and thus it can be
recommended that Global Gear Ltd. must analyse and evaluate all the aspects in detail so that it
can help the firm in adding value in the long term context (Blau, 2018).
Question 2. Identification of different consideration which includes rule of
man
Latveria is a different region for Global Gear Ltd. as its currency is Dinars and has a
different political, cultural, legal, economic, and environmental aspect and thus the firm must try
to incorporate with it in precision so that it can help the organisation to build its value there too
which can help it to become more and more profitable in the industry in which it is operational.
Also rule of man can be used in particular in this context since it is a rule that says that things
change from place to place or ruler to ruler and thus different aspects has to be adopted if one has