Report about International Business 2022

Running head: INTERNATIONAL BUSINESS
INTERNATIONAL BUSINESS
Name of the Student:
Name of the University:
Author’s Note:

INTERNATIONAL BUSINESS
1
Table of Contents
Part A:-.............................................................................................................................................3
Challenges and Opportunity of Canadian Business.........................................................................3
Opportunities:-.............................................................................................................................3
Business Threat Modification:-...............................................................................................3
Different consumer Contact:-..................................................................................................3
Minimum Cost:-.......................................................................................................................4
Challenges:-.................................................................................................................................4
Financial Threat:-.....................................................................................................................4
Political Hazard:-.....................................................................................................................5
Cultural Threat:-......................................................................................................................5
Part B:-.............................................................................................................................................6
Influence of Globalization on Canadian Business...........................................................................6
Goldcorp:-....................................................................................................................................6
Shoppers Drug Mart:-..................................................................................................................7
La Belle Province:-......................................................................................................................8
Part C:-.............................................................................................................................................9
Proposal of Global Business Venture..............................................................................................9
Business Venture:-.......................................................................................................................9
Available Opportunities in Foreign nations:-..............................................................................9
Conclusion:-...................................................................................................................................10
References:-...................................................................................................................................11

INTERNATIONAL BUSINESS
2
Part A:-
Challenges and Opportunity of Canadian Business
The rapid progress of developing markets and the development in communication, data
and technologies have adapted the global markets' arrangement in the previous few periods.
Canadian industries may face several prospects and challenges though entering into global
markets that are specifying in this first part of the report.
Opportunities:-
The several prospects recognized for Canadian businesses expanding or entering global
markets are as follows,
Business Threat Modification:-
The commercial risk involved in functioning any market also decreases by arriving into
overseas markets. A business threat indicates that possible risk that action may unsuccessful and
if a business is entirely dependent on one nation, from supply and market viewpoint, natural
tragedies, political or negative financial factors in Canada can cause remarkable action (Bégin et
al, 2016). Consequently, the arrival in worldwide markets supports them to access innovative
markets and control in several economies that decreases the disappointment of the process
because the industry is functioning in several markets.
Different consumer Contact:-
Canadian companies arriving in global markets have the chance to participate in a more
expanded atmosphere and access new clients. Canada is grading at 0.65% of the entire

INTERNATIONAL BUSINESS
3
population of the universe. Selling and delivering facilities and imports to other 94.35 % would
be very valuable and pleasing for Canadian businesses.
Minimum Cost:-
Additionally, offshoring has developed a predominant denotes to try to decrease the
budgets. In this way, Canadian industries can transfer their corporate action to alternative
country, and new processes can be forming in other nations like China that suggests inexpensive
labour and can support to decrease expenses. Several enterprises can increase cost-benefit by
presenting and vending their goods and improving sales capacity can lessen their average and
entire production costs.
Challenges:-
Several prospects are presented to the businesses when they enter in universal markets
like business threat modification, different consumer contact and minimum Cost. The however
successful global strategy also carries specific terrifying challenges counting political dangers,
financial risks, cultural threats, sponsoring and access to markets.
Financial Threat:-
The Canadian businesses can face by arriving into universal markets is the financial
hazard that mentions to the possibility of the state's financial strategies and environments,
safeties, property moralities, currency altercation rates to unfavorably influence the firm
operations. The administrators of the businesses might have to face remarkable contests due to
the financial threats because of the impulsiveness of markets.