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International Business Challenges PDF

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Added on  2021-02-20

International Business Challenges PDF

   Added on 2021-02-20

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Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................11. Concept of global business.................................................................................................12. Managerial and operational challenges of international business......................................23. Plan for entry into a new international market...................................................................3CONCLUSION................................................................................................................................4REFERENCES................................................................................................................................5
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INTRODUCTIONGlobalisation is the procedure to extended of products, technology, information and jobacross national borders and coutures. In the starting of 1980s there have been a largeglobalisation in economic and financial activities (Aguilera and Crespi-Cladera, 2016) . Hence,globalisation is defined in various ways from liberal, realist and heterodox orientation. As per thepoint of view of global business face various types of challenges like economic, political, legal,cultural and socio-economic differences among differences countries across the world. To betterunderstand concept of the report selected organisation Tesco, it is a British multinational retailer.It is dealing into groceries and general merchandise. The company Enter into internationalmarket of Vietnam and face different types of managerial and operational challenges ofinternational business. There are developing a plan for entry into a new international market. MAIN BODY1. Concept of global businessGlobal business refers as corporate or economic activity that select different places acrossthe countries. It is part of international trading where as global business conduct various types ofactivities like factories and distribution centres across the world. There are changingcommodities over great distances goes back a very long time. It is different from internationalbusiness where sale out of products at world wide level but has facilitate at their home country. Importance of global business Global business have various type of benefits of different types of companies. In presenttime with the help of advance technology increase international trading, sale products in foreignmarket. To conduct business at global level help to business spread out their market share,deduct costs and become more competitive. There are defined advantages of global business - Market expansion – Every company wants to dealing into different types of countries sothey expand to business activities. Tesco wants to open new stores into Vietnam so withthe help of global business they can access new markets and customers. Business Competition – International business can help to increase competition inmarket. When Tesco enter into new foreign market so face off competition with alreadyexists business. To gain large market they promote business in effective manner and sellproducts in cheaper price so it will create competition. 1
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