International Business Management: Entry Modes and Frameworks for Global Expansion

International Business
Management
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Executive summary
Global businesses are addressed as the transaction or the activities of the business which
takes place other than the own boundaries of the state. Mainly it comprises of the sale of
products which takes place between the different nationals. Moreover, by the way of cross
boarder trade, the countries can gain more foreign exchanges which also results in the facilitation
of the imports as well as exports. There also lies the various types of entry modes by which the
company can move forward in the other states. Licensing, foreign direct investment, exporting
are some of the said modes. Other than this the framework must have to be used by the company
in order to ensure its profitability and sustainability.
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Contents
Contents...........................................................................................................................................2
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Overview of the company....................................................................................................3
The Entry modes with respect to expansion in global market.........................................4
Meaning of international trade...........................................................................................5
Country of Choice.................................................................................................................6
Discuss the different types of frameworks in order to analyse the external, internal and
competitive environment of the company..........................................................................7
Recommendation..................................................................................................................9
CONCLUSION..............................................................................................................................10
References......................................................................................................................................12
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INTRODUCTION
The term international business management has been addressed as the management of
the operations of business which takes place within the organisations. Generally by this means it
serves and operates the markets in number of countries at the same time(Wieland, et.al., 2020).
Therefore there is required the understanding as well as skills more than that of the expectations
of the normal business, such as the capability of doing transaction related to multi currency and
also the management of the cross borders transactions. Similar to that of the normal one the
international business also comprises of the various aspects such as the directing, planning,
staffing, organising and controlling(Buckley, Enderwick and Cross, 2018). The company which
has been taken up for the said report is of the Hayward Tyler Ltd. Which specialises in
manufacturing and designing of the motors as well as pumps for the sector of energy. The
company being established in United Kingdom, offers number of services along with the use
advanced technology. The said report tries to draw various aspects related to the mentioned
company along with the entry modes which are being taken by the company for the purpose of
its international expansion. The report also analysis the other aspects with the help of various
tools such as PESTEL, SWOT and model of Porters 5 forces.
MAIN BODY
Overview of the company
The company named Hayward Tyler Ltd. Being situated in united kingdom,
mainly executes its business operations in the sector of manufacturing. The company is
considered as one of the leading one in the whole industry which also helps in enhancing its
brand image along with its durability as well relatability among the customers. The major areas
in which the company is dealing are of the manufacturing of the pumps and motors and that too
with the use of oil and power. Because of such reasons the Hayward Ltd is also reasoned as one
of the best quality providing company specifically related to the motors and pumps(Armijo,
2019).
Moreover, the company with the service of 2300 Bcps and 600 nuclear pumps in the
international market the company has very well managed to gain the long term reliability in the
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