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Introduction to International Business Assignment

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Added on  2020-05-08

Introduction to International Business Assignment

   Added on 2020-05-08

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Running head: Introduction to international business Introduction to international business
Introduction to International Business  Assignment_1
Introduction to international business The paper presents a brief overview of the global business in developing the market. Itexplains that how the companies can expand its business activities and operations in developingcountries. It describes the various key issues which the companies will have to face whileconducting business activities and actions in developing countries. In this era of growingbusiness trade over the countries, companies are showing their vast development. These globalbusinesses have to face various difficulties while the expansion its business in developingcountries and they have to put efforts to prove themselves in front of the other markets in orderto generate good investment from large firms. To expand their trade business they arerecommended to plan proper strategies. It is not easy to think about going in the developingmarkets. These markets demand a lot from the company which puts pressure on marketingproducts effectively and efficiently. As there is an evolvement in economies of underdevelopedcountries there is a reason for such companies to react enthusiastically. A large number ofmarkets designated under economic growth shows interest. The countries that are developingtheir trade globally cannot be ignored. They are expanding not only geographically basis rathersocioeconomically. The area under development covered by them is a vast area. They have adirect approach to the world’s advanced countries. These global businesses show strongeconomic performance and also uses advanced technologies to expand their trade. They involvein developing infrastructure and improving healthcare (Dahan, Doh, Oetzel and Yaziji, 2010). These developing global businesses open the door to foreign investment which allowsthem to access new capital. This benefits the companies for doing trade in different fields andmakes them grow in effectively in emerging markets. It becomes a great opportunity for thecompanies that trade on small scale in order to get success in such competitive world foreconomic development. The opportunity to these small businesses provides new services to theconsumers more personally by working with companies within the country in order to expand theeconomic infrastructure of the business. This gives chance to small traders to publically showtheir branding in the market (Sheth, 2011). The keys to growing in the world of business are the amount of research work one puts inand the type of strategies planned to make growth and success. The company has to go throughmany challenges in order to grow in the emerging market. This creates big opportunities for largecompanies. When the company adapts the use of technology then the emerging of new2
Introduction to International Business  Assignment_2
Introduction to international business opportunities could be seen. Hence the growth of global business takes place with the adaptationof new technologies (Peng, 2012). The international economic culture of the company helps in encouraging the distributionof goods and services between the continents largely. The small businesses take advantage of thebusiness opportunities by investing their time and capital in the emerging markets of the countryall over the world. The society of emerging markets has a potential and capable labor. Thisresults in greater advantages for the company to establish their trade business in the company(Madawaki, 2012).Since these markets also consist of upper-class population hence the growth towardsbusiness increases demand for new kinds of goods among the society. The consumers show greatinterest in purchasing more of luxurious items that were unavailable previously. The smallbusiness can be benefited from such advantage by accepting the opportunity to provide theseproducts to customers who never purchased them before. The establishing of the brand inemerging market eliminates the chance of competition. The emerging economy can be a freshterritory for the products provided by the company (Hill, Cronk and Wickramasekera, 2013). Thecompany can acquire a good amount of share in the market by being the first one in meeting theconsumer's demand. With the growth towards emerging market company also becomes a part ofgrowing infrastructure. When these small businesses expand themselves in the competitivemarket it gives an opportunity to take a step in the economic system of the market. The companyhas to be capable enough to emerge in the economy (Kose, Otrok and Prasad, 2012). The globalbusiness in developing countries increases in company growth and success in the new market.This small business that opens later has higher chances of being in the market. The Companydiversifies itself rather than operating in one place which more likely becomes an outcome ofsuffering. Further, the companies face various challenges while conducting business indeveloping countries. The firm has to bear a lot of losses while deriving the business activities indeveloping countries. The benefit could only be done by the fluctuated value of operating inbusiness in different currencies. The company gains reputation when it is able to fulfill thedomestic demands of consumers. Running business outside the boundaries can raise profits as itbecomes easy to reach more and more people (Boso, Cadogan, and Story, 2013).3
Introduction to International Business  Assignment_3

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