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Exploring International Business Strategies: Success Factors and Challenges

   

Added on  2019-09-23

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TRENDS IN GLOBAL BUSINESS ENVIRONMENT1 | P a g e
Exploring International Business Strategies: Success Factors and Challenges_1

Table of ContentsIntroduction:...............................................................................................................................3Body:..........................................................................................................................................3General:......................................................................................................................................4Discussion:.................................................................................................................................5Conclusions:...............................................................................................................................6Reference list:.............................................................................................................................72 | P a g e
Exploring International Business Strategies: Success Factors and Challenges_2

Introduction:Presently, globalisation is shaping by the tug of war among policy threats and economicfundamentals. In 2018, the international business faced new types of obstacles withconducting business in foreign countries. In this time, major policy threats turned to realityfrom rhetoric. The tit-for-tat tariff has been increased during that time among the US and itstrade partners.Meanwhile, countries advanced their localisation policies of data, tightened the corporatetakeovers screening and clamped down on the immigration. This situation started to affectsome international flows. For example, it created a decline in foreign direct investments andreduced the growth of the trade.This report is intended to describe the trends in global environments. This report sheds lightson how an organisation can compete with other organisation, where an organisation cancompete and how an organisation can organise them to achieve competitive advantage.Body:This reports demonstrated that an organisation must look for the long-term growth strategy towin the competition over the competitors and avoid temptations to respond to the short-turndevelopment of the organisation. The article has mentioned the fact that arbitrage and theaggregations are two main elements that can directly create value across different countries.For achieving the competitive advantage, the main thing on which an organisation needs toprovide its focus is where they should compete (De Wit et al. 2017). Prevailing policy trendsdescribes that an organisation must expand their business in those countries or locationswhere they can achieve excellent support that means an organisation must grow theirbusiness in those countries where they can make openness (Hazelkorn, 2015). Various tradeagreements are effective in offering free trade among different countries. EU and Japan freetrade agreements are one of these trade agreements that are highly effective in conductingopen business among the EU and Japan. In that context, Japan has developed a trade agreement with the EU countries because theyhave recognised that EU countries have a higher level of openness for foreign countries tostart their operations. For this reason, the trade relationship has been developed among theEU countries and Japan (Hazelkorn, 2015). The article also mentioned the fact that if anorganisation changes its geographical footprint or competitive strategy, then it must be3 | P a g e
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