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Any clear definition of a business should be accompanied by an understanding of who the customers are in that business. The next step is to develop an understanding of what global business product characteristics those customers value.
One of the newest stories on the business frontier in Asia is Vietnam, which is well positioned to become the region’s manufacturing and trade hub across a range of sectors. Here’s what you need to know.
The ultimate market entry strategy a company might pursue on its own is to build a wholly owned subsidiary in the target market. This is a form of foreign direct investment and they are usually referred to as Greenfield investment strategies.
Africa is open for business and ripe with opportunities, but they go largely untapped by North American firms, which have been hesitant to enter markets where their European and Asian competitors are already doing business – and profiting from it.
Historically in an adversarial relationship with other major players in the global business environment, the NGOs, which form part of what is collectively referred to as “civil society”, have garnered significant political currency as the issues they champion become higher profile and priority across the globe. NGOs have gone from “fringe” to mainstream in the international trade and global business environment.
While these factors are considered when making assessments of risk—in the context of developing a global business financial plan—they should be viewed in terms of the cost of sales or purchases and market competitiveness.
The first innovation challenge for an international business is that at least a portion of its customers are in other countries. Finding out what they…
When doing business internationally, there are numerous areas for negotiation. What happens if the merchandise is damaged during transportation? What inspections or authorization paperwork is…
The importance of personal relationships varies throughout the world, but relationship building skills are important for any business professional. This is affected by other competencies…
Business has gone global. That’s hardly news anymore. But for the first time in history, the world marketplace is open all day, every day, unrestricted…
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