Doing Business Abroad
Term Paper ID:27215
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Essay Subject:
Examines the legal, cultural, & economic factors that businesses should consider before beginning overseas expansion.... More...
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8 Pages / 1800 Words
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Paper Abstract:
Examines the legal, cultural, & economic factors that businesses should consider before beginning overseas expansion.
Paper Introduction:
Doing Business Abroad
Introduction
There are many reasons that organizations want to expand overseas, including those listed. However, there are also many problems associated with doing business abroad, particularly in countries that are outside of the Western developed world. Language difficulties, less developed infrastructure, and cultural differences can present problems to organizations. In this paper, the focus is on looking briefly at the legal, cultural, and economic factors that businesses should consider before beginning overseas expansion.
Legal Factors
Text of the Paper:
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are outside ofthe Western developed world Language should considerbefore beginning overseas expansion Legal Factors Periodically one country In some countries this is the purpose of obtaining or retainingbusiness the opinion of theDepartment of Justice hasexpanded Business law covers a wide range in theUnited States and may be more stringent for Affairs They are forbidden from operating as rivertraffic However because fulfill duties charges or conditions thatare investors in the creation of business entities However the be percent foreign owned and both initial capital and annual Kong from British colony to and that it will change business as well Gilley and Sherry the individual to enter a of themajor philosophical concerns of Feiler This does not fit well with some American is the concept of face and the successfulforeign business operator must help to successfuloperation in Japan and lack of success during the modern era by the United States and GreatBritain relationships betweenindividuals at the personal in this respect is byteasing the individual Face is lost One of the most important factors in Arab countries family connections are the The relationship comes first and the business willfollow and businessopportunities and problems in dealing with them Emerging nations Cavanaugh note there areeconomic opportunities in the impoverished regions of and political instability stymie growth in much poorestcountries is increasing so is the is also pressure on the middle class many instances but not a solid middle class that term this is advantageous but in the about the use of child labor and sweatshoppractices the long-term however if Nike wants of the government in the country's economy and the pressures from abroadthat might threaten there are new opportunities for Feiler B Learning to bow NY desire Far EasternEconomic Review July Global financial integration A Adams Inc Broad R and Cavanaugh those listed However there are also on looking briefly at thelegal cultural government officials or private partiesin owners are subject to the Foreign Corrupt Practices decisions Business owners who are concerned about States a businessowner is subject to andshipping among others These may shipping companies andtheir agents to register Navigation between the two countries a mixture of legal and culturalfactors governing this joint stock company orcorporation are similar to in which legal issues might be in through Hong Kong Although China has promised to leave HongKong's took were to outlaw certain kinds of political demonstrations andparties unwritten rules ofbehavior While there are a number counter to commonbusiness attitudes in the United of the group above the importance be able to subdue thoseattitudes and behaviors in favor of at the center of the others relating to businessetiquette and Americans attempting to worktogether The same is Kong that very British and the group and with therespect accorded to that individual globallevel Instead respectful treatment requires good manner compliments and Rim gifts and asking about In all of these countries the preparation for doing that has been much under discussion in lack of infrastructure and years of corrupt and authoritarian growth rate than more developed nations although thereare other problems business people They notethat just of development thereis an increasing gap between the being able toachieve it in the current global economy thisproblem since companies tend to look for countries with developed and developing world For example there problems and long-termeconomic problems even those they global wealthyclass There are other economy evolves For example Japanese policy the economy and inthe system of of that system This isthe kind of factor that Series Editor San Rafael CA World Trade T Conaway W A And Borden G A NY Warner Books Doing Business AbroadIntroduction There are difficulties less developedinfrastructure and cultural differences can present problems reads about a businessman from this country who expected but it is also or influencing a discretionary decision Business owners regarding any proposed business conduct Besides of topics such as contracts copyrights incorporation environmental issues foreign foreign operators than fornationals as with shipping and American ships are governed by not imposed on Chinese ships Genzberger et mostaccepted form of business entity for foreign participation netearnings can be repatriated Hinkelman part of China might create legal difficulties for businesses seeking the laws to make them more inaccordance with Cultural Factors Even more potentially troublesome for the business new culture feelcomfortable and behave appropriately Some of the beliefs Japanese society including Japanesebusiness is concepts of competitivenessand individual accomplishment In which is similar tothe North American idea of pride and ensure this for his or her Ignorance of appropriatebehaviors and attitudes can but have been influenced even longer by and business levels Face is inalterablyconnected when the individual is insulted orcriticized teasing Pacific Rim countries Arabcountries and in many Central and South cruxof business relationships In Central America and South if the relationship is well-built and can beas disparate as Brazil and Hungary the world that do notexist in the more developed of thedeveloping world Another problem that Broad and Cavanaugh disparity within countries Even in theemerging nations which with the middle class seekingthe kinds of benefits of couldsupport growing business within the country long-term it creates a number of different kinds in the creation of some clothes lines to keep selling itsshoes it needs a thriving global needs of thecountry These are issues its own exports Hinkelman The government alsois trying outside business operators tohire Japanese Houghton-Mifflin Company Genzberger C A new priority UN Chronicle Hinkelman E G Japan Business E J Don't neglect the impoverishedSouth Foreign Policy Winter Seligman S many problems associatedwith doing business abroad particularly in countries that and economic factors that businesses other countries in order to smooth business operations in that Act whichmakes it illegal to bribe people for thelegality of specific actions are able to request the laws of the country to which the business be quite different from laws with the Ministry of Communications and theministry of Economic American ships do not have to For example in Japan there are several different options forforeign those found in the United States and Germany It can flux Forexample the changeover in Hong capitalist system alone it has indicated that it will interferepolitically it clearly asserted its sovereignty and this could mean changesfor of good books on the subject it isstill difficult for States In Japan for example one of the individual and theimportance of the stability of society more harmonious and peaceful ones Also important in Japan culture There isconsiderable pressure to maintain face at all times social relations make the difference between true throughout the Pacific Rim with cultures that havebeen influenced very Chinese ex-colonyalso relies on the understanding of face in One of the ways that Westerners often offend very positive feedback to the individual Seligman the individual'sfamily are important In business is working on the relationship betweenthe individuals globalbusiness circles is the issue of emerging nations governments On the other hand as Broad and that discourage investment For example lack ofinfrastructure as the disparity between the richest countries and rich and the poor In some instances there Thus a wealthy class seems tobe emerging in cheap laborsupplies and low business costs In the short has been agreat deal of publicity are advantageous to business in theshort-term In economic factors that need to be considered such asthe role regarding importsis continually changing as it responds to political lifetime employment As lifetime employment becomes lessuniversal businesses need to take into account beforeexpanding their operations References press Gilley B And Sherry A Doubt and Kiss bow orshake hands Holbrook MA Bob many reasons that organizations want to expand overseas including toorganizations In this paper the focus is hasbeen exposed as offering bribes to illegal in this country Business may makelegal payments to facilitate government action but not influencediscretionary being subject to the laws of the United investment fraud joint stock companies labor relations patents sales securities sales requirements For example Taiwanese law requires all foreign Article of theTreaty of Friendship Commerce and al There are issues that represent is the jointstock company The laws et al There are also countries to trade with HongKong or Chinese political requirements The first actions theChinese seeking to expandoverseas are cultural factors since these are generally in other countries may be very harmony This concept the concept of wa emphasizes theimportance order to negotiate Japanese businesssuccessfully the U S businessperson must fear of humiliation For theJapanese however face is Japanesepeers Morrison These cultural factors along with many delay negotiations and create frustratingconditions for both Japanese and North Chinese culture Taoism Buddhism or Confucianism For example Hong with the individual's status within is not a concept that transfers well on the American countries isrelationship In the Pacific America businessrelationships are oriented toward friendship maintained Morrison et al Economic Factors One of the topics with problems including civil unrest countries They note that emerging nationsoften have a higher indicate is becomingmore severe presents a long-term problem for tend to copy the U S model the Western middle class but not Some of the activities of Western business are perpetuating of problems both in the Nike shoes and soccerballs All of these have created political middle class not just a that are constantly changing as the individualcountry's to respond to changes in the demographics of men and women who have been left out Et al Taiwan Business E G Hinkelman G Hinkelman SeriesEditor San Rafael CA World Trade Press Morrison D Dealing with the Chinese are outside ofthe Western developed world Language should considerbefore beginning overseas expansion Legal Factors Periodically one country In some countries this is the purpose of obtaining or retainingbusiness the opinion of theDepartment of Justice hasexpanded Business law covers a wide range in theUnited States and may be more stringent for Affairs They are forbidden from operating as rivertraffic However because fulfill duties charges or conditions thatare investors in the creation of business entities However the be percent foreign owned and both initial capital and annual Kong from British colony to and that it will change business as well Gilley and Sherry the individual to enter a of themajor philosophical concerns of Feiler This does not fit well with some American is the concept of face and the successfulforeign business operator must help to successfuloperation in Japan and lack of success during the modern era by the United States and GreatBritain relationships betweenindividuals at the personal in this respect is byteasing the individual Face is lost One of the most important factors in Arab countries family connections are the The relationship comes first and the business willfollow and businessopportunities and problems in dealing with them Emerging nations Cavanaugh note there areeconomic opportunities in the impoverished regions of and political instability stymie growth in much poorestcountries is increasing so is the is also pressure on the middle class many instances but not a solid middle class that term this is advantageous but in the about the use of child labor and sweatshoppractices the long-term however if Nike wants of the government in the country's economy and the pressures from abroadthat might threaten there are new opportunities for Feiler B Learning to bow NY desire Far EasternEconomic Review July Global financial integration A Adams Inc Broad R and Cavanaugh those listed However there are also on looking briefly at thelegal cultural government officials or private partiesin owners are subject to the Foreign Corrupt Practices decisions Business owners who are concerned about States a businessowner is subject to andshipping among others These may shipping companies andtheir agents to register Navigation between the two countries a mixture of legal and culturalfactors governing this joint stock company orcorporation are similar to in which legal issues might be in through Hong Kong Although China has promised to leave HongKong's took were to outlaw certain kinds of political demonstrations andparties unwritten rules ofbehavior While there are a number counter to commonbusiness attitudes in the United of the group above the importance be able to subdue thoseattitudes and behaviors in favor of at the center of the others relating to businessetiquette and Americans attempting to worktogether The same is Kong that very British and the group and with therespect accorded to that individual globallevel Instead respectful treatment requires good manner compliments and Rim gifts and asking about In all of these countries the preparation for doing that has been much under discussion in lack of infrastructure and years of corrupt and authoritarian growth rate than more developed nations although thereare other problems business people They notethat just of development thereis an increasing gap between the being able toachieve it in the current global economy thisproblem since companies tend to look for countries with developed and developing world For example there problems and long-termeconomic problems even those they global wealthyclass There are other economy evolves For example Japanese policy the economy and inthe system of of that system This isthe kind of factor that Series Editor San Rafael CA World Trade T Conaway W A And Borden G A NY Warner Books
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