You’ll want to provide a thoughtful, 100+ word response for each of the question
ID: 350500 • Letter: Y
Question
You’ll want to provide a thoughtful, 100+ word response for each of the questions. In your response, clearly demonstrate an understanding of the concepts from the readings and lecture notes relating to the topics. Incorporate examples in your explanation that demonstrates your understanding the material.1. Describe the major threats in doing business in global markets?
2. Why is it importance for businesses to giving back to the community? Discuss the long-term economic benefits companies receive for their philanthropic activities.
You’ll want to provide a thoughtful, 100+ word response for each of the questions. In your response, clearly demonstrate an understanding of the concepts from the readings and lecture notes relating to the topics. Incorporate examples in your explanation that demonstrates your understanding the material.
1. Describe the major threats in doing business in global markets?
2. Why is it importance for businesses to giving back to the community? Discuss the long-term economic benefits companies receive for their philanthropic activities.
1. Describe the major threats in doing business in global markets?
2. Why is it importance for businesses to giving back to the community? Discuss the long-term economic benefits companies receive for their philanthropic activities.
Explanation / Answer
A company is always prone to some external factors which changes its focus on International operations. The factors are responsible for all the changes in the international marketing strategies as well as policies of the organisations.
Some factor which affects business operations internationally are as follows
Increasing Competition
As the competition is growing and there are so many competitors are coming up with similar ideas in international markets. As international markets are huge and the number of businesses who are working internationally are also very big. Hence number of affecting competitors is also increased which directly affects the organisations overall capability and business operations. By having a tough competition in the same feel your company is dealing in, overall profit margins are reduced and we have to focus on better promotion strategy to compete with the other competitors as well.
Policies of government
Government policies is one of the most major factor that influences a company's overall international business operations. As the government policies changes company's business operations are diversely affected. At some places government policies can be against the company's business strategy and at some places it can be in favour hence it creates a difference between two places of doing business. Why these changes and policies of government a business is really affected internationally.
Natural forces
If a company lacks a natural resource then we cannot do anything about it, changes from place to place and in international market If a company cannot find a proper resource then it cannot survive in the same location.
Socio cultural factors
Socio cultural factors diversely effects companies international business operations, as the socio-cultural factors produces a cultural difference in the company as well as the workplace. In international market where different cultures are working all together, effect of social cultural environment is very big.
Demographic factors
Demographic factors are the one of the most influencing factors for affecting the international operations for a business. Demographic factors are uncontrollable and directly affects the company's over on productivity as well as diversity which affects its International operations.
Technological advancement
Technological advancement is taking place. Many companies are coming up with their own ideas who are more technically advanced and developing new ways to deal with the International markets which is increasing the overall thread for the companies in international platforms.
It is essential for the businesses to give back to the community as they are the backbone of the society and generating funds from the society is not the only responsibility. Long term Investments in terms of ethical returns is one of the most important parts of any organisation. By investing socially and increasing the overall compatibility with the market, companies are definitely prone to a positive brand image which increases there overall business in a positive way. Creating a positive brand identity in the market and developing an ethical structure which supports the organisations Idea and strategy according to the ethics and morals of the society is essential. This increment in social and ethical perspective of a company definitely increases the overall compatibility of the company towards the society and creates a positive brand image which directly effects there overall business in a very positive way in the society.
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