Select a U.S. based company who expanded overseas and discuss the following Deli
ID: 468271 • Letter: S
Question
Select a U.S. based company who expanded overseas and discuss the following Delineate the legal systems and discuss which legal system and political ideology applies to the country you chose that the company does business in. • Delineate the economic systems and discuss which economic system applies to the country you chose that the company does business in. • Discuss the culture of the country (both verbal and nonverbal) and how it may impact the way the company does business internationally. Introduction 2. Competition(both domestic and foreign 3. Geography 4. U.S. based company 5. Economic system 6. Culture 7. Legal/Political
Explanation / Answer
The company which have selected for discussion is General Electric ( GE). They are into diversified business across global.
While considering through the legal and political system of the company they are very much abided to global legal systems for trade agreement, manufacturing and human resource management. Due to their global presence they follow different legal systems as per the country norms. In APAC region where labour issues are very prominent, GE always take care of better emeployee retention and employee welfare plans. This helps company to hav a long run in all region due to better political and legal strategy.
Delineate the economic systems and discuss which economic system applies to the country you chose that the company does business in
Economic diversity is one of the major problem that the company is facing in the last few decades. Economic instability in US and Europe and growth in BRIC nations actually switching their strategy for economy basis. This has both pros and cons for a company as such. It helps in growing or moving to emerging market. GE health care and energy divisions has huge presence in asia pacific region.
Discuss the culture of the country (both verbal and nonverbal) and how it may impact the way the company does business internationally. Introduction
Culture is very systematic and flexible according to regional specific. They follow a little bit of localized culture to maintain employee and management harmony. At the same time process related activities and well in controlled and manage all such lean practices such as six sigma.
Competition(both domestic and foreign 3. Geography 4. U.S. based company
Competition is always there in the industry. GE health care and energy have their major competition from Philips, Schneider , Hitachi etc. Thus stiff competition actually makes GE more and more competitive through better R&D and positioning strategy. Domestic competition can be beat to an extent through varying pricing strategy and better makret engagement, while international competition can be beat only through cost cutting strategies and better market placement
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