Friday, October 25, 2019
Global Expansion Essay -- essays research papers
Before entering a dark place, most people tend use some type light emitting device to provide direction and guidance; so they are able to see what is in front of them, so that Do not fall. The same principal should be used when attempting to sell overseas. Before attempting expand into a new market domestically; your success depends on research planning and timing. This will give you the necessary light needed to find out if you have the right offering, and pinpoint a high-potential customer base. In addition, it helps you find the right partners to help you out your planning, then tapping consumer or business markets overseas have the potential to benefit your business tremendously.      The cultural divide is still ever persistent, but the good news is that it's getting smaller and smaller. It may never disappear totally because of the way most us tend to stay within our cultural bounds. Most of us Americans believe that we are supposed to be positive, dynamic and assertive no matter what but is the proper way to do things in other countries? Probably not. Yet, that’s the American way of doing things. Many of us are pretty comfortable with our own customs but normally feel threaten when cross cultural lines. Normally we feel uncomfortable or even threaten when boundaries are crossed, but adjustments must be made for firms to be successful overseas. In most of the world, business is about people and relationships, win-win relationships built on mutual trust. Of course, business involves selling and buying and making money. But for the most of the world, good business follows mutual trust, not vice versa. Friendship comes before money talk. In addition, mutual trust usually results from comfort levels they achieve with each other. Politically incorrect or not, let's face it. It is more difficult to feel comfortable with                                              people who don't look like us or talk like us. The failure to adjust, to the difference between people can cause an organization to fail miserable when trying expand in overseas markets. After investigati... ...ly been open to the world for 20 years therefore, its growth has been extraordinary. Vietnam's economy has weathered the global economic slowdown of 2001 better than most other Asian economies, largely due to the fact that it is less integrated into the world economy and less vulnerable to declines in demand for its exports. Vietnam is growing economy with a bright future ahead of it. For our firm to expand international we must continue to make low cost product to support the ever-growing elderly population and challange people of these nations the ability to moving around with little or trouble.      Before we expand to any of these nations we need to ensure that have a firm understanding of their culture. Friendship and understand first, then the bottom line should be discuss. .                     References Retrieved October 5, 2002 http://www.cia.gov/cia/publications/factbook/geos/rp.html Retrieved October 8, 2002 http://lcweb2.loc.gov/frd/cs/vntoc.html Retrieved October 10, 2002 http://www.singstat.gov.sg/
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