The organization you work for is interested in expanding their business
overseas. You have been asked to gather some preliminary information to
help management decide on whether to pursue this idea further.
Use online resources to find an article describing an experience of
either: (1) a US company or division that conducts business in a foreign
country; or (2) a company or division based in another country which has
started doing business in the United States. Perform searches on
“joint venture,” “licensing,” or “strategic alliance.”
Based on your research submit a document to the managers of the
organization which answers the following set of questions:
Was the company’s experience positive, negative, or mixed? Justify
your answer.
What legal or political barriers did the company have to overcome? What
technologoical obstacles did the company encounter? What cultural or
business differences did the company encounter? What problems did these
differences create for the company? What did the company do to overcome
the obstacles? Did the company handle cultural and business differences
effectively? Why or why not?
Business Homework Solutions
#51546
Global Business
Gathering information to help management decide whether or not to purse the idea of expanding business overseas.
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The organization you work for is interested in expanding their business overseas. You have been asked to gather some preliminary information to help management decide on whether to pursue this idea further.
Use online resources to find an article describing an experience of either: (1) a US company or division that conducts business in a foreign country; or (2) a company or division based in another country which has started doing business in the United States. Perform searches on "joint venture," "licensing," or "strategic alliance." Based on your research submit a document to the managers of the organization which answers the following set of questions:
1. Was the company's experience positive, negative, or mixed? Justify your answer.
2. What legal or political barriers did the company have to overcome? What technological obstacles did the company encounter? What cultural or business differences did the company encounter? What problems did these differences create for the company? What did the company do to overcome the obstacles? Did the company handle cultural and business differences effectively? Why or why not?
Based on research, this solution looks specifically at Kia-Hyundai as an illustrative example in terms of the effects of global expansion. The company's global experiences are evaluated as positive, negative, or mixed. Several barriers and obstacles are also explored, including any legal or political and technological obstacles, cultural or business differences, as well as the problems these differences might have created for the company. The company strategies developed to overcome these obstacles are further detailed based on their effectivenesses. Supplemented with a detailed article on Kai-Hyundai.
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