Project on International business

            The art of making interconnections with others in different parts of the world is very important in the business. It makes one become an effective business person and leader since he/she understands how to connect with others. I chose t have respondents from Brazil, Germany, China, France, and Turkey. I learnt that the development of the business contacts helped in opening up the market base and having diversity. An individual who has many contacts outside their locality are more exposed and informed of the business environment in their line of specialization. Doing business globally has new opportunities for growth and incomes. However, there are significant risks and challenges as well. The considerate factors in the international business are legal issues, language issues, cultural barriers, supervisory oversight, and the political problems. Doing business in Brazil is complicated and many outsiders prefer to have partnerships. In Germany, there is an excellent investment climate and offers international businesses significant economic conditions. In China, a business can thrive well but it requires patience, cultural understanding, and perseverance. Doing business in France is likely to have economic and cultural challenges; hence the investor has to be prepared. Turkey has a number of challenges that it poses to any international investor.

            I intend to strategize on how best to do business internationally by considering the pros and cons of every country. The analysis is not only on the economic issues, but also on the language, culture, legal, and other essential services. I will use the knowledge acquired to make informed decisions on the best places to set up a business, import goods from, export goods to, and also form partnerships. A country may be good for importing goods, but has challenges in setting up businesses. Every person interested in international business should consider all the factors through international relations with others.

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