Assignment:
Quick Summary: I picked country BOSNIA to possibly outsource PENTAIR company to. I need as much information as possible to complete at least a 2 page paper.
1) GEOGRAPHIC and INFRASTRCTURE
- Identify geographic factors (climate, terrain, waterways) that could influence - positively or negatively - your business activities in the country.
- Analyze the infrastructure of the country with regard to availability of transportation, communication, and utilities that will affect your entrance into this market.
2) CURRENT ECONOMIC CONDITIONS
- Assess the country's recent economic conditions related to GDP, inflation, interest rates, currency value, personal income, and employment. Suggest how these economic factors may attract or deter foreign investment by your company.
3) DEMOGRAPHIC and SOCIO - CULTURAL FACTORS
- Identify demographic trends (such as birth rates, literacy rates) that might influence business activities in the country. (Lower birth rates result in an aging population with expanded demand for health care.)
- Discuss language, customs, traditions, and beliefs of the country. Identify any factors that could affect your proposed business either positively or negatively.
- Analyze the influences of social institutions (family, church, labor organizations) on the business culture. (In some countries, a strong tie exists between family and business.)
- Describe informal trade barriers created by social and cultural factors. (Communication styles and negotiating tactics vary around the world resulting in the need to adapt to the host country's culture.)
4) RECOMMENDATIONS
- Recommend actions that might be taken related to geographic and economic influences in this environment.
SUBJECT: International Business Environment and Operations