Understand the strategies used by international businesses

Human resources management

Production and distribution

Marketing

Reasons

Technology

product pricing: the price a business set for a product based on the costs and the local market

transportation: how the products go from A to B, for example plaines etc.

standardisation of products: when businesses produce their products in cheaper countries to reduce the costs

supply chain: the whole journey from a raw material until the product is within the consumers home

distribution channels: how a product goes from point A to point B with stops etc.

product differentiation: when a business

identifying markets

marketing information systems

promotion

licensing

co-production

advertising

data analysis

joint ventures

adaptation/standardisation of product and promotion

growth (value, volume, market coverage: when businesses want to grow in other markets to increase brand awareness

economies of scale: when businesses want to benefit from reducing the costs per unit

taxation regime: when businesses operate in a free trade zone for example to benefit from lower taxation

cost reduction: when businesses operate in other countries to reduce the costs of production etc.

diversification: expanding the things a business offers, for example a bank can offer insurance

legal and regulatory regime: when businesses operate in different countries because of the "easy" regulations etc.

emerging markets: moving from their own economies and investing in upcoming markets

internet: used for online shopping for example.

industrial development

transfer of technology: when the Netherlands starts operating in asia for example , they will transfer their technology .

adapting technology to conditions

foreign personnel: businesses can hire foreign personnel because they are cheaper or more skilled

labour expertise: businesses can decide to search for the skills that are not available in their "home country"

staff: people that work for your company

labour mobility: for example people within the EU can actually work within the whole EU