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Questions that should be considered by companies for going abroad?, Group…
Questions that should be considered by companies for going abroad?
Market
Is there a demand for company product or service in the target market?
What about competitors performing?
How about the purchasing power in the market?
Is the supply chain complete?
Enviroment
Is the regulatory environment in the target country beneficial for your company or not? (Tax structure, tariff, trade restriction, intellectual rights,…)
What are the legal requirements to enter the target country?
Is the political environment in the target country stable?
What are the environmental requirements in the target country? Is it alligned with your company’s goal?
Culture
What are the local business customs in management ?
How does religion influence business practices?
How does the local culture influence consumer behavior?
Are there any cultural sensitivities or taboos?
Employment
What are the labor costs?
How do local labor laws and employment regulations impact hiring practices?
Is there any qualified local workforce available company’s staffing needs?
Financial
What are the cost to enter that country?
Is the currency and exchange rate stable? Are there any risks?
What is the inflation rate?
Group Members: BUI NGUYEN TU UYEN, ZHOU YANG, YE ZIHAN