Why would a firm choose to trade internationally, reasons and the plan - Assignment Example

Comments (1) Cite this document
Your assignments requires that you utilise at least six references in addition to your text, preferably including some journal articles. You may use no more than two URL Websites (This does not refer to journal articles)…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.8% of users find it useful
Why would a firm choose to trade internationally, reasons and the plan
Read TextPreview

Extract of sample "Why would a firm choose to trade internationally, reasons and the plan"

Download file to see previous pages Your assignments requires that you utilise at least six references in addition to your text, preferably including some journal articles. You may use no more than two URL Websites (This does not refer to journal articles) Background: Content Incontinence (CI) is an Australian Biomedical Company. It is a third generation offshoot business of a family controlled company. The founders, two German migrants with exceptional engineering skills have pioneered plastic injection moulding in Australia and have a worldwide reputation for their injection moulds. They supply industry worldwide with their products manufactured to precise specification in Australia. They have followed the Mittelstand philosophy of Germany's manufacturing sector. Two third generation members of the family have reached the pinnacle of surgery and pioneered new surgery and techniques to treat patients suffering from bladder and urinary tract illnesses and also from prostate problems including cancer. Their most recent treatment treats incontinence by inserting an artificial sphincter around the urinary tract to allow incontinent patients to control the emptying of the bladder. This is done by activating a micro chip inserted in a flap in the abdomen using a small device much like a remote control for a motor car. ...
facing the company is how to internationalize this new and potentially huge business. The traditional family approach of manufacturing and exporting to specification may not be the best way. The product is not just the hardware (artificial sphincter, controller, software and switching device) but the diagnostic techniques, the operation, the knowledge and experience. Your task is to answer the following questions in the context of this company Question 1: a. Why would a firm like this choose to trade internationally? State your reasons clearly and concisely.  b. Describe concisely the main types of international business this firm is likely to set up in the short term and long term. Give reasons for your choices. c. What does the term globalisation means in relation to this business? 1. a) Incontinence is the problem where the patient has a problem in controlling the emptying of the urinary bladder. It becomes an involuntary action where the patient complains of urine leakage (Minassian, Drutz & Al-Badr, 2003, p.1). There are many physical as well as psychological problems that can lead to it. Urinary incontinence occurs globally in huge numbers mainly affecting the female population. In a report it was found that UI was common in the white female population than in the black (Minassian, Drutz & Al-Badr, 2003, p.331). Apart from the European and the African continent, it is also prevalent in the Asian countries like India. A report in the newspaper The Hindu in India showed that a huge number of the people especially females suffered from the problem. More acute was the fact that these patients felt embarrassed to consult the doctor (Varma, 2012). It is here that the Australian company CI can establish its foothold. The company ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Why would a firm choose to trade internationally, reasons and the plan Assignment”, n.d.)
Why would a firm choose to trade internationally, reasons and the plan Assignment. Retrieved from https://studentshare.org/business/1400918-international-business
(Why Would a Firm Choose to Trade Internationally, Reasons and the Plan Assignment)
Why Would a Firm Choose to Trade Internationally, Reasons and the Plan Assignment. https://studentshare.org/business/1400918-international-business.
“Why Would a Firm Choose to Trade Internationally, Reasons and the Plan Assignment”, n.d. https://studentshare.org/business/1400918-international-business.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
othakuvalis added comment 1 year ago
Student rated this paper as
The topic of "Why would a firm choose to trade internationally, reasons and the plan" is quite often seen among the tasks in high school. Still, this essay opens a fresh perspective of seeing the issue. I’ll use the style for my own essay.

CHECK THESE SAMPLES OF Why would a firm choose to trade internationally, reasons and the plan

Report market sells product internationally

...the business market of the nation and would frame up a market entry plan that would also include formulating a product mix specifically designed for the UK market. The report would also cover the aspect of positioning and integrated marketing communication as well as an entry strategy for the company in the UK market. Scope The business report would analyse the business attractiveness of a new market in the context of the beer market in UK. The report would analyse the appropriateness in choosing the UK market as a destination for investment for foreign market players in the beer industry. Country Information Geographies...
16 Pages(4000 words)Essay

Impact of trade unions on firm performance

...that their union arrives at as part of their requirements. This means that all employees who are members of the union will have to respect the decision and down their tools. One day missed in an organization may result to enormous losses. Some strikes will even extend to weeks thus leading to profound losses. In this case, the firm’s performance will deteriorate, and it might take long to recover entirely. Trade unions benefit all classes of workers, as well as all types of workers. In terms of salaries and wages, they help their members get reasonable wages. If a trade union deems a given wage as an underpayment, it will negotiate on behalf of members for a higher pay....
10 Pages(2500 words)Essay

Managing Internationally

...? Managing Internationally Managing Internationally Issues and Concerns in Tombow The case of Tombow Pencil Co., Ltd, a pencil manufacturing company typifies the common concerns and issues encountered by organizations, whether operating locally or internationally. Tomboy can be analyzed as a company that operates internationally due to its system of production, subcontracting and distribution where the entities involved are situation in different locations typical of international companies. Production of a simple mechanical pencil may be simple, but in the case of Tombow, the process seems to be complicated. Tombow was founded by Harunosuke Ogawa in 1913 and operating its main headquarters in Tokyo (Mishina 1993). It has pursued... ...
3 Pages(750 words)Essay

Expanding Internationally

...? Expanding Internationally Expanding Internationally The company has traditionally pursued a corporate strategy of unrelated diversification. Its products can be outlined as follows: Luggage. This line of products is geared towards low-end markets and is, thus, not constructed on a wheel base. Writing instruments. This line of products targets middle-market segments. Color televisions. This line of production is concentrated on high quality LED televisions. Miscellaneous plastic and paper tags. This line is mainly sold as office supplies. By definition, related diversification calls for the operation of several but fundamentally related businesses (Griffin and Pustay, 2010; Neelankavil, 2007). Through a...
3 Pages(750 words)Assignment

Discussion: Expanding Internationally

...? Discussion: Expanding Internationally Discussion: Expanding Internationally Potential License International Licensing represents one of the initial entry modes into the international markets. This process involves the leasing of the right to certain property to a given firm by the licensee (Griffin and Pustay, 2010; Neelankavil, 2007). The property leased may include technology, patents, work methods, trademarks or brand names. The leasing is often done at a fee. Thus, licensing represents one of the most popular entry methods into foreign markets as it does not involve the employment of enormous amounts of capital. This is owed to the fact that the systems to be licensed have to be...
3 Pages(750 words)Assignment

Aptamil Power Milk - the Criteria Used for Choosing the Location of the Firm in China

...? Aptamil Power milk – Establishment of the firm in China Question 3 Reasons for Choice of Location of the International Expansion 3 Why the choiceof location is critical when expanding globally Choosing the appropriate location for expanding internationally needs to be carefully planned due to the following reason: the willingness of authorities in the target market to support the activities of foreign organizations can highly affect the performance of the latter (Rugman 2009). In China, the success of foreign firms in various industries verifies the willingness of the Chinese government to promote the...
7 Pages(1750 words)Case Study

Reasons Women Choose Abusive Partners

...REASONS WOMEN CHOOSE ABUSIVE PARTNERS Research Proposal and Section # of I. Introduction This research proposal is about investigating the reasons why women choose abusive partners. This section will give a basic understanding of the problem at hand and how it has increased to such a higher level. A. General Background for the study There are a number of women who are being abused worldwide. Every woman has a different background due to which they are forced to live and compromise with abusive partners. They come from various backgrounds. Some of them are listed below: 1. A number of women are victims of violence and abuse of all kinds. This can include...
17 Pages(4250 words)Thesis

Working internationally

.... They may start out simply as associates but with time, they can climb the corporate ladder to reach the ultimate destination of the head of a hedge fund institution. This is an example of how one can climb up the ladder as seen below; associate vice president executive director managing director The reason why the position of an associate within a hedge fund firm was chosen is because there is a possibility for upward mobility. Associates have a wide knowledge base that allows them to grow. Growth can b achieved through shifts within various departments found within a certain institution or through the familiarisation process. When one works for a certain institution for a long period...
8 Pages(2000 words)Essay

Business Strategies Implemented Internationally

...International Strategies 1. How should you organize the business outside of the U.S.? Marketing department handles the sales operation in international market. Setup of export department that is in direct contact with the CEO. Setup of independent franchises or subsidiaries whereby each franchise functions individually and is in direct contact with the CEO (Hodgetts & Rugman, 1995) 2. Should you set-up reasonably independent companies, subsidiaries, in each foreign market? Yes, setting up subsidiaries in each of the international market is one of the best ways to manage business outside the local market. 3. What would that do and not do for you? Or, do you want to impose a strict brand image, procedures, and central planning... from...
1 Pages(250 words)Research Paper

Competeing internationally

...Competing internationally al affiliation Competing internationally There are several strategies that companies can use to compete internationally. The procedures allow the company to gain competitive advantage, increase sales, maintain customer loyalty or acquire new customers in new areas. One of the firms that have adopted international strategies is Apple Inc. The company uses the home replication, global and multi-domestic strategy. The home replication strategy entails the centralization of the development of the company’s products in the home area. Once the products have been developed, they are transferred to the overseas market for sale (Sekely, 2015). On the other hand, the global strategy is also applied by the company... of the...
1 Pages(250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Why would a firm choose to trade internationally, reasons and the plan for FREE!

Contact Us