Discussion Question - Research Paper Example

Business Research Paper What are some of the ways Celina could “compete” with other sellers in both the United s and Ghana? The foremost issue that could hinder Celina from expanding and competing favorably with other businesses is the financial barrier. Therefore, Celina should ensure that she has the right finances before enters the global market (Longenecker, 2011). This is because; she will require funds to obtain such things as trade permits, and trade licenses. In addition, she will also need to advertise her business in order to obtain market for her products.

Therefore, to compete with the other sellers, Celina will also need to be innovative and come up with new products that are of a high quality. This way, she will obtain a market in both the United States market and the Ghana market. Celina will also have to deal with some of managerial limitations such as marketing problems, accounting problems and financial issues (Longenecker, 2011). What are some ways in which Celina might cooperate or collaborate with other businesses in both the United States and Ghana to satisfy these demands?

Celina could arrange with other businesses to hold conferences and workshops meant for training them on global operations. In addition, the businesses could have joint distribution of their products, joint transportation, joint innovation and joint trade missions (Longenecker, 2011).The companies could also come together and form trade intermediaries that will help to break into international markets. Celine could also establish international relationships with other global organizations in order to ensure that she takes advantage of the available international opportunities.

ReferencesLongenecker, J. G. (2011). Small Business Management: Launching & Growing Entrepreneurial Ventures. New York: Cengage Learning