U.S. Foreign Corrupt Practices Act (FCPA) - Essay Example

For a new employer who currently has no international ventures, and would like to go international, there are several key factors that require their attention. Such factors include the availability of adequate financial resources, human and social capital. In additional, for a new employer to get focused internationally, there is the first need to go through the domestic market entry barriers and gather the opportunities that lead to higher purchasing power of consumers from the developed economies.

The employer must also carry out market analysis to ensure that it has fully engaged the domestic market enough before moving to the international market. It goes without saying that one major factor that would push an employer to the international market would be the availability of adequate financial resources. Such resources will be necessary for the creation of new offices in the countries where the business would decide to venture in. There is also this aspect of hiring the human capital that would perform the various duties in the business.

The financial resources, apart from aiding in acquiring offices, will also be necessary for setting up the operational structures and activities of the company in the new areas. The company will also have to invest in the social capital to be sure that its investment get enough market in the public sphere through good social relations. In deciding to pursue international business, the main determining factors include economic, environmental, market and competitive factors. The market forces will determine the receptivity of the customers to a global product.

When the consumers are more receptive to the product, the business is set to go global. However, if the consumers are less receptive to the product, the business is not yet ready to go global and the best thing to do is to do enough marketing to increase its receptivity. Economic factors