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Global Consultants Business Plan - Essay Example

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Though being an international business is not as difficult as it appears, there are very vital legal concerns to consider. Different nations have different laws. Businesses should consider the law in every country where it wants to do business. In order to do this, it is essential to have a team of legal experts locally…
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Global Consultants Business Plan
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Download file to see previous pages Businesses must also not disregard cultural concerns. They should set up specialists to ensure that their business' giveaways or advertisements do not go against any cultural norms. Businesses should also be adaptable regarding the advertising arrangement. For instance, Italy and Hong Kong set restrictions on cash prizes, while current policies in Canada have challenged the ability to organize a skill competition with a prerequisite purchase. There are usually simple workarounds like offering an alternative means of entry or prize. Businesses should also be ready to run the campaign structure differently. Some countries might require different methods of promotion administration and advertising. For instance, drawings may need to be locally held and witnessed by certain officials, and winners informed by certain means. Some provinces might require that the rules and promotion be in the language or dialect of the locality, while others might require newspaper publication. Also, in some countries, some campaigns may need to be registered. Privacy law also differs from one country to another. Thus, the utilization, transmitting, accumulation, or gathering of exclusive data needs particular deliberation. Also, businesses should not believe that since a country in a specific territory allows a certain system that it will be permitted in all areas in that territory. Country-specific understanding of rules will spell a big difference. Lastly, businesses should budget funds and time to get it correctly accomplished. Synchronizing the legal issues in several regions is definitely more costly and time consuming than doing business in the U.S. alone. Be prepared to add around half a month to the time frame if the business intends on going global.
Summary of the Business Plan
The Philippine situation is presently characterized by the facts that investment appetites are low, budgets are being slashed, businesses are cutting costs, and times are tough. Being aware of this situation, Global Consultants (GC) has concluded that its potential clients would be interested in doing things in a smarter way, with adequate support of competent and dependable market intelligence. Global Consultants knows that it can offer both value creations and solutions to its potential clients. The senior consultants have been working with some highly regarded U.S.-based multi-national businesses for many years, andhave wide knowledge of Southeast Asian business environments. The company will aim to provide marketing services to targeted business environments in the Southeast Asia region, particularly the Philippines. The target start of operations is January 2009.
GC will offer businesses an excellent, dependable option to in-house resources for channel development, industrial sectors analysis, market intelligence, market development, and business development on a global range. A proper alternative to in house resources offers an exceptionally sophisticated practical experience, skill, connections, and privacy. Clients must be aware that working with the company is a less risky and more professional method of developing new areas compared to working in-house with their own employees. GC should be also able to maintain financial stability, charging a high value for its services and delivering an even higher worth of output to its clients. Primary focus will be expansion in the Southeast ...Download file to see next pagesRead More
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