They has to keep on moving breaking ‘boundaries’ both geographically as well as economically, to actualize the opportunities and emerge successful. That is, with every firms wanting to expand their geographical reach and…
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e, the retail industry in India also has some inbuilt favorable factors particularly in the political, social, legal and economic spheres, which may facilitate foreign invested retail firms’ like Wal-Mart’s entry. This paper will focus on India and its retail sector analyzing the opportunities, it presents for Wal-Mart.
Globalization is having major impacts on the economic sphere of many developing countries like India, working as a catalyst for the economic development. Globalization turned out to be a godsend opportunity to these countries. That is, these countries opened up their markets and invited the foreign companies with a slew of schemes and benefits. India has also become part of global plans of many organizations mainly due to globalization. That is, when globalization or liberation made its entry into in early 1990’s, it opened the door for foreign companies including retail firms (but with caps) to reach India, benefiting both the Indian people and the companies.
In any country all over the world, their respective governments with their set of laws will only have a strong hold on the processes involving the entry of foreign firms, and India’s government is no exception. When viewed from the perspective of foreign retail firms like Wal-Mart, this year’s resounding election victory of the Congress party and the re-election of liberalization initiator, Manmohan Singh as the Prime Minister augurs well. As mentioned above, it was Manmohan Singh who in 1991 as the Finance Minister opened up the Indian market in various sectors to the foreign firms and so his re-election that too without the support of Communists, who are anti-foreign investment party, is important political opportunity. “The strong showing of the Congress-led political alliance in national elections meant the Government, led by Prime Minister Manmohan Singh, no longer needed the support of communist parties for its survival.” (Wade 2009).
The other favorable action in the
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Political differences or cultural differences are not providing any obstacles in front of international companies in diversifying their business to overseas countries. It should be noted that plenty of American companies are currently operating in China. Same way plenty of Chinese companies are operating in America at present.
based international retail store chain. It is known for its aggressive and well-planned strategies for internationalization, entry and corporation. However, Wal-Mart’s recent venture into India is causing much debate among business critics. The points for business considerations are as follows: 1.
British Airway, being a brand in world aviation industry should formulate its strategy based on global integration as it aims to serve not only Indian passengers but the major share of passengers travelling through air. India being home to population of over billion population and diverse economy and it is reported that the Indian aviation industry has witnessed an impressive growth during past few years with major contribution from the civil aviation segment and is expected to be the fastest civil aviation market in the world by 2020.
The process of internationalization for a company is essential since in order to be established and successful, companies cannot expect to ignore the rest of the world, or remain focused to only the country of its existence. Moreover, when a company tends to get internationalized, it gets the opportunity to learn the concepts of businesses that prevail in other countries, and thus take advantage of such knowledge in their operations affecting the results of the business positively.
Apart from that they also deliver data and voices managed services to the local and the international markets as they posses “high-quality fiber optic networks and multiple data centers” (“Welcome to century link”, n. d.). To diversify their product and to establish their market in Brazil, Century Link need to set up their operations in Brazil in accordance with the political, economic and the social environments that prevail in Brazil.
Changes within one area of a Company ripple through the entire organization, their effects re-engineering both internal and external structures.
The batch process can be defined as a production method, with numerous on-the-floor employees and supervisors, each with an autonomous job (Schroeder, 2000).
It should be done by following the business concepts in the local region. The changes in business principle are favourable only after getting a firm position in the market. In order to get strong acceptance in the industry the basic culture of the customers has to be
Vietnam is divided into 58 provinces and 5 municipalities. Vietnam can be divided into four geographical regions; low region, flat delta region in south and north, central highlands, and mountainous in far north and northwest