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International Business - Assignment Example

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International Business Date International Business Based on the perceived worth of goods, the exchange of goods, personnel, capital, technology and services for one another or for money value at a profit is the definition of business…
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Download file to see previous pages This has been boosted by the fact that, five times daily, the Muslims are called to pray at the mosque. Moreover, the United Arab Emirates has stability in its political and economic structures. In the global quest for business, firms should be able to know the geographical distances involved the cultural backgrounds and the different time zones at hand ( Hill, 2009). A number of investments and trade developments have been carried out over the past years in United Arab Emirates that has brought in global or international recognition. The project will cover business prospects of amalgamations, joint ventures and the factors to consider when undertaking foreign direct investments. In the United Arab Emirates, there are vast instances of opportunities to yearn for to compete effectively (Griffin & Pustay, 2010). This ranges from the service industries to the manufacturing sectors. The stable political, economic, social, technological, and legal environment offered has made the country grow to a substantial level. International trade and development in foreign countries always adds value to the national income of the participating countries and therefore substantial growth (Darity, 2008). The Acorn construction company has successfully completed the construction of commercial, residential and renovation projects in the London region. The company can see the construction projects from all sides of the spectra so that good premises are built. The company undertakes projects with due experience and confidence, in an efficient manner to the benefit of customers. With this in mind, the company constructs concerning the industry standards within the stipulated time and budgetary allocations. In view of this, the company would like to venture into other countries and exploit new opportunities as it offers it construction services. This new arena is like the United Arab Emirates where it will build in respect to the cultural backgrounds there (Campbell & Netzer, 2009). Platforms are continuously created where ideas can be interchanged and opportunity sought to improve the corporate image of companies. This is by having international trade fairs and exhibitions to advertise services and bring together like-minded people to identify and create business opportunities. The platform created a scenario where products and services offered were uploaded to the internet through electronic commerce for an array of customers to see. This will be able to boost the profit of the company (Maidment, 2007). To garner more profits on the principle of large numbers, there should be joint ventures that generate more capital and expertise. This is for any individual that seek to enlarge the business scope by finding new opportunities and gaining footholds into new markets in the form of alliances. A relationship that subsists between two or more parties to pursue agreed upon goals is strategic alliance (Cavusgil , Knight & Riesenberger, 2012). Acorn Company for instance can form an alliance with an interior design company for a specific period to gain competitive advantage so that the profits can be high. In the support of international investments, the company will build structures that suit the Islamic cultural designs. This is by building standard infrastructural facilities for United Arab Emirates. In the event, the company will make profits and there will be developments (Velasquez, 2006). Over the years, the real estate business has been ...Download file to see next pagesRead More
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