Global Business Strategies A) First Essay

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Total Length: 1065 words ( 4 double-spaced pages)

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) (Weiss, 2011).

Bibliography

1. The Sloan Brothers. Taking Your Startup to a Foreign Market. On the Internet at http://www.startupnation.com/business-articles/1471/1/startup-foreign-market.asp. Last retrieved on October 5, 2011

2. Weiss, Darryl. Opening in a Foreign Country; be careful. On the Internet at http://www.globalhrnews.com/story.asp?sid=158. Last retrieved on October 5, 2011

Third student

It is important for management to work on how to set up a business in a foreign country. There are so many options available, each with its own advantages and disadvantages, that management can take into considerations all these before arriving at a reasonable and profitable decision. First of all, the role of the company in the foreign market needs to be defined. According to this role, the company can act as a representative (of another foreign country or even of a local one), as an export company or a distributor (Entrepreneur, 2001).

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Another decision to make is whether the company will purchase an existing local operation or will simply open a new company, starting with a green field investment. The latter option will allow the company to start from scratch and build its operations from the very beginning rather than spend time restructuring and reorganizing the existing one.

Finally, setting up a business in a foreign country also depends on the capacity of the company to protect its intellectual property rights in a manner that will also avoid litigations (Wuorio, 2011), since these will likely have a negative impact on the company's operations, including in terms of the higher costs that such processes would involve......

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