Moving to foreign country weather it’s to study, work or to do business, it’s totally a change of environment and life. Doing business in a foreign country can be a dream of anyone. Moving abroad for doing business is not ones one day thought. It has been plan for years and lot of savings to overcome foreign barriers. Normally even it’s a dream to do business in abroad a person doesn’t move directly without analyzing the country environment situations or what are the pros and cons for doing business in a foreign country. By looking for pros and cons in moving abroad gives a clear idea what it can be or weather company has to proceed with plan or not. Reference Moving to foreign country to start up with a business can be very stressful. Organizations …show more content…
For understanding the market and country the best way is the PEST where, Political, Economic, Social and Technology analysis. Nanette Bulger has said "There are political, environmental and social issues that are very different from country to country, so you must understand the comprehensive intertwined dynamics of the market you 're in and how the dynamics of one market may affect that market as well as another," Reference. When moving country to country a company may reveal what kind of barriers are there on foreign market, but its company’s ability to produce various products which holds current market share and future market of the country. United Arab Emirates (UAE) has stable political environment. Government structure of UAE is immature and dynastic in nature. When it comes to open trade policies, it has one of the most within GCC countries where there is no protective duties and minimal import restrictions. UAE has well defined legal framework business and clear ownership rules. Ownership rights permitted to foreigners are up to 49% for limited liability companies with in Dubai and for 100% for branches and representative officers of foreign companies, professional companies and free zones enterprises. Reference Moreover it’s important …show more content…
Babette Bensoussan said "Buying a house anywhere in the world is now easy with Skype, a digital camera and the Internet. Just think - you can now view and buy an apartment in Hong Kong from Chicago, all through the Internet," Dubai has a network of seven industrial areas, one business park and three highly successful, specialized free zones of international distinction, two world class seaports, a major international airport and cargo village, a modern highway network, state-of-the-art telecommunications and reliable power and utilities all of which deliver efficiency, flexibility, reliability, reasonable cost and size. Dubai is served by over 120 shipping lines and linked via 85 airlines to over 130 global destinations. Look at changes in both products and infrastructure, such as new technology in business that could make an operating plant more efficient, Lyke-Ho-Gland suggests. To conduct business in UAE expats have to make formal legal presence within UAE by some ways like incorporating a local entity, by establishing representative branch of foreign company, being part of free zone entity or by entering information in commercial agencies. There are various approaches introduce by different people. Approaches such as Michal porter, Igor Ansoff, Gluecks, Kotler and Tailor made strategies. Reference All these strategies helps organization to overcome from barriers and achieve their common goal
Specialization allows us to do more with what we have, "more production leads to more consumption" (CPE, 53). "Whoever has the lowest opportunity cost in a particular activity has the comparative advantage in that activity" (CPE, 54). For protectionism, I think both of Dubai and Latin America should take away most of the protectionism; those include tariffs, quotas which allow only a limited amount to enter the country, rules and regulations, and government subsidies and tax breaks. The country shouldn 't just consider itself, it should examine how protectionism in one sector affects the country as a whole.
10 There is a high demand for this job. Cons: 1. It could be expensive to travel. 2.
Case Study – Globalization: The Example of Dubai 1. Describe the geographical location of Dubai. Dubai is part of the United Arab Emirates (UAE). The city has existed for almost 1000 years, but modern history as part of the UAE is shorter.
SOLVAY GROUP: INTERNATIONAL MOBILITY & MANAGING EXPATRIATES Group F2 Problem Statement: The situation is to develop an international mobility program in order to streamline processes at Solvay which aligns the company’s business goals with individual employees’ needs . External Analysis Factor (Economic, Technological, Cultural) Implications on the problem Political: • Swelling government regulations in Pharmaceutical industryIt was difficult to enter the industry(high entry barrier, not lucrative)Existing players diversifying globally Require additional HR • Movement of HR helps in easy expansion need of an effective international mobility program (take care employees needs like personal, financial, social etc.)
General introduction Located on the Persian Gulf, Dubai is one of the seven states of the United Arab Emirates, and tourism is of utmost importance to land’s rapidly growing economy. Tourism as an industry contributes to various aspects of the economy, examples include various service industries including, but not limited to: transportation services, like airlines, cruise lines, and taxis, as well as accommodation services, like hotels or resorts, and finally entertainment services, like stadiums, and shopping malls. From an economic perspective it’s very easy to understand the tremendous effect of tourism on the economy, indirectly it was accountable 28% of the GDP, and directly it is accountable for 17% of GDP. The concept of ecotourism is
Question 1 Discuss why you have decided to study abroad. Explain why you chose this particular program and how it relates to your personal and academic interests. List some of the courses that you are considering for the term and briefly explain why they interest you. (about 300-350 words) My motivation for this experience is to broaden my scope of education and make myself more marketable for a career in International business.
This report aims to analyze the effect of external analysis and the various other forces of change that has an effect on the business environment of Zara. External environment is an important consideration while planning the strategy for future as well as for venturing into the international markets. Every company irrespective of the sector of operation faces a phase of stagnation in the domestic market at one point in time and there is a need to take stock of situation and reframe the strategy to move ahead. External environment comprises of many dynamic forces like political, technological, social, cultural and environmental factors. These factors form the macro environment of the company.
In the past few years, rainfall has been light and mostly happens during the first quarter of the year. However, heavy rain is not uncommon in Dubai during the winter months, and January 2008 saw a record of 120mm (or 5") of rain falling in just 24 hours, though only during one week. In 2007, Dubai population was one million and growing rapidly which lead to 2013 Dubai’s population stands at more than 2 million with three quarters of the population being male. The city of Dubai is made up of a multicultural society; with only 5% of local Emiratis, the rest are expatriates from all over the world as they are made up of expatriates which are the people who go there to work.
It would get me out of my comfort zone and allow explore things I would 've never imagined. More importantly I can from new relationships and form professional contacts. Although, these things may be beneficial there are many challenges that go along with living in another country, even if just for a few months. For instance, getting home sick. Not being with my family for a couple of months or even a couple of weeks would be hard.
Dubai Emirate of Dubai's geographical location in the desert south of the city and surrounding area consist of a small detail. Dubai's area is 3885 square kilometers. (Great Toronto Area [GTA] - Toronto, Durham, York, Peel and Halton regions- 7125 square km.) Of coastline along the Persian Gulf, Dubai is located only 72 kilometers. Dubai's population was nearly a million in 2007, but is growing rapidly.
I will never be the person that gives up a unique chance to enhance my career because I do not want to relocate. Diversifying life never hurt anybody. Part of the adventure in life is creating new memories and travelling, life is not an adventure if you are afraid to try new things. My philosophy has always been home is where I choose to make it, live life spontaneously and never let the fear of the unknown get in the
The Move ROUGH DRAFT I have not always lived here, in Abu Dhabi. In fact, I came here quite recently, three years ago to be exact. Before that, I used to live I the USA, but because of a lot of opportunities for my dad (who is a doctor) we moved a lot; coming to Abu Dhabi marked the fourth time I’ve moved.
Everything experienced in life impacts an individual's future -- sometimes for better and sometimes for worse. Living overseas is a great experience that will change the perspective one has of life and of the world. Henry Miller, an American writer, once said; “ One’s destination is never a place, but a new way of seeing things.” When moving to Germany, I was scared because I was away from home. Mixed with this fear was a feeling of relief because I was also obtaining a fresh start.
Bahrain is located at the heart of the Gulf Cooperation Council GCC market, which makes Bahrain the most suitable location to meet the increasing demand of GCC countries for manufactured goods (Cho & et al, 2013). For example: inexpensive housing much in demand: there is considerable demand for affordable housing. For example; huge pressure from abroad on the shipping and export companies in Bahrain because of Bahrain 's strategic location in land, air and sea freight.
In the following I will talk about why one might want to study abroad. Challenges involved with living abroad. People study abroad because there is something more to gain from just studying in your home country. Students might have different intentions behind studying abroad, but everyone gains a lot of the same things. First of all you get to travel.