Expert answer:Assignment 5: Export / Import Research Paper, Part
Answer & Explanation:Assignment 5: Export / Import Research Paper, Part 2The second part of the research paper emphasizes your recommendations based upon your analysis of the country’s viability as an opportunity for export / import activities from the U.S. perspective from Assignment 1. Write a six to eight (6-8) page paper in which you:Specify what cultural determinants about this country would be most important to you as you reach a decision about whether or not to do business in this country.Specify what governmental, compliance management, and security requirements concerning this country would be most important to your decision.Create action steps you would take to initiate export / import activities in this country.Recommend the governmental and private assistance and resources you would choose to streamline the initiation of business in this country.Use at least five (5) quality references. Note: Wikipedia and other Websites do not quality as academic resources. Your assignment must follow these formatting requirements:Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length.The assignment 1 is attached below.20151122180504p221_business_expansion_01.docx
20151122180504p221_business_expansion_01.docx
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Running head: BUSINESS EXPANSION
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Business Expansion
Institution Affiliated
Date
BUSINESS EXPANSION
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Introduction
Conducting business overseas is one of the strategies that most of the successful
businesses have utilized to be at the best level thereby making others company plan for a same
investment. Many other businesses have tried to invest overseas because of the benefits in other
nations in terms of key business elements. Other reasons are the challenges that most of
companies face in their home country, thereby making the entrepreneurs has the desire to shift
and operate in foreign nations. From a different look it is quite interesting to carry out business in
these nations because of many advantages a business receive compared to conducting business at
home. Some of the regions which are interesting to carry out business activities are found in Asia
and Africa where most economies especially in developing nations are providing such a healthy
environment where you can make investments (Griffin, and Moorhead, 2014). The main reason
which supports this idea is that most of the governments in these nations encourage foreign
investors because most of the citizens here lack the financial capabilities to help them start major
business projects which would steer up economic development and growth.
One of the best nations to conduct business is South Africa which has been rated as the
best nation in Africa to conduct business activities. This nation is the most developed nation in
Africa and the people here have displayed the best characteristics of being useful in business as
effective employees. Another motivating factor in this nation is availability of resources
necessary for investments. The nation has the best resources, that is, it has some of the best
candidates you would rely on for employees in case you planned to invest there. The nation has
improved infrastructure making it easy to access various regions which are really important in
the field of business.
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Elements of business culture in South Africa
The business culture of this nation has various elements which promote and enhance a
good working environment for both domestic and foreign investors. There are various elements
and we shall focus on the major ones which have made this nation to be the best place where you
can work or invest in. The first element in the business culture is the employees’ attitude towards
work where most of them know that they are involved in the business sector not only to earn a
living but to drive their economy towards a higher level where most macroeconomic goals have
been achieved. The fact that most of them are aware of their responsibilities and the roles they
play in this sector makes them the best people to rely on (Blinder, 2006),
Most companies here have recognized teamwork and not individualism thereby making
the business sector a united sector where most people work together to achieve the goals of the
firm rather than individual goals and objectives. This means that most of their work is quality
because if the various talents which are brought together. This business culture is widely spread
here and most companies cannot do without such employees who have spread these strategies all
over the nation and beyond. In case you want to invest here, this people will be reliable in
ensuring that you have the right team members who will bring change and productivity to your
organization.
The business culture here recognizes the fact that important and innovative ideas can be
from anyone as long as they are thinking from a business perspective. Most organizations have
encouraged cohesiveness between the leaders and the junior where all members of a given
organization ensure that there is free flow of reliable information which can effectively bring
change through ideas that are used to compete against others in the market (Adeyeye, 2012).
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Recognizing this element ensures that all the relevant ideas are utilized thereby making the firm
a center of development, where all people regardless of their class work together to ensure that
there is overall development in the organization and the economy in general. Implementing such
a business culture will ensure that there is effective communication in the firm where all relevant
and important ideas are shared to benefit many people.
Another element of this culture is the fact that most businesses have recognized the role
that most employees play towards the success of the organization and most managers and
business owners have adopted the culture of appreciating and recognizing their workers. This is a
to motivate them and to encourage them to work harder. This is done through appraisal programs
which are meant to reward most employees who have contributed much to the success of various
organizations. Most people here are encouraged to work and from these programs the employees
work very hard.
The next element here is the fact that most businesses here have policies which have to be
followed by all for effective performance (Adeyeye, 2012). By observing these policies and
codes of ethics the employees have created a healthy working environment which promotes the
business sector by ensuring that all customers are well served and satisfied by the services which
are being offered. Such policies would be reliable in such an environment and most people being
aware of such, it makes it easy to apply them making the new business a center of excellence.
Based on the fact that the dollar has value than the South African rand it would be easy to
hire cheap labor compared to labor in the United States because it has turned to be so expensive
to run a business due to the high costs incurred in paying employees. Most businesses ensure that
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they have followed the law and do not exploit employees and based on the set business
regulations it would not be expensive for an investor to pay the hired employees in this nation.
Another aspect which supports this idea is the fact that the government here encourages
foreign investors and this is made possible by the few legal procedures that one has to go through
before settling here. The government has set favorable taxes which will attract foreigners a case
quite different from other nations where governments charge much from foreigners thereby
discouraging their settlement.
Dimensions of business culture
There are four major dimensions of business in this nation and they are as follows:
strategy and development where the business culture in this nation focuses on the people whom
they are to serve and the various strategies to implement in meeting their objectives which are
mainly to make profits and to have satisfied customers. The business culture has made it possible
for any organization to have visions which are easily achievable through the healthy business
environment. Such a business dimension would be important in starting a new business in this
nation with objectives and visions to achieve by the end of a certain period.
Another dimension in this culture is operations where the nation has an environment with
all types of resources which would be important in bringing change through effective business
performance. There is availability of major inputs used by business and the fact that most youths
are well learned they would be useful in such an organization. Therefore questions like how the
business will operate are well answered to ensure that there is effective performance and
stability. It is easy to plan and execute projects in this nation because it is easy to operate.
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Another dimension of the business culture to focus on here is marketing where most
entrepreneurs ask questions like where they will sell their products and how they will advertise
them to the public (Mujih, 2012). The nation is a trading center where traders from all over the
world meet to discuss business and it would be such a nice place to conduct business with others.
Here you can export and import various products based on what you are selling and what you are
using as inputs for your business. The citizens here are also a good market and the fact that the
nation is a member of one of the most successful trading unions known as COMESA, which
stands for common market for eastern and southern Africa makes it easy for you to trade your
products.
The last dimension to focus on is revenue and finances where most organizations located in
this nation have high returns in terms of profits thereby making this nation a center of excellence
where any business with the aim of growing and making profits should be located. From the
above elements and dimensions this is the best business environment to make your investments.
How local residents implement the above elements and dimensions
The local residents in this nation are very important in the business sector because they
have contributed to much of the success of many organizations. They are responsible in all their
duties and based on the fact that they work together as a team promotes the products from these
nation because of their quality. The education level in this nation is very important to the
business culture because most of the youths here are reliable candidates who can be hired in the
any organization. Most of them have the qualities and necessary skills required in many
organizations thereby making it easy to get the right people for various organizations.
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The people here offer cheap labor, therefore making it easy to operate in this nation
where you do not need to worry of the people to use in implementing various projects. To many
businesses this is good news because it is not easy to find reliable employees who will be
effective in business operations. The other important thing about these people is that they form
part of the large market found in South Africa and for this they would be important in marketing
where most of the organization’s products will be sold locally.
Comparison of elements and dimensions with those of United States
There are various similarities in these economies but what discourages investments in the
United States and supports the idea of making foreign investments abroad, especially in this
African nation, is that to operate in America would be such a problem because most inputs here
are expensive compared to those of South Africa. The people here charge more and based on the
regulations set by the government it would be expensive to handle a large number of employees
plus their allowances and major benefits that have been awarded by the law to employees.
Resources are scarce due to the high level of competition and most people find it hard to make
investments in the American economy. In South Africa competition is not that high compared to
the United States and this makes it the better place where one should invest.
Challenges faced while doing business in the United States
There are major challenges which most businesses face in the United States that would
make any investor opt for foreign nations. One of the major challenges is high taxes which end
up reducing the profits that a business makes. The other challenge which supports foreign
investments is the fact that there is high competition in this nation and this slows down
organization development thereby making most startup businesses to incur losses in the first few
BUSINESS EXPANSION
years. It is also quite hard to increase revenue in the U.S as a result of stiff competition from the
market powers. Hiring employees in the United States is such a challenge because most people
want high salaries which would be such a challenge to a new business making it to hire
unqualified personnel thereby making it hard to operate in this economy.
In conclusion, South Africa is a great country for any company to expand its business. It
has a high customer base, good business environment and culture, and flexible laws and
regulations. However, every business must strategies on ways of penetrating into the market as
well as gaining a competitive edge in the market. High competition from different companies in
the country demands high quality products and good marketing strategies for a company to
succeed.
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References
Adeyeye, A. (2012). Corporate social responsibility of multinational corporations in developing
countries: Perspectives on anti-corruption. Cambridge: Cambridge University Press.
Blinder, A. (2006), “Offshoring: The Next Industrial Revolution?” Foreign Affairs, 85:2,
113.128
Griffin, R. W., & Moorhead, G. (2014). Organizational behavior: Managing people and
organizations. Mason, OH: South-Western/Cengage Learning.
Krugman, P., Obtsfeld, M. And Melitz, M., (2012) “East Asia: Success and Crisis”, in
International Economics: Theory and Policy, Addison-Wesley.
Mujih, E. (2012). Regulating multinationals in developing countries: A conceptual and legal
framework for corporate social responsibility. Farnham, Surrey: Gower Pub.
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