INTB 2200 Lecture Notes - Lecture 2: Developed Country, Bargaining Power
27 Jul 2018
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Document Summary
Fundamental questions that we need to aske while doing business at home or abroad are always the same . Law: different regulations and legislations in different countries, would affect the who to hire and how to hire in the foreign countries. Culture: affect the way of doing business in certain country. External environment study is must to identify opportunities and threats and two very popular tools are step analysis (social demographical and cultural environment, technological, economical, political and legal and these days ecological environment as well) Porters 5 forces (* are new added forces: threat of new entrants, bargaining power of suppliers, bargaining power of the buyer, threat of substitutes, existing rivalry in the industry. Compare (china vs us) comparison is difficult between two economies. 25 65% is unreported in developing countries. Everyone is doing business with everyone else (except may be canada we are too heavily dependent on us.
