Globalising your business

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Wmuhneicraetfionres. international trade rciosukldanednainbclerecaosmepparnoifeitsatboidliit˜ye. rsify When its boundaries are flexible, a bnuitsieinseinssnieswopmeanrktoetse, diœee˜oelpoponretuwǦ

Doing international business: products, reach new customers and forhmaunlgaetes inedwemstarantde,glieegsa. l re“uireǦ minneno˜tsatainodnstewcihllnroel“ougirees apspwliecallbales and timely response from the enǦ wtrehpenreenxepuarn, dtoinrge.main competiti˜e

pportunities include the openǦ ing of new markets through global cplrioednutsc,tswahnodrsee“ru˜icresthofetehxeisbtuinsigǦ nanesds,tthhe clorweaetrionng offtrpardeefebraernriteirasl trade agreements between counǦ tries, and ad˜ances in information alnlodwcoinmgmthuenbicuastiinoenssstteoc˜hinrotuloaglly, ainctreogssrantaetisoonmaleborfdietsrso. perations andurctohemrmadu˜naincacetisoin itnefcohrnmoalotigoyn, the costs of globalising business bwloypuhesroiernadaeturisoecsneewssd,ihltflahoi˜nirsegmhbtaeosesgntplocssoibgimatnil˜iipfseiaeclynatinahetfesǦǦ obfepuceshtireinasdetehsthsainessitra.hlgeloloswhbaeardliinscagotmoiofpnthaoenfieetchsoetniorǦ omatmoayrferaatnrcdatideointitoefnritanhlg,ecfcaoprseittiaignlncinumtrearenrdkseib˜tyes businesses. sonmdeoiminpgoirnttaenrtnfaatciotonrasl sbhuosuinldesbse, caotniosindeorf ende,winmclaurdkientgs,tlhoewiedrecnotisftisǦ and access to natural resources in othlesor cthoeunsittruieatsi.on in the host counǦ try should be e˜aluated regarding, bnuelyse,rpsopteanttteiarnl sfo, rdigsrtoriwbuthti,opnolcihtiacnaǦl and economic stability and competǦ iti˜e forces.

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Properties of global businesses:

“uent complex decision making, which make it difficult to establish ubunsi˜ineersasel suwcictehspsrfeacitsoiorsn.of global chaer˜acetretrhisetliecsso,faglfoebwalibmuspionretsasnest stannd naardmceulyltǣure prompiesniningngor˜oawtiothn strategy, but it

lobalisation is often a

Developing a global business

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strategy:

Getting yourself into International Business:

Investment Strategy

Risukssinoefssstrategy

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(Courtesy pic) REV.T.S.M Malangwane (FEA Simunye) addressing the people wduhriicnhg lainnkesmtpooGwleorbmaelisnitnsgesYsoiounr Business.