The influence of the business environment for a firm’s international strategy
explaining how the economic, cultural, and regulatory aspects of the global business environment affect a firm’s international strategy. For this essay, please reflect on the readings and cases with an international dimension, especially the session on “Competing in a global environment” (with the case about Wal-Mart stores and the reading entitled “Distance still matters”).
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It is in the nature of all businesses to desire to enhance their economies of scale with the hope that at one point in time, the business will graduate from being a local retail to being an international catch up. For that reason, it is wise that the managers, entrepreneurs, as well as business moguls aspirants to bear in mind some of the major considerations that are closely regarded prior to making such a massive professional leap. This study is a clearly thought out detail of just how it is that external factors of a business can affect its objectives of hitting the international target.
Social Factors
To begin with, it is prudent to take note of the fact that no matter the nature of a business, there have to be a couple of external factors that affect its welfare to an extent of hampering its growth in one way or the other. A good example to focus on for starters is a quick look at the social factors that affect the progress of a business…
APA
1146 words