Answer the research question in the research prompt “What are the steps that you take to make sure your business is ready to go international?”. and find a school database great related article source and answer in 2 pages, mla format. Must related to research prompt, will be attached
Introduction
When doing business overseas the major factors to consider before taking your business international is the culture difference, the legal and regulatory, and foreign government consideration. The US and Europe run their business very differently from the way they build relationships with clients to their marketing tactics. Many businesses are afraid to go international because they believe their business will not be successful. “The study of international business in services throws light on three areas of special interest. First is the process of international business, which has been often neglected in research on the manufacturing sector. (Gilbert. K, 2014) The most important aspect to running a successful business overseas is learning about the culture in that country, without learning about the customers you will be selling to you won’t have much success in your business. Many companies do not learn about the culture of the country they are getting into business with and this is one major factor as to why companies have failed when going international.
Business in the US and Europe is completely different because we all grow up with different values and beliefs. However, when developing and taking the time to learn about one’s culture and other important factors you can come together to run a successful business. When learning about different cultures it allows you to grow more which will only expand your business more.
Problem Statement
What are the challenges in running a business in the US compared to in Europe. How do you develop the tools necessary to adapt to a new culture and run a successful business.
Research Questions
What are the steps that you take to make sure your business is ready to go international?
What tools do you develop to run a successful business once you go overseas?
How do you adapt to the culture differences when you decide to take your business international?