In the outside of the European Union. Another key

In
conclusion, I would recommend anybody that is trying to expand their business
to do a lot of research on where they plan to expand. It would also be beneficial if you could physically visit
whatever country and or state in which you see yourself doing business. Once
you come up with an actual plan, continue
to push to and accomplish your goals.    

 Key factors that I can identify would be the
consumers, Europe Union is made up of over hundred million consumers who can be
potential customers for my business. Why not invest in a profitable market? Also,
with being in the United States having started off with a small business,
virtual sales have experience of offering free
European business development opportunities to beginner companies as myself
from the outside of the European Union. Another key would be because investors
reckon with a higher cost of doing business, they can count on elevated levels
of productivity and infrastructure in the European Union.

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Personally,
I believe that Denmark would be a better option for my mother and me to expand our business. Looking back at how much
success a company could have when expanding internationally with Denmark. Knowing
the United States and the European Union
(EU) has the most extensive trade
agreement with a better opportunity to achieve globally.
With the United States having many contracts
with Denmark on both exports and imports only to have an increase in services and goods.

 Suggest which
country is the better choice and provide a rationale for your selection. Next,
a state which key factors you can identify to support your decision.

Competitive
advantages associated with expanding into lower ranks country versus higher countries is through acts of innovation. Some
innovations create competitive advantages by perceiving an entirely new market
opportunity that others have missed. In international markets, changes yield competitive advantage anticipate
both domestic and foreign needs. Once a company achieves competitive advantages
through a change, it can endure only
through restless improvement. A nation’s completeness depends on the size of
its industry to innovate and upgrade for both lower-ranks and higher ranks
countries. Innovations that respond to concerns or circumstances that are
peculiar to the home market can retard international competitive success.

 Therefore, investing overseas involves a careful analysis of the economic, Political and
business risks that might result in unexpected investment losses. “Risk analysis is a fundamental step in building and
monitoring an international portfolio (Perry, B., 2017, December 25)”.

Primary
risks associated with any foreign country by investing and expanding into lower
and or higher-ranking county would be Economic, Political, and Sovereign risks
(Perry, B., 2017, December 28). Economic threat: The country’s ability to pay back
its debts. Political risk: The
country’s willingness of a county to pay the debt
or maintain a hospitable climate for outside investment. Sovereign risk: The risk of a foreign bank altering its foreign exchange
regulations to reduce the value of its foreign exchange. I believe that these
three risks are significant when trying to expand into another country especially a
foreign country.

 Present the primary risk associated with
expanding into the lower-ranking country versus the higher-ranking nation. Next, provide the competitive advantages
associated with extending into the lower-ranking nation
versus the higher-ranking nation.

       According
to “Office of the United States Trade Representative, The United States and Somalia
do not have any trade agreements (Office of the United States Trade
Representative. (n.d)”. Somalia is currently the largest trading partner with
both exports and imports. “The trade balance between the U.S and Somalia had a
surplus in trade in 2016 but almost a decrease of 15 percent over 2015 (Office
of the United States Trade Representative. (n.d)”. I predict that if I were to
expand my business to Somalia, it would
probably fail sooner or later.

Some strengths that Somalia has
according to the World Bank Group website
is that Somalia has pretty good rankings for doing business 2018, For an
overall rank of one hundred and ninety which is very bad and that starting a
business being ranked at one hundred and eighty-seven,
therefore, is very bad. The change in DTF for starting a business decreased
by 2.94 points being 48.71 in 2017 to 45.77 in 2018. A weakness that stands out
for Somalia is also the distance to frontier (DTF). Somalia is overall doing business 2017 DTF came in at 20.29
compared to doing business 2018 DTF which came in at 19.98 making a change in
DTF decreasing by 0.31 points. Key benefits are Somalia has a little to no
opportunity to bring in a lot of business internationally.

The
lower-ranking country in which I picked to go international with was Somalia.
Somalia Is located at the end of the economy
ranking list provided by the World Bank Group’s website ranked at one hundred
and ninety. Somalia is in the sub-Saharan African region which has a low income
but has a rank of one hundred and eighty-seven in starting a business. Both
Protecting Minority investors and paying taxes are
ranked at one hundred and ninety. “Sitting at the 161st largest export economy and 159th
imported economy in the world (Somalia., n.d)”.   

Provide a brief description of the lower-ranking country you
have.  Next, analyze the various rankings and
discuss the strengths, weaknesses, and key benefits of this selection. You will
then examine this country’s major existing trade agreements and predict whether
they will assist or deter your venture.

      
According to “European Commission’s Trade Agreement, The United States and the European Union (EU) has the largest trade agreements (U.S. Relations
with Denmark., 2016, September 19)”. “The EU and U.S economies account together
for about half the entire world and nearly a third of world trade flows (U.S.
Relations with Denmark., 2016, September 19)”. The trade and services for Eu
and U.S between 2013 to 2015 both imports and exports increased. I predict that
if I were to expand my business to Denmark in the EU, it would probably assist in my business.

Some
strengths that Denmark has according to the World
Bank Group website is that Denmark is ranked number three in the rankings for
doing business 2018 and that starting a
business being classified at thirty-four,
therefore, is very good. However, the change in DTF for
starting a business increased by 0.03 points being 92.47 in 2017 to 92.50 in
2018. A weakness that stands out for Denmark is the distance to frontier
(DTF). “DTF is the measure that shows the distance of each economy performance
is observed across the economies in the doing business (Doing Business Measuring Business Regulations., n.d)”. Denmark is overall doing business 2017 DTF came
in at 84.07 compared to doing business 2018 DTF which came in at 84.06 making a
change in DTF decreasing by 0.01 points. The key benefits are that Denmark has a fantastic opportunity to bring in a lot of business
internationally.    

The
highest-ranking country in which I picked to go international with was Denmark.
Denmark is listed as number three on the
economy rankings list provided by the World Bank Group’s website. “Denmark is
known for being among the world’s top countries when it comes to a diverse range of products and services (Denmark: Danish
Business Culture. (n.d)”. Denmark is ranked thirty-four with starting a
business, protecting minority investors with a rank of thirty-three and with
paying taxes ranked at eight. When doing
business in a foreign country such as Denmark, a lot of people experience a
culture shock.

Provide a brief description of the higher-ranking country you
have selected.  Next, analyze the various rankings and
discuss the strengths, weaknesses, and key benefits of this selection. You will
then examine this country’s major existing trade agreements and predict whether
they will assist or deter your venture.

Our
reason to expand internationally was to offer our services that are unavailable
in certain parts of the world but are high in demands. Expanding abroad can provide a new base of eager customers
without competition being close by.

The
organization in which I will be presenting is TG Catering. TG Catering is a
business that my mother and I mentally came up with about a year ago when
deciding if we wanted to start a catering business or a gym for cheerleading.
After coming up with multiple reasons to start TG Catering, we begin to
research opportunities on how to spread from small local business to having several
other locations and eventually become international.

In
conclusion, I would recommend anybody that is trying to expand their business
to do a lot of research on where they plan to expand. It would also be beneficial if you could physically visit
whatever country and or state in which you see yourself doing business. Once
you come up with an actual plan, continue
to push to and accomplish your goals.    

 Key factors that I can identify would be the
consumers, Europe Union is made up of over hundred million consumers who can be
potential customers for my business. Why not invest in a profitable market? Also,
with being in the United States having started off with a small business,
virtual sales have experience of offering free
European business development opportunities to beginner companies as myself
from the outside of the European Union. Another key would be because investors
reckon with a higher cost of doing business, they can count on elevated levels
of productivity and infrastructure in the European Union.

We Will Write a Custom Essay Specifically
For You For Only $13.90/page!


order now

Personally,
I believe that Denmark would be a better option for my mother and me to expand our business. Looking back at how much
success a company could have when expanding internationally with Denmark. Knowing
the United States and the European Union
(EU) has the most extensive trade
agreement with a better opportunity to achieve globally.
With the United States having many contracts
with Denmark on both exports and imports only to have an increase in services and goods.

 Suggest which
country is the better choice and provide a rationale for your selection. Next,
a state which key factors you can identify to support your decision.

Competitive
advantages associated with expanding into lower ranks country versus higher countries is through acts of innovation. Some
innovations create competitive advantages by perceiving an entirely new market
opportunity that others have missed. In international markets, changes yield competitive advantage anticipate
both domestic and foreign needs. Once a company achieves competitive advantages
through a change, it can endure only
through restless improvement. A nation’s completeness depends on the size of
its industry to innovate and upgrade for both lower-ranks and higher ranks
countries. Innovations that respond to concerns or circumstances that are
peculiar to the home market can retard international competitive success.

 Therefore, investing overseas involves a careful analysis of the economic, Political and
business risks that might result in unexpected investment losses. “Risk analysis is a fundamental step in building and
monitoring an international portfolio (Perry, B., 2017, December 25)”.

Primary
risks associated with any foreign country by investing and expanding into lower
and or higher-ranking county would be Economic, Political, and Sovereign risks
(Perry, B., 2017, December 28). Economic threat: The country’s ability to pay back
its debts. Political risk: The
country’s willingness of a county to pay the debt
or maintain a hospitable climate for outside investment. Sovereign risk: The risk of a foreign bank altering its foreign exchange
regulations to reduce the value of its foreign exchange. I believe that these
three risks are significant when trying to expand into another country especially a
foreign country.

 Present the primary risk associated with
expanding into the lower-ranking country versus the higher-ranking nation. Next, provide the competitive advantages
associated with extending into the lower-ranking nation
versus the higher-ranking nation.

       According
to “Office of the United States Trade Representative, The United States and Somalia
do not have any trade agreements (Office of the United States Trade
Representative. (n.d)”. Somalia is currently the largest trading partner with
both exports and imports. “The trade balance between the U.S and Somalia had a
surplus in trade in 2016 but almost a decrease of 15 percent over 2015 (Office
of the United States Trade Representative. (n.d)”. I predict that if I were to
expand my business to Somalia, it would
probably fail sooner or later.

Some strengths that Somalia has
according to the World Bank Group website
is that Somalia has pretty good rankings for doing business 2018, For an
overall rank of one hundred and ninety which is very bad and that starting a
business being ranked at one hundred and eighty-seven,
therefore, is very bad. The change in DTF for starting a business decreased
by 2.94 points being 48.71 in 2017 to 45.77 in 2018. A weakness that stands out
for Somalia is also the distance to frontier (DTF). Somalia is overall doing business 2017 DTF came in at 20.29
compared to doing business 2018 DTF which came in at 19.98 making a change in
DTF decreasing by 0.31 points. Key benefits are Somalia has a little to no
opportunity to bring in a lot of business internationally.

The
lower-ranking country in which I picked to go international with was Somalia.
Somalia Is located at the end of the economy
ranking list provided by the World Bank Group’s website ranked at one hundred
and ninety. Somalia is in the sub-Saharan African region which has a low income
but has a rank of one hundred and eighty-seven in starting a business. Both
Protecting Minority investors and paying taxes are
ranked at one hundred and ninety. “Sitting at the 161st largest export economy and 159th
imported economy in the world (Somalia., n.d)”.   

Provide a brief description of the lower-ranking country you
have.  Next, analyze the various rankings and
discuss the strengths, weaknesses, and key benefits of this selection. You will
then examine this country’s major existing trade agreements and predict whether
they will assist or deter your venture.

      
According to “European Commission’s Trade Agreement, The United States and the European Union (EU) has the largest trade agreements (U.S. Relations
with Denmark., 2016, September 19)”. “The EU and U.S economies account together
for about half the entire world and nearly a third of world trade flows (U.S.
Relations with Denmark., 2016, September 19)”. The trade and services for Eu
and U.S between 2013 to 2015 both imports and exports increased. I predict that
if I were to expand my business to Denmark in the EU, it would probably assist in my business.

Some
strengths that Denmark has according to the World
Bank Group website is that Denmark is ranked number three in the rankings for
doing business 2018 and that starting a
business being classified at thirty-four,
therefore, is very good. However, the change in DTF for
starting a business increased by 0.03 points being 92.47 in 2017 to 92.50 in
2018. A weakness that stands out for Denmark is the distance to frontier
(DTF). “DTF is the measure that shows the distance of each economy performance
is observed across the economies in the doing business (Doing Business Measuring Business Regulations., n.d)”. Denmark is overall doing business 2017 DTF came
in at 84.07 compared to doing business 2018 DTF which came in at 84.06 making a
change in DTF decreasing by 0.01 points. The key benefits are that Denmark has a fantastic opportunity to bring in a lot of business
internationally.    

The
highest-ranking country in which I picked to go international with was Denmark.
Denmark is listed as number three on the
economy rankings list provided by the World Bank Group’s website. “Denmark is
known for being among the world’s top countries when it comes to a diverse range of products and services (Denmark: Danish
Business Culture. (n.d)”. Denmark is ranked thirty-four with starting a
business, protecting minority investors with a rank of thirty-three and with
paying taxes ranked at eight. When doing
business in a foreign country such as Denmark, a lot of people experience a
culture shock.

Provide a brief description of the higher-ranking country you
have selected.  Next, analyze the various rankings and
discuss the strengths, weaknesses, and key benefits of this selection. You will
then examine this country’s major existing trade agreements and predict whether
they will assist or deter your venture.

Our
reason to expand internationally was to offer our services that are unavailable
in certain parts of the world but are high in demands. Expanding abroad can provide a new base of eager customers
without competition being close by.

The
organization in which I will be presenting is TG Catering. TG Catering is a
business that my mother and I mentally came up with about a year ago when
deciding if we wanted to start a catering business or a gym for cheerleading.
After coming up with multiple reasons to start TG Catering, we begin to
research opportunities on how to spread from small local business to having several
other locations and eventually become international.

x

Hi!
I'm Elaine!

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