Midterm Essay Example | Topics and Well Written Essays - 1250 words

Midterm - Essay Example a deal and they want to save time, managers are advised to find out more about the export market; which is through the internet and have a look at business journals and various banks of the region. 2. Internationalizing a small business through the incremental stages creates high chances of success for that business and high sustainability is guaranteed. This is quite different from when it is started at once by investing a lot of money, which ends up putting the whole idea at risk in case things don’t go as expected. It should be noted that success is only realized when the business is conducted internationally, in a self-directed manner by simply filling normal orders. It will be the growth of this business that places it in a better position for more orders and therefore gain prosperity in the international business world. There are however barriers to this success, and this is in terms of the export market where if not researched on well, the manager might end up unsuccessful in case the product they want to distribute has no market internationally. Inadequate resources can also be a hindrance, as external support is of great need for one to go through this successf ully. The culture of a particular country too is a barrier, as some countries attach beliefs to some products and ignorance in this case can be quite an issue. China for instance associates watches with death, therefore such products in that country are not welcome. 3. The internet is widely known to be informative in diverse fields that one would want to research on. When it comes to internationalizing businesses, a manager can be able to find out about the export market; in terms of what products are acceptable in that particular country of choice, their demand, and also get to find representatives in the export market that are to be of help in terms of conducting their business. It therefore in this case saves on the time that would have been used in travelling to one’s country of interest