International Business - Research Paper Example

The tremendous amount of development in the fields of technology along with high level of advancements in the telecommunication arena has resulted in the process of emergence and spread of various kinds of internet powered gadgets like Smartphones, tablets etc. Because of the nature, psychology and fascination towards technological gadgets, the new age electronic devices which has attained the status of lifestyle objects, has gained speedy acceptance in the lives of the masses around the world.

On the same lines, it is important to mention that because of the continuously changing world, the lifestyle of the masses located in the markets of the developed as well as the fast emerging regions are also witnessing a steady shift. Because of the rise in pace of human lives as well as growing hectic schedules, the internet powered gadgets has become the modern day individual’s gateway to knowledge, information, entertainment as well as a host of other activities. The multi feature facilities supported by the recent day gadgets play a highly catalytic role on this particular arena.

Due to the favourable points of access of the internet from various latest day gadgets and phones, the consumers located in various corners of the world are getting increasingly exposed to trends of various markets. The process of globalization, is continuously paving the way for spreading of new trends in the markets of both the developing as well as the developed regions. With the arrival of new trends, consumers are getting more and more demanding in nature in regards to their specific requirements.

This is in return creating a demand in the marketplace for kinds of innovative products and services. It is highly important to state that the new demands that are emerging in various markets around the world because of sophistication of consumer behaviour of the masses are resulting in the emergence of a new kind of business opportunity. Sensing the rise of new opportunities for business in various markets around the world, the companies and organizations which are located in distant foreign locations are continuously evaluating the gains that might emerge by entering in the new business markets.

This trend of entering of new markets by foreign companies is resulting in the rise of international management in the arena of business. It is very important to state that while concentrating on the process of business management of international nature, various factors and trends that are very different from the influencing factors of domestic business has to be considered by the management of the organization. This project highlights the strategies that has to be designed by the firm named Qatar Petroleum for the purpose of entering international markets, while taking into account the various factors that might bring a significant amount of influence in the entire process.

It is utterly important to state that this project will be largely based on concepts of international management. It will also include linking the concepts of international management for designing strategies related to international management. Needs for International Management The growing levels of competition in the multiple markets around the world have created a sense of urgency on the companies in regards to successful value creation and communication for their respective products and services.

With the emergence of multiple firms offering homogeneous