The oil industry is a very lucrative market because of its escalating price in the world market together with the steady demand from customers. For a business organization engaged in the distribution of oil in the United States that would also want to conquer the nearby huge Canadian market, it is imperative that it formulates a very efficient investment strategy in order to make sure that its strategic goals and objectives are attained…
These two countries are very much welcoming in opening up their markets to foreign direct investment. However, the business organization in consideration is advised to consider partnering with a Canadian firm which will help it and will shoulder some of the risks involve. Partnering with an establish business organization in the foreign market will support the ease of entry. Also, since it is already knowledgeable about consumer behavior and preferences, the American oil distributor is more able to come up with strategy which will suit the unique needs of customers. In terms of marketing, the US firm together with its partner will focus on stressing the overall organizational image of the parent company. However, product prices and customer service will be tailored according to market conditions.
Business organizations are irrefutably recognizing the importance of operating in a socially responsible way with the rapid rise of more discriminating buyers who are willing to pay a premium in order to purchase a product which is certified to be produced by an "ethical" firm. The company's clamor for being socially responsible is often seen in their campaigns and programs to give back to the community through various means. This strategy is often to build a consistent image of operating environmentally, socially, and ethically. However, this can only be built through a consistent effort in operating in the same manner from country to country.
It is becoming more apparent that huge business organizations often become lax in pushing for more responsible operations in countries where customers are less discriminating and have less purchasing power. It has been taken for granted that these developing markets are hungry for foreign direct investments while government officials do not even care if operations are done sustainably. On the other hand, consumers choice are not dependent on ethical operations but on pricing strategies.
Business organizations that operate this way are likely to fail. It should be noted that in building a strong image of what it is, a company should be consistent of its policies no matter where it is around the world. If it wants to become recognized as socially responsible, it should do so at all times. If not, then it will be likely challenged by environmentalists who are well equipped with information and can expose this to the public at the detriment of the firm.
What would be the impact on foreign exchange markets if Congress takes too long to raise the US debt ceiling and some of the debt is in danger of default
The foreign exchange market is highly volatile and is responsive to almost all the aspect of an economy. It should be noted that the strength of a currency is often dependent on how good or bad the speculation of market players are. For example, since the economy of the United ...
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“Business High School Scholarship Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.net/miscellaneous/283281-business-high-school-scholarship-essay.
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