The network identifies a business opportunity, amasses the capital and influences the investors to start a business in a viable market. Additionally, through the network the investors have increased control of the operations of the companies since the business owners elect a board of governors and appoint the chief executive among other influential individuals to run the companies.
The American companies operating in France through such networks include LeBlanc Corporation, Allied Signal Laminate system, Trane Company and L.B White Company among others. Notably, the above companies belong to business people from the state of Wisconsin. LeBlanc, formerly known as the Noblet firm is a leading manufacturer of wind instruments in Europe. The company operates in a unique market targeting the elite societies in Europe who prefer the use of clean energy. The business that began in France’s LaCouture Boussey village has expanded its operation and is currently accessing other marketing in the region. Communication in the company occurs in French a feature that influences the operations of the company. Notably, the company further accesses other French speaking countries besides France such as Belgium and Quebec among others.
The presence of the US chamber of commerce in France has therefore pioneered economic growth in the country since such business networks seek to intensify economic activities in the country. The development of such companies as Noblet firm currently known as the LeBlanc in 1904 portrays the fact that the business networks began early in time and have pioneered the growth of numerous companies in France thereby contributing to the economy of the country (Joseph, 1918). The expansion of markets as fostered by the American chamber of commerce in France helps grow the economies of both countries. By setting up companies in foreign countries, the networks provide ...Show more