Business > CASE STUDY > C714 v2 Task 2 Template .docx (2) Task 2: Innovative and Strategic Thinking Course Code (All)
C714 v2 Task 2 Template .docx (2) Task 2: Innovative and Strategic Thinking Course Code
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C714 v2 Task 2 Template .docx (2) Task 2: Innovative and Strategic Thinking Course Code: C714 v2 A. Discuss at least TWO potential risks that the company from the scenario may encounter in ente... ring the new market and describe the impact to the company. (Unit 3: Managing Risks.) 1. One risk in entering a foreign market is the traditions within the region you are trying to enter. In order to be successful you will need to comply with no just the laws and regulations within an area but also respect the customs. When I was deployed to the Middle East during the season of Ramadan we had to be respectful of their religious practices of not being seen eating in public during daylight hours. A lot of countries have religious practices that are held to such a high respect that companies could be prosecuted under law for disrespecting whether intentional or not. 2. Another risk in entering a new market tha. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [Show More]
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