C714_v2_Task_2.docx C714 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 entering the new market and desc
...
C714_v2_Task_2.docx C714 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 entering the new market and describe the impact to the company. There are going to be risks factors when entering a foreign market, which goes without saying. This company is going to have to cover all of the details to be sure they understand and comply with foreign laws and regulations that specifically apply to that nation. To help avoid risk in this situation the company should first start by studying the laws and regulations of India. The company may also want to reach out and find someone specifically living in that area that could provide guidance on where to start or provide connections to the appropriate parties. Another risk factor to consider would be the Indian Business Culture. This culture focuses on relationships and trust building. To do business with Indian managers, it is advisable to get to know them and develop a personal relationship with them. B1. Conduct a SWOT analysis of the company in the scenario by identifying at least two internal strengths. 1. The company™s ethical statement that guides their decision making states that they will make decisions that are sustainable for customers and the environment. 2. The company™s founders have created an organizational culture of innovation. B2. Conduct a SWOT analysis of the company in the scenario by identifying at leas. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .. .. . . . . . . . . . . . . . . . . . .. . . . .
[Show More]
