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Critically Evaluate Business Practices In Global Context: Essay.

11 Pages / 2,598 Words Published On: 21-12-2020


Critically evaluate existing business practices in the local, regional or global context. Subject content should also cover operations, management processes, business ethics and the role of business in society

You and your team are feeling more confident by the day about investing further in your business.

You have decided to put more of your time into it and beefup your business plan a little further to make it professional and attract investors from international markets.

Expand your report by preparing a professional business proposal, covering the following in 1500 words.

1. Consider these factors as they relate to the international arm of your business: (Address the R&D involved in your business and address the three different phases of planning your production overseas)

  • How your product will be shipped to overseas customers and the price of that shipping.
  • How Australian GST laws will affect overseas prices
  • How laws in other countries or international agreements might have a major impact on your business.  This may not be too relevant to your product, but if, for example, your product is a military one or one that disrupts the environment, you should discuss the laws that might impinge on your business.

2. Explain the purpose a “Freight Forwarder” typically serves and explain how a Freight Forwarder could help in your business.

3. Explain how you could set up an international marketing campaign with both Google and Facebook.  That is, provide a broad outline of the most useful marketing strategies you could take advantage of and provide an indication of possible costs.

4. Explain how you and your business team would approach managing your financial commitments and keeping financial records.  In particular:

  • would you do it yourself or hire someone to manage it for you?  If you would hire, when would you do so and how much would it likely cost in the first year.  If you would do it yourself, explain the legal obligations that the government imposes on businesses in order to fulfil their taxation obligations.
  • what the most important documents you would need to keep

5. Identify what is meant by risk and reward in the international space and define economics with types of economic systems likely to be encountered internationally for your business.

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My Assignment Help. (2020). Critically Evaluate Business Practices In Global Context: Essay.. Retrieved from https://myassignmenthelp.com/free-samples/bld505-strategic-business-planning/strategies-involved-in-expanding-a-business.html.

"Critically Evaluate Business Practices In Global Context: Essay.." My Assignment Help, 2020, https://myassignmenthelp.com/free-samples/bld505-strategic-business-planning/strategies-involved-in-expanding-a-business.html.

My Assignment Help (2020) Critically Evaluate Business Practices In Global Context: Essay. [Online]. Available from: https://myassignmenthelp.com/free-samples/bld505-strategic-business-planning/strategies-involved-in-expanding-a-business.html
[Accessed 30 September 2023].

My Assignment Help. 'Critically Evaluate Business Practices In Global Context: Essay.' (My Assignment Help, 2020) <https://myassignmenthelp.com/free-samples/bld505-strategic-business-planning/strategies-involved-in-expanding-a-business.html> accessed 30 September 2023.

My Assignment Help. Critically Evaluate Business Practices In Global Context: Essay. [Internet]. My Assignment Help. 2020 [cited 30 September 2023]. Available from: https://myassignmenthelp.com/free-samples/bld505-strategic-business-planning/strategies-involved-in-expanding-a-business.html.


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