International business memo Essay Example | Topics and Well Written Essays - 1250 words

International business memo - Essay Example Presented below is an outline of actions that need to be undertaken to successfully enter the Peruvian market. Firstly, it describes the current internal operations of ICC. Secondly, it illustrates relevant actions involving business strategy, form of international business, organisational structure, marketing strategy, IT and supply chain, which are essential for a successful expansion in Peru. This will significantly help in evaluating on whether or not expanding to Peru is an effective strategy for ICC. Objectives: Strategy: Global Orientation provide effective solution to the various chemical needs of clients across different industries effectively and efficiently distribute commodity chemical products to a broad range of industries in larger geographic areas Value Chain Configuration Take advantage of the strategic location of chemical suppliers in America Key Advantages consistently deliver industrial firms with cost efficient and high value chemical products expand distributio n of chemical products from Peru to potential markets in South America efficiently Take advantage of the strength of Industrial Chemicals Corporation maximise the benefit from the relationships with suppliers to deliver high value chemical solutions Key Disadvantage need to invest heavily in ways to increase cooperation and efficiency in the flow of chemical products from US headquarters to Peru Form of International Business Equity Alliance Enter into a strategic partnership with an existing industrial chemical distributor in Peru by gaining a minority ownership of the Peru based chemical distributor avoid exposure to high strategic, operational, and legal business risks Out of 185 countries, Peru got the 43rd spot for the best places for doing business in 2013 (World Bank) Peru ranked 44th based on the 2013 economic freedom indicator, and has the 29th freest economy among the 29 countries in Central and South America (â€Å"Peru†) Potential Problems Weak Ranking in the free dom from corruption Ratings from the freedom from corruption index is very much below the world average ((â€Å"Peru†)) Business Practices of Informal Sector About 70% of firms directly compete with unregistered businesses which is higher than the regional average of 62% (World Bank) Business Culture Differences Time Orientation Time is regarded with flexibility so it is usual to start a meeting late As an investor, it is still important to arrive on time during a business meeting (â€Å"Business Culture,† par. 1) High Power- Distance (â€Å"National Culture Dimensions,† par. 1) Hierarchical form of organisations tend to dominate; decision making is concentrated on the top (â€Å"Business Culture,† par.10) It is essential to conduct business meeting with top executives since they make the key decisions (â€Å"Business Culture,† par.10) Low Individualism (â€Å"National Culture Dimensions,† par. 4) Business relationship reflects their strong preference for collectivism; a reflection of their closely knit family relationships (â€Å"Business Culture,† par. 2) Inquiries on family matters are common during initial stage of business meeting (â€Å"Business Culture,† par. 3) Searching for the best complementary strategic partner: Conduct an analysis on the performance and culture of every potential alliance partner which operates in Peru Key characteristics of an effective strategic partner: Committed and trustworthy potential partner (Mohr & Spekman, 135) Potential

Organisational behaviour Essay Example | Topics and Well Written Essays - 500 words

Organisational behaviour - Essay Example This department would require less personal factors, such as meeting vendors face-to-face at the social level, which would appeal to the authoritarian personality. Intuitive-thinkers would likely perform well at a company such as Google which uses a more idealistic type of organisational structure which encourages ongoing feedback. Workers at this organisation are encouraged to build relationships with colleagues and managers and to give their unique innovations about how to change process or improve business services. This company seems to have the controls and divisions of labour necessary to make the business function, but is idealistic in terms of long-term strategy and scope. The IT would perform best in the customer care division, solving abstract problems of consumers related to their computer systems or business software. The intuitive-feeler would enjoy working with an organisation like Save the Whales, where management would be very broadly defined and it would be a more self-managed environment. Discussions in this decentralized organisation would often occur through email channels or mobile technologies as most of the organisation’s activities occur offsite and in remote parts of the world. The goal of this organisation is to make a considerable contribution to mankind by preserving wildlife. The fundamental mission of the business would appeal to the IT personality. This individual would likely work best in any division which allows for offsite job function. Working directly with the endangered animals and also having no immediate authoritarian to supervise the remote work would likely fulfil the intuitive-feeler at the emotional level. This remote environment would offer independence to the IT and a sense of autonomy. The sensation-feeler would thrive best in an organisation such as NetApp, rated the number one company to work for on Forbe’s 100 Best List. The business has a very down-to-earth leadership team and offers