International Business Operations

International Business Operations

International business also known as global business, is the profit-based exchange of goods and services across national borders, between two or more countries. International business is done with strategies, often facilitated by government’s trade and investment policies and bilateral agreements.

International business occurs in many different formats such as.

• The movement of goods between countries to another

• Contractual agreements between foreign firms that facilitated the use of products, services, and processes between them (licensing, franchising), and

• The formation and operations of sales, manufacturing, research and development, and distribution facilities in foreign markets.

International business is often classified based on their operational strategy, type of business and alliances.

Recognize the Challenges to International Business

Amidst challenges to international business, are the pressures to globalize, to accept high risks and to overcome some cultural hurdles in their way to business profits. Ease of doing business makes local as well as international business easier.

It has been recognized that in terms of ease of doing business internationally, two major forces are important. Those are:

• technological developments, which make global communication and transportation relatively quick and convenient; and

• the opening of many of the world's economies to private business through business-friendly policies and bilateral agreements within countries and in companies.

Therefore, your business needs to adapt and/or, align to policies and market conditions for profitability.

Do not Ignore the Effectiveness of Strategic Planning.

There is also the need for strategic planning, which contributes to long term profitability and business growth. Besides, effective management of Operations requires putting in place effective operational plan for short-term goals of your company or business.

As a general overview for your entire company, a strategic plan considers what projects or opportunities you will need to take on to meet your long-term goal, and what changes need to be implemented throughout to support that, usually over a 5-year or more time frame. You may need to review the plan over time or by the end of the 5-year period to improve strategic leadership of your business.

SWOT Analysis Helps:

Through operational plan and using SWOT model, your business can identify areas or units that need transformation; perhaps, because they are not generating as much revenue as they should or are causing losses. Once the business needs have been established, transformation can be driven.

So, what is your Business need?

Does your business or organization need transformation or does your operational strategy require review for effectiveness, cost savings or improvements designed to your target market conditions? Please consult the author. Also consult if you are looking for a speaker for your conference or event.

Business Marketing:

Morgan, a Preacher and Management Consultant, is into digital and affiliate marketing. Morgan has acquired solid experience in Business Operations during his over 13 years’ professional experience in UK, West and North Africa. Please get in touch for your product marketing and Business Operations strategy.

Let’s Connect:

@MorganOrioha (twitter); Morgan Kelechukwu Orioha (Facebook); mkorioha (Instagram); Morgan Orioha (YouTube); [email protected], [email protected] (emails); and +447495668994 (WhatsApp/Mobile)