Реферат: International Business Ventures Essay Research Paper International

During the second step the team must be staffed with people that have the

ability to solve problems in any situation. In the third step the team should

be properly placed and instructed. In the fourth and final step the product of

the feasibility study should be properly communicated to the decision-making

management.3 Table 2-located at the end of the paper-shows a general timeline

that a company follows through the progression of a feasibility study.

The design of a feasibility study first assumes that a company possesses the

skills and resources necessary to be competitive in the market under analysis.

Management must know the limits of its operations abroad. The operating margin

for the expense of establishing and starting operations abroad should be easily

recoverable within a reasonable time period. The design should also include the

management’s goals, which comes down from the investors of the company. The

goals of management should be to acquire specific knowledge of the partner, in a

joint venture situation, as well as the financial aspects, and the business-

environment. The currency of the host country along with the political

situation, and the economy are finer points of detail that the study must cover

when analyzing the business-environment.4 In a less formal sense the design of

the study should cover relevant material so that when viewing the final report

decision-makers will know with what they are becoming involved.

Staffing a feasibility study is of major importance. Not only must the members

be competent in communication and understanding, but the management selecting

the team must be confident in the abilities of each individual. Communication

in international affairs plays a great role for the fact that different

languages spoken and unspoken are involved. The communication through a

translator let alone person-to person communication can be vastly misconstrued.5

The individual’s communication skills should be top-notch in order to be

selected for the team.

The members of the team should also be aware of the cultural factors that play a

role in communication. Cultural interpretation and adaptation are a