Essay on Information on the Republic of Chile - 532 Words

1.0 Introduction Chile, officially known as the Republic of Chile, is one of South America’s most stable and affluent countries. The purpose of this report is to research the country of Chile and investigate whether it is a suitable country and market for the Australian leisure and gym wear business ‘Alvernian’ to successfully enter into. This expansion will involve a serious commitment of both financial and human resources therefore it is imperative to investigate the country of Chile and formulate strategies upon entering. This was discovered through resources such as business textbooks, library books and the World Wide Web. This report will also outline the key elements of the international business environment, the key concepts of†¦show more content†¦3.0 Strategies for Managing International Business Strategies for managing international business consist of marketing management, operations management, finance management, and human resource management. 3.1 Marketing Management The function of marketing is to focus on the needs of consumers as well as consider wider influences (such as pressure from key stakeholder and an ever-increasing competitive business environment) to ensure that the very best decisions are made for the business. (Business Organisation and Management for QLD) This is the ultimate goal for businesses to enhance their current position by taking advantages of opportunities existing in the global market place. Benefits of marketing management include that better economies of scale can be achieved and new approaches will be recognised which can be further utilised. Also diversifying markets means more financial stability which will be talked about later. 3.2 Operations Management Operations management refers to the activities involved in the actual production of goods and services: this is the part of an organisation that has to ‘get the job done’ (Business Organisation and Management for QLD) Operations management involves global sourcing in which a business seeks to find the most cost efficient location for manufacturing a product, even if the location is a foreign country; in this case Chile. For instance, if manufacturing and delivery costs are lower in Chile due toShow MoreRelated1. Who are the country’s main competitors and how is it positioned relative to these main1100 Words   |  5 Pageseconomy, 2012 (Latin American and the Caribbean) Country FDI in 2012 (Millions of dollars) 1. Brazil 65 271.85165 2. British Virgin Islands 64 895.73812 3. Chile 30 323.047 4. Colombia 15 822.93615 5. Argentina 12 551.11934 6. Peru 12 239.67185 7. Cayman Islands 4234.45103 8. Dominican Republic 3609.6 9. Venezuela 3216 Dominican Republic holds the 8th position in FDI inflows in the Latin America Caribbean sector, just above Venezuela, according to 2012 data provided by The World Bank . Due toRead MoreNatural Disasters, A Study Of Events1596 Words   |  7 Pagescurrent times. Finally, we will cover how we could better predict future events and plan accordingly. We will explore the effects of Hurricane Andrew on Homestead, Florida, the 2010 earthquake on Haiti and a tsunami event that occurred in 1868 in Arica, Chile. For each of these events we will also look at the recovery efforts these cities took in order to rebuild following these disasters. Natural Disasters, A Study of Events 3 Natural Disasters, A Study of Events Natural disasters are byRead MoreA Educational Excellence And Standards For More Than 30 Years Essay1545 Words   |  7 Pagesenvironment full of cultural variety. RIT has helped to the economy from those countries and other such as the Dominican Republic, preparing professional to make a successful career in a global society. RIT has been focused on expanding its campuses in countries where they know could have a great impact in today’s global economy development. Latin American countries like Chile and Asian Countries such as Thailand could be a great location for RIT to expand its campus giving new opportunities forRead MoreU.s. Foreign Agricultural Production1492 Words   |  6 Pagesalso a main focus. Scientists are developing rice and corn crops that are drought and flood resistant and helping to improve the productivity of soil, as well as production systems that require less pesticides. The USDA is delivering science based information to farmers and ranchers which will help them make informed decisions and improve practices in environmental conservation. According to the United States Census Bureau the average educational level in the U.S. has increased in the past two decadesRead MoreDisney Theme Park Case Study3545 Words   |  15 Pagesfrom the other two Disney parks: Tokyo and Hong Kong. 5. The similarities of the Disney websites are many. The main similarity is that all websites are in English. Other similarities include access to information about the parks, purchasing tickets online, making reservations, and information on the transportation in and around the park. There are not many differences in the websites, though. The main difference is that although all websites are defaulted in the English language, depending onRead MoreApple And Stock Project : Apple Inc. Essay1122 Words   |  5 Pagessoftware’s, and etc. Apple’s competitors are Samsung, Amazon, Microsoft and Google, Apple’s products are manufactured in Shenzhen, China, Czech Republic, South Korea, Singapore, and Philippines, Apple outsources hundreds of thousands of manufacturing jobs to countries like Mongolia, China, Korea, and Taiwan. Apple plans retail expansion for Mexico, Chile, Peru, and Argentina. Responsibility Apple’s philosophy is â€Å"We will truly understand their needs better than any other company.†. Apple’sRead MoreThe Effects of Cultural Differences in International Business;2857 Words   |  12 PagesThe Effects of cultural differences in International Business; through the analysis manners and customs of a country: Chile. Selene E. De Leà ³n Basurto. National American University Online Author Note Selene E. De Leà ³n Basurto, International Business, National American University. Selene De Leà ³n is now at Online Courses of Composition II, NAU Online. Abstract Culture can influence business in different ways, and culture is one of these obstacles that can affect the entire cooperation between twoRead MoreChile s Economic Freedom4108 Words   |  17 PagesIntroduction CHILE From the point of view of economy freedom, Chile’s score is 78.7 (2014 Index of Economic Freedom Chile, 2014). This makes Chile’s economy the 7th free economy in the index of 2014. The total ranking is a bit lower than previous year. There is a change, to be more precise it’s a positive change in the investing figures of Chile. Chile is considered at a very high position with regards to its economic freedom in Southern and the Central parts of America. Chile’s economy has beenRead MoreGovernment, Democracy, Authoritarianism And More870 Words   |  4 Pagesin the development of a country. It is really difficult to exploit the real potential of a country under an unstable climate. The knowing of a sudden change of regime at any moment can be devastating to a country. A country such as the Democratic Republic of Congo which after the coup to his first, second and third president find itself in a difficult politically position. Even after obtaining his inde pendence in 1960 from the Belgium colonist, the DRC rapidly saw his first president being taken downRead MoreEarthquakes Disasters Caused By Earthquakes1564 Words   |  7 Pagesin 1906 and occurred at The San Andreas Fault or (SAF), which is a transform fault. As we have talked about in class, a transform fault is when the earth on either side slide pass each other. The SAF is a right lateral transform fault (Lynch, â€Å"Information and resources about the San Andreas Fault†). This means that, suppose you are standing in a river and the fault is perpendicular to the river just front of you. Then over time the river on the opposite side of the fault will have moved to your right