You are thinking about starting a business in a foreign country (the USA may be a foreign country to you). Your task is to analyze in detail the requirements to start your business. What are the local requirements? What are the governmental requirements? What are the processes, procedures, and fees to start the business? What do you need in terms of capital? Will you start the business on your own, partner with a local company, buy an existing business, or how do you plan on penetrating this foreign market?

There are various elements you should be aware of, such as: laws concerning Foreign Direct Investment, Exports, Joint Ventures, Labor, Tariffs, Strategic Alliances, Mergers, Acquisitions, Horizontal Integration, Vertical Integration, Outsourcing, and Offshoring. You definitely need to know about Inflation, Culture, Technology, Trade Agreements, Political System, Economic System, and Social System in the foreign market you plan to start your business.

The purpose of the assignment is for you to learn about what it takes to start your own business in a foreign country. Please focus on quality rather than quantity. The more in-depth analysis you conduct, the more you will learn about the purpose of this assignment. Pretend that you really are going to start a business; you never know, maybe you will.

As you work on this project, please address the following points:

1. How various forces affect international business; analyze issues, challenges, and problems related to international business for effective decision-making.

2. Explain how the global business environment makes international business different than domestic business, and understand the effects caused by globalization.

3. How and why different countries may behave differently when engaged in international business.

4. How a governments regulatory system can either encourage or discourage international business.

5. How effectively managing information technology helps manage international business successfully.

Required:

This is an individual assignment. Your completed assignment must be a minimum of five type-written pages of body/text (APA style), and you must include a minimum of ten resources (with proper citation). I am not looking for any specific answers. I want you to think, critically think, and deeply think about the possibility of you starting your own business. This is an opportunity for you to earn a grade while learning about something that you might actually do.

You are encouraged to utilize the services of the Writing Center at Keiser University. Your final draft should be reviewed by the Writing Center.