International Business Essay Example | Topics and Well Written Essays - 500 words - 14

International Business - Essay ExamplePatricia cogitate too much on securing an international connection instead of gaining knowledge about the product which resulted in the immediate sense of failure once production line meeting underwent. The initial approach of requesting information from theatre offices located internationally and conducting research via email is something which is commonly followed by businesses however such inquiries are commonly improper and may result in irrelevant inquiries. It is, therefore, better to visit local trade offices of external consulates residing in the home country and seek information from them regarding businesses operating in their country. Another way of convocation information about capability targets is by accessing trade websites which provide useful information including the credibility of potential businesses. However, selection of targeted businesses should be made against the criteria based on the assessment of product or serv ice offerings. before conducting meeting it is important that mutual sagacity is achieved between parties so that situations of despair are not faced. Biggest mistakes that business typically makes must be learned and avoided however it requires a thorough research and well-directed efforts if there is no prior experience.Regarding Patricia business stumbler to Japan few major weaknesses could be identified regarding her overall understanding of the potential market and interaction with the possible business partner. Most importantly she seemed unprepared for the business trip which was made all of a sudden without any written understanding of each others business and products to be offered. Any such international business trip should be backed with the mental home of the business objective and an intensive study of the market which is targeted. The study of the potential market does include the be of the market which is served by the machinery offered.