Q:

How does domestic business differ from international business?

A:

Quick Answer

Domestic business is often easier to conduct than international business because international business means combining two or more different countries, which have different cultures, politics, legal systems, religions and business procedures. In order to succeed in international business, understanding the other country is necessary because even if the business model seems sound in one country, it might not fly in another.

Continue Reading
How does domestic business differ from international business?
Credit: Jon Feingersh Blend Images Getty Images

Full Answer

With domestic business, everyone is from the same country and generally has the same way of thinking; however, in international business, cultures collide, making international business more dynamic and challenging than domestic. Normal business factors such as market intelligence, competition, law and technology suddenly transform. The competition is generally harder, the intelligence and technology might not be available, and there are different laws to circumnavigate.

In addition to these business factors, culture plays a major role as well. Different cultures have different languages, beliefs, religions and routines. While one method might work perfectly in one country, it might actually offend people in another country. Even if the international business is established and the product or service is on the market, there are still more roadblocks, such as marketing to advertise the product or service. Instead of marketing in only one country, it needs to reach every country in which it is available, and different countries prefer different types of marketing.

Learn more about Managing a Business

Related Questions

  • Q:

    What is organizational politics?

    A:

    Organizational politics is the process of using an informal network to gain power and accomplish tasks to meet a person's wants or needs. Organizational politics may be a positive practice when the greater good of the company is affected. However, it can also be negative when people promote self-interests.

    Full Answer >
    Filed Under:
  • Q:

    What are risk assessment tools?

    A:

    Risk management tools are different procedures and tutorials put together to assist an organization in making informed decisions regarding their risk management procedures, the University of California explains. Risk management helps an organization identify, assess, manage and prioritize different risks associated with its overall operation. Once a risk is determined, the risk manager should develop a plan to minimize or reduce the impact of that risk. Each business or organization has specific strategies to manage those risks.

    Full Answer >
    Filed Under:
  • Q:

    What kinds of information should you include in an office procedure manual?

    A:

    A standard office procedure manual includes procedures covering interaction with others in the workspace, details of basic office operations, safety procedures and how to perform specific tasks. The purpose of a manual is typically to set out in detail the operations that can be standardized in order to maximize efficiency.

    Full Answer >
    Filed Under:
  • Q:

    What are office procedures?

    A:

    Office procedures are clearly defined practices that everyone who works in an office follows in the event of common or uncommon situations that arise throughout the work day. Office procedures include employee job descriptions, confidentiality protocols, phone and inner-office etiquette and hazardous materials disposal, if applicable.

    Full Answer >
    Filed Under:

Explore