MBA -International Business- Essay Example | Topics and Well Written Essays - 4000 words

MBA -International Business- - Essay Example Production can now be done within different nations as well as distant geographical regions by companies through the process of internationalization. This has probed the multinational corporations or individuals who intend to venture into the international trade to learn about international business. However, countries differ in institutional frameworks, social cultural as well as the political orientation. It is thus very important to learn and understand the different cultures, institutional frameworks as well as the political scope of the other countries for the sake of any beneficial interaction. They are critical determinants of the performance of the introduced business as wholesomely they form the business environment t in which the business will be operating. Differing perspectives within countries as regards to these institutional as structural set-ups would differently affect the business. The success of an industry within one country does not therefore automatically ascert ain success to the same business within another country. For instance, the United States and Brazil are nations that regularly interact in business relations. In the United States, the first impression matters a lot and is basic to the success of every business relationship. The Americans appreciate eye contacts and a firm handshake with business partners (Bowie, n.d p.1-12). In regard to understanding the intrigues surrounding the expansion of a manufacturing industry from the Western country into a member country to the BRIC block, we shall take an analysis case of a textile firm based in the U.S.A intending to expand her operations into Brazil. Brazil is a member country to the BRIC group together with the Russian republic, India as well as China (Pedro et al, 2012, p.4). This research intends to study the opportunities and challenges, associated with the cultural and political environment in Brazil and which are likely to affect a foreign textile industry there. We also intend t o study other appropriate business forms for the manufacturing plant. Lastly, we intend to survey the business environment in Brazil, through which we shall explore the opportunities available as well as the challenges that this manufacturing industry is likely to face while exploring the market within Brazil and thus have dependable conclusions and recommendations. Discussion: Administrative duties within Brazil are carried out in Brasils as it is where the elected federal officials reside, she is the 6th largest economy after she over did UK in 20111 (Lara, 2010, p.6). She has a population of approximately 180 million people with majority of the people living in urban centers. She has a modern economy with agriculture servicing about 9 percent, industry and manufacturing servicing about 37 percent and service industry servicing about 53 percent of the total GDP. Over a long time, her largest business partner has been the United States though greater trends are emerging with China and the middle-east countries taking shape in the international business scene with her. Between 1930s and 1960s Brazilian economy was dominated by import substituting industrialization. She has however, undergone through a great ideological reversal since then (Cardoso, 2009, p.5). She is now a major global participant within the global market with