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Essay on Doing Business with the Former Soviet Republic | ||
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This is the first 1,000 characters of 516 words (2.06 pages) in the essay titled Doing Business with the Former Soviet Republic CASE 1.2 Doing Business with the Former Soviet Republic- as managers become aware of all the different people with old U.S.S.R., U.S. businesses are realizing that they face not just one but fifteen or more new markets opening themselves to western trade. - The former Soviet Republics are eager to do business in part because they are all suffering from severe economic woes. - Their gross national products are falling, their budget deficits are rising, and inflation is dissolving citizens buying power. - So all the republics need to sell products to bring in stable western currencies and most are negotiating to sell their natural resources like oil, gold, furs, fish, and reindeer products. - Companies are also eager to use waste as a natural resource. - Recycling, mining, metallurgical, and agricultural waste may prove to be a big business. - Japanese companies are already buying coal wastes from Russia to turn into chemicals for manafacturing. - Western businesses must deal with poor communication and transportation networks, a lack of experience in Western business practices, and a currency that is not convertible. - The former Soviet republics can lure Western companies with their low-cost labor, but most workers need extensive training to work with modern technology and methods. 1. When approaching the old U.S.S.R. market about Western trade you must approach fifteen or more markets instead of just one. 2. Their gross national products are failing, and they ar... |
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Keywords: former soviet republics, gross national products, economic woes, currency, soviet republic, transportation networks, western businesses, poor communication, western business, business practices, doing business, natural resources, suffering, agricultural waste, business japanese, western companies