Coursework 4a Business Internationalization

Coursework 4A
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Question one:
Most small businesses deal with domestic markets. The companies that venture into the international market have already passed the stage of small companies and have already grown into big enterprises. These firms are fully developed into corporations and can afford international trading. Business operations might also experience some challenges and barriers through their respective operations. Below are some of the obstacles that most of the small business might encounter.
One of the barriers that the businesses might face is good risk management. Companies need to ensure that they have adequate risk management strategies as risks are inevitable in business operations. Most of the small businesses try to consolidate the resources to ensure that the company can grow. However, threats such as burglary or any other dangers might occur infringing businesses quite hugely. Having risk management policies might also slow down the progress of the company, which becomes a continuous barrier to most of the small businesses.
Other barriers that might affect businesses in the foreign market include business policies and adaptability based on internal and external factors. Business policies in international markets might be quite unfavorable to the growth of businesses. Regulations and policies are determinants and factors that determine how businesses operate as companies need to adhere to all the set operational regulations. Adaptability is another barrier (Ali, H. (2015). Businesses need to adapt to new environments well. Internal factors such as the resources of the business, the policies and strategies and external factors like culture, political influence and economic factors might affect adaptability in foreign environments. Adaptability becomes a barrier for businesses why they are trying to internationalize.
Discussed are some of the recommendations that small business can use as they attempt to internationalize in the foreign market. One would be business to find strategies that they can use to alleviate risks mitigate risks involved in business operations. After alleviating risks, businesses need to ensure that they also have some portion of resources to solve any unpredicted risks that might occur. The next recommendation would be businesses ensuring that they find an environment where the regulations are favorable to business operations as unfavorable government regulatory policies might thwart the growth of small businesses (Cullen & Parboteeah, 2017). Lastly, businesses should ensure that they have stabled internal scorecards and ensure that...