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With reference to the risk you mentioned in Q.4, what is your suggested action(s) for Sushiro? Explain. Reference is attached

With reference to the risk you mentioned in Q.4, what is your suggested action(s) for Sushiro? Explain. Reference is attached

Principles Of Marketing
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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 5. With reference to the risk you mentioned in Q.4, what is your suggested action(s) for Sushiro? Explain.

  • Reference is attached
Step 1 When a company operates overseas, it can tap into clients and market segments, that will potentially boost their profits. However, there are many risks involved in overseas operations. Step 2 The biggest risk of overseas business operations could be the foreign laws of different countries. The biggest hurdle comes in the form of accommodating the structure of the company as per the local laws, for this, the company should gain a thorough understanding of the laws of the state. There could be tax implications through the local laws of trading, that will have to be implied in order to gain operation accessibility in the region. There could be employment laws, that can be different. In every country the labor laws, minimum wage requirement, leave requirement may differ as well. Meeting the requirements of these laws could pose a major challenge. Moreover, there could be cultural guidelines of every country, which do not come with written rules. However, these cultural values have to be respected.
Transcribed Image Text:Step 1 When a company operates overseas, it can tap into clients and market segments, that will potentially boost their profits. However, there are many risks involved in overseas operations. Step 2 The biggest risk of overseas business operations could be the foreign laws of different countries. The biggest hurdle comes in the form of accommodating the structure of the company as per the local laws, for this, the company should gain a thorough understanding of the laws of the state. There could be tax implications through the local laws of trading, that will have to be implied in order to gain operation accessibility in the region. There could be employment laws, that can be different. In every country the labor laws, minimum wage requirement, leave requirement may differ as well. Meeting the requirements of these laws could pose a major challenge. Moreover, there could be cultural guidelines of every country, which do not come with written rules. However, these cultural values have to be respected.
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