Business Economics

735 Words3 Pages
Organizations face many challenges when considering expanding their business globally. Each country got its own economical and legal rules and regulations that a business needs to conform to. Not only do they need to consider the opportunity cost and benefits that may be comes with operating in an international market, they need to understand the risk as well. It is important for ABC Complete Kitchen Inc. executive team to assess and all economic and legal factors that can influence its new plant, then incorporate economic and legal considerations into its operations plan to avoid any risk of obtaining credit, reliable market conditions, or product liability issues. There are economical factors that affect all Multinational Enterprises (MNE). There are policies that the Human Resource Management team put into place that supports the firm’s business strategies. Yet they still have hard time to create polices that are effective. One of the requirements of HRM’s position is to hire qualified individual to fit each opening position, for at a competitive pay rate. If they would hire the wrong person for a position they were not suitable for could cause serious consequences for the company’s bottom line. MNE corporations switch their employees to benefit from putting the most efficient person that is qualified in right place at a suitable salary. International trade, currency, and investment among different countries, had developed an increase in national operations. Having international connections in one country influences the economic and legal considerations in others. The demands of being competitive globally, requires a company’s needs to stay abreast on international business. With the increase in global operations, it is hard ... ... middle of paper ... ...nited States has been in a recession. “In the recovery from the United States’ 2009 recession, unemployment has proven resistant to both aggressive fiscal policy and expansionary monetary policy” (Anderson, 2014). Works Cited Anderson, P. L. (2014). Persistent unemployment and policy uncertainty: Numerical evidence from a new approach. Business Economics, 49(1), 2-20. doi:10.1057/be.2013.32 Ariana, S. M., & Mirabela, P. A. (2013). Economy, economics, economic, economical. Annals of the University of Oradea, Economic Science Series, 22(1), 403-412. Retrieved from Edition, C. (2011). SKS 5000-Business Strategies for Organizational Effectiveness within the Global Perspective VitalSource eBook for Northcentral University. Pearson Learning Solutions. VitalBook file.
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