The criteria used by Fortune to rank the top global companies were revenues. These companies were not ranked by profit. In fact, Fannie Mae, ranked internationally as Global 500’s 26th company should a profit loss.
The US holds 7 positions of the top 25 companies while China only holds 3 positions and Japan only 2 positions. I was surprised by this because media causes us to believe that China and Japan are taking over US industry and profits. Not surprisingly, 14 of the top 25 companies are in the oil/gas/utility business and 4 are vehicle manufacturers. Fortune: Global 500
Royal Dutch Shell
China National Petroleum
Japan Post Holdings
23Brazil: Rio de Janeiro
26US: Washington D.C.
This report was commissioned to examine the pursuit of international expansion opportunities in Poland. To achieve economies of scale, our marketing and manufacturing division is aiming toward a strategy of minimum local adaption and we believe that Poland is the best place to achieve that. We have determined that we can produce laptop computers more efficiently in Poland.
Poland has a mixed economic system in which the economy includes a variety of private freedom, combined with centralized economic planning and some government regulation. Poland has been a member of the European Union (EU) since 2004 and foreign direct investment (FDI) has played a significant role in supporting Poland’s labor-intensive and medium-technology sectors. Strong economic growth potential, a large domestic market, tariff-free access to the EU, and political stability will allow our company to develop a lucrative relationship with this central European country.
Poland is the only EU country that was not a part of the 2009 recession. Dell has a manufacturing facility in Poland which will give us access to a highly trained work force. The unemployment rate for the country is 12.5% which gives us the opportunity to enter this democratic and fast-developing country.
In developing this relationship, it will be essential to consider their local culture. Periods of silence during negotiations are not unusual. We should not try to fill the silence with unnecessary talk. We will have to be patient throughout negotiations. In Poland, the decision-making process is slower than in the United States. So we must be prepared to have several meetings before clinching the deal. Building relationships and face-to-face contact is imperative for business and cooperation for their culture. They don’t do much business over the phone or through email. They DO NOT work on Sundays and we must take this into consideration when hiring and scheduling our workforce.
To begin our pursuit of international expansion, our research shows...