Entering American Business in a Foreign Country
I. COMPANY BACKGROUND INFORMATION Our company Electrical Repair Incorporated has been operating in the domestic arena for 10 years. Electrical Repair Incorporated is a moving company in the way that our headquarters are in Los Angeles, California however our employees travel to different places domestically repairing power lines, power poles and cables in times of natural disasters. Natural disasters range from storms, hurricanes, typhoons to terrorism attacks.
II. INFORMATION ON PRODUCT OR SERVICE Electrical Repair Incorporated goes around to different cities and states in their time of need putting up electrical power lines, cables, and poles. Our company works as west as California helping out with the San Andreas earthquakes, as north as New York with the 9/11 attacks, and as south as Florida with the hurricanes.
III. STRATEGIC PLANNING PROCESS
A. EXTERNAL ENVIRONMENT ANALYSIS
1. Physical Forces A. Location
Data: The Dominican Republic is an excellent perspective location for foreign business in terms of its trade agreements. The country benefits from the Central American Free Trade Agreement (CAFTAN). This trade agreement minimizes trade barriers between the United States, Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua. The combined yearly total goods traded among all seven countries are approximately $32 billion. The trade total between the U.S. and the Dominican Republic alone already equals close to $9 billion a year ("Washington File", 2004). In addition, the country has trade agreements with the World Trade Organization (WTO), the Association of Caribbean States and several other direct free trade agreements with other Caribbean nations ("Sice", 2004).
B. Topography
Data: The Dominican Republic is a land of varied landscapes comprised of rain forests, valleys, and desert regions amongst others. The area of the country is approximately 48,442 square kilometers with 1600 kilometers of coastline and 300 kilometers of
II. INFORMATION ON PRODUCT OR SERVICE Electrical Repair Incorporated goes around to different cities and states in their time of need putting up electrical power lines, cables, and poles. Our company works as west as California helping out with the San Andreas earthquakes, as north as New York with the 9/11 attacks, and as south as Florida with the hurricanes.
III. STRATEGIC PLANNING PROCESS
A. EXTERNAL ENVIRONMENT ANALYSIS
1. Physical Forces A. Location
Data: The Dominican Republic is an excellent perspective location for foreign business in terms of its trade agreements. The country benefits from the Central American Free Trade Agreement (CAFTAN). This trade agreement minimizes trade barriers between the United States, Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua. The combined yearly total goods traded among all seven countries are approximately $32 billion. The trade total between the U.S. and the Dominican Republic alone already equals close to $9 billion a year ("Washington File", 2004). In addition, the country has trade agreements with the World Trade Organization (WTO), the Association of Caribbean States and several other direct free trade agreements with other Caribbean nations ("Sice", 2004).
B. Topography
Data: The Dominican Republic is a land of varied landscapes comprised of rain forests, valleys, and desert regions amongst others. The area of the country is approximately 48,442 square kilometers with 1600 kilometers of coastline and 300 kilometers of
Bibliography: 1. Encarta (n.d.) Retrieved November 15, 2004 from http://216.239.39.104/search?q=cache:abzV3_ADkm4J:encarta.msn.com/encyclopedia_761563569/Dominican_Republic.html+dominican+republic+natural+resources&hl=en&start=9 2. Jeanne (n.d.) Retrieved December 2, 2004 from http://www.cnn.com/2004/WEATHER/09/18/jeanne.ap/ 3. Library (n.d.) Retrieved October 20, 2004 from http://lcweb2.loc.gov/cgi-bin/query/r?frd/cstdy:@field(DOCID+do0031) 4. Sice (n.d.) Retrieved October 10, 2004 from http://www.sice.oas.org/Trade/domrep_e.ASP 5. Theodora (n.d.) Retrieved December 5, 2004 from http://www.theodora.com/wfb2003/dominican_republic/dominican_republic_geography.html 6. Threats (n.d.) Retrieved October 14, 2004 from http://www.state.gov/p/wha/rls/rm/14327.htm