Economic And Political Challenge When a company enters a new location for business, the economic and political view of the location might be a little bit different or even totally different from its previous business location, this could cause major problem in terms of adapting to the term of doing business of the new location. i.
e. Interest rate, inflation, Taxes, Government Controls, Legal constrains. These could cause the company a big loss in terms of generating revenue. Surely if the company needs to be successful ultimately in the international marketplace, it needs to take high consideration of the economic and political view of the new location it’s about to go into.Environment ChallengeWhen a company enters a new location for business, the ecological factor of the location might be a little bit different or even totally different from its previous business location, this could cause major problem in terms of adapting to the new location. i.
e. weather, climate change, pollution, environmental related laws. For example, Scotland has a cold climate. Resultingly, the productivity of workers might not be as high and heat conditioning systems may have a larger market, compared to Nigeria with a different climate.Technological ChallengeWhen a company enters a new location for business, the technological factor of the location might be a little bit different or even totally different from its previous business location, this could cause major problem in terms of adapting to the new technology of the location. i.e.
internet connectivity, cryptography, wireless devices, automation.
