Subsidiary in a foreign country
Some domestic companies are considering taking advantage of globalization and moving abroad or opening a subsidiary in a foreign country. Discuss two to three important issues faced by a domestic corporation that should be addressed when creating a transnational business strategy, including the role of human resources in this process.
Your initial posting should be well researched, at least 300 words. Your initial post must meet APA guidelines and include at least one scholarly reference from course materials.
Please read carefully 300 + words
Answer preview
Expanding a company’s market by implementing a transnational strategy may sound to be a winning business strategy. However, there are various issues which are faced by domestic companies when they decide to create a transnational business strategy. Some of these challenges include political and legal risks whereby if a domestic corporation chooses to operate transnationally some issues may arise due to the difference in political and legal policies in the new geographic regions. For instance, the company may enter into a country whose standard practices are legal or illegal unlike their home country (Chou & Liao, 2017). There are political…
