Choose an international company. what are the characteristics that make this company different from domestic companies
http://www.tradestart.ca/domestic-vs-international
http://www.assignmentpoint.com/business/management/how-international-company-is-different-from-domestic-company.html
You have to choose an international company, one that sells products or services in more than one country. The sites above explain how they must be different than a domestic company that does business only in their home country.
To answer this question, let's choose Apple Inc. as our international company.
There are several characteristics that make Apple Inc. different from domestic companies:
1. Global Presence: Apple Inc. operates in multiple countries around the world, with retail stores, manufacturing facilities, and offices across different continents. This global presence allows them to tap into diverse markets, cater to different consumer needs, and expand their customer base.
2. Brand Recognition: Apple Inc. has built a strong brand identity globally. Their products and services are known for their innovative design, quality, and user experience. This global recognition helps them attract loyal customers and maintain a competitive advantage over domestic competitors.
3. Supply Chain Management: As an international company, Apple Inc. has complex supply chain operations. They work with numerous suppliers and manufacturers located in different countries to ensure the production and timely delivery of their products. Managing the supply chain across borders requires specialized logistics, coordination, and global partnerships.
4. Cultural Adaptation: Apple Inc. recognizes the importance of adapting its products and marketing strategies to different cultures and markets. As a result, they offer localized versions of their products, take into account cultural preferences, and tailor their marketing campaigns accordingly. This approach helps them effectively address the needs and tastes of international customers.
5. Legal and Regulatory Compliance: Operating internationally also means dealing with diverse legal and regulatory frameworks. Apple Inc. must adhere to various international laws, trade agreements, tax regulations, consumer protection laws, and intellectual property rights across different countries. This necessitates a deep understanding of legal systems and the ability to navigate complex international regulations.
To find information specific to Apple Inc. or any other international company, you can refer to reliable sources such as their official website, annual reports, industry publications, financial reports, and news articles about the company's international operations. These sources can provide a deeper understanding of the unique characteristics that set international companies apart from domestic ones.