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*NEW* Unit 5 International Business: M3 - Carry out a situational analysis on two countries a selected business may consider trading in$16.26
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*NEW* Unit 5 International Business: M3 - Carry out a situational analysis on two countries a selected business may consider trading in
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Course
Unit 5 - International Business
Institution
PEARSON (PEARSON)
*Certified High Graded Work*
Unit 5 International Business: M3 - Carry out a situational analysis on two countries a selected business may consider trading in.
btec business level 3 national diploma
Having dependable and secure payment mechanisms is critical in international trading. This is
where business support systems enter the picture. They provide a variety of solutions for firms
such as Tesla to accept payment from overseas clients and promote international trade. For
example, the cash in advance technique requires the customer to pay the vendor before the
products are dispatched, lowering the seller's risk of non-payment. Letters of credit are a bank's
payment guarantee that ensures payment will be made if certain criteria are completed. This
strategy decreases both the buyer's and seller's risk of non-payment. The open account system,
on the other hand, allows the customer to view the products before paying for them. This
strategy is frequently utilised in long-standing commercial partnerships when trust is high.
Consignment is a type of sales agreement in which the seller keeps ownership of the items until
they are sold. This strategy is useful when the buyer is unwilling to pay for items in advance, or
when the seller wishes to offer goods in a new market without investing in inventory. Other
payment alternatives that allow for secure and efficient transactions include foreign credit
cards and international bank transfers. Finally, commercial payment services like PayPal or
Pioneer can help with overseas purchases. These solutions give an extra degree of protection
and can make the payment process easier for both the customer and the vendor. In conclusion,
business support systems are critical in enabling firms like Tesla to trade worldwide. They
provide a variety of safe, efficient payment solutions that help to minimise the risk of non-
payment while allowing Tesla to trade in the global marketplace more efficiently and safely.
L.AC M3:
Carry out a situational analysis on two countries a selected business may
consider trading in
Businesses in today's worldwide economy have the chance to develop into new markets and
communicate with their clients in previously inaccessible regions. Regardless of rivalry, external
variables can have a big influence on a company's performance. When considering market
growth, organisations must be aware of and properly study these external influences. External
influences such as government legislation, economic conditions, and society values can all have
a significant impact on a company's success or failure. They are outside of a company's control
and can have a direct influence on its capacity to function efficiently and successfully.
Businesses must evaluate these aspects and weigh the risks associated with entering new
markets. Businesses can better comprehend the possibilities and difficulties that may result
from market development by evaluating these external variables. This enables better informed
decision-making as well as the flexibility to adjust to changing market conditions. Finally, a
, comprehensive examination of external variables can assist organisations in mitigating risks and
increasing their chances of success in new markets.
In this assignment I will be undertaking a concise analysis
and justification of the impact of situational analysis, this
will entail three aspects including Porter Five forces, SWOT
and the 5Cs on Tesla when operating on the international
marketplace in two countries. The two countries I have
chosen are Japan and Spain in which Tesla may consider
trading in.
Situational Analysis 1 - 5Cs: - Japan and Spain
Company:
Tesla is a multinational electric car manufacturer that has gained immense popularity and
recognition through their influential and quality electric vehicle offerings to consumers which
took the EV market by storm in which Tesla become a huge transition and influence towards
the movement from diesel/petrol vehicles to electric vehicles, changing consumers behaviour
while also becoming a market leader, allowing the enterprise to gain competitive advantage
through cutting production costs, and assistance of international payment methods to enable
more easy, smoother and convenient shipping transactions. Tesla is a pioneering electric
vehicle and energy storage firm that has devoted itself to sustainability. Its purpose of
hastening the journey to renewable energy is complementary to Japan's intention of slashing
greenhouse gas pollution. At the same time, the corporation may bump into issues concerning
pricey production costs and restricted manufacturing capability in Japan. Moving forward to
Tesla operating in Spain. As part of Spain's effort to reduce carbon emissions and increase
renewable energy's share in the country's energy mix, Tesla's sustainability focus aligns well.
Tesla's energy storage solutions might find a favourable market in Spain due to its push for
renewable energy.
Customers:
The Japanese market is well-known for its high demand for environmentally friendly and
sustainable products. The term "sustainability" refers to the process of making a decision about
whether or not to use a certain product or service. Tesla's reputation for sustainability and
innovation may provide the corporation with a competitive advantage in the Japanese market.
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