Report on the possibility and possible problems of doing business in Essay

Report on the possibility and possible problems of doing business in China - Essay Example They would also be capable of using the connections that they have made with influential partners. Within this report, we examine the macro-environmental factors that have played a role and influenced the success of Visage. The factors at play here are political, technological, economic, and sociocultural. While the political aspects of it can affect the running of the business, it can also help to establish good business relations, which is the key to the business having support and success. Concerns can also be found within the stability of the economy, despite recent rapid growth. It is something that Visage should stay wary about. Fortunately, one of the benefits that Visage could see if they moved their manufacturing company is that resources can be bought at a lower price. Should Visage choose to have investment in China, they would also need to create a greater research scale into the economy to avoid the aforementioned problems. Entering into a joint venture with an already local Chinese company is the best way to go about doing appropriate business in China. If this should be the case, then heavy research must be done to assure that they are getting the best partner, one who already has strong connections with government officials and has already established a trusted company. Should Visage choose to do their trade in China, they would need to consider targeting the middle class, as they have the purchasing power and the will to spend money on quality items. A UK clothes wholesaler, Visage, is interested in expanding its business prospects by moving to China. Deciding to follow the footsteps of their competitors, Visage, which currently domestically manufactures their goods, has decided to look into the possibility of outsourcing in China. As China has become one of the greatest economic powers, it would be a perfect place for Visage to consider investing. In this report, the possible