Preview

Business Security and Globalization of Multinational Businesses Located in India

Best Essays
Open Document
Open Document
3727 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Business Security and Globalization of Multinational Businesses Located in India
Abstract
This paper will outline the background of the country of India to its present day. This will include a brief discussion on how the country has become an attractive location for businesses to establish a global footprint. In doing so, there are many aspects that must be considered when setting up a business of operations within India. Business security and what can be experienced when a business finally decides to take the step. This includes aspects of local governments, local culture, and employee pool, just to name a few. Then, there is the risk associated with doing business in India once the operation is established. This can include terrorism, government conflicts, and employee concerns. While there is a large list of security concerns for a business to consider before making this type of commitment, many can be avoided or at least minimized through proper planning. I will discuss solutions that can be implemented to reduce the amount of risk associated with the security adversity when establishing a global business within India.

Business Security and Globalization of Multinational Businesses Located in India
Introduction
Businesses today have pushed their footprint of operation outside what is considered to be their home country. A business that is a multinational business will have operations in many other countries. The one country that the headquarters is located in is considered to be the home country. The countries that contain just an operational branch are known as host countries. In the host countries are where business security will become tested. Because of globalization a business has to develop a more involved security plan. This plan needs to consider all of the possible threats that the business may encounter while in the host country. The list of threats includes financial compliance issues related to the filing of the proper paperwork associated with doing business in a foreign country. There is the aspect



References: Antani, Manish. "Top 5 Corporate Compliance Issues Doing Business in India." Corporate Compliance | Corporate Governance | Ethics and Risk | Audit. Corporate Compliance Insights , 11 Sept. 2011. Web. 11 May 2012. . Burton, F. (2010, January 7). Corporate Security: Risk and Cost Tolerance in India. Information Systems Security Today Home (Index) Page. Retrieved May 25, 2012, from http://www.infosectoday.com/Articles/India_Risk.htm "Economic liberalisation in India - Wikipedia, the free encyclopedia." Wikipedia, the free encyclopedia. N.p., n.d. Web. 26 May 2012.

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Khillwar Case

    • 884 Words
    • 4 Pages

    2. What are key risks associated with business expansion into the international market for Indian firms? What are the key opportunities?…

    • 884 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    Isc363 Phase 3

    • 1899 Words
    • 8 Pages

    The level of security can determine the rise and fall of any organization, no matter how big or small the company may seem, so mitigating risk should always be the number one priority. Risk mitigation can be define as the process of implementing any form strategic actions that will reduce the level of threats that may cause financial hardship towards the organization. In addition, risk mitigation tracks, identify and evaluation all form of risk, including new and old. The focus of risk mitigation is to assist the organization’s department of security administration with identifying a list of potential problems that…

    • 1899 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Egt1 Task 4 Essay Example

    • 2598 Words
    • 11 Pages

    In a time of global commerce, new business ventures can take on many forms. What used to be local or even national companies have become world-wide. International growth of a business can be extremely beneficial but is not without its challenges. Different countries have different peoples and different cultures - different ways of doing business altogether. If a venture is to be successful, these differences must be well understood.…

    • 2598 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    It/205 Dq 1

    • 369 Words
    • 2 Pages

    Ensuring proper level of security is important for a business because it is crucial to the operations. The business must protect the valuable asset, confidential information pertaining to trade secrets, financial data, product development, business strategy, and customer’s information. Inadequate security could result in legal liability and demise of business. Strong security and control can result in an increase of employee productivity and lower operational costs. Some tools available to prevent breaches are firewalls, intrusion detection, and antivirus software.…

    • 369 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Many types of security are in existents today, site or mobile patrol; loss prevention functions; special events security; in-house security functions and private investigations are some of the tasks. Choosing the right one for the needs of any establishment should be one of the ultimate goals of the business. This paper will focus on proprietary and contract security in particular. A comparison of the two types of security will be addressed. Identifying some of the issues in either type of security is of great importance as well as understanding the various roles of security personnel. After briefly recognizing some of the advantages and disadvantages of proprietary versus contract security, a recommendation will be rendered on which type should be utilized for the international automobile manufacturer that I have been assigned as the security manager.…

    • 897 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Kachwaha, S. (2015, April 26). India: Doing Business in India - A Legal Overview. Retrieved from Mondaq:…

    • 1003 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Disaster Recovery Plan

    • 1491 Words
    • 6 Pages

    Security and control within an organization is a continuing concern. It is preferable, from an economic and business strategy perspective, to concentrate on activities that have the effect of reducing the possibility of disaster occurrence, rather than concentrating primarily on minimizing impact of an actual disaster. This phase addresses measures to reduce the probability of occurrence. Security assessment of the…

    • 1491 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Cultural Briefing- India

    • 2697 Words
    • 11 Pages

    Brief overview on India’s history, geography, size, population, languages, values and traditions to help business managers conduct new business venture in India…

    • 2697 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    It is a gold mine of business opportunities to set up a business in the most promising market-India. Congratulation that your company is going to have a big progress of the business scope. Now, How to set up a new market in a foreign country is very important to you. You have many steps to take before that. Before stepping into a new market, it’s better to know well about their culture, competitors, religion and the foremost important one, law. The most striking thing about India is its diversity. They even have 18 official languages. However English is the language of business and commerce and of the higher judiciary. That is good for your company to communicate with local people for sure.…

    • 938 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Security plays a major role in both the business and government worlds. We will discuss the legal aspects of organizational security management. Discuss both the positive and negative influences regarding organizational security. We will also be discussing what consequences will both business and government operations have to overcome if they fail to achieve security goals and objectives. The value private security management brings to businesses will also be discussed.…

    • 813 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Master of International Business Case Study Fa13-EIB-B238-01-International Business Strategy Professor Bhaskar Chakravorti Submitted by Team 7 August 21, 2013…

    • 4004 Words
    • 17 Pages
    Powerful Essays
  • Better Essays

    Traditionally international businesses prefer to conduct business in developed countries due to the fact that they are far more sophisticated and structured. In third world countries they encounter serious problems with their economic, socio-cultural, legal and political circumstances which present the greatest difficulties with respect to business operations. It is more risky to conduct business in these countries. Returns on their investments have a very high level of uncertainty. We will now discuss in detail the major challenges to international business operations in less developed countries.…

    • 1184 Words
    • 5 Pages
    Better Essays
  • Better Essays

    Globalization has increased the competition amongst firms. There are more and more companies which are motivated to conquer foreign markets and enlarge their presence on these markets. For multiple reasons, companies adopt modes to enter foreign markets and find new channels of distribution. Choosing the right and appropriate market entry strategy has a growing importance. As a matter of fact, companies should align their strategy to their objectives and adapt them to the foreign markets environment. There are numerous different entry strategies which are all linked to different entry modes, different amounts of risks or costs. From the least costly mode to the most expensive one we distinguish Three main strategies:…

    • 2202 Words
    • 9 Pages
    Better Essays
  • Better Essays

    2. Seeking legal expert opinion to identify all legal aspects for conducting business in India, as this country is one of our major targets. The logistics and trade implementations present several weaknesses that make the current legal data unreliable. I recommend that we assess best practices in the international sector and mirror for our organization. This approach will provide better information for decision making.…

    • 1354 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    To do business in India, the main important factor needed is trust. Trust between customers and…

    • 433 Words
    • 2 Pages
    Satisfactory Essays