Cameron International Market Vrio Analysis
Assignment 1: Entry into Foreign Market
ITB305
Professor
Nov. 1, 2013
Abstract:
This paper is being written to answer the following assignment questions in my International Business 305 class regarding Cameron International Corporation:
1. Determine which institutional and risk factors must be considered and whether they support entry or not.
2. Conduct a VRIO analysis to determine whether entry is supported.
3. Assess existing cultural issues to determine how they should be addressed should the company enter the market.
4. Determine if the company should pursue FDI with potentially more risk and higher returns, or subcontract to provide component parts.
5. Recommend which joint venture partners …show more content…
This brings in the possibility of future CIC involvement in Myanmar which definitely an option and as such they should look into building a relationship with the people of the area. This needs to be done in a way that does not interfere with the local primarily Buddhist beliefs and helps local people by private aid given to build schools and subsidizing local villagers with agricultural and housing needs which were lost when government sanctions were imposed. This would go a long way toward building a relationship with local people and government which would make entering the country to do business much easier in the future should the business environment improve. This would also allow CIC a way to keep abreast of how the region is doing and if or when it would be a good time to enter the area to expand their
ITB305
Professor
Nov. 1, 2013
Abstract:
This paper is being written to answer the following assignment questions in my International Business 305 class regarding Cameron International Corporation:
1. Determine which institutional and risk factors must be considered and whether they support entry or not.
2. Conduct a VRIO analysis to determine whether entry is supported.
3. Assess existing cultural issues to determine how they should be addressed should the company enter the market.
4. Determine if the company should pursue FDI with potentially more risk and higher returns, or subcontract to provide component parts.
5. Recommend which joint venture partners …show more content…
This brings in the possibility of future CIC involvement in Myanmar which definitely an option and as such they should look into building a relationship with the people of the area. This needs to be done in a way that does not interfere with the local primarily Buddhist beliefs and helps local people by private aid given to build schools and subsidizing local villagers with agricultural and housing needs which were lost when government sanctions were imposed. This would go a long way toward building a relationship with local people and government which would make entering the country to do business much easier in the future should the business environment improve. This would also allow CIC a way to keep abreast of how the region is doing and if or when it would be a good time to enter the area to expand their