Many in different countries deplete anticipated profit margins since

Many countries fail due to the expansion
of business for the wrong purpose. Many companies within some nations choose
wrong reasons for the development of business internationally. Most of the
companies in countries expand their business abroad mainly because they claim
the local market has little growth and hence less profitable. They never
visualize the extra costs they bring about into their business which never add
value to their business, rather they bring about loss and unstable conditions
for their business (Vessels, 2012). The best thing is building a slow approach
and gradually grinding down the competitors’ market share and finally taking
over the competition actively.

Many countries have a false assumption
concerning the nature of the international market. Countries which have
successfully traded with Germany and USA assume that their appeal to global
business will automatically favor them. This leads them to a great shock as
most of them undergo costs that eventually decline their business mainly
through price fluctuations (Vessels, 2012). There should be adequate market
research and objectivity among the countries to avoid this drawback.

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Most countries tend to underestimate
operating costs in the international market environment. Companies never
consider the international market as a new market, and this leads to
unsuccessful sales efforts towards them. Domestic expenses like taxes, additional
fees and assessments in different countries deplete anticipated profit margins
since some business models fail to account for them (Vessels, 2012). It is
vital to engage services experts who can advise on the local market costs and
steer countries towards profit achievement in the international market.

The
five factors important in the selection of management staff for international
assignments.

First, adaptability to cultural change
should be essential. The management staff should be to adopt change and have a
degree of cultural toughness within them. Some managers on international
assignments reach a time when they encounter cultural shock and become
frustrated and confused within their areas of duty. Hence there should be some
examination of a set of characteristics to weigh whether the individuals are
sufficiently adaptable or not (Guo,
Rammal, & Dowling, 2016). The main components to look for in a
manager are sensitivity to the fine print on differences in culture, the
political arena, and ethics, the ability to have proper integration with people
and their culture and finally able to solve people’s problems from different
perspectives.  

Second, the physical and emotional health
of individual on assignment should be up to date. An individual with heart
conditions and those with the nervous disorder should not be allowed abroad due
to their inefficiency. Components to look for under this include the
psychological ability to withstand cultural shock, marital status of the
individual and the strength of the individual to cope up with the foreign
environment (Guo, Rammal, &
Dowling, 2016).

Third, the experience, age, and education
are vital. Young managers are mostly considered for international assignments
since they are more curious. However, these young managers lack managerial
experience and technical skills needed in the performance of the task. Hence
most companies send both young and experienced personnel for the same post
abroad (Guo, Rammal, & Dowling,
2016). Most components required here is the strength of academic degree,
development efforts of the personals and level of real-world experience of the
personnel.

Fourth, training of language is crucial,
but not all companies keep it since they assume that their members are
educated. English is the primary language used in conversing during
international business meetings. Under the language, the main components
required for individuals include the ability to converse effectively in business
terms, easy understandability of business information and quick and precise
responses to business-related issues.

Last, is the ability to lead is also vital
to global business. Individuals should be able to influence people around to
act in specific ways. An individual who is a leader in a country should be able
also to exhibit the same quality of leadership abroad, which sometimes becomes
difficult (Guo, Rammal, & Dowling,
2016). Regarding leadership, components looked at include maturity among
the assignee, stability regarding emotions of the individual and independence
in the decision making of the individual. 

Countries that are willing to engage in
international business are the ones focused on economic growth. Those that try
to participate in it, but fail should be able to seek advice and some guidance.
They should be able to look at the factors that lead to failed international
business. Furthermore, they should be aware of the various considerations that
should be awarded to the individuals that will represent them in the global
market effectively.