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Coloarado Technical University:International business Plan
It is very evident, everywhere in the world that, the rationale is economic competitiveness. However, every country strives to improve its performance in the protection of safety, health, consumers, and the environment. One such country that companies seek to expand their operations into but are faced with such challenges is Canada. Most of the challenges are based on whether a policy balance should be struck between competition and protection (Christopher 5-8). Furthermore, between these arguments, on the two big policies, lays the prosaic question, which is the most fundamental for any organization in its plans for expansion in Canada. How is it possible to make the protection, provided by the environmental regulatory board more efficient while, at the same time, make a profit within the regulated spheres? Common and Civil Law Systems Internationally
It is important for any business that wants to venture into Canada to understand the inevitability of regulation and the advantages that come with adhering to the environmental regulations. Some of these advantages are inclusive of the economical and the social sustainability brought about by following the regulations to the latter. However, these environmental regulations are not the only laws that need adherence in any business expansion. This is because the laid down laws and regulations too, determine the successful operation of any business. In Canada, for example, the laws pertaining to licensing require that any business that wants to venture in Canada must be able to follow the environmental regulation to the latter. However, it is important for any country to understand that, sometimes, regulations impede indiscriminately; hence, stifling the activity that could be beneficial, but at the same time, harmful. Intellectual Property, Copyright Infringements, and Legal Ramifications
Before a company ventures into any type of business, in Canada, there is a need to consider the laid down rules and regulations that pertain to intellectual property, copyright infringements, and legal ramifications. However, if the business is making more profit than anticipated, there is a need to overlook the implications that are associated with the laws of intellectual property, copyright infringements and the legal ramifications. Furthermore, the law of intellectual property is the hardest to implement in most of the over sea countries. In Canada, the law of intellectual property is similar to that in the United States. Hence, it is not difficult for any American business that wants to expand its business operations to do so in Canada. There are legal ramifications that companies face while trading in Canada. For example, the energy sector has had numerous court battles with the environmental regulation board that insist that pollution of both air and water is on the increase. This is due to the rise in the construction of the oil industries especially in Montreal. Violation of Human Rights of Employees and Child Labour Law Violations
Unlike in the 19th century, where availability of labour was possible by incorporating child labour, there is scarcity of labor in the 20th century. This is because of the ever-evolving labor unions, human rights organizations and the laws pertaining to child labor (Sharp and Wiseman 36-40). In Canada, the human rights organizations that are concerned with the violation of human rights have increased tremendously, over the past few years. However, if the laid down rules and regulations are to be followed, by any company that seeks to do business in Canada, the likability of the said organization to obtain local labor is very high. This, in turn, will translate to high profit for the business since the cost of importing labor will be reduced drastically. According to Mead and Andrews (52), there is the availability of skilled labor in Canada. Therefore, any business that wishes to trade in this country will not have to incur the cost of deployment of skilled personnel and the liability that comes with it. Such liabilities include the provision of housing and healthcare facilities for the skilled workers. Public Perception of Companies Doing Business
The likelihood of any business to succeed is interdependent on the perception that the public hold of the business. However, it is common for business to emphasize processes driven by law and technicality. As a result, they ignore public participation, which, in turn, leads to resistance by the public. This is detrimental to any business as this unwillingness to involve public participation can be politicized; thus, making it hard for the business to conduct its operations. Furthermore, companies that trade in the energy sector, in Canada, have to observe the environmental regulation in order to avoid pollution. The availability of a sustainable sludge system is making it possible to stop water pollution, and any company that wants to be embraced by the public should embrace this (Mead and Andrews 77). The Impact of the European Union of the Business Environment
There are laid down rules and regulations set by the European Union that cannot be ignored, at any cost. The rules on the regulation of the environment are stipulated in such a way that any business must observe the rules and try to avoid the pollution of the environment. The availability of a sustainable sludge system is a must for any company trading in Canada. This is because it has proven to be the effective in the reduction of the pollution of water. In addition, the European Union policies on trade provide an equal platform for businesses to trade within fair competition (Mead and Andrews 95-98).
Economic and Social Stability of Canada
Canada is one such country whose economy has been stable for the past few years. There are developments in the energy sector since the market remained unexploited for several years. However, inadequate resourcing is leaving the environmental regulators in Canada with few option, but to accept the business that is brought by external investors in the energy sector (Christopher 23). Exchange Rate
When the currency of a country is unstable, the trading will be affected either negatively or positively with regard to import and exports. In addition, the exchange rate, for any country, affects the trade of any business. Furthermore, there is a need to evaluate carefully the tax system of the country in question. Canada has a tax system that encourages both domestic and international trade. Hence, the international commerce of Canada is good for any business that wants to expand its operation. However, the availability of business opportunities is mostly in the energy sector (Christopher 36-38). Paper Review
Doing business in Canada has its own challenges that range from social, economical, political, and environmental. However, many opportunities have not been exploited fully. The politic challenges include the political class that wants to make laws that are beneficial to the ruling class. In so doing, they discourage potential investors from investing in Canada. The tax system in this country, for example, should be reviewed in order to accommodate both the domestic and foreign investors. Furthermore, the custom duty of Canada should be in line with the set guidelines by the European Union. In addition, the people of Canada should embrace the industries that are introduced by foreign investors because these businesses provide jobs. The industries also have a social responsibility of protecting the environment. This is by putting in measures that will reduce pollution of both water and the environment. There is a need for the government of Canada to provide the environmental regulators with the necessary resources that will aid in the performance of their duties. The economy of Canada has been stable for the past few years, and this is encouraging to any person that wants to do business in Canada. For example, foreign investors who use the favorability of the economy to do business are exploiting the energy sector. In addition, the government should put proper laws that encourage trade in Canada. Furthermore, the intellectual property law should be amended with the involvement of all parties as this is the major cause for slow investment in Canada. Additionally, the success of any business depends on the availability of market. There is availability of market in Canada for both local and imported goods. Finally, there is the availability of both skilled and manual laborers, in Canada, and this has helped many businesses there. Conclusion
Although the success of any international business plan depends on the availability of market, there are rules and regulations that are set pertaining to the environment that, if not followed to the letter, will only act to cause more harm than good. However, some of these regulations only act to deter business activities, which, although harmful, could be beneficial to the people of Canada. Furthermore, it is important to observe the effects on the environment as some of the consequences could be long term.
Christopher, Elizabeth. International management: Explorations across cultures. London:
Kogan Page, 2012. Print.
Mead, Richard., and Andrews, Tim G. (2009). International Management: Culture and beyond.
Chichester, England: John Wiley & Sons, 2009. Print
Sharp, Paul., and Wiseman, Geoffrey. American diplomacy. Boston, MA: Martinus Nijhoff,