Business & Mexico Essay

Submitted By BrianMHayes

Words: 439

Pages: 2

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Brian Hayes
Prof. Racite
Bus 101-51
01 June 2013

Business & Mexico

Diving into an international business is no easy task. It requires strategy as well as the understanding of cultural barriers, foreign market, tariffs and trade restrictions. Although the labor is cheaper in Mexico, there are other factors at play. Personally, I would not build a new plant due my labor prices already hindering my ability to keep up with everyone else. Although, buying a new plant would give me the ability to start from scratch, given my current situation it would not be beneficial. Buying a pre-existing building would save a considerable amount of money. Relocation of employees could be difficult; some may not be able or may refuse to. Providing preexisting employees with severance packages would be more realistic since the labor is cheaper is Mexico.

If I was to find another business similar to mine I would initiate the terms for a strategic alliance. Finding another successful business in my field willing to cooperate with mine would be highly beneficial. Having this allegiance could provide me with the tools to become acclimated to the country more easy and also provide insight into how I could better conduct my operations and staff. Starting my own operation in a country I have never conducted business in is too much of a risk considering I am already suffering losses due to my competition undercutting my prices.

Investing in my own facility can be risky in two ways. There is an economic risk as well as a political risk. Economically, Mexico is not well known for sitting on top of the charts. In recent years Mexico has shown a negative balance of trade, importing more than it exports. While economic risk is often referred to as a

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