Kategoriak: All - market - regulation - culture - reputation

arabera Meia Harris 14 years ago

207

Location Factors

When considering a new location for a business, several factors must be taken into account. Language barriers can pose significant challenges, so they should be carefully evaluated.

Location Factors

Location Factors

Qunatative

Reputation and Publicity

Moving to aother place could endanger the companys reputation and possibly sales if not careful.

Company Policy

The firm should follow the public policy at all times.

Personnale

It is easy to move machinery, but moving staff is different.

National
Culture

Dress, food, and behavior issues should be checked and disscussed before choosing a location

Lack of Conatcts

The liability and responsibility of contacts should be questioned.

Regulation

Health and Safety of not only a business/firm but the products as well should be checked.

Language

There could be some language barriers and they should be considered

Qualitive

National
Communications

This is the most important factor and every firm should have good communication with no barriers. Without good communication there will be chaos.

Power and Services

There should be services around the firm or else they will have to go to the supplier.

Transport Costs

Having a variety of transportations could be cost-friendly.

Market

The firm should know whether or not it has to be near the market, or can it have a good distrubution channel.

Staff

Existing staff and promising staff should also be available to work. They should be prepared to relocate.

Raw Materials

If bulky or expensive to move firms should stay close to their resources.

Land and Buildings

Costs vary from region to region and should be looked at.

International
Government Regulation and Interference

New industrial rules and regulations put in governments could possibly give the firms overseas and advantage.

Economies of Scale

Some firms can gain a large economy of scale by moving to overseas.

Protectionism

The restrictions of a country in which the firm is contemplating on moving to should be considered.