International Business Venture To Iraq Essay

6184 words - 25 pages

March 8, 2013
Building a Foreign Business Venture in Iraq

Table of Contents

Natural resources and Environmental Sustainability 3
Socio – Cultural Forces 6
Economic and Socioeconomic Forces 9
Competitive and Distributive Forces 13
Political Forces 16
Appendix 19
Bibliography 21

Natural Resources and Environmental Sustainability
Iraq is located in Western Asia in an area known as the Middle East. It is bordered by six countries as follows; Turkey, Iran, Jordan, Kuwait, Saudi Arabia and Syria. It doesn’t have a very long coastline but it does border the Persian Gulf for a stretch of thirty-six miles. Iraq consists of 169,235 ...view middle of the document...

Having been able to establish a new government not ruled by a dictator, lead to Iraq being able to enter a partnership with Europe for trade. Europe has become a major trade partner with Iraq which amounted to over thirteen billion Euros in 2011. The largest piece of this being the oil imports into Europe which represents 99.7% of all imports from Iraq. On the other side Iraq has form trade with China, Syria and Turkey as the major countries in which they import from even though they do also rely on Europe which largely supplies machinery, transport equipment, chemicals, food and love animals. In Europe, the trade ties with Iraq are viewed as an essential part of the reconstruction and development for Iraq. The commitment for the investment into Iraq from Europe would be exceedingly beneficial for the development of Iraq. Although Iraq has changed their government which is helping to build their ability to further trade agreements and develop the nation, they have been politically relevant because of the dictatorship of Hussein which probably hindered many possibilities for trade.
The culturally Iraq has one of the world’s oldest histories that date back to Ancient Mesopotamia and helped shape the civilizations of the old world. Iraq is known for poetry and painters and hand crafted items like rugs. Although much of Iraq has been rebuilt over the years there is still a sense of where the culture came from as between all of the modern construction you will be able to find old buildings and compounds that remain part of the cities. Unlike most of the countries in the region, Iraq embraces its past where writing and the wheel were both invented. Politically Iraq was under a dictatorship for many years but was able to escape this government with the help of US and British forces almost a decade ago and now hold democratic elections which are helping to contribute to the redevelopment of the country in trade and many other ways.
Iraq is centered in the middle of six other nations but has a small coast line of 36 miles along the Persian Gulf. Although this is not much of a coast there are two major rivers, the Tigris and Euphrates which can help contribute to the exporting and importing of goods through Iraq as they lead to the narrow coast line on the Persian Gulf. Although the climate in Iraq is hot and dry in most parts of the country this does not have an influence on business for the country as their main export is oil.
Based on the region of the world Iraq is located and the resources available in the country mineral and energy resources are almost the only sustainable export items for Iraq. The minerals found in the country are salt, coal, gypsum and sulfur but none of these are nearly as large a contributor to Iraq as the oil that is found there and the amount of exporting they do of the oil. With the changes in the country over the last several years Iraq has turned into a power house when it comes to exporting oil and because the...

Other assignments on International Business Venture To Iraq

Create Your Own Business In Uae

967 words - 4 pages ENTREPRENEURSHIP BUS 312 ENTREPRENEURSHIP BUS 312 Environmental scanning of UAE for identifying the scope for new venture When searching for an entrepreneurial venture it is important to recognize that the discovery is not a result of random actions, it is a structured process that is based on solid observations about how to do something better and different. Introduction Currently, the UAE is experiencing a rapid growth in all

Operational Strategy Foe A New Venture

473 words - 2 pages posters. * A key strategy would be to promote the venture over time by continuously providing additional innovative services for the customers such as ‘anywhere-delivery’ * Depending on the success of the venture, the business would also look at diversifying into Bakery-products category in the long run. This would provide the venture with new growth opportunities. * One of the most important strategies would be expanding the scope of

Official Outlawed Hero

3554 words - 15 pages society thinks near the end of the movie. The introduction of Jake Sully begins when he arrives to the mystical world of Pandora on a massive transportation ship, the Interstellar Vehicle Venture Star. Soon as he exits out of the transportation ship behind the armed workers in camouflaged uniforms, audiences are able to identify which side he works for. He participates in a military force also known as SecOps, short for Security Operations. The

Marketing Plan

1924 words - 8 pages Executive Summary The purpose of writing this report is to evaluate and provide sound advices to the company, Venture Simulation Ltd on its business simulation game, Sim Venture. Several recommendations will be given for future improvements based on the main business areas of the company. In recent years, the business simulation industry is growing rapidly. With outstanding product design and feature, more and more educational institutes

Om Tutorial

2069 words - 9 pages CHAPTER 1 GLOBALIZATION AND INTERNATIONAL BUSINESS Textbook: J.D. Daniels, L.H. Radebaugh & D.P. Sullivan, (2007) International Business: Environment and Operations 11th edition, Prentice Hall, NJ. OBJECTIVES • • • • To define globalization and international business and how they affect each other To understand why companies engage in international business and why international business growth has accelerated To comprehend criticisms of

International Law

1545 words - 7 pages International Laws, travelling to foreign countries and starting businesses would be impossible as there would be no protection. International trade between the states would be obsolete. International Law enables individuals to take measures when citizen’s of its states has been violated. International economic and political relations are executed without fear as a result of these laws. The action of the United States in 2003 in Iraq is a

Angimex Vietnam

4693 words - 19 pages maximized profit * Limit of consumer knowledge | Reproduced from: Johansson J. 2009 and Branch A. 2006 2. Joint Venture Definition | Advantages | Disadvantages | Business agreement with another to share profit loss and control over enterprise | * Access to partner’s local knowledge * Reduction of concern about overpayment * Both parties have some performance incentives * Significant control over operation | * Potential

The Three Pillars

1445 words - 6 pages Three Pillars Essay Harun Murage Grand Canyon University Entrepreneurship An entrepreneur is an individual who organizes and manages any initiative, particularly a business venture, typically with substantial creativity and risk, (Bolton and Thompson, 2000) have defined an entrepreneur as “an individual who usually makes and revolutionizes to build something of recognized importance around apparent openings”. According to (Onuoha, 2007

Entreprenuer

2241 words - 9 pages management, International Business, Venture financing, New venture Development, Business development, Molecular virology, Drug Discovery and development, Pharmaceutical industry, Molecular biology, Biochemistry, Oncology, Genomics, Immunology, Bioinformatics, Clinical Development, Cancer, Biopharmaceuticals. Websites: Publications Research gate , BioRN website , BioMed X website Dr. Christian Tidona -  Biotech entrepreneur Topically

Winton Carter Mining - The Risks Of Engaging A Mining

1264 words - 6 pages low 5 5. The financial risk is medium 6 Conclusion 6 Recommendations 7 References 8 Executive Summary The purpose of this report is to explore and explain the opportunities and challenges Winton Carter Mining (WCM) may face when entering into a joint venture with ATZ in a mining operation in Kango, Gabon, Central Africa. WCM has an opportunity to apply its experience in the mining

International Marketing Management

3461 words - 14 pages and being an established company with over US$ 20 million annual turn-over Damro is in a well established financial position for Qatar venture. Since this is the first time Damro is venturing into international markets, the company is cautious of the future and interested in getting a clear view of internal and external factors that would affect the sales of Damro furniture in Qatar. The PESTEL analysis carried out helped to ascertain Qatar

Similar Documents

Marketing Essay

2633 words - 11 pages the most profitable in Asia. Since its incorporation, PETRONAS has grown to be an integrated international oil and gas company with business interests in 35 countries. As of the end of March 2005, the PETRONAS Group comprised 103 wholly owned subsidiaries, 19 partly owned outfits and 57 associated companies. Together, these companies make the PETRONAS Group, which is involved in various oil and gas based activities. The Financial Times has

Milk Essay

1787 words - 8 pages the world. Aegis would be in forefront of risk management for government clientele working in hazardous environments across the globe. They have grown into a multimillion dollar security business, funded by our tax dollars and tax dollars of many other countries. Aegis as an organization typically hires within the international Special Forces community and the upper echelon of many fortune 500 companies. They recruit current and prior military

“Marketing Should Be The First Activity In Starting A New Business Venture”

814 words - 4 pages “Marketing is the first activity in starting a new business venture” Introduction: Marketing is the first and most important activity for a new business venture. Marketing introduces business in the market. Marketing plays a vital role in building new business venture's reputation. Company / Firm doesn't take back move to spend more money on marketing. Because initially, this is the only way where the company can pull the attention of

Isis Essay

333 words - 2 pages remained a figure in international terror for the next decade. Abu Musab al-Zarqawi returned to Afghanistan and set up terrorist training camps. In 2001, he fled to Iraq after the fall of Talaban. In 2004, his campaign of suicide bombings across Iraq had made him a superstar of the jihadi movement and even won the endorsement of bin Laden, whom he joined forces with forming al-Qaeda in Iraq, or AQI. Zarqawi's ambitions were cut short in June