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Essay SIB6007B Current Issues in International Business

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Module
SIB6007B (SIB6007B)

Institution
The University Of Bradford (UoB)

The assignment talks about the current issues in international business and the expansion of Foxconn to Thailand.

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Uploaded on February 22, 2024
Number of pages 25
Written in 2022/2023
Type Essay
Professor(s) Unknown
Grade A+

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SIB6007-B Current Issues in International Business 2022/23

Name: Muhammad Hassan Asif

UoB: 20028946

Title: Foxconn to Thailand

Contents

,Executive summary....................................................................................................................3
1. Introduction............................................................................................................................4
Foxconn’s Revenue............................................................................................................4
Neighbouring Countries.....................................................................................................5
Thailand’s Ambitions.........................................................................................................5
2. PEST Analysis........................................................................................................................6
Political...................................................................................................................................6
Economic................................................................................................................................6
Social......................................................................................................................................8
Technology.............................................................................................................................9
3. Framework OLI Model..........................................................................................................9
Ownership Specific Advantage..............................................................................................9
Location Specification Advantage.......................................................................................10
Internalization Specific Advantages.....................................................................................11
4. Foreign Market Entry Methods............................................................................................12
5. Risk Management Strategies................................................................................................13
Political Risks:......................................................................................................................14
Political Instability:..........................................................................................................14
Corruption:.......................................................................................................................14
Social Risks.........................................................................................................................14
Child Labour:...................................................................................................................14
Gun Violence:...................................................................................................................15
Business Risks......................................................................................................................16
Financial Risks.....................................................................................................................17
Inflation............................................................................................................................17
Thai Baht weakening........................................................................................................17
Cybersecurity Threat........................................................................................................18
Climate Risk.........................................................................................................................18
6. Potential impact of Foxconn.................................................................................................19
Impact on the Government...................................................................................................19
Impact on Customers............................................................................................................19
Impact on Competition.........................................................................................................20
Impact on Suppliers..............................................................................................................21
7. Conclusion............................................................................................................................21
References................................................................................................................................23

, Executive summary

This report entails Foxconn’s entry strategy into Thailand. The introduction begins
with details about Foxconn its subsidiaries and its revenue. A PEST analysis is
performed for Thailand and different factors affecting Foxconn are described. In the
third part, the OLI model is utilized which discusses the ownership and the location
advantages and the internalization process of Foxconn. The determined market
entry method for Foxconn which is joint venture is also described. Moreover, the
various risks which Foxconn faces and the strategies to overcome them have been
described. To conclude the potential impacts of Foxconn to the market and other
stakeholders have been discussed followed by a conclusion.

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