Explain Considerations for Relocating A Plant Facility to a Less Developed Country
Problem- Imagine that you own a company that manufactures cheap sunglasses. To lower production costs, you want to move your factory from your developed country to a more cost-effective nation. Choose a prospective country to which you will move production.
Part 1- What elements of the national business environment might affect your move?
Part 2- Are there obstacles to overcome in the international business environment?
Part 3- How will managing your company be different when you undertake international activities?
Part 4- What challenges will you face in managing your new employees?
I need help to describe the pros and cons of relocating plant operations from a developed country to a less developed country, giving multiple real-life examples.