Global Trading

When an organisation is trading globally there are many factors that have to be taken into consideration.
- Languages: lagnuage is very important with globalisation. If an organisation is planning on opening a franchise in another country then they have to ensure that there won't be any language barriers. For instance if Tesco were to open up a franchise in china, but didn't have any staff that could speak chineese tehn people in China wouldn't want to shop in Tesco, which would mean that the organisaton would lose out on customers an money. Not to mention all the money they spent in order to open up the franchise overseas in the first place.
- Currency: currency is also an issue that has to be dealt with. If an organisation like Tesco open up in another country, then they have to remember that the profit from that country won't be in £'s. Therefore it  is important for Tesco to first decide if they would get alot of customers from the country they want to move to. Next they would have to check if the amount of money they would get from that country would be enough for them to maintain a profit. Many organisations in the past haven't taken these factors into considerations and have suffered as a result. An organisation that makes firges moved to America to make even more money, however they failed to realise that all their profit would be in $'s, and as a result when it was converted to £'s they went bankrupt and had to shut down because they didn't make enough profit to sustain the business.
- Websites: Websites and e-commerce sites are the cornerstone of the online market. Due to their ease of access and functionality many people in the world can now just order the goods they wan't instead of having to go out and purchase them.