Question: SECTION A (COMPULSORY) 1. A company from Germany is trying to get a license from the government of a Ghana to set up a factory

SECTION A (COMPULSORY) 1. A company from Germany
SECTION A (COMPULSORY) 1. A company from Germany is trying to get a license from the government of a Ghana to set up a factory in here in Ghana. The benefits that Ghana will derive from the location in her territory are numerous: it will reduce the unemployment rate in an environment where majority of the youth are idling about, produce exports for the country and allow the country to earn valuable foreign exchange, aside reducing imports and influencing a drain in foreign exchange. So far the government official with whom the firm is negotiating has been non-committal, neither rejecting nor approving the request. He has been asking for more information thus delaying the process of certification. The German company has been told that building relationships are significant in Ghana and that if the son of the said government official is employed as an executive member of the company, he could use his influence to speed up the process of license acquisition to the betterment of both the German company and Ghana. i. With your in-depth knowledge in international business transactions, discuss any two challenges the company would be confronted with in its dealings with the government official's son. Suggest two strategic decisions that management should take to solve the identified challenges German company. (10 marks)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!