Domestic Versus International Business

Domestic Business Planning 

• Normally single language, nationality, culture
• Relatively homogenous market
• Data often available, usually accurate and accessible
• Uniform tax/financial climate
• Single currency
• Business "rules of the game" familiar and largely understood.
• Singular legal and political environment centred on national level authority

International Business Planning

• Multilingual/Multinational/Multicultural
• Relatiely fragmented and diverse markets
• Data colection relatively difficult/ expensive
• Variety of tax/ financial climate
• Multiple currencies differing in stablility and real value
• Rules diverse and unfamiliar
• Multiple legal/ political environments and different authority levels