Samsung is considered as one of the greatest telecommunication industries which are considered globally. This is because the organization has different outlets everywhere around the world and which makes its products to be used across the word. These aspects are associated with the different strategies that the company has implemented and which enables it to effectively undertake business in an international market. This situation has enabled the company to obtain a lot of benefits that are experienced by both the company and the economy of the United Kingdom.

First, the company can create employment opportunities for the citizens of the United Kingdom. This will enable them to earn a living through working with the company and thus help in the reduction of poverty in the country and the increase of their purchasing power. This aspect influences positively. This aspect makes the individuals be able to earn a living through employment. In the process, the company can benefit from well trained and highly skilled labor force which can be obtained from the country or sourced from any other part of the world.

The international operations by the Samsung Company make it develop other markets in different parts of the world. This aspect increases the profit margin of the company’s products when exported to other parts of the world. This situation is attributed to the enhancement of the consumer base of the various Samsung products. In the process, the export of Samsung products from the UK enables the country to gain more revenue from international markets. According to statistics the Samsung Company obtained revenue of KRW 45,109 billion and which is perceived to account for 18.8% of the net revenue of the entire company. In 2018 the company had obtained revenue of KRW 58.48 trillion of revenue. Such figures when subjected to tax are perceived to increase the revenue of the UK government.

Question 2

International business in the Samsung Company is influenced by numerous benefits and restrictions. Since it is an international corporation, the company experiences various benefits such as economies of scale and economies of scope. In this case, the company can utilize its production capacity to ensure that it provides different products in the markets of different countries at a reasonably fair price. This aspect enables the company to compete effectively with products from other telecommunication industries.

The company is also able to benefit from experts which can be obtained from different countries of the world. Also, the process of selling products in different markets of the world enables the company to diversify its risks. This aspect is associated with the fact that a loss on one market can be offset with a profit in another market.The competition they face from other telecommunication companies around the world also enables Samsung Company to enhance its productivity and creativity for the company to remain relevant.

On the contrary, the company also faces numerous challenges when operating internationally. First, the company faces additional management costs and increased complexity in management. This aspect is associated with the increase in the number of employees employed in different countries which increases the management cost and also the increased number of workers leading to increased complexity in management. International trade is also associated with various economic risks for the company. This involves risks such as government regulations which may restrict the number of products to be in a given country. Also, foreign exchange fluctuations put the organization at risk of making loses. Cultural and political problems are also among the aspects which restrict international businesses including Samsung. Political forces in different countries may influence the level of products entering a given county. Cultural aspects also influence the use of Samsung products. This restricts the volume of products that are exported to a given country.