Business Plan on "EZ Tracker: Analysis of International Business Opportunity"

Business Plan 40 pages (10645 words) Sources: 10 Style: MLA

[EXCERPT] . . . .

It is now one of the key players in a global economy providing the largest market for consumer goods while supplying a huge chunk of manufactured products. This is why it is now the biggest energy consumer as well (Welch and Gerry 51).

In the last decade alone, the need for security and surveillance equipment has tremendously grown, and it is estimated that in the next five years both production and growth will more than treble because for so many years now China has experienced huge shortfalls in communication apparatus. One thing that the fast pace of economic growth has done is to create need for a modern communication infrastructure in place of an old and outdated system that faces the challenge of lack of enough resources to develop. To deal with this limitation the government has initiated a richly-financed attempt to upgrade its communication and information infrastructure. This is the reason why China is emerging as one of the leading consumers of communication technology worldwide. A vital objective of the modernization process is to acquire advanced equipment for telecommunication from other industrialized countries. This is premised on the fact that the technological revolution will spur further growth and give China a chance to frog leap its economy by vastly improving potentials in the telecommunication industry (Walton para10).

It is predicted that over the next decade, China will create the biggest and most remarkable market opportunity for the Homeland Security (HLS) and Public Safety industries. According to a new report by Homeland Security Research Corp.'s, about China's Homeland Security & Public Safety Market - 2013-2020, the demand for security products and services will exceed that of the U.S.A., making China the biggest consumer in the world (China Homeland Security & Public Safety Market - 2013-2020 para1). Analysts in Wall Street now keep track of the growth of security companies contracted by Chinese government to supply police stations with 24-hour video coverage from cybercafes. Funds from the U.S.A. has enabled the development of advanced video cameras and software for face-recognition or behavior recognition specifically designed to identify issues such as the beginning of street protests so that the police can be alerted in real-time (Bradsher, para4).

The Second Trading Country: USA

The U.S. economy on the other hand is seen as a mixed economic system characterized by market forces based on individual decision-making, where the government acts as an overseer but play's a minimal but vital role in the system (Welch and Gerry 51). In both the private and public sectors, use of real-time video surveillance systems is one of the most reliable means of addressing security problems. A quick look around the world indicates that video surveillance is growing in popularity and importance. It is believed that presently there is one video camera to every 12 people in the U.S., and it is projected the number will reduce to 7 people for every camera in 2013 (Motorolla, 1).

The U.S. government is open to external investment with the capacity to develop and maintain an internal/domestic security capability by developing trusted and long-term customer relationship with various players in this field. For example, BEA Systems which is a global aerospace, defense and security organization which has the capacity to provide a wide scope of services for air, naval and land forces besides advanced electronics for information and security technology; and other auxiliary services, is having a wide geographical reach with businesses in four major markets around the globe i.e. The U.K., the U.S., Australia and Saudi Arabia (BAE Systems at a glance para1 & 2).

Governmental structure and stability and how the government regulates trade and private business:

The First Trading Country: China

Amongst the freest economies in the world, according to the 2014 index, China is ranked 137th with a freedom score of 52.5. Government subsidies, control and the prevalence of enterprises owned by the state continue to interfere with the economy. The government has a policy of tight control over the financial sector as a guarantee for managing the other sector of the economy. Even so, there is a ray of hope that matters will improve and economic reforms will be instituted by the new administration of Communist Party General Secretary Xi Jinping, even though there is no hope for any meaningful reforms.

The liberalization of certain aspects of the economy in China begun sometimes in the 70s and early 90s and this led to the achievement of an impressive growth in GDP probably due to the general integration of the world's financial and trading systems. The magnitude of its manufacturing and industrial sector now compare to that of the U.S., though in other key areas she still lags behind. Her overall rapid growth has no doubt been boosted by enough freedom of trade though this is still hampered by lack of political goodwill to drastically restructure the economy because the economic system still over depends on public investment. The communist party's authoritarian grip on the entire economic system interferes with the rule of law while institutionalized cronyism is felt almost everywhere (2014 Index of Economic Freedom: Chinapara 1-7).

The Second Trading Country: USA

America is proud of its free trade system as an exemplary model for other countries to follow. Her economic prosperity apparently justifies the notion that economies that operate well are those where the government doesn't interfere. In this case, government has given both individuals and business the freedom to succeed or fail in an open, competitive and meritorious market system. However, even in the U.S., issues relating to government legislation are way far from being solved. In recent times, stiff regulations have been imposed in some areaswhile in others it has been relaxed. Actually one of the most persistent rallying calls of the recent American economic history and policy has been an endless debate about how extensively and when government intervention in private business affairs is called for. This view holds that the government legislates while laws only interfere with the obvious benefits of a working market economy. Interestingly, the term free market suggests that the economy can survive despite government and even prosper more when left on its own. This view is, however, far from true. Realistically there is no way a free market economy can exist independently from government because every economy is a result of government laws and regulations (Amy para1).

Laws and/or governmental agencies that affect that affect the product/service:

The First Trading Country: China

In China it is illegal for foreigners to store geo-location coordinates. Although now most Chinese drive vehicles fitted with GPS functionalities, those who have a more advanced system than the government permits are likely to face the wrath of the law (Edwards Para1 & 5).It is almost impossible for foreigners to operate GPS systems in China due to the sensitive nature of the administration because it is believes that high-precision maps are a security risk as they can lead to equally high-precision attack by external forces. One safeguard the government of China has put in place is mandatory licensing of digital maps which are held under tight control by the Beijing administration. For instance, government has made sure that Google Maps is officially removed from the GPS coordinates by 50-500m (If You're a Foreigner Using GPS in China, You Could Be a Spy para12). The government began revamping its attempts to enforce the laws against illegal mapping and other obnoxiously arbitrary and assumed violations of state secrets (If You're a Foreigner Using GPS in China, You Could Be a Spypara 1-10).

The Second Trading Country: USA

It is completely acceptable in law to install a GPS device on any asset or vehicle a person owns. However, a bit of caution is called for before you can install or use a GPS tracking system on another person's property or automobile because there might be hidden federal and state laws that forbid this. Some states have solved this by imposing statutory regulations that spell criminal or civil penalties for improper or illegal use of such devices (Smith 7). Of interest is the fact that there is no definite law regulating the use of GPS tracking systems by private citizens, the police or governmental agencies. Some state and federal legislation and the Fourth Amendment allow U.S. residents to have some leeway about their perception and interpretation of what constitutes their right to privacy which includes limitations on seizure and search policies. But nothing in the constitution particularly deals with GPS tracking technology and systems and other types of electronic surveillance (GPS Tracking Laws Explained para5).

Geographic and demographic information

The U.S. economy has usually been observed to be a mixed economic system that is characterized by various market forces on the basis of individual decision making. The role of an overseer is played by the government here however, this is role is quite minimal but very important (Welch and Gerry 51). In the public… READ MORE

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