Answer & Explanation:For this project you have to identify three different Wisconsin based companies that do business in or with France, or can be brought to the country with your proposed strategy. Also, more information you can see it and the paper should cover the following topics in the attachment. You should put table of contents. Note: don’t choose Harley-Davidson Motor Company, Johnson Controls. The length of the paper should be between 8-10 pages. Also, you can see our country analysis.
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Company Analysis:
For this project you have to identify three different Wisconsin based companies that do business
in or with France, or can be brought to the country with your proposed strategy. The objective is
to get a feeling of how differently companies are doing or possibly do business in France. The
companies you are looking for are engaged in some form of international business, such as:
exporting, establishing foreign production plants or other direct investments, having formed a
joint-venture with a foreign company or sourcing. You have to find three different companies
that fit the bill. Of those three companies two need to be Small and Medium-sized companies
(SMEs, which we define as companies with less than 500 employees). Provide the following
information for each company:
• Brief description of company (employees, location)
• Brief description of its products or services
• Industry: Identification of “who” buys these products or services
• Entry strategy: Exporting, FDI etc (as mentioned above)
• If possible: Since when?
• WHY (either based on facts or an educated guess from what you found
out in your country analysis) your assigned country is a possible market for the company
• And finally: State why or why not your group thinks this company might be
interesting to work for in the future
The length of the second paper should be between 8-10 pages. The question is HOW you are
going to obtain this information, and there are different ways to proceed.
One first step is to contact the American Chamber of Commerce in your assigned
country. Write them a professional email and explain what you need to do, asking
them if they can assist you. They might help you – they might not. In any case,
this is a good start.
Then try to find other sources that might help you identify these companies:
Some useful websites include:
http://wisconsinexporters.com
http://datcp.wi.gov/Business/Exports/Export_Statistics/?AspxAutoDetectCookieS
upport=1
http://en.wikipedia.org/wiki/Category:Companies_based_in_Wisconsin
http://inwisconsin.com/exporting/
Company Analysis:
For this project you have to identify three different Wisconsin based companies that do business
in or with France, or can be brought to the country with your proposed strategy. The objective is
to get a feeling of how differently companies are doing or possibly do business in France. The
companies you are looking for are engaged in some form of international business, such as:
exporting, establishing foreign production plants or other direct investments, having formed a
joint-venture with a foreign company or sourcing. You have to find three different companies
that fit the bill. Of those three companies two need to be Small and Medium-sized companies
(SMEs, which we define as companies with less than 500 employees). Provide the following
information for each company:
• Brief description of company (employees, location)
• Brief description of its products or services
• Industry: Identification of “who” buys these products or services
• Entry strategy: Exporting, FDI etc (as mentioned above)
• If possible: Since when?
• WHY (either based on facts or an educated guess from what you found
out in your country analysis) France is a possible market for the company
• And finally: State why or why not your group thinks this company might be
interesting to work for in the future
The length of the paper should be between 8-10 pages. The question is HOW you are going to
obtain this information, and there are different ways to proceed.
One first step is to contact the American Chamber of Commerce in your assigned
country. Write them a professional email and explain what you need to do, asking
them if they can assist you. They might help you – they might not. In any case,
this is a good start.
Then try to find other sources that might help you identify these companies:
Some useful websites include:
http://wisconsinexporters.com
http://datcp.wi.gov/Business/Exports/Export_Statistics/?AspxAutoDetectCookieS
upport=1
http://en.wikipedia.org/wiki/Category:Companies_based_in_Wisconsin
http://inwisconsin.com/exporting/
1
Table of Contents
Introduction……………………………………………………………………………………………………… 2
General overview of France……………………………………………………………………………….. 2
Membership to trade organizations……………………………………………………………………… 3
(Free) Trade agreements with the United States……………………………………………4
Overview of economy…………………………………………………………………………………………4
GDP per capita………………………………………………………………………………………………….4
Main industries……………………………………………………………………………………………………5
Main exports, imports, and trading partners……………………………………………………………5
Important companies from France………………………………………………………………………..5
Doing Business Indicator……………………………………………………………………………………..6
Political situation………………………………………………………………………………………………. 6
Major news……………………………………………………………………………………………………… 7
The special culture about doing business in France………………………………………………. 8
Rank in the Corruption Perception Index……………………………………………………………… 8
Main tourist destination in France……………………………………………………………………….. 8
Interesting Facts…………………………………………………………………………………9
Conclusion……………………………………………………………………………………………………….. 9
References………………………………………………………………………………………………………11
2
Introduction
This paper is an analysis of France in terms of its economic circumstance,
business, and cultural aspects. This analysis paper includes the general overview of
France and its participation in international trade, especially with the United States. The
paper also analyzes the economy of France in terms of GDP per capita and compares it
with that of the U.S. The important companies from the France are also described and
also the political situation surrounding the country. The recent news and the culture of
France are also analyzed in addition to the rank of the country in the Doing Business
Indicator. The level of corruption in France is also analyzed and the main tourist
destinations of the country
General Overview of France
France is one of the most developed countries in the world and among the
leading nations in Europe, which plays a great role in the global economy. France is
located in Western Europe where it borders the English Channel and the Bay of Biscay
between Spain and Belgium and in the southeastern part of the UK. It borders the
Mediterranean Sea between and Italy and several overseas territories and islands
(Diebolt & Perrin, 2017). In the West European nations, France is the largest covering
an area of 547,030 square kilometers. The official language of France is French
although it has other regional languages such as Breton, Provencal, Flemish, Basque,
Catalan, Corsican, and Alsatian. France population is about 66,836,154 in metropolitan
France in addition to five overseas regions. The population of the metropolitan France is
62,814,233 as at July 2016. France makes up about 0.86% of the world’s population. It
is ranked at number 22 for population.
The life expectancy of the total population of France is 82.4 years whereby the
male has a life expectancy of 79.4 years while the female has an expectancy of 85.4
years as at 2015. Comparing the life expectancy of France with the United States.
during the same period, France has a higher life expectancy than the U.S. in all
aspects. The United States. has a total life expectancy of 79.3 years with the male living
for 76.9 years while women have an expectancy of 81.6 years. The health-adjusted life
expectancy in France is 72.6 years while that of the United States. is 69.1. The median
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age in France is 41 years. In general, the life expectancy in France is higher in
comparison to the United States.
The major cities of France in terms of population is the capital Paris with a
population of 10.843 million, Lyon with a population of 1.609 million, Marseille with
1.605 million, and Toulouse with a population of 938,000. The literacy level in France of
the total population aged 15 years and above who can read and write is 99% whereby
both male and female have an equal literacy level of 99%. The climate of France is
generally temperate but with major variations in the Mediterranean and the oceanic
climates. Much of the country experience the oceanic climate especially in the west and
north which moist and mild conditions due to the westerly winds blowing from the
Atlantic Ocean. The country also experiences mild winters, cool summer, and rainfall
annually which mostly fall as snow.
Major ports in France would be Dunkerque and Brest which or located in
northern France. On the western part of the country would be Bordeaux. Bordeaux
would be its main port. Chief ports tare Fos-sur-Mer and Marseilles. Other ports would
include Le Havre, Rouen, Nantes and La Pallice.
The largest airport in France is the Paris Charles de Gaulle in Paris. The country
also has other major airports such as Paris Orly, Nice, Lyon St Exupery, Marseille,
Toulouse Blagnac, Bale Mulhouse, Bordeaux Merignac, and Nantes among other
international airports. France also has major seaports such as Brest, Dunkerque,
Calais, Marseille, Le Harve, and Nantes. Its river ports include the Paris, Bordeaux,
Rouen, and Strasbourg.
Membership to Trade Organizations
France is a charter member of the United Nations. It holds one of the five
permanent seats on the United Nations Security Council and is a member of various
trade organizations. France is a member of the World Trade Organization (WTO) since
January 1, 1995. Being a member of WTO allows them to deal with trade deals on a
global scale. It is also a member of General Agreement on Tariffs and Trade (GATT)
since January 1, 1948. The GATT is a trade treaty that helps boost economic recovery.
It does this by eliminating tariffs, quotas, and subsidies.
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(Free) Trade agreements with the United States
France has trade agreements with the United States. France is a member of the
European Union and the third-largest trading partner of the United States. in Europe.
France has a strong trade and investment relationship with the United States. Both
France and the United States are also members of several international organizations
such as the United Nations, G-20, G-7, North Atlantic Treaty Union, International
Monetary Fund, Organization for Security and Cooperation in Europe, World Bank and
Organization for Economic Cooperation and Development. As members of the same
economic organizations, U.S. and France transact international business without any
trade barriers. Since France is a member of the European Union, they are partners with
the United States in the Transatlantic Trade Investment Partnership.
Overview of Economy
The economy of France is well diversified in all the sectors. Many large
companies have been either partially or fully privatized such as Air France, Renault,
Thales, and France Telecom. However, the government especially the public transport,
power, and the defense industries still heavily control some sectors. France is the
leading country on foreign tourism and tourism sector of its economy receive the third
largest income from tourism in the world. France is committed capitalism and thus the
country has social equity in terms of tax policies, laws, and other social expenditure
mitigating inequality economically.
GDP Per Capita
France Gross Domestic Product per capital in 2015 was 41,553.87 US dollars.
This is equivalent to 329 percent of the average of the world. Gross Domestic Product
of France was at an average of 29,830.83 USD from 1960 up to 2015 (Press. Bottom of
Form Lin, 2013). The highest ever-recorded GDP per capita in France was in 2007
whereby the country recorded 41,699.17 while the lowest GDP per capital ever
recorded was in 1960at 12,992.04 USD. When the France 2015 GDP per capital is
adjusted by the purchasing power parity, it recorded at 37,489.78 USD. This is
equivalent to 211 percent of the average of the world. France GDP per capital, when
adjusted for purchasing power parity, has an average of 34,388.99 USD since 1990
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until 2015. The highest recorded was in 2007 recording 37,638.99 USD and the lowest
in 1990 where it recorded 29,423.93. The adjusted GDP per capita of France can be
compared to that of United States. While France adjusted GDP per capita in 2015 was
37, 489.78 USD, the adjusted GDP of United States. for the same period was 52,
704.20 USD. This indicates that the GDP of U.S. is far beyond that of France. The
adjusted GDP of France is also equivalent to 211 Percent on global average while the
United States ranks at 297 which is another indication that the GDP of United States. is
much higher in comparison to France.
Main Industries
The manufacturing sector dominates France’ industry since it develops a variety
of items which range from electronic, automobile industry, intermediates goods, and
consumables. The major industries in France include machinery, chemical, tourism,
textiles, food processing, electronics, metallurgy, Automobiles, and aircraft.
Main Exports, Imports, and Trading Partners
The major exports products in French global shipments in 2016 were machinery
including computers, aircraft, vehicles, electrical machinery equipment,
pharmaceuticals, plastics, perfume, and cosmetics (Press. Bottom of Form Lin, 2013).
The list also includes optical, technical, and medical apparatus and also iron and steel
as well as beverages. France main imports include crude petroleum, refined petroleum,
petroleum gas, packaged medicaments, cars, chemicals, and aircraft. France major
export partners are Germany, Belgium, Italy, Spain, UK, U.S., and Netherlands. The
major import partners include Germany, Belgium, Italy, China, UK, Spain, and
Netherlands.
Important Companies from France
Total S.A. is one of the most important company from France, which deals with
production, and exploration of natural gas, production of petrochemicals, marketing and
supply of petroleum and energy, and also nuclear power (Steve’s, 2016). Total S.A. is
present in the United States. AXA is French company which is multinational
organization dealing with diversified services in banking, insurance, investment
management, securities, among others. It operates in 59 countries including the United
States. BNP is also an important French company that deals with retail banking
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services, institutional and corporate banking, and investment and sovereign debt
management. It operates in 75 countries including the United States. France is the third
largest European economy country and the sixth largest economy in the world.
Sanofi is another major French company, which deals with pharmaceuticals,
animal health, and human vaccines. It operates in more than 100 nations including the
United States. and it is the fourth largest company in the world dealing with
pharmaceuticals. GDF Suez is another multinational organization from France dealing
with natural gas, power, and energy services. It operates in more than 70 nations
including in the United States. EDF (Électricité de France S.A,) is also an important
French company headquartered in Paris. It deals with generating electricity,
transmission, optimization, and research on nuclear power and also operate in United
States. Michelin is also a French company which deal with manufacture of tires for
aircraft, space shuttles, automobiles, motorcycles, and heavy equipment operating in 17
countries including in the United States. Renault is another multinational company from
France dealing with manufacture of automobile. It produces a wide range of cars, vans,
trucks, tractors, and buses, among others. Renault operations are also present in
United States.
Doing Business Indicator
In the Doing Business Indicator, France rank at position 29. This is an indication
that doing business in France is a bit hard compared to the United States, which has a
rank of 8. Starting a business in France rank at position 27, which is far away from 100
and thus France, is a good country to do business. However, registering property in
France is very hard which can complicate doing business in France.
Political Situation
France’s executive branch consists of a president who heads the state and also
serves as supreme commander of the military. Also the president serves a 5-year term
and is capable of serving up to 2 terms. According to Duhamel, previous of 2002 a
president’s term had a 7 year length and was renewable as many times as they were
elected (2016). Furthermore, the president relies of his council of ministers to help him
regulate policies and a prime minister is also elected by the president to help govern the
country. Researching further it was discovered that the country abides by their
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constitution and the document is updated and revised to best accommodate the
changing world. Actually in total the document has been amended 17 times. In fact the
last time it was updated was in 2008. This constitution is the called the Fifth Republic
and was created in 1958 by General de Gaulle and his prime minister. He served as the
first president of France (A Short Guide, 2016).
The French Parliament runs the legislative branch and can be broken down into
two chambers. These chambers are the national assembly and the Senate. Elections to
decide members of the parliament are held every 5 years. In France these members are
known as Députés. Senators are elected differently; instead of open elections they are
the responsibility of other elected officials. These officials hold their own elections to
decide who would be the best fit (A Short Guide, 2016).
The Minister of Justice handles the judicial system. This position overlooks the
justice system and prosecutors. Laws are followed according to the Code Civil. This is
the basis of the French handbook that justifies what is lawful and unlawful (A Short
Guide, 2016).
France is currently operating as a socialist party. The current president of France is
Francois Hollande. He took over the presidency in May 2012. The upcoming elections in
France will be held in April and May of 2017. The first round of the voting will take place
on April 23rd while the second run-off will take place on May 7th. President Hollande
has already declared to stand down the upcoming election.
Major News
The major news from France involves the approaching elections. According to
the news, five French who are hopeful of becoming the next president have already
attained the minimum requirement of 500 sponsorship pledges, which are needed in
order, stand in the approaching presidential elections. From the news, obtaining the 500
pledges for sponsorship across the country from the election officials is necessary for
candidates who want to contest for the upcoming election for the presidency, which
would be held in April and May. According to the news, the candidates who have
already met the requireme …
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