The investing stages

Abstract

The factors which remain to be considered are the productprice-marketing decision, the objectives set for the venture, the siting of the factory, inducements offered by the host government, and exchange control permission from the Bank of England. Ideally these factors would be considered and decisions made before the first turf was turned or the first share purchased; but as indicated at the start of Chapter 5, the process of setting up an overseas production subsidiary was, for many of the firms, not a step-by-step evaluation and decision process, but a muddled process. Perhaps the best examples relevant to this chapter are the three firms who invested abroad without even knowing that they needed Bank of England permission to do so!