Exploring the Opportunities and Challenges for Businesses Expanding into the European Union

Considering more countries have joined and some are in the process of joining the EU; assess the opportunities and challenges for firms of doing business in the European Union (EU). These firms are not necessarily within the EU already, they could be outside of the European Union at the moment, but intending to do business in the EU. Consider the impact of regulatory frameworks, and economic integration on multinational companies’ strategies and operations within the region [EU]. In your analysis, select a single organization [EU or non-EU], you are familiar with and use this throughout the discussion. In the introduction, it should state the context of what the EU is about, a brief history of what it is today, and potentially where is heading. Define the EU at least with two definitions. Capture key stages due to the EU involvement, but importantly here provide a discussion on the formation of the EU. Be brief. In the main body, choose a firm (EU or non EU) and analyze the opportunities, benefits, advantages, challenges and risks of having business in the EU. Talk about the limitations. For example, look at things like recruitment of labor within the European Union (talk about the support employment model), taxes, international agreements, regulatory framework, consumer policies, industrial policies, consumption policies. Write about the competition, understanding the European competition policy. This policy in itself is a key instrument for achieving a free and dynamic internal market and of course, promoting general economic welfare. Does it prevent monopolies? For the conclusion: a summary of your discussion with no new ideas offered in this part.