La-Z-Boy Incorporated India and Philippines Subsidiaries Essay

La-Z-Boy Incorporated India and Philippines Subsidiaries - Essay Example The company’s economic outlook is expected to increase in FY2012. Globalization has made La-Z-Boy’s transition in India seamless. India’s sophisticated banking system attracts profitable organizations like La-Z-Boy towards India. La-Z-Boy has strengthened India’s economy by employing local workforce. La-Z-Boy’s business in India can be more beneficial with due assistance of the Association of Furniture Manufactures and Traders (AFMT). In order to escape risks while working in India, it is recommendable for La-Z-Boy to be well-aware of the various languages, business etiquettes, norms and religious values in India. Mumbai is the most suitable city for La-Z-Boy to establish business in India because of its cultural richness, population and good environment. USA and Philippines are trading partners and USA is a very strong financial provider of Philippines. Since Philippines resembles USA in culture, La-Z-Boy’s working style is consistent with t he indigenous culture of Philippines, though the organization may have to tackle the risk of investment in