Carefully consider the political, economic, and cultural challenges and benefits of global business. How should Sun City management address its planning, organizing, leading, and controlling functions to participate in the global market?
Two of the 3 sources are linked below.
1. https://cel.fscj.edu/LOR/man/2021/3/ (page 6)
2. https://strategyr.blogspot.com/2016/06/the-global-market-for-surfing-is.html
Here is so information that could help:
“The global market for surfing is projected to reach US$9.5 billion by 2022, driven by growing interest in surfing both as a leisure and sporting activity, increased accessibility to surfing through surf parks and surf pools, and technology innovations focused on developing sophisticated surf-wear and surf-gear. As warm water surfing in tropical locations turn crowded as a result of mass tourism, there is increasing interest in cold water surfing. The trend is expected to bring conventionally unpopular surfing locations into the spotlight, thus expanding the addressable market for surfing equipment and gear. The United States represents the largest market worldwide (49.0% market share) supported by the long-established surfing culture in the region and the resulting large base of surfer population. Australia is poised to grow at the fastest CAGR of 5.5% over the analysis period, driven by rising tourism, increased spending on family vacations, presence of several attractive national surfing reserves in the country, and the popularity of beach and surf tourism and recreation.”
“Snapshot Summary of Trends and Drivers
Growing participation of women in surfing offers surf-wear market lucrative growth opportunities
Rising popularity of surfing as a sport and leisure activity drives demand for surfing apparel and equipment
Performance surf wear continues to gain prominence
Establishment of surf parks with artificial wave technology to benefit market growth
Focus shifts to eco-friendly surfboard materials and production techniques
Demand for hybrid and uniquely shaped surfboards
Key players in the global surfing market include ONeill, Quiksilver, Body Glove, Volcom LLC, Rip Curl International Pty Ltd., and Billabong International Limited.”
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