Assignment 1:\u00a0Expansion into a Foreign Market,\u00a0Part I\tDue Week 4 and worth 300 points\t\tAssume that you are a consultant who has been hired by a major existing company of your choice to assist it in expanding its global operations.\u00a0Options available to you range from foreign direct investment (FDI) to simple exporting to a joint venture.\u00a0Your task is to select a country of your choice, other than the USA, and examine the country’s culture, politics, laws, ethics, and economics. For each of these topics, provide a supported example of the manner in which the topic in question will contribute positively or negatively to the country and its people, as well as to the company and its operations.\u00a0Note:\u00a0Avoid expressing personal opinions of the market.\t\u00a0\tNote:\u00a0Use the Internet or the Strayer Library to research articles on the company and the economic, cultural, and political \/ legal aspects of the country that you selected.\t\u00a0\tWrite a six to eight (6-8) page paper in which you:\u00a0\t1.\u00a0\u00a0\u00a0 Briefly describe the company and industry of your choice that you work for in your assumed role of consultant. Next, based on your research, select the country to which you would like your company to expand. Provide a rationale for your selection of the country in question.\t2.\u00a0\u00a0\u00a0 Determine the key institutional constraints that must be considered. Next, analyze whether or not the institutional constraints you determined support the market entry into the new country that you selected.\t3.\u00a0\u00a0\u00a0 Conduct a VRIO (Value, Rarity, Imitability, Organization) analysis to determine whether or not conditions support the proposed market entry.\t4.\u00a0\u00a0\u00a0 Analyze the major cultural and political aspects of the international business environment. Next, suggest one (1) strategic action that the company should take in order to address the associated cultural and political issues. Provide a rationale for the response.\t5.\u00a0\u00a0\u00a0 Determine the option (e.g., exporting, joint venture, FDI) that you believe the company should pursue. Provide a rationale for the response.\t6.\u00a0\u00a0\u00a0 Determine three (3) major difficulties that may occur based on the option you selected in Question 5. Next, suggest the best strategy that the company should leverage in order to confront each major difficulty, should it arise. Justify the response.\t7.\u00a0\u00a0\u00a0 Use at least three (3) quality academic resources in this assignment.\u00a0Note:\u00a0Wikipedia and other Websites do not quality as academic resources.\t\u00a0\tYour assignment must follow these formatting requirements:\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.\t\u00a0\tThe specific course learning outcomes associated with this assignment are:\u00a0\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Assess the current trends and impact of globalization on labor, business operations, and government.\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Analyze the major economic, cultural, and political \/ legal aspects of the international business environment, including the economic dynamics of foreign trade, regional and global trade integration, and key cultural dimensions.\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Apply the concepts of value creation \/ value chain and formulate competitive market entry strategies that leverage the advantages of international operations.\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Use technology and information resources to research issues in the international business environment.\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Write clearly and concisely about the international business environment using proper writing mechanics.<\/p>\n","protected":false},"excerpt":{"rendered":"
Assignment 1:\u00a0Expansion into a Foreign Market,\u00a0Part I Due Week 4 and worth 300 points Assume that you are a consultant who has been hired by a major existing company of your choice to assist it in expanding its global operations.\u00a0Options Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-225854","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/225854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=225854"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/225854\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=225854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=225854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=225854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}