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4 pages/≈1100 words
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Business & Marketing
Type:
Case Study
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English (U.S.)
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Topic:

Talisman Energy Inc.: The Decision to Enter Iraq

Case Study Instructions:

Talisman Energy Inc.: The Decision to Enter Iraq

Unit 1: Macro-level Influences on International Business

In Assignment 1, you are required to do a case analysis of Talisman Energy Inc., a Canadian company. If you haven’t already done so, review the Assignment Tips and Requirements and the Note on Case Analysis (links are on the instructions page for this assignment).

The objective of the case study for Assignment 1 is to expose you to the numerous political, legal, social, and reputational risks faced by companies contemplating a move into a conflict zone. The decision by Talisman Energy Inc. to enter Iraq comes several years after the company experienced reputational damage in another conflict zone.

Completing this assignment will enable you to see how the key concepts presented in Lessons 1 through 3—globalization, culture, and political and economic risk—are interconnected. You will be able to evaluate interrelationships among issues related to (i) globalization; (ii) political climate in a company's home country and the host country; (iii) the role of political risk in investment decisions and company operations; (iv) the role of national culture in company operations; and (v) the role of economic environment in creating global companies.

The Case

To read the case, click on the link below to open the case study.

Talisman Energy Inc.: The Decision to Enter Iraq

Case Analysis Questions

The following questions are just a starting point that will help you organize your thoughts and better analyze the case. DO NOT simply answer these questions—rather, you must write a thorough case analysis as outlined in the "Assignment Tips and Requirements ."

  1. In retrospect, should Talisman have gone into Sudan?
  2. What are the learnings from the Sudan experience?
  3. How much money can Talisman make by entering Iraq?
  4. What are the costs and benefits for Talisman of entering Iraq?


Textbook: Wild, J. J., & Wild, K. L. (2012). International business: The challenges of globalization (6th ed.). Upper Saddle River, NJ: Pearson Education Inc. ISBN # 0132616882
Or this version: Wild, J. J., & Wild, K. L. (2019). International business: The challenges of globalization (9th ed.). Pearson Education Inc. ISBN: 978-0-13-472922-0

Case Study Sample Content Preview:

Macro-Level Influences on International Business
Author's Name
The Institutional Affiliation
Course Number and Name
Instructor Name
Assignment Due Date

Table of Contents

Executive Summary. 3

Problem Statement 3

Analysis. 3

Past Experience in Sudan. 3

Globalization and Its Effects. 3

Political Environment 4

National culture's and the economy's role. 5

Analyzing Potential Substitutions. 5

Alternative 1: Take Part in Iraq via a Local Joint Venture. 5

Alternative 2: Postpone Entry Until Greater Stability in Iraq. 6

Recommendation. 7

Conclusion. 7

References. 8

Appendix. 9


Executive Summary
Canadian conglomerate Talisman Energy Inc. is torn about branching out into Iraq, a country ripe with economic opportunity but clouded by political and social complexities. Talisman's previous involvement in Sudan, which had severe reputational consequences, has reinforced this decision. This paper explores the complex web of worldwide influences, focusing on how globalization, political contexts, cultural quirks, and economic hazards are interwoven. Weighing the financial lure of Iraq against the lessons learned from Sudan is at the center of this dilemma. After a thorough analysis, the company's main challenges weigh economic benefits against complex risks. The recommendation offers a wise course of action by firmly grounding the choice in both prudential foresight and empirical analysis.
Problem Statement
Talisman Energy Inc. must decide whether to enter Iraq, risk repeating its Sudanese mistakes, or pass up an economically promising but politically volatile opportunity. This obstacle emphasizes the importance of expanding internationally sensibly while preserving stakeholder interests and company reputation.
Analysis
Past Experience in Sudan

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