Sign In
Not register? Register Now!
Essay Available:
Pages:
3 pages/β‰ˆ825 words
Sources:
3 Sources
Style:
APA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 12.96
Topic:

Drivers for Global Entry

Essay Instructions:

Competencies
In this project, you will demonstrate your mastery of the following competencies:
Explain the drivers of globalization and how they impact business decisions
Differentiate between domestic and international business environments
Describe the factors that contribute to international market attractiveness and entry
Scenario
You are a business analyst working at a small domestic organization that produces high-quality cell phone cases. Your organization has begun to see its sales flatten in the domestic market. While the organization is not losing money, leadership would like to explore options to continue growth. One option that leadership has noticed competitors attempting is entering international markets.
You have been asked to examine the benefits, drawbacks, and key considerations for your organization to enter one of the global markets below, and to summarize your findings in a business brief for leadership.
Select one of the following international markets to use for your course project:
Argentina
Brazil
China
India
Indonesia
Japan
Nigeria
Russia
South Africa
Turkey
If you would like to use another country for your course project, please reach out to your instructor.
Directions
Develop a business brief that explains why many organizations are investing in efforts to expand their businesses internationally, the key impacts of global business, and cultural considerations for entering the global market. You will then create a market profile and outline market considerations for your chosen international market. Use the Business Brief Template in the What to Submit section to complete this project.
Drivers for Global Entry: Explain the purpose of global expansion, business impacts of global business, societal impacts of global business, and cultural considerations using evidence from course and outside resources to support your explanations.
Purpose of Global Expansion: Explain key benefits of successful global expansion for domestic organizations.
Business Impacts of Global Business: Explain how global expansion of a domestic organization can impact business operations such as strategic planning, marketing, supply-chain management, human resources, and so on.
Societal Impacts of Global Business: Explain how the global expansion of organizations has impacted society, citing specific examples regarding culture, transportation, employment, infrastructure, and environmental climate.
Cultural Considerations for Global Business: Explain the importance of researching the culture of a potential global market prior to market entry, as well as key cultural considerations to explore to inform expansion decisions.
Market Profile: Compare and contrast important cultural, political, and economic elements of your selected market versus the United States to explain similarities and differences between cultural practices, attitudes, economic factors, and political environments.
Cultural Profile: Compare and contrast important cultural elements of your selected market against those in the domestic market, including communication, values and attitudes, cultural dimensions, and so on.
Political and Economic Profile: Compare and contrast important political and economic factors for your selected market against those in the domestic market, including political systems, current leaders, and economic measures or characteristics used in classification.
Legal and Regulatory Profile: Compare and contrast important legal and regulatory requirements of your selected market against those in the domestic market, including trade restrictions, regulations of products or services, legal processes for business transactions, and import restrictions or documentation.
Market Considerations: Compare and contrast important market considerations for your selected market against those in the domestic market. Explain the similarities, differences, and considerations for conducting business between the two markets, such as general legal and regulatory requirements, monetary and management logistics, and mode-of-entry considerations.
Monetary Considerations: Explain how monetary considerations such as currency, exchange rates, and exchange-rate management would impact the organization’s decision to expand into your selected market, using current exchange rates between your selected country and the United States to support your explanations.
Management and Logistics Considerations: Explain management and logistics practices that best address human-resource considerations for your selected market, such as management approaches or staff and labor laws and their impact on policies and procedures.
Mode of Entry Considerations: Describe advantages and disadvantages for traditional modes of entry that would be most appropriate for entering into your selected market.
What to Submit
To complete this project, you must submit the following:
Template: Business Brief
Your completed Business Brief template should be a 750- to 1,000-word Word document. Sources should be cited according to APA style.
Supporting Materials
The following resource supports your work on the project:
Shapiro Library Research Guide: INT 220 Research Guide
https://libguides(dot)snhu(dot)edu/int220
Research guides are developed by librarians to help you find and locate the information you need for your classes, papers, and projects. Use this library guide to assist you in exploring your selected market. Please note that if you are approved by your instructor to use a market not listed in the scenario you will need to conduct research on your own.

Essay Sample Content Preview:

A Business Brief
Student’s Name
Institutional Affiliation
Course number and course name
Instructor’s name
Date
A Business Brief
Drivers for Global Entry
Growing businesses often solicit ways to keep the elevation, and one major consideration is going global to expand beyond local markets. Although an exciting opportunity, expanding internationally is a complex process requiring strategic decisions. When a company opts to venture into international markets, it needs a lot of strategic decisions that are wholly dependent on the present and the future business environment forecasts. This needs a careful look into the fundamental drivers and determinants of international business and entry into foreign markets. Significant drivers for foreign market entry include creating new growth opportunities, improving profit, generating more revenue, access to the talent pool, cost saving, and gaining a competitive advantage that improves reputation (Parente et al., 2018).
Different countries are at distinct stages of development despite globalization's impacts on modern societies. While others are at the pinnacle of development and prosperity, others are in the process of achieving that through economic and technological development. With globalization being an ever-present thing, countries will continue depend on each other. That means societies have varied needs, preferences, or priorities that affect markets and competition. Products in one country might receive emerging demand in another culture, offering firms the opportunity to become less dependent on domestic niches. It is this complementary and supplementary interdependence by these countries that makes globalization permanent.
Purpose of Global Expansion
The capitalistic business environment means that companies will always seek to increase their profits in whichever way possible. This might even mean going beyond their native borders and testing the waters in the international economy. Expanding globally benefits domestic companies by increasing their abilities to help more people, learn new cultures, improve reputations, exposure to foreign investments, and access to resources. Entering foreign markets imply that a business has to reach customer bases, and with effective strategies, it profits from prospective buyers (Parente et al., 2018). However, new customers have different preferences and needs that companies should consider. Regarding how entities approach global markets, the potential for revenue increase is high and realistic, and such an opportunity can be used to realize more profitability. Lastly, by expanding internationally, new audiences tastes and experience products from domestic organizations, a factor that could inspire further promotions. It is also important to note that there are various instances whereby organizations encounter several bottlenecks during international expansion. They therefore have to keep on coming up with proper strategies that will help them maneuver through these markets.
Business Impacts of Global Business
Taking a domestic...
Updated on
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:
Order

πŸ‘€ Other Visitors are Viewing These APA Essay Samples:

HIRE A WRITER FROM $11.95 / PAGE
ORDER WITH 15% DISCOUNT!
Order Now