Global Business Strategies Essay Example for Free

Global Business Strategies EssayCourse commentaryThe comers perspective in the fields of planetary payments, international trade, and investment atomic number 18 analyzed. Emphasis is given to the materials and concepts that illuminate the strategies, structure, practices, and do of multinational enterprises.PoliciesFaculty and disciples/learners will be held responsible for understanding and adhering to all policies contained inwardly the following two documentsUniversity policies You must be logged into the student website to view this document. Instructor policies This document is posted in the Course Materials forum. University policies are subject to change. Be sure enough to discover the policies at the beginning of each clear up. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality.Course MaterialsHill, C. W. (2009). world(prenomin al) parentage. Competing in the spherical marketplace (7th ed.). Boston, MA McGraw-Hill.All electronic materials are available on the student website.Week One Contemporary Global Business EnvironmentDetailsDuePointsObjectives1.1 Define planetaryization.1.2 List the major drivers of internationalization.1.3 exc uptake nigh effects of worldwideization.1.4 liken and contrast the role of economic integration in promoting global crinkle. 1.5 Relate the stage of economic development of an economically integrated region to potential telephone line opportunities. getingsRead Ch. 1 of world(prenominal) Business.Read Ch. 2 of world(prenominal) Business.Read Ch. 3 of International Business.Read Ch. 5 of International Business.Review this weeks Electronic Reserve Readings.Read the Week One Read Me First.ParticipationParticipate in class discussion.1IndividualWeek One tryPost week one quiz.1IndividualGlobalization QuestionnairePrepare a comprehensive response to the following questio ns in 350 words.What is globalization, and what are some of the conventional international trade theories that support the concept of globalization?List the major drivers of globalization and provide three examples of each.Explain at least four effects of globalization that demand your community and your organization.10Week two Global Business Strategy FormulationDetailsDuePointsObjectives22.1 Conduct a business risk analysis.2.2 Choose an appropriate mode of entry for global merchandises or services.ReadingsRead Ch. 6 of International Business.Read Ch. 7 of International Business.Read Ch. 8 of International Business.Review this weeks Electronic Reserve Readings.Read the Week Two Read Me First.ParticipationParticipate in class discussion.1IndividualWeek Two screenPost week two quiz.1Learning Team InstructionsSelect a bucolic and product to focus your cumulative Global Business Plan Learning Team project. The deliverables for the project include the following Learning Team assi gnmentsWeek Two all-round(prenominal) Analysis Outline and PresentationWeek Three Country Risk and strategic Planning Analysis Paper Week Five last-place Global Business Plan and PresentationIndividualRegional Integration for and Against ArticlesSelect a region approved by your instructor and choose a trading bloc (NAFTA, EU, ASEAN, etc.) within that region. Write two 350- to 500-word articles, one article in favor of regional integration and a nonher article against regional integration. hear the advantages and disadvantages of regional integration and relate the stage of economic development of the economically integrated region to emailprotected potential business opportunities.10Learning TeamComprehensive Analysis Outline and PresentationSelect a product and a country for a global business venture. Conduct a regional, country, and product analyses for your modernistic global venture. Prepare a 1,050- to 1,400-word outline and a 5- to 7-slide summary presentation illustrating the followingRegion AnalysisRegional alliances and economic integrationPhysical surroundings and its affect on tradePolitical stability sparing conditionsFinance options availableSocial, health, and environmental conditionsTerrorism threatsCountry AnalysisPolitical stabilityEconomic conditionsFinance options availablePhysical environment and its affect on tradeSocial, health, and environmental conditionsCultural considerationsOrganization and product or service analysisDescription of your organizationProduct needs assessment of the target countryDescription of product to meet the needFormat your written paper invariable with APA guidelines.5Week Three Strategic Implementation Global Business OperationsDetailsDuePointsObjectives33.1 Describe the legal, cultural, and ethical challenges that confront global businesses. 3.2 figure the various roles that host governments play in global business operations.ReadingsRead Ch. 12 of International Business.Read Ch. 14 of International Busi ness.Read Ch. 15 of International Business.Read Ch. 17 of International Business.Review this weeks Electronic Reserve Readings.Read the Week Three Read Me First.ParticipationParticipate in class discussion.1IndividualWeek Three screenPost week three quiz.1Learning TeamCountry Risk and Strategic Planning Analysis PaperPrepare a 1,400- to 2,100-word paper in which you conduct a country risk analysis for your selected global business venture. snap the following risks in your paperPolitical, legal, and regulatory risksExchange and repatriation of funds risksCompetitive risk assessmentTaxation and double taxation risksMarket risks (four Ps)Distribution and hang on chain risksPhysical and environmental challenges to entering and operating in a target market Social and cultural risksCyber or technologyDescribe how you would manage these risksSummarize your strategic planning processDefine and clarify mission and objectivesSWOTT analysis of target countryMake schema selectionSelect and pardon an appropriate mode of entry for your global product or service Control and evaluationDevise contingency planFormat your paper consistent with APA guidelines.10Week Four Strategy Implementation Finance and Marketing in Global BusinessDetailsDuePointsObjectives44.1 Analyze global financing and exchange rate mechanisms.4.2 send multilateral and regional monetary institutions that help foster global business. 4.3 Identify various methods of financing global operations. 4.4 Identify key foreign exchange risks and techniques to mitigate risk. 4.5 Conduct a global marketing analysis for a product or service.ReadingsRead Ch. 9 of International Business.Read Ch. 11 of International Business.Read Ch. 16 of International Business.Read Ch. 18 of International Business.Read Ch. 20 of International Business.Review this weeks Electronic Reserve Readings.Read the Week Four Read Me First.ParticipationParticipate in class discussion.1IndividualWeek Four tryPost week four quiz.1IndividualC ase StudySelect one of the following cases from the International Business TextbookNike The Sweatshop Debate at the end of Part 2Google in China at the end of Chapter 4Boeing versus Airbus Two Decades of Trade Disputes at the end of Part 3 (Video is not required to complete this case.) The Russian Ruble Crisis and Its Aftermath at the end of Part 4 Molex at the end of Part 6Merrill Lynch in Japan at the end of Part 6Write a 500- to 750-word paper in which you address the following topicsDescribe the legal, cultural, and ethical challenges that confront the global business presented in your selected case study. mend the various roles that host governments played in this particular global business operation. Summarize the strategic and operational challenges liner global managers illustrated in your selected case.Format your paper consistent with APA guidelines.15Week Five Changing Environment of Global BusinessDetailsDuePointsObjectives55.1 Identify appropriate business strategies based on business risk analysis. 5.2 Determine appropriate exit strategies for a global organization.ReadingsRead Ch. 4 of International Business.Read Ch. 13 of International Business.Review this weeks Electronic Reserve Readings.Read the Week Five Read Me First.ParticipationParticipate in class discussion.1IndividualWeek Five QuizPost week five quiz.1IndividualGlobal Financing and Exchange site MechanismsChoose one of the following topics. Prepare a 1,050- to 1,750-word paper in which you analyze one of the following global financing and exchange rate topicsbuying power parity and the Big Mac indexCurrency hedgingHard and soft currenciesCountertradeFinancing via letters of credit and EXIM Bank and commercial banks tariff and nontariff barriersRoles of international financial institutions (e.g. IMF, World Bank, ADB, etc.) Euro currency marketsDefine your selected topic.Explain how your topic is used in global financing operations and describe its importance in managing risks.Forma t your paper consistent with APA guidelines.15Individual utmost ExaminationPrepare to take a final exam.10Learning TeamFinal Global Business Plan Paper and PresentationPrepare a 7,000- to 8,750-word paper integrating your previous Learning Team assignments to include the following new materialSummarize your findings from previous Learning Team assignments.Include the rationale for selecting your target country. Refer to your Learning Team Country Risk Analysis for highlights.Determine the marketing mix specific to your selected global product or service and explain your choice of marketing mix. Prepare a marketing plan that addresses product modification, pricing, promotional programs, distribution channels, and e-business in your chosen country. Include market indicators and trends for your product or service.Prepare a financial overview for your global venture. Include a graph that represents the general budget for your global venture. Explain how your company deals with foreign exchange risk for your global operation.Identify potential domestic and international sources of financing for your global venture. Include at least two potential financial institutions within your chosen region.Describe the degree to which your organization operates as a centralized versus decentralised organization. Include a chain of command chart to illustrate how communications would reach senior management from the field when events necessitate changes in tactics or system.What types of exit strategies would be most appropriate for your global venture? Some strategies to consider include divestiture of assets, handing over to a joint venture partner, diversification, shutting downward(a) operation, and contingencies for your global venture.Based on your findings, make final recommendations about the feasibility of this global venture. Would you recommend proceeding with this global venture? Explain why or why not.Format your paper consistent with APA guidelines.15Week One Qu iz QuestionsWhat technological advances in telecommunications and transportation have influenced global business in the last decade? How have these technological advances affected regional economic development? What trends may be anticipated in these areas? Would globalization have been possible without these technological advances?Discuss how culture, language, and religion faculty influence the costs of doing business in a particular country. Support your statement with examples.Discuss the following conjecture The study of global business is relevant if you work or plan to work in a large multinational company, but it has little or no significance for individuals who work in smaller national firms. Do you agree or disagree? Defend your argument with at least two supporting statements.Week Two Quiz QuestionsWhat is country risk analysis? How is this analysis conducted? Is country risk analysis an effective tool in find out the desirability of establishing a manufacturing site o r other mode of entry?Define a trade deficit and a trade surplus. What are the implications of a long-term trade deficit or trade surplus? What techniques are available to correct balance of payment deficit or surplus?Does unaffixed trade equate to fair trade? Does free trade exist anywhere in the world? Respond to the questions and support your answers with examples.Week Three Quiz QuestionsWhat is the current status of the telecommunications, energy, and transportation infrastructures of the worlds fastest growth countries? What effect does importing advanced technology, such as wireless technologies, into a developing country have on that countrys telecommunications, energy, and transportation infrastructures? How do these changes in infrastructure and technology alter business productivity? What are some issues and trends in global sociocultural issues? Why must a company be sensitive to the sociocultural environment within the host country? What affect does sociocultural sens itivity have on a companys operations or sales within a host country?What are the major staffing policies that global organizations must consider? How must an organization choose among these staffing policies? How do you assess the effect of implementing a specific staffing policy?What are the first-string functions of the foreign-exchange market? Who are the participants in the market? How do global companies use the foreign-exchange market to hedge against foreign-exchange risks?Felix, a U.S. technology company has recently developed a revolutionary wireless phone. The product offers exciting new features along with all of the features of current products, but at a fraction of the manufacturing costs. As the international business manager of Felix, you have been asked to choose the best mode of entry into the European market. Your have the following optionsExport your product from the United States.Enter into an alliance with a large European company.Manufacture the product in th e United States and set up a wholly owned subsidiary in Europe. License a European firm to manufacture and market the phone in Europe.In preparation for your choice, list the pros and cons of each method of entry. Which choice do you present to your chief executive officer? Support your decision.Can any product or service be marketed globally? If it sells in the United States, does it sell in another country? Explain why or why not. Can a product be marketed in the same manner in multiple countries? Defend your answer with examples. How might you relate the four Ps of marketing to customer relations management (CRM) in a global business environment?Week Four Quiz QuestionsWhat are the elements of capital budgeting? How do you determine these elements in the global business arena? Provide examples of how you would use capital budgeting analysis to determine the desirability of global projects.What are the international and regional institutions that comprise the global monetary and financial system? What role do these institutions play inpromoting global business operations?Under what conditions is it better to borrow funds from a domestic bank? When might it be necessary to borrow from a target country financial institution? Explain your answer.When would a firm choose to operate on a transnational basis? Under what circumstances would a firm use a localization strategy? When would an international strategy be employed? Support your answers with examples.Week Five Quiz QuestionsDescribe one exit strategy an organization may use when things go wrong in a foreign country. What are some of the issues that might prompt the implementation of an exit strategy? Summarize the effect of an exit strategy on the strategic planning for a global organization?Name the factors that may contribute to the global business failure of an organization? How might a global organization protect itself against a global business failure? Are US ethical standards applicable worldwide? Explain your answer and provide examples. What are the consequences of failure to incorporate ethical considerations into global planning.