Challenges of Expansion to a Foreign Location Essay
ANSWER
Start with an introduction summarising the assignment’s goals and summarising the firm and international market you have selected. Describe the key issues you will be covered in the report.
Research and debate the present state of the world economy and its probable impact on the macroeconomic indicators of the foreign nation you have chosen. Analyzing variables like trade tensions, the rise of the global GDP, and other pertinent economic events may be necessary.
Production of Competitors: Consider the current output of rivals in the foreign nation of choice. Please talk about the potential effects of their existence on the market and what your business can do to stand out.
Sales projections: To evaluate sales projections in the chosen foreign country, consult trustworthy sources such as the FRED statistics from the Federal Reserve of St. Louis, the CIA World Fact Book, the World Bank data, etc. Examine patterns and elements that impact consumer demand for your goods.
Type of Economy: Identify whether your chosen country has a closed, mixed, or market economy. Describe the variations among these economic structures and how they might affect your organisation’s growth plan.
Credit Market Conditions: Consider how the present state of the foreign country’s credit market, including interest rates and the availability of financing, may affect consumer demand and your production plans.
Analyze how the chosen nation’s central bank has influenced that nation’s economy. Talk about how their policies might affect the future growth of your business.
Workforce Availability and Skills: Evaluate the workforce’s accessibility, educational attainment, and occupational competencies in the chosen nation. Address global production issues, such as governmental incentives, political stability, and currency rate hazards.
Supply Chain Challenges: Describe any potential supply chain difficulties you foresee if you produce your product in the target nation and sell it outside. Deal with distribution, regulatory, and logistics-related difficulties.
Summarise the main ideas from your analysis in your conclusion. Create a company strategy for market share growth and international prospects based on the data and research. Discuss the company’s production management, market positioning, and long-term success initiatives.
Recommendation and Comparative Advantages: In light of your findings, suggest if the company should expand its manufacturing to the selected nation. Draw attention to any comparative advantages your organization has over rivals there. Use statistics and analysis to back up your claims.
Arrangement with Week 3 Assignment:
Use the instructor’s criticisms and recommendations to improve your Week 3 Research Analysis for Business assignment. Make sure your APA formatting and citations are correct.
References: Omit the textbook and include a list of references that includes at least six sources that have undergone peer review. Make sure you format your citations and references according to APA standards.
Make sure your report has at least 2,800 words, which is the minimal requirement.
As previously said, a compelling opening and a solid finish are essential. The background and setting for your analysis should be established in the introduction, and your primary suggestions should be restated in the conclusion.
Keep in mind that a blend of economic analysis, data interpretation, and strategic thinking is required for this task. In order to produce a thorough and insightful report, be sure to offer explanations that are concise, well-organized, and backed up with statistics and academic references.
QUESTION
Description
Title: Challenges of Expansion to a Foreign Location
Purpose of Assignment
This week students will review and revise their Week 3 Research Analysis for Business Signature Assignment based on economic analysis and the feedback provided by their facilitator. Students will also expand their Week 3 analyses to evaluate the challenges of expanding their chosen company’s production to a foreign market.
Assignment Steps
Resources: Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office products.
Revise your Week 3 assignment, Research Analysis for Business, using the feedback provided by your facilitator. This Week 6 report should only include one conclusion, so you will need to rewrite the conclusion you included in your Week 3 assignment, Research Analysis for Business.
Select a foreign market in which to expand your chosen product. If you wish, you may use one of the countries you analyzed in Week 5 Comparative and Absolute Advantage Assignment (USA, Saudi Arabia, and China)
Prepare a minimum1,750-word report addressing the points listed below. The use of tables and/or charts to display economic data over the time period discussed is highly encouraged, you may submit any economic data in Microsoft® Excel® format in a separate file. You may use the U.S. Department of Labor’s Bureau of Labor Statistics (BLS), U.S. Dept. of Commerce’s Bureau of Economic Analysis (BEA), the Federal Reserve of St. Louis’s FRED data, the CIA World Fact Book, World Bank data, and World Trade Organization, or other appropriate sources you might find on the Internet or in the University Library. The new sections of your report should:
Evaluate current global economic conditions and their effects on macroeconomic indicators in your selected country. Provide forecasts for population growth, gross domestic product (GDP) growth, GDP per capita growth, export growth, and sales growth.
Evaluate any competitors’ existing production in the chosen country.
Assess sales forecasts in the selected country by using the Federal Reserve of St. Louis’s FRED data, the CIA World Fact Book, World Bank data, World Trade Organization, or other appropriate sources you might find on the Internet or in the University Library.
Categorize the type of economy that exists in your selected country as closed, mixed, or market. What is the difference between these types of economies and how might this affect your expansion?
Assess how your chosen country’s current credit market conditions, especially interest rates and the availability of financing, affect demand for your product or service and your planning or operating decision for your production in that country.
- Analyze the role of the selected country’s central bank on that country’s economy.
- Compare the availability, education, and job skills of the work force in the selected country. Discuss any additional challenges of international production, such as political stability, availability of government financing or other incentives, threat of capital controls, and exchange rate risks.
- Explain any additional supply chain challenges you anticipate if attempting to make your product in your chosen country and selling the product in other countries.
- Based on the data gathered and analysis performed for this report write a conclusion in which you:
- Create business strategies, including price and non-price strategies, based on your market structure to ensure the market share and potential market expansions and explore global opportunities for your business in a dynamic business environment and provide recommendations.
- Develop a recommendation for how the firm can manage its future production by synthesizing the macroeconomic and microeconomic data presented.
- Propose how the firm’s position within the market and among its competitors will allow it to take your recommended action.
- Recommend strategies for the firm to sustain its success going forward by evaluating the findings from demand trends, price elasticity, current stage of the business cycle, and government.
- Recommend any comparative advantages your company will have over competitors currently operating in that country, and defend your position, either for or against, expanding your company’s production into your chosen country based on your research.
- Integrate with the Week 3 Individual Assignment, and incorporate corrections and suggestions from the instructor’s feedback.
- Instructors Feedback on Week 3 Assignment: Remember that APA in the references means proper capitalization of titles (sentence structures used). No deduction was taken, but a deduction will betaken in future papers if not corrected.
- The final report should be a minimum of 2,800 words.
- An Introduction and Conclusion is very vital.
- Cite a minimum of six peer reviewed sources not including the textbook.
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