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International Business Environment - Assessment of Opportunities and Challenges - International Business Management Assignment Help
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Internal Code:- 1ACAGF
The International Business Environment
Task:
Introduction
Your goal is to identify two or three countries for further analysis.
You explored economic and socioeconomic, physical and environmental, socio-cultural, political, and legal forces and their influence on business. These are important forces to consider when expanding or establishing operations in a foreign country or investigating opportunities to target new markets in the global economy.
You will refer back to the learning activities you completed in Module 2, and use the lists and information you compiled in those activities to help you conduct research on the appropriate country/countries in which to establish your new business venture.
Instructions
Part A: Assessing Environmental Forces
- Conduct a preliminary assessment of geographic, social-cultural, political, legal, and economic factors that create international business opportunities or constraints facing the product or service that you have identified for your new international business.
- Using the information you have collected above, identify five countries that you believe are potential targets for the location of your business venture and briefly defend your selections.
- Read the material.
- Create a table and apply the SMART model. Select at least five important criteria that you identified in Part A of this assignment for the location of your international business venture. You should have a minimum of five criteria to apply the SMART model for each of the five to seven countries you identified.
- Using the results of the application of the SMART model and based on the above criteria, select two countries that you believe are good potential host countries for your international business and clearly explain why these countries have the best potential.
- Select two countries for review. Explain your rationale.
- Summarize the information gathered in this assignment as it relates to forces influencing global business; briefly highlight the opportunities, challenges, and constraints for the potential success of internationalizing your product or service as they relate to the environmental forces in these countries.
- Did the reflection prompts/questions and the ideas and information you explored influence your understanding of our perspective on international business?
- Did your ideas and views shift as you progressed through the course?
- Did the contributions of other learners influence you and help enrich your knowledge of international business?
- Did you agree with everything others posted on the discussion board?
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