The U4 assignment is the outline for the U5 IP.
Primary Task Response: Your first task is to post your own Key Assignment Outline to the discussion area so that other students are able to review your plan. Attach your document to the main discussion post, and include any notes you feel are appropriate. The purpose of this assignment is to help improve the quality of the Key Assignment Draft you will complete next week. Topic: International Markets Assignment Objectives Use effective communication techniques. Use team and problem-solving skills to collaborate on a project. International Business by Editorial Board
A regional bank has decided to open an office overseas for serving those businesses that are expanding internationally. Choose a country with a large financial center that you believe would be helpful to your customer base. • Discuss some of the challenges you may face in this new environment. o What are the cultural, ethnic, social, and educational characteristics? • Describe the political and legal systems. • How much does the government intervene in the private sector? o How will that affect your financial institution? • What type of economic system does it have? o What is the history of that economic system? • How is the country involved in international trade? o How does the government get involved in trade issues? o Will that help or hurt your financial institution? • Will your presence in this country be helpful in your attempts to invest in other developing countries? • Is this country involved in any regional integration efforts? How so? • Why did you choose this location for your bank? • As a manager, what would be your overall assessment about whether you want to pursue opening an office there? o Are the financial risks worth taking? o Will it be beneficial to all of the stakeholders? In pursuing this, what type of presence do you think would be best suited to your objectives? • How should the plant be financed? • Should they hedge foreign exchange or something else? Explain. • Identify 3 foreign exchange instruments you would recommend? • What, if any, government regulations that would affect earnings and cash flow should they be aware of? • Include the need to be aware of inflation and interest rates and how it affects exchange rates. • Keep in mind that the country that the plant is in does not necessarily have to be where the financing is done. Assignment Objectives Discuss current management practices and principles used in the current global business environment. Summarize the opportunities and risks of doing business in foreign countries. Explain how differences between foreign and domestic environments impact the conduct of business. Describe how global managers are able to influence management decisions despite cultural and language differences. Compare alternative organizational structures for international operations. Discuss strategies organizations can pursue for international market expansion. Use effective communication techniques. Use team and problem-solving skills to collaborate on a project.
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