The Forces of Globalization in Business Essay
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages
The Forces of Globalization in Business Essay
Full report 20 pages long (Company International Expansion Project Report) Will explain more once i choose a tutor, please allow me some time to look at each persons profile as this may be a permanent job for last few classes if i’m impressed
The forces of globalization have increased the permeability of traditional boundaries around countries, economies and industries. These forces include the expansion of international trade and investment, the growth of multinational corporations (MNCs), the ability of information and communication technology to span time and distance, and the shift of the world’s economic center of gravity from the West to Asia.
Because of globalization, the environment of business is now more complex, more dynamic, more uncertain, and more competitive than ever before.
This course examines the opportunities and challenges that firms face when conducting business across national borders. Its main objective is to develop an understanding about the complex dynamics at play that shape the changing global business environment within which nations and firms compete.
Special attention will be given to exploring the positive and negative impacts of various country-context factors on firms’ international business operations, with emphasis on foreign direct investment and its effective management. Specifically, this course aims to:
- Develop in students a working knowledge of the global business environment including its economic, cultural, political-legal, and government intervention components.
- Provide students with conceptual frameworks for analyzing business opportunities globally and across countries in different stages of economic development.
- Analyze the challenges that businesses face when entering foreign markets and competing against local firms and other international companies.
- Develop in students the ability to think strategically about leveraging various country differences to create worldwide competitive advantages.
Throughout the course, we will make use of a variety of teaching methods and materials, including lectures, assigned readings, research reports, videos, case discussions, and student teams’ presentations. Learning will be evidence – not opinion – based and emphasize integrating theory and practice through a disciplined application of course materials to analyze problems.
We will also welcome your personal experiences and observations as input for class discussion. At the successful completion of the course, students should be able to:
- Articulate key aspects of the global business environment and the multinational firm.
- Compare and contrast the international context with their home business context.
- Analyze the opportunities and challenges of doing business in and with firms in a foreign country within a fast-changing global environment.
- Understand the management problems facing businesses during international expansion.
- Appreciate the influence of culture and other non-economic forces (e.g., legal and political factors) on doing business in the global context.
Cheng: “More than a Regional Agreement …”
Bartlett & Ghoshal: “Tap Your Subsidiaries for Global Reach” Bartlett & George: “Acer, Inc.: Taiwan’s Rampaging Dragon”
Cheng & Cooper: “A Strategic Context Approach to International HR …”
The course requirements include (1) nine weekly individual on-line quizzes, (2) nine individual
Three main criteria will be used in evaluating your performance on course assignments:
- Your knowledge and understanding of the materials covered in class and the assigned readings.
- Your synthesis of these materials.
- Your ability to apply the materials to analyze and solve problems.
Each criterion is equally important. It is not possible to use information unless it has been acquired and understood. This means that you need to study the assigned readings and attend class. It is not likely that synthesis can be achieved with memorization, since the ability to perceive relationships depends on understanding.
Finally, if we are to enhance your managerial effectiveness it will be necessary to focus on how the information can be applied to solve real- life problems.
Company International Expansion Project Report
Prepare a consultancy report for a real or hypothetical client company from any home country to expand its operations into a foreign country. The report consists of three main sections.
Section I is an assessment of the country’s attractiveness for foreign direct investment (FDI) by your client firm through examining the business opportunities and challenges presented by each of the three country context dimensions listed in the syllabus below (see topics for the period January 30 to February 13).
Section II is a similar assessment of the country’s attractiveness for FDI but with a focus on three policy interventions from the country’s national government (see topics for the period February 27 to March 20).
While market potential for selling products or services in the country is an important consideration for FDI attractiveness, other options such as opportunities for conducting manufacturing, R&D, global marketing, capital financing, logistics and distribution, etc. should also be examined.
Building on these two country assessments of attractiveness for FDI, Section III of the report details a recommended plan of actions for the client firm to enter into and establish a subsidiary operation in the country examined.
The action plan will specify the nature of the proposed subsidiary operation which could be a single or combination of two or more value-chain activities (sales, manufacturing, logistics, R&D, etc.).
It will then discuss how this proposed operation can best be implemented via a set of three recommended actions including: Entry mode/strategy (e.g., licensing, joint venture, wholly-own subsidiary), subsidiary role/mandate, and human resource plan.
The full report is expected to be about 20 pages long (double spaced with 12-point font and one- inch margins), not counting the cover sheet, executive summary, references, tables and appendices. The report will include the following sections and their component parts (each about 1-2 pages long):
- A brief description of the client firm, its industry base, and the foreign country selected.
- Economic analysis of the country’s attractiveness for FDI by your client firm.
- Cultural analysis of the country’s attractiveness for FDI by your client firm.
- Political-legal analysis of the country’s attractiveness for FDI by your client firm.
- Trade policy analysis of the country’s attractiveness for FDI by your client firm.
- Currency policy analysis of the country’s attractiveness for FDI by your client firm.
- Regional integration analysis of the country’s attractiveness for FDI by your client firm.
- Recommended subsidiary operation (e.g., manufacturing) and rationale for your client firm.
- Recommended entry mode/strategy (e.g., joint venture) and rationale for your client firm.
- Recommended subsidiary role/mandate (e.g., implementer) and rationale for your client firm.
- Recommended subsidiary staffing/HR plan and rationale for your client firm.
The report will be evaluated using the following criteria:
- The analysis incorporates original research findings produced by the team.
- The analysis incorporates relevant concepts/frameworks/research findings from course materials (lectures, assigned readings, cases, etc.).
- Each section answers the question directly and fully.
- The analysis is logical and well argued.
- The report is well organized, well written, and professionally prepared.
Week/Date Topic, Activity, and Reading Assignment
1/Jan 16 Introduction to course
Globalization and international business
The changing landscape of global economic competition
Video discussion: “Boeing vs. Airbus”
Chapter 1: Globalization
Ghemawat: “Distance Still Matters” (on Blackboard)
2/Jan 23 Internationalization of business
Foreign direct investment and the MNC Global trends, opportunities, and challenges
Case memo and discussion: “Who Makes the Apple iPhone?” (pp: 33-34)
Chapter 15: Market Entry strategy Chapter 8: Foreign direct investment
3/Jan 30 *Complete quiz 1 the night before class Economic context of international business Location and country advantages International trade and economic development
Case memo and discussion: “Indonesia: The Next Asian Giant?” (pp: 156-157)
Chapter 2: National differences in political economy (pp: 43-45 only) Chapter 6: International trade theory
4/Feb 6 *Complete quiz 2 the night before class Cultural context of international business Cultural differences as threats or opportunities Ethical issues in international business
Video discussion: “Doing Business in China”
Chapter 4: Differences in culture
Chapter 5: Ethics in international business
5/Feb 13 *Complete quiz 3 the night before class
Legal and political context of international business Political economy and country development
Nation-states in transition
Case memo and discussion: “Siemens Bribery Scandal” (pp: 150)
Chapter 2: National differences in political economy (not including pages 43-45) Chapter 3: Political economy and economic development
6/Feb 20 First Interim International Expansion Report Presentations
7/Feb 27 *Complete quiz 4 the night before class Government intervention and trade policy Protectionism and world trading systems Regulations in cross-borders transactions
Case memo and discussion: “The Global Financial Crisis …” (pp: 289)
Chapter 7: The political economy of international trade Chapter 16: Exporting, importing, and countertrade
8/March 6 *Complete quiz 5 the night before class Government intervention and currency policy Globalization of the financial markets International monetary and exchange rate systems
Case memo and discussion: “South Korean Currency Crisis” (pp: 373-374)
Chapter 10: The foreign exchange market Chapter 11: The international monetary system
9/March 13 ** Spring Break **
10/March 20 *Complete quiz 6 the night before class
Regional integration and free trade agreements (FTAs) Trade blocs, economic clusters, and international business Collaborative ventures and strategic alliances
Case memo and discussion: “NAFTA and Mexican Trucking” (pp: 290-291)
Chapter 9: Regional economic integration
Cheng: “More than a Regional Agreement …” (on Blackboard)
11/March 27 Second Interim International Expansion Report Presentations
12/April 3 *Complete quiz 7 the night before class MNC strategy and organization
Competitive capability and asset configuration Headquarters role and subsidiary relations
Case memo and discussion: “The Globalization of Starbucks” (pp: 484-485)
Chapter 13: The strategy of international business Chapter 14: The organization of international business
13/April 10 *Complete quiz 8 the night before class Subsidiary role and capability development Global supply chain and competitive advantage Worldwide learning and innovation
Case memo and discussion: “Acer, Inc…” (on Blackboard)
Chapter 17: Global production, outsourcing, and logistics
Bartlett & Ghoshal: “Tap Your Subsidiaries for Global Reach” (on Blackboard)
14/April 17 *Complete quiz 9 the night before class
Subsidiary staffing and human resource management Managerial roles and responsibilities
Developing transnational managers
Case memo and discussion: “Staffing Policy at AstraZeneca” (pp: 622-623)
Chapter 19: Global human resource management
Cheng & Cooper: “A Strategic Context Approach to …” (on Blackboard)
15/April 24 Third Interim International Expansion Report Presentations
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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The Forces of Globalization in Business Essay
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