This module brings together some of the foundations that we have reviewed in earlier modules to assess global business opportunities and initiatives as well as to provide insights into modes of entry for these global opportunities. A three-step approach to the assessment of the initiatives can be structured to include the identification of the basic appeal of the initiative, analysis of the national business environment in which the initiative will be started, and the measurement of the potential market for a product or a site assessment. Clearly, our prior examinations of international business issues and environments will serve us well in completing this three-step assessment.
The module is also about introducing the different types of entry modes for actualizing the initiative. Three modes are reasonable to consider: 1. Exporting, importing, and countertrade; 2. Contractual entry; and 3. Investment entry. The export approach is the least risky as much of the operations will remain in the home country. A contractual entry approach has advantages of potentially making use of local business contacts in the foreign country through licensing, franchising, or management contracts. Finally, investment approach can include joint ventures or various types of strategic alliances or complete ownership.
Module Readings and Assignment:
Complete the following readings early in the module:
- Module online lectures
- From the textbook, International business: The challenges of globalization, 8th, please read the following:
- International strategy and organization
- Analyzing international opportunities
- Selecting and managing entry modes
Assignment: Course Reflection
As you complete this course (International Business Practice), look back on the experience. What are the five most important concepts that you have learned from the course? Explain each of the concepts in detail giving examples.
By Friday July 27,2018, submit your answers directly to the appropriate Discussion Area.
Write your initial response in 300–500 words. turned-in on time, Grading criteria followed All assignment qualifications addressed correctly, Grading Criteria followed, Include Question followed by the answer Reference Page Included Cover page Included, Paragraphs Indented, Running-head included, main heading should be centered; all new paragraphs should be indented; paper should be right ragged, not right justified; references, should always go on a standalone page. abstracts are not usually indented; acronyms should be spelled out when using them for the first time, for example HR. references as listed are APA standard. When you submit your papers through turnitin.com, your overall similarity index score should not be exceedingly high, with ten to fifteen percent being the maximum, Please make sure your APA formatting of citations. I have provided the APA resource cite for you. https://owl.english.purdue.edu/owl/resource/560/01, Please work on using literature within the span of the last 5 years, keep in mind there should not be any one, two, or three sentence paragraphs
Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation.
Do the following when responding:
- Read your answers.
- Provide substantive comments by
- contributing new, relevant information from course readings, Web sites, or other sources;
- building on the remarks or questions; or
- sharing practical examples of key concepts from your professional or personal experiences
- Respond to feedback on your posting and provide feedback to ideas.
- Make sure your writing
- is clear, concise, and organized;
- demonstrates ethical scholarship in accurate representation and attribution of sources; and
- displays accurate spelling, grammar, and punctuation.
Grading Criteria:
Quality of initial posting, including fulfillment of assignment instructions
Reference to supporting readings and other materials
Language and grammar