The emerging economy

This final project is a culmination of concepts learned in this course. Using your outline as a guide and the bibliography previously submitted, write a 15- to 20-page paper (3750 to 5500 words) in APA format including at least 10 references from academic books, journal articles, and/or credible online sources. You must use in-text citations, thoroughly discuss the topics described, and thoughtfully develop your ideas and arguments. You should present and explain key concepts, effectively linking your ideas with care and precision. Do not copy tables or material and present them as your own. Include the following: Submit your final project to the mentor for grading. Consult the Course Calendar for due dates. This assignment corresponds to or addresses the following Business Administration outcomes for the bachelor of science degree: Your work on this assignment should reflect your ability to: Requirements: 5500 words Introduction—Provide a focus statement and explain what the reader can expect. Establish the context and purpose of the project. Country—Give an overview of the emerging economy host country where your business will expand. Include location, population, culture, language, major imports and exports, trade policy (including trade barriers), business practices, industries, and any other characteristics that will be helpful to the reader in understanding the country. Conduct a PESTEL analysis of the host country and the impact each sector would have on your firm. Include the country’s major financial institutions and the strength of its currency versus the U.S. dollar (USD). How would the firm use hedging tools to mitigate foreign exchange exposure and contribute to corporate social responsibility (CSR) in the host country? Describe the host country’s place in the global economy. What are the aspects of the global economy that influence the economy of the country? Why are these important to the country? How could your firm leverage the country’s capital markets to successfully invest there? What is the country’s Human Development Index (HDI) and world rank? Provide details on working conditions and human rights. Is the country a member of the World Trade Organization (WTO) and the International Monetary Fund (IMF)? Where does the country fit into Hofstede’s cultural framework? What are the country’s preferred leadership styles from the GLOBE framework? How are values and ethics different in this culture? International Business—Explain your (fictional) business’s history, locations of operation, success, products, sales, revenues, financial organizational structure, and any other details as appropriate. Expansion and Analysis Strategy Describe the product, brand, production, price, promotion and place pertaining to expanding in the host country. Describe the main business-related issue(s) that your firm is facing, and explain related subsidiary or peripheral issues. Give purpose and direction to the analysis that will follow. Conduct a SWOT analysis pertinent to entering the new host country market, including your firm’s competition and how you will overcome the weaknesses and threats. How will you finance the firm and source needed materials? What are the strategic circumstances that need to be considered with respect to cultural, ethical, and political differences between the United States and the host country? Acknowledge and analyze the perspectives, assumptions, and biases of key stakeholder groups. How will stakeholders’ perspectives help you sharpen and finalize your business decisions? What is the relevance of the context of your firm’s position? Evaluate the advantages and disadvantages of the different international strategies that firms use to enter foreign markets. Define the international strategy and entry mode your firm will use in the host country. What management practices are appropriate in this global context? Justify the use of these practices. Explain the cost pressures on the firm and the P-O-L-C management framework the firm will use. Discuss the infrastructure, distribution strategy, and supply-chain management strategy for the host country. What are the challenges of each and how will you overcome them? What other theories or models are ideally suited for this specific global context? How will you apply them? What factors are necessary in to apply these theories or models? How will you incorporate organizational values into the decision-making process? What ethical principles, concepts, or theories will you operationalize, and how? Describe the intended target market in the host country and how the product has been adapted for this group. Provide a 6- to 12-month timeline of the firm’s expansion. Will you join CTPAT? Provide your justification. Suggestions and Recommendations—Provide logical, practical, and specific recommendations for managers and expatriates to expand in this country. (Expatriates could be sublevel managers or other positions that the firm brought from the home country to ensure running operations successfully.) Take into account the complexities of the business-related situation. Demonstrate to the reader you were able to reach reasonable conclusions and state outcomes (consequences and implications). Summary—Provide a few concluding paragraphs about what your paper discussed and how it can be beneficial for practitioners. Students apply key theories, models, and applications within global business context. [BSBA 1] Students demonstrate critical thinking skills in business-related situations. [BSBA 2] Students analyze business and organizational situations using ethical approaches to decision making. [BSBA 5] Justify the appropriate use of theories/models informed by the global context in which the organization is operating. [BSBA 1.1: Global context] Evaluate current business context, identifying factors necessary for application of theories/models. [BSBA 1.2: Context evaluation] Apply current business context, identifying factors necessary for application of theories/models. [BSBA 1.3: Theory/model application] Identify, state, and describe the business-related issue or problem at hand and give focus to the purpose and direction of the analysis. [BSBA 2.1: Explanation of the issues] Present information from reliable sources using sufficient interpretation and evaluation to develop an analysis or synthesis. [BSBA 2.2: Evidence] Analyze one’s own assumptions and biases and those of stakeholder groups and evaluate the relevance of contexts when formulating a position. [BSBA 2.4: Context and assumptions] Set forth a business position that sufficiently takes into account the complexities of a business-related situation and provides critical analysis based on well-supported reasoning. [BSBA 2.5: Point of view] Consider the complexities of a business-related issue and acknowledge the perspectives of stakeholder groups in both challenging and sharpening a final decision and solution. [BSBA 2.6: Perspectives of others] Adequately present and explain key concepts, capably linking ideas. [BSBA 2.7: Presentation] Reach reasonable conclusions and state outcomes (consequences and implications) satisfactorily. [BSBA 2.8: Conclusions and outcomes] Operationalize ethical principles/concepts/theories and incorporate organizational values into the decision-making process. [BSBA 5.2: Ethics in business decision making]