ECO 561 Wk 6 Individual: Signature Assignment: Challenges of Expansion to a Foreign Location
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ECO 561 Wk 6 Individual: Signature Assignment: Challenges of
Expansion to a Foreign Location
Purpose of Assignment
This week students will review and revise their Week 3
Research Analysis for Business Signature Assignment based on economic analysis
and the feedback provided by their facilitator. Students will also expand their
Week 3 analyses to evaluate the challenges of expanding their chosen company’s
production to a foreign market.
About Your Signature Assignment
This signature assignment is designed to align with specific
program student learning outcome(s) in your program. Program Student Learning
Outcomes are broad statements that describe what students should know and be
able to do upon completion of their degree. The signature assignments might be
graded with an automated rubric that allows the University to collect data that
can be aggregated across a location or college/school and used for program
improvements.
Assignment Steps
Resources: Tutorial help on Excel® and
Word functions can be found on the Microsoft® Office
website. There are also additional tutorials via the web offering support for
Office products.
Revise your Week 3 assignment, Research Analysis
for Business, using the feedback provided by your facilitator. This Week 6
report should only include one conclusion, so you will need to rewrite the
conclusion you included in your Week 3 assignment, Research Analysis for
Business.
Select a foreign market in which to expand your
chosen product. If you wish, you may use one of the countries your team analyzed
in their Week 5 Comparative and Absolute Advantage Assignment.
Prepare a minimum1,750-word report
addressing the points listed below. The use of tables and/or charts to display
economic data over the time period discussed is highly encouraged, you may submit
any economic data in Microsoft® Excel® format in a
separate file. You may use the U.S. Department of Labor’s Bureau of Labor
Statistics (BLS), U.S. Dept. of Commerce’s Bureau of Economic Analysis (BEA),
the Federal Reserve of St. Louis’s FRED data, the CIA World Fact Book, World
Bank data, and World Trade Organization, or other appropriate sources you might
find on the Internet or in the University Library. The new sections of your
report should:
·
Evaluate current global economic conditions and their effects on
macroeconomic indicators in your selected country. Provide forecasts for
population growth, gross domestic product (GDP) growth, GDP per capita growth,
export growth, and sales growth.
·
Evaluate any competitors’ existing production in the chosen country.
·
Assess sales forecasts in the selected country by using the
Federal Reserve of St. Louis’s FRED data, the CIA World Fact Book, World Bank
data, World Trade Organization, or other appropriate sources you might find on
the Internet or in the University Library.
·
Categorize the type of economy that exists in your selected
country as closed, mixed, or market. What is the difference between these
types of economies and how might this affect your expansion?
·
Assess how your chosen country’s current credit market
conditions, especially interest rates and the availability of financing, affect
demand for your product or service and your planning or operating decision for
your production in that country.
·
Analyze the role of the selected country’s central bank on that
country’s economy.
·
Compare the availability, education, and job skills of the work
force in the selected country. Discuss any additional challenges of
international production, such as political stability, availability of
government financing or other incentives, threat of capital controls, and
exchange rate risks.
·
Explain any additional supply chain challenges you anticipate if
attempting to make your product in your chosen country and selling the product
in other countries.
·
Based on the data gathered and analysis performed for this
report write a conclusion in which you:
·
Create business strategies, including price and non-price
strategies, based on your market structure to ensure the market share and
potential market expansions and explore global opportunities for your business
in a dynamic business environment and provide recommendations.
·
Develop a recommendation for how the firm can manage its future
production by synthesizing the macroeconomic and microeconomic data presented.
·
Propose how the firm’s position within the market and among its
competitors will allow it to take your recommended action.
·
Recommend strategies for the firm to sustain its success going
forward by evaluating the findings from demand trends, price elasticity,
current stage of the business cycle, and government.
·
Recommend any comparative advantages your company will have over
competitors currently operating in that country, and defend your position,
either for or against, expanding your company’s production into your chosen
country based on your research.
Integrate with the Week 3 Individual
Assignment, and incorporate corrections and suggestions from the instructor’s
feedback. The final report should be a minimum of 2,800 words.
Cite a minimum of three peer reviewed
sources not including the textbook.
Include all peer-reviewed references and
government economic data sources/references from Week 3.
Format your assignment consistent with APA
guidelines.
Submit your assignment.
Resources
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