MAN304_T2_2020_Assessment_2 Page 1 XXXXXXXXXXKaplan Business School Assessment Outline Assessment 2 Information Subject Code: MAN304 Subject Name: Issues in International Business Assessment Title:...

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MAN304_T2_2020_Assessment_2 Page 1 Kaplan Business School Assessment Outline Assessment 2 Information Subject Code: MAN304 Subject Name: Issues in International Business Assessment Title: International Business Report Assessment Type: Individual Written Report Word Count: 1500 Words (+/-10%) Weighting: 30 % Total Marks: 30 Submission: Via Turnitin Due Date: Monday, Week 9 at 13:55pm Your Task Select an International Business that is seeking to expand into a new or emerging market and write an individual written report discussing the opportunities and challenges that the business will face. Assessment Description To complete this assessment, you will need to write an Individual Report that discusses the various external environmental factors (political, legal, economic and cultural) that will provide both opportunities and challenges for your chosen international business as part of their expansion strategy into a new or emerging market. Learning Outcomes LO3: Analyse the strategies and structures of engaging in international businesses LO4: Demonstrate awareness of the political and cultural differences that influence international business LO5: Demonstrate an understanding of the modes of entry and the operational issues involved in going global Assessment Instructions Based on your selection of an Individual Business, your Individual Report will discuss the various external environmental factors (political, legal, economic and cultural) that will provide both opportunities and challenges for your chosen business as part of their expansions strategy into a new or emerging market. Page 2 Kaplan Business School Assessment Outline You should select one (1) new or emerging market to form the basis of your discussion. Your report should include the use of a range of primary information sources from your chosen business and be supported by academic research. It is recommended that in Week 6, you submit a plan/outline to your lecturer on how you will approach your report. • Using a Report Format, you will need to include the following components: o Introduction (150 words) o External Environmental Factors (Political, Legal, Economic and Cultural) (600 words) o The Expansion Opportunities for your Business (300 words) o The Expansion Challenges for your Business (300 words) o Conclusion (150 words) o Reference List (using the Harvard Referencing Convention throughout your report and reference list at the end) Please refer to the Assessment Marking Guide to assist you in completing all the assessment criteria. Page 3 Kaplan Business School Assessment Outline Important Study Information Academic Integrity Policy KBS values academic integrity. All students must understand the meaning and consequences of cheating, plagiarism and other academic offences under the Academic Integrity and Conduct Policy. What is academic integrity and misconduct? What are the penalties for academic misconduct? What are the late penalties? How can I appeal my grade? Click here for answers to these questions: http://www.kbs.edu.au/current-students/student-policies/. Word Limits for Written Assessments Submissions that exceed the word limit by more than 10% will cease to be marked from the point at which that limit is exceeded. Study Assistance Students may seek study assistance from their local Academic Learning Advisor or refer to the resources on the MyKBS Academic Success Centre page. Click here for this information. http://www.kbs.edu.au/current-students/student-policies/ https://elearning.kbs.edu.au/course/view.php?id=1481 Page 4 Kaplan Business School Assessment Outline Assessment 2 Marking Rubric Criteria NN (Fail) 0 - 49 P (Pass) 50 - 64 CR (Credit) 65 - 74 DN (Distinction) 75 - 84 HD (High Distinction) 85 - 100 Demonstrated Identification and Application of the External Environment Factors (Political, Legal, Economic and Cultural) that will affect the business expansion strategy (10 Marks) Your application lacks depth, and your interpretation is not relevant to the assessment criteria. You briefly identify and apply some of the external environmental factors that will affect your business expansion strategy and your interpretation is not always relevant to the assessment criteria. You have identified and applied most of the external environmental factors that will affect your business expansion strategy and is relevant to the assessment criteria. You have thoroughly identified and applied the external environmental factors that will affect your business expansion strategy and is relevant to the assessment criteria. You have convincingly and with detail identified and applied the external environmental factors that will affect your business expansion strategy and is relevant to the assessment criteria. Identification and Discussion of the business’ expansion opportunities (8 Marks) The quality of your identification and discussion was poor and/or incoherent. You have identified and discussed some of the key business expansion opportunities, although a more comprehensive discussion was required You have identified and discussed most of the key business expansion opportunities, although some discussion points needed more depth You have identified and discussed of the key business expansion opportunities, and provided a very good and detailed discussion You have provided a very comprehensive and dynamic key business expansion opportunities, and provided a excellent and detailed discussion Identification and Discussion of the business’ expansion challenges (8 Marks) The quality of your identification and discussion was poor and/or incoherent. You have identified and discussed some of the key business expansion challenges, although a more comprehensive discussion was required You have identified and discussed most of the key business expansion challenges, although some discussion points needed more depth You have identified and discussed of the key business expansion challenges, and provided a very good and detailed discussion You have provided a very comprehensive and dynamic key business expansion challenges, and provided a excellent and detailed discussion Selection of an International Business and suitable new or emerging market (2 Marks) Neither your selection of an International Business or your choice of a new and emerging market was not appropriate for the question Your selection of an International Business or your choice of a new and emerging market was well matched to the question Your selection of an International Business or your choice of a new and emerging market was appropriate for the question Your selection of an International Business or your choice of a new and emerging market was appropriate for the question Your selection of an International Business or your choice of a new and emerging market was appropriate for the question Page 5 Kaplan Business School Assessment Outline Assessment Marking Guide Academic Structure (2 Marks) Spelling, grammar and presentation/or grammar is consistently incorrect. In-text referencing and/or reference list is mostly incorrect or non-existent Your research lacks focus because of an unsuitable choice of sources. Spelling, grammar and presentation have numerous errors. In-text referencing and/or reference list is obvious but there are major errors. You have selected some appropriate scholarly sources. Better use of quality sources would help focus your research. Spelling, grammar and presentation have numerous errors. In-text referencing and/or reference list has only minor errors throughout. Your research is focused, drawn from an appropriate range of scholarly sources Errors in grammar and spelling are rare and professionally presented. In-text referencing and the resultant reference list is correct, with only the occasional error. It is obvious that your research is focused, complemented by a quality selection and range of scholarly sources. Correct grammar and spelling throughout the analysis with no obvious errors. In-text referencing and the resultant reference list is correct, with no errors. It is clearly obvious that your research is extensive and focused, complemented by a quality selection and range of scholarly sources. Assessment 2 Information Subject Code: Subject Name: International Business Report Assessment Title: Individual Written Report Assessment Type: Weighting: Total Marks: Via Turnitin Submission: Monday, Week 9 at 13:55pm Due Date: 30 % 30 Word Count: MAN304 Issues in International Business Please refer to the Assessment Marking Guide to assist you in completing all the assessment criteria. MAN304_T2_2020_Week_05_FINAL MAN304 Issues in International Business Week Five The Challenges of Global Expansion (New and Emerging Markets) 1 COMMONWEALTH OF AUSTRALIA Copyright Regulations 1969 WARNING This material has been reproduced and communicated to you by or on behalf of Kaplan Business School pursuant to Part VB of the Copyright Act 1968 (the Act). The material in this communication may be subject to copyright
Answered Same DaySep 07, 2021MAN304

Answer To: MAN304_T2_2020_Assessment_2 Page 1 XXXXXXXXXXKaplan Business School Assessment Outline Assessment 2...

Sumita answered on Sep 08 2021
146 Votes
EXPANSION OF BUSINESS INTO EMERGING MARKET
Table of Contents
Introduction    3
External Environmental Factors    3
Expansion Opportunities    5
Expansion Challenges    5
Conclusion    6
References    7
Introduction
The companies pursue market expansion due to various reasons that could range for saturation of the current market to obsolescence of the product in t
he country. Various strategies use to increase the sales of their product. The marketing approach of entry into different types of markets such as the markets of developing countries are based on the factors such as the socio-economic development of the country, the political environment, the legal framework, the demographics and many such important factors. The pro-market reforms taking place in the country of expansion make it an attractive destination for multinational companies seeking to expand their business. The presence of competitor products or the lack of competition can also lead to companies making new investments. For the purpose of the study, the entry of KIA motors (an automobile company) into an emerging market India is studied.
External Environmental Factors
Political- the automobile industry is considered one of the largest contributors to the economy in India. The political environment in India favours the motive of Make in India. The automobile sector has been the most favoured investment for generation of employment. It is an attractive destination for foreign investment in India. Automotive Mission Plan 2016-2026 aims at making Indian auto industry as the engine of the Make in India program (Tripathi & Rao, 2016).
The political climate in India also favours green technology because of the carbon emissions from emerging economies due to the rapid growth. India and China have made great strides in capabilities and green technology and this favours companies that manufacture vehicles. The conventional technology favouring foreign direct investment in India was important during the initial phase of take-off. The unconventional sectors using unconventional technology transfers such as renewable energy, electric and hybrid vehicles, wind energy have motivated foreign players to invest. This way they gain access to a huge market and make use of collaborative relationships. They may be less motivated to do so in smaller countries, which have a smaller number of buyers (Lema & Lema, 2012).
Legal -the legal framework of the automobile sector is moving from a voluntary code to a legally enforceable code. The authorities can enforce a full recall and ask the company to replace or reimburse or repair the vehicle. There are also the provisions for fines. The primary onus will be on the manufacturer. There are many proposed changes in the current laws that India proposes and the country proposes laws that enforce safety and the reduction of emissions to safeguard the environment. The Lok Sabha has recently passed the Motor vehicles (Amendment Bill, 2016 that introduces many amendments to the three-decade-old Motor Vehicle Act. If there is a defect in the particular type of vehicle reported by a majority of owners, by a testing agency or any other source then the government has the power to order a recall (The Economic Times, 2017).
Economic-the acceleration of new technologies, sustainability policies, changing consumer preferences, rise of new technologies have given rise to new business models in emerging markets. There are four disruptive trends in the automobile sector. They are diverse mobility, autonomous driving, electrification and...
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