You are a business analyst working at a small, domestic organization that produces high-quality cell phone cases. Your organization has begun to see its sales flatten in the domestic market. While the...

1 answer below »



You are a business analyst working at a small, domestic organization that produces high-quality cell phone cases. Your organization has begun to see its sales flatten in the domestic market. While the organization is not losing money, leadership would like to explore options to continue to grow. One option that leadership has noticed competitors attempting is entering international markets.




You have been asked to examine the benefits, drawbacks, and key considerations for your organization to enter one of the global markets below, and summarize your findings in a business brief for leadership.




Continue to use your selected market from Milestone One. As a reminder, the options for international markets are:







  • Argentina



  • Brazil



  • China



  • India



  • Indonesia



  • Japan



  • Nigeria



  • Russia



  • South Africa



  • Turkey









If you would like to use another country for your final project please reach out to your instructor.





Prompt




In this milestone, you will continue to use the Business Brief Template (located in the Guidelines for Submission section of this document). Complete Section Two and the Legal and Regulatory Considerations portion of Section Three. Use course resources as well as theINT 220 Library Guideto support your responses.




Specifically, you must address the following rubric criteria:







Market Profile: Explore and explain the cultural, political, and economic environment of your selected market to help inform future business decisions regarding expansion from the domestic market.










  1. Cultural Profile: Compare and contrast important cultural elements of your selected market against those in the domestic market, including communication, dimensions of culture, attitudes, common business etiquette and practices, and at least five other important aspects of culture.






  2. Political and Economic Profile: Compare and contrast important political and economic factors for your selected market against those in the domestic market, including political systems and ideologies, current leaders, economic measures or characteristics used in classification, and government intervention on trade.









Market Considerations: Discuss the legal and regulatory considerations in your selected market that can impact business decisions regarding expansion to new global markets. You should also consider corporate social responsibility for each market consideration.










  1. Legal and Regulatory Considerations: Compare and contrast important legal and regulatory requirements of your selected market against those in the domestic market, including trade restrictions, regulations of products or services, legal processes for business transactions, and import restrictions or documentation.






Guidelines for Submission







Template:Business Brief



Submit the template as a 500- to 650-word Microsoft Word document. Based on your milestones, you should have Sections One and Two completed, as well as the Legal and Regulatory Considerations portion of Section Three. Sources should be cited according to APA style.

Answered 2 days AfterNov 26, 2022

Answer To: You are a business analyst working at a small, domestic organization that produces high-quality cell...

Deblina answered on Nov 28 2022
7 Votes
Comparison of Market Profile         2
COMPARISON OF MARKE
T PROFILE
Table of Contents
Section 1: Drivers for Global Entry    3
Section 2: Market Profile    3
Cultural Profile    3
Section 3: Market Consideration    4
Exchange Rates    4
Legal & Regulatory Consideration    4
References    5
Section 1: Drivers for Global Entry
Argentina is one of the largest economies in Latin America and it has an approximate value of GDP of around 400 billion dollars this represents a significant opportunity for businesses to explore and inherently expand in Argentina. One of the most influential and substantial reasons to do business in Argentina is that the efforts of the government to promote international investment in recent years include the initiatives of lifting foreign exchange controls and increasing participation in the global market. There has been a friendly investment environment for the new businesses. One of the most significant advantages of doing business in Argentina is that this country is a member of Mercosur and is a part of the trading bloc made up of the countries of Argentina, Brazil, and Paraguay as its founding members with the other South American countries and the associate members (Qiang et al., 2020).
Section 2: Market Profile
Cultural...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here