Here you can discover the solution for INT 220 2-1 Milestone One, and benefit from a valuable step-by-step guide.
Instructions of INT 220 2-1 Milestone One
2-1 Milestone One
Overview
Over the past two modules, you have explored the fundamentals of global business, such as key drivers for expansion of domestic business and cultural considerations. In this milestone, you will complete the first part of your course project by explaining what you have learned about global business thus far.
Scenario
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 to summarize your findings in a business brief for leadership.
Select one of the following international markets to use for your course project:
⦁ Argentina
⦁ Brazil
⦁ China
⦁ India
⦁ Indonesia
⦁ Japan
⦁ Nigeria
⦁ Russia
⦁ South Africa
⦁ Turkey
If you would like to use another country for your course project, please reach out to your instructor.
Prompt
In this milestone, you will complete Section One of the Business Brief Template (located in the Guidelines for Submission section of this document).
Drivers for Global Entry: Develop the first section of the Business Brief Template that explains the purpose of global expansion, business impacts of global business, societal impacts of global business, and cultural considerations using evidence from course and outside resources to support your explanations. Make sure to use evidence from course resources to support your responses.
Specifically, you must address the following rubric criteria:
⦁ Country Selection:
State the country you have selected to use for your course project.
⦁ Purpose of Global Expansion: Explain key benefits of successful global expansion for domestic organizations.
⦁ Business Impacts of Global Business: Explain how global expansion of a domestic organization can impact business operations such as strategic planning, marketing, supply-chain management, human resources, and so on.
⦁ Societal Impacts of Global Business: Explain how the global expansion of organizations has impacted society, citing specific examples regarding culture, transportation, employment, infrastructure, and environmental climate.
⦁ Cultural Considerations for Global Business: Explain the importance of researching the culture of a potential global market prior to market entry, as well as key cultural considerations to explore to inform expansion decisions.
Guidelines for Submission
Template: Business Brief
Submit Section One: Drivers for Global Entry of this template as a 350- to 500-word Word document. Sources should be cited according to APA style.
Introduction to INT 220 2-1 Assignment
In the last two tasks, INT 220 1-1 Discussion, Global Events and Local Supplies, we talked about how globalization has both positive and negative effects.
and INT 220 1-2 Assignment: Benefits of Global Expansion. In INT 220 Global Business, today (INT 220 2-1 Milestone One), we are going to summarize what we have learned and discussed in INT 220 Global Business.
The INT 220 Business Brief Template will be given to us to fill out so as to solve INT 2-1 Milestone One. It asks us to behave as a business analyst working at a small domestic organization. We are in the business of producing high quality cell phone cases. For reference, we are supposed to talk about the reason behind global expansion in the international market as well as how can we broaden our business in other countries. This practical application will ready you for real world business situations.
To solve INT 220 milestone one I will use the SNHU template.
I will choose India for the INT 220 course project and will also provide example solution accordingly. We will make use of these examples, which will help you learn how to apply the concepts on your own project.
State the country you have selected to use for your course project.
Country Selection
Country Selection: As your INT 7-1 Project Submission in INT 220 will be based on the selected country, this is a crucial step in the Milestones of INT 220. Check out these steps below for deciding what country to choose for INT 2-1 Milestone One.
- When choosing a country, list economic stability, market size, cultural aspects and legal environment.
- Describe a hypothetical or real country as a focus of your guide. Suggest a reason for why you choose to focus on this hypothetical or real country.
Example
COUNTRY SELECTED: INDIA
Explain the key benefits of successful global expansion for domestic organizations.
Purpose Of Global Expansion
We already discussed the benefits of global expansions in INT 220 1-2 Assignment: Benefits of Global Expansion. In this post, we shall explain what benefits a domestic business could enjoy by entering a foreign market.
- Spend some time to discuss about the potential benefits in entering in an international market, English revenue and market share.
- By examples or case study, use them to illustrate how global expansion helps facilitate company growth.
Example
PURPOSE OF GLOBAL EXPANSION
Explain how a domestic organization’s global expansion can impact business operations in strategic planning, marketing, supply-chain management, human resources, etc.
Business Impacts Of Global Business
This section in INT 2-1 Milestone One will talk about the impact of globalization on global business.
- Strategic Planning: This is a guide to modify business models to international markets (product or service alteration and pricing strategy adjustment).
- Marketing: Serve as the basis from which to offer strategies to localize marketing efforts to fit with the culture and consumer preferences of the new market.
- Supply-Chain Management: It provides insights into or overcoming logistical challenges, and keeping an efficient supply chain in a global context.
Human Resources: Helps provide some insight into how to overcome logistical challenges and maintain an efficient supply chain within a global, context.
Example
Explain how the global expansion of organizations has impacted society, citing specific examples regarding culture, transportation, employment, infrastructure, and environmental climate.
Societal Impacts Of Global Business
In this 2-1 Milestone One section, let’s look at the societal impact on business.
- Explore the impacts that global businesses have on local cultures and societies, and why.
- Help students reflect critically on the ethical implications of business operations of a business in other countries.
Example
Explain the importance of researching the culture of a potential global market before market entry and key cultural considerations to explore to inform expansion decisions.
Cultural Considerations For Global Business
Culture in globalization is what this element of INT 2-1 Milestone One is about.n.
- Make the point that cultural intelligence and sensitivity are critical for an entry into a market.
- Talks about tools and methods to conduct cultural research like local partnerships, cultural consultants and academic studies.
Example
Conclusion for INT 220 2-1 Milestone One
This a How To Guide for the simple and descriptive INT 2-1 Milestone One problem solution. Keep in mind that we have to complete the 2-1 Milestone One solution to resolve the INT 5-2 Milestone Two problem. Bear with us, and we will show you how resolving these issues is not even remotely difficult. Good luck 🙂
FAQs
Why is India considered a significant market for global business expansion?
- Milestone One, INT 2-1, explains that India has a large, fast growing telecom market and that its people frequently use smartphones, which constitute vast opportunities for sales growth. It is a market for business expansion because it’s big and present in the market..
What are the key strategies for successful business adaptation in India?
- To be successful at localizing and adapting, you need product localization, culturally aligned marketing, efficient supply chain management and hire local talent for market insight.
How can global businesses positively impact societies in new markets like India?
- INT 1-2 Milestone One How To Guide offers specific instructions regarding implementing companies and reducing environmental impact and cultural enrichment resulting from the adoption of responsible actions including corporate social accountability, stakeholder participation, and cultural awareness.
Why are cultural considerations important in global business expansion?
- It is all about understanding local cultures, being able to communicate effectively, working with market strategy, building brand respect and not making any cultural missteps.
References
Gielens, K., Ma, Y., Namin, A., Sethuraman, R., Smith, R. J., Bachtel, R. C., & Jervis, S. (2021). The Future of Private Labels: Towards a Smart Private Label Strategy. Journal of Retailing, 97(1), 99–115. https://doi.org/10.1016/j.jretai.2020.10.007
Mathapati, A. C., & Vidyavati, D. K. (n.d.). A Review of Indian Mobile Phone Sector.
Nahar, K., & Khurana, D. D. (2023). Corporate Social Responsibility. Vidhyayana – An International Multidisciplinary Peer-Reviewed E-Journal – ISSN 2454-8596, 8(si6), Article si6.
Naradda Gamage, S. K., Ekanayake, E. M. S., Abeyrathne, G., Prasanna, R., Jayasundara, J., & Rajapakshe, P. S. K. (2020). A Review of Global Challenges and Survival Strategies of Small and Medium Enterprises (SMEs). Economies, 8(4), Article 4. https://doi.org/10.3390/economies8040079
Rüth, R., & Netzer, T. (2020). The key elements of cultural intelligence as a driver for digital leadership success. Leadership, Education, Personality: An Interdisciplinary Journal, 2(1), 3–8. https://doi.org/10.1365/s42681-019-00005-x
Stahl, G. K., & Maznevski, M. L. (2021). Unraveling the effects of cultural diversity in teams: A retrospective of research on multicultural work groups and an agenda for future research. Journal of International Business Studies, 52(1), 4–22. https://doi.org/10.1057/s41267-020-00389-9
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