Here you can read our Complete free guide on the INT 220 3-2 assignment: economic and political environments comparison and see its solution
Instructions
Overview
There are many factors that should be examined when considering a new international market. In this assignment, you will explore how a company can qualify or quantify economic factors of markets and how it can influence the process of selecting a new market for a product. As you complete this assignment, consider how the lessons learned and resources used can be applied to your course project.
Prompt
You are an international trade consultant ranking the overall quality of various international markets for a product of your choosing. Select a product you would be interested in introducing to a new market, then complete the Module Three Assignment Template (located in the Guidelines for Submission section of this document). Then rank your recommendations for a new market and justify your rankings using key economic and political data points. Examples of products include digital cameras, activity trackers, curtains, coffeemakers, and so forth.
Specifically, you must address the following rubric criteria:
⦁ Application of Data: Describe your initial thoughts on how insights from the required data to be collected could help to inform business decisions. For example, consider what information each data point provides, whether you think some data points should be weighted more or less heavily than others in making a business decision, what ideal data points might look like for expansion into a new market for your product, the ways that different political systems may impact a decision, and so forth.
⦁ Political and Economic Data Collection: Complete the table in the provided template by finding the appropriate information and data points for each identified category using course and external resources.
⦁ Ranking and Rationale: Rank the appropriateness of introducing your selected product into the three markets from “most appropriate” to “least appropriate” using the gathered political and economic data you collected, then provide a rationale for why you ranked the markets the way you did based on the data you gathered.
Guidelines for Submission
Submit the completed Module Three Assignment Template. In Sections One and Three, complete sentences should be used. In Section Two, numbers are appropriate. Sources should be cited according to APA style.
Step-By-Step Guide OF INT 220 3-2 assignment: economic and political environments comparison
Introduction to INT 220 3-2 Assignment
In the INT 220 3-2 assignment: economic and political environments comparison, you will function as an international trade consultant tasked with evaluating potential new markets for a selected product. Through the collection and analysis of key economic and political data, you will rank various international markets based on their suitability. This Owlisdom How-To Guide will enhance your understanding of the complexities involved in international market selection and equip you with practical skills in data-driven decision-making.
Application of Data: Describe your initial thoughts on how insights from the required data to be collected could help to inform business decisions. For example, consider what information each data point provides, whether you think some data points should be weighted more heavily than others in making a business decision, what ideal data points might look like for expansion into a new market for your product, the ways that different political systems may impact a decision, and so forth.
Application of Data
To start the INT 220 3-2 assignment, economic and political environments comparison, we will discuss our understanding of the required information for this assignment.
- Understanding the Importance of Data: Reflect on how data serves as the backbone of strategic business decisions. Consider how each piece of data contributes to a broader understanding of market dynamics.
- Data Points for Market Expansion: Identify which data points are critical for assessing market potential. These may include GDP growth rate, consumer spending habits, and market size. Think about the specific characteristics of your product that align with these data points.
- Weighting of Data Points: Discuss the significance of giving certain data points more influence over others. For instance, market size might be more critical than the growth rate for a well-established product.
- Political Systems and Business Decisions: Explore how different governance structures can affect market entry strategies. Consider factors like trade policies, regulatory environment, and political stability.
Example
Political and Economic Data Collection: Complete the table in the provided template by finding the appropriate information and data points for each identified category using course and external resources.
Political and Economic Data Collection
in INT 220 3-2 assignment: economic and political environments comparison. Next, we will explain the Political and Economic Data Collection by filling out the table given in the template.
- Sources for Data Collection: Utilize a combination of course materials, reputable economic databases (like the World Bank and IMF), and market research reports to gather accurate data.
- Using the Provided Template: Accurately fill in the template provided in the assignment with the data collected. Ensure current and relevant data support each category.
Example
Ranking and Rationale: Rank the appropriateness of introducing your selected product into the three markets from “most appropriate” to “least appropriate” using the gathered political and economic data you collected, then provide a rationale for why you ranked the markets the way you did on the basis of the data you gathered.
Ranking and Rationale
For the last section of the INT 220 3-2 assignment, which compares economic and political environments, we will discuss the ranking and rationale of the chosen product.
- Decision-Making Process: Explain your method for ranking the markets. This should logically follow from the data analysis conducted in the previous steps.
- Rationale for Market Ranking: Provide a detailed justification for each ranking position, linking back to specific data points and how they meet the needs and opportunities of your selected product.
Example
Closing
By following this How-To Guide and addressing each section thoughtfully, you will complete the int 220 module three assignment template economic and political environments comparison. This guide will help you gain valuable insights into the process of international market selection. You can also read our INT 220 next module 4-1 Discussion: The International Monetary Fund.
References
Alon, I., Jaffe, E., Prange, C., & Vianelli, D. (2020). Global marketing: Strategy, practice, and cases. Routledge.
Central Intelligence Agency. (2023). Governance & Administration| National Portal of India. https://www.india.gov.in/topics/governance-administration
Doole, I., Lowe, R., & Kenyon, A. (2019). International marketing strategy: Analysis, development, and implementation. Cengage Learning.
Global Edge. (2024). South Korea: Government. https://globaledge.msu.edu/countries/south-korea/government
Jones, A. (2018). Geographies of production III: Economic geographies of management and international business. Progress in Human Geography, 42(2), 275–285.
McElwain, K. M. (2020). The Japanese constitution. In The Oxford Handbook of Japanese Politics.
