Read out INT 220 1-2 assignment: benefits of global expansion. Hers is the complete free guide with completed solution for you.
Instructions of INT 220 1-2 Assignment: Benefits of Global Expansion
Overview
Blogs, LinkedIn articles, and other online publications are channels of communication through which people can share their experience, perspectives, and expertise directly with readers—and readers can respond via electronic comments.
While these electronic channels are usually not as credible as scholarly publications, they are a great way for readers to learn about new topics and for writers to share their insight and expertise with a virtual audience. They are also often supported with references to case studies, reports, and other research.
In this assignment, you will write an article for a virtual, professional audience to share your knowledge of the module resources concerning what globalization is and why organizations consider global expansion.
Prompt
Create an article that could be shared online that defines key terms, explains fundamental concepts, and shares relevant examples as to why domestic businesses should consider expansion into global markets. The article should have a brief introduction that explains what readers will gain from the post, a body that provides content supported with textual evidence from the course resources, and a conclusion that summarizes key takeaways for the reader.
Specifically, you must address the following rubric criteria:
Types of Business Environments: Differentiate between domestic and international business environments by defining and providing key characteristics of each type, using supporting evidence.
Example Organizations: Identify examples of domestic and international organizations and explain how they meet the criteria for each type of organization, using supporting evidence.
Benefits of Expansion: Explain the key benefits of international and global expansion for domestic businesses, providing specific examples and using supporting evidence.
Ethical Considerations: Explain the role of ethics in making business decisions regarding expansion to a new market and how ethical decision-making frameworks can be used to help make these decisions. Use supporting evidence as appropriate.
Guidelines for Submission
Submit your article as a Word document between 350 and 500 words in length. Use APA formatting and cite your sources according to APA style.
Step-by-Step Guide for INT 220 1-2 Assignment: Benefits of Global Expansion
Introduction to INT 220 1-2 Assignment
Welcome to our guide on tackling “1-2 Assignment: Global Dimensions in Business,” designed explicitly for INT 220. This Owlisdom How-To Guide will simplify and clarify the complexities of the U.S. economy and market. We will cover the essential components of your assignment, focusing on differentiating business environments, exploring examples of organizations, understanding the benefits of expansion, and the significance of ethical considerations.
Differentiate between domestic and international business environments by defining and providing critical characteristics of each type, using supporting evidence.
Understanding Globalization and Global Expansion in Global Dimensions in Business
To understand the 1-2 assignment benefits of global expansion, it is essential to understand the international market and globalization.
We will cover each part of the instruction one-by-one and we’ll also see the example and solution for each part. Let’s start!
Start by Defining
- Differentiate between the domestic and international business environments.
- The domestic climate operates within a country’s borders, focusing on local regulations, market trends, and cultural familiarity.
- In contrast, the international environment extends beyond these borders, requiring understanding varied legal systems, economic policies, and cultural nuances.
Use Supporting Evidence in 1-2 assignment benefits of global expansion
- Gather data from credible sources such as market analysis reports or case studies highlighting how businesses navigate these environments.
- This evidence strengthens your differentiation between domestic and international settings.
Example
Diaz (2022) defines the domestic market by mentioning that a business environment operates within the country’s borders, concentrating on local regulations and market trends. Cultural nuances are a domestic market, while the international business scene. From a U.S. standpoint, it involves engaging beyond American borders and requires insights into various legal systems, economic policies, and cultural differences (Diaz, 2022)
Domestic US companies focus on complying with American laws, tapping into the preferences of local consumers, and utilizing an understanding of the US socio-economic framework for success. However, US companies venturing abroad must adapt to foreign regulations, grasp diverse market tendencies, and exhibit cultural sensitivity to achieve global success (Rivero-Gutierrez et al., 2023)
Identify examples of domestic and international organizations and explain, using supporting evidence, how they meet the criteria for each type of organization.
Identifying Example Organizations
Several parts of the INT 220 1-2 assignment benefits of global expansion tasks require you to provide examples. Following the instructions below, you can generate examples for the INT 1-2 Assignment.
- Domestic and International Examples: Choose companies that represent each category. For domestic, consider a U.S.-based company that primarily operates within the country. For international, select a company with a significant presence in multiple countries.
- Criteria Matching: Explain why these organizations are perfect examples of their categories. Use financial reports, market presence, and operational strategies as evidence.
Example
In-N-Out Burger is one of the best examples of a US domestic organization, a fast-food chain operating solely within the United States (Sun, 2022). Apple Inc. is a technology company headquartered in the U.S. with retail stores and operations worldwide (Pan, 2024). In-N-Out Burger is a classic example of a domestic organization, focusing its business operations and menu offerings on the American market. Apple Inc. represents an international organization by maintaining a significant presence in numerous countries and adapting its products and marketing strategies to fit diverse global markets.
Explain the key benefits of international and global expansion for domestic businesses, providing specific examples and using supporting evidence.
Benefits of Global Expansion
The critical element of the 1-2 assignment benefits of global expansion is determining the benefits of global expansion. Following the guidelines below, you can efficiently work on this INT 220 1-2 Assignment section.
- Discuss the advantages of going global, such as market diversification, access to new customer bases, and enhanced innovation capabilities.
- Use real-life scenarios where U.S.-based companies expanded internationally and reaped these benefits. Reference specific outcomes like increased market share or revenue growth.
Example
International expansion benefits U.S. businesses through market diversification, broader customer bases, and innovation. (Goncharenko et al., 2023) States that Netflix’s move into over 190 countries dramatically increased its subscribers and revenue, illustrating the power of reaching global markets. Similarly, Starbucks’ international presence brought new flavors and concepts back to the U.S., showcasing how global insights fuel innovation (Dolbec et al., 2022). These strategies enhance financial stability and market share and introduce fresh ideas and products to the domestic market, reinforcing global expansion’s interconnectedness and mutual benefits.
Explain the role of ethics in making business decisions regarding expansion to a new market and how ethical decision-making frameworks can help make these decisions. Use supporting evidence as appropriate.
Navigating Ethical Considerations
Let us look at this part of the INT 220 1-2 Assignment. In it, we discuss ethical considerations in decision-making frameworks.
- Ethics in Expansion: Highlight the importance of ethical considerations when entering new markets. Discuss potential challenges like cultural sensitivities, labor practices, and regulatory compliance.
- Decision-Making Frameworks: Introduce a couple of ethical frameworks that can guide decision-making processes. Show how these can be applied to hypothetical expansion scenarios, ensuring ethical and beneficial decisions.
Example
Ethics in Expansion
Ethical considerations are crucial in addressing cultural sensitivities, labor practices, and regulatory compliance when entering new markets, ensuring respectful and fair business conduct.
Decision-Making Frameworks
Utilizing ethical frameworks helps businesses assess the broader impact of their decisions, ensuring they contribute positively to new markets while respecting local norms and values.
Conclusion in INT 220 1-2 assignment benefits of global expansion
Conclude 1-2 assignment benefits of global expansion by emphasizing the criticality of understanding global dimensions in business for successful international expansion. Remember, clarity, evidence, and ethical considerations are your keys to unlocking a comprehensive understanding of “Global Dimensions in Business.”
Example
Understanding global dimensions in business is crucial for successful international expansion. Clarity, supporting evidence, and ethical considerations are essential to grasp global business dynamics comprehensively.
Closing
This How-To Guide will equip you with the instructions and guidelines to analyze and differentiate between domestic and international business environments, allowing you to solve the INT 220 1-2 Assignment: Benefits of Global Expansion thoughtfully and effectively. I hope you ace your assignment. Good luck 🙂
Previously, we did INT 220 1-1 Discussion Global Events and Local Supplies. Next week we have to do Milestone One of INT 220, don’t forget the check out our complete solution for INT 220 2-1 Milestone One
FAQs
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What differentiates a domestic from an international business environment?
- The 1-2 Assignment explains that a domestic environment operates within one country’s borders, focusing on local laws and culture, while international business crosses borders and requires global understanding.
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Can you give examples of companies that are purely domestic and those that are international?
- In-N-Out Burger is purely domestic, operating only in the U.S., whereas Apple operates globally, making it an international company. Look at Global Dimensions in Business 1-2 Assignment for more detailed information.
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What are the main benefits of global expansion for companies?
- Global expansion offers market diversification, access to new customer bases, and enhanced innovation capabilities. 1-1 Assignment: Benefits of Global Expansion has more detailed notes on this motif.
References
Dolbec, P.-Y., Arsel, Z., & Aboelenien, A. (2022). A Practice Perspective on Market Evolution: How Craft and Commercial Coffee Firms Expand Practices and Develop Markets—Pierre-Yann Dolbec, Zeynep Arsel, Aya Aboelenien, 2022. https://journals.sagepub.com/doi/full/10.1177/00222429221093624
Pan, Y. (2024). Apple’s Secret to Being Successful: Research on Apple’s Commercial Marketing Strategy Based on Multi-marketing Framework. Journal of Education, Humanities and Social Sciences, pp. 27, 413–418. https://doi.org/10.54097/c8qj3c65
Sun, C. (2022). Market Analysis of Five Guys. 2159–2167. https://doi.org/10.2991/aebmr.k.220307.355
