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Instructions of INT 220 5-1 Discussion
5-2 Milestone Two
Overview
In this course, you have explored the elements of a market profile, including cultural, political, and economic aspects, and looked at the legal and regulatory market considerations. In this milestone, you will complete the next part of your course project by creating a market profile for your chosen country and creating legal and regulatory considerations.
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 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) to complete Section Two. Use course resources as well as the INT 220 Library Guide to 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.
⦁ 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.
⦁ 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.
⦁ Legal and Regulatory Profile: 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.
Step-By-Step Guide INT 220 5-2 Milestone Two
Introduction to INT 220 5-2 Milestone Two
This milestone of is connected to INT 220 2-1 Milestone One. As mentioned in previous modules, we have selected India for the INT 220 course project. In this milestone, we will work on global market entry according to India and the US by exploring international markets. Also, INT 220 5-2 Milestone Two focuses on the importance of cultural, political, and economic analysis in global expansion.
Compare and contrast critical cultural elements of your selected market against those in the domestic market, including communication, dimensions of culture, attitudes, standard business etiquette and practices, and at least five other vital aspects of culture.
Cultural Profile
For this first part of INT 220 5-2 Milestone Two, we need to compare the market profiles of both countries (the US and the country you selected for the project)
Reminder: We have already created a cultural profile for the US and India in INT 220 2-2. Assignment: Cultural Comparisons.
Example
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 in trade.
Political and Economic Profile
Let’s delve into the U.S. political system (federal republic, democratic principles), its economic status (advanced, market-based), and how the government influences trade (tariffs, trade agreements). Understand how these elements differ in your selected market.
Example
Compare and contrast essential 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.
Legal and Regulatory Profile
Now, we will compare the legal and regulatory profiles of both countries.
Outline the U.S. legal framework for businesses, including trade restrictions (sanctions, embargoes), product regulations (safety, compliance standards), and import procedures.
Compare these with your chosen country’s legal landscape, which will highlight potential challenges and opportunities.
Example
Closing
This Owlisdom How-To Guide provides detailed instructions and a dummy solution along with guidelines. These guidelines help you solve INT 220 5-2 Milestone Two like a pro. As both milestones are connected, do not forget to check the How-To Guide INT 220 2-1 Milestone One. Good luck 🙂
FAQs
1.What are the leading trade restrictions in the USA and India?
The USA uses tariffs and agreements like USMCA for protection, while India uses tariffs and SAFTA for liberalization. For more details, refer to 5-2 Milestone Two
2.How do product regulations differ between the USA and India?
The USA emphasizes safety and environmental standards across sectors, whereas India focuses on sector-specific standards through bodies like BIS.
