Here you can read our free complete guide on the INT 220 7-1 Project Submission and its solution.
Instructions of INT 220 7-1 Project Submission
7-1 Project Submission
Competencies
In this project, you will demonstrate your mastery of the following competencies:
Explain the drivers of globalization and how they impact business decisions
Differentiate between domestic and international business environments
Describe the factors that contribute to international market attractiveness and entry
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 growth. 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.
Directions
Develop a business brief that explains why many organizations are investing in efforts to expand their businesses internationally, the key impacts of global business, and cultural considerations for entering the global market. You will then create a market profile and outline market considerations for your chosen international market. Use the Business Brief Template in the What to Submit section to complete this project.
Drivers for Global Entry : Explain 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.
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.
Market Profile : Compare and contrast important cultural, political, and economic elements of your selected market versus the United States to explain similarities and differences between cultural practices, attitudes, economic factors, and political environments.
Cultural Profile: Compare and contrast important cultural elements of your selected market against those in the domestic market, including communication, values and attitudes, cultural dimensions, and so on.
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, current leaders, and economic measures or characteristics used in classification.
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.
Market Considerations: Compare and contrast important market considerations for your selected market against those in the domestic market. Explain the similarities, differences, and considerations for conducting business between the two markets, such as general legal and regulatory requirements, monetary and management logistics, and mode-of-entry considerations.
Monetary Considerations: Explain how monetary considerations such as currency, exchange rates, and exchange-rate management would impact the organization’s decision to expand into your selected market, using current exchange rates between your selected country and the United States to support your explanations.
Management and Logistics Considerations: Explain management and logistics practices that best address human-resource considerations for your selected market, such as management approaches or staff and labor laws and their impact on policies and procedures.
Mode of Entry Considerations: Describe advantages and disadvantages for traditional modes of entry that would be most appropriate for entering into your selected market.
What to Submit
To complete this project, you must submit the following:
Template: Business Brief
Your completed Business Brief template should be a 750- to 1,000-word Word document. Sources should be cited according to APA style.
Supporting Materials
The following resource supports your work on the project:
Shapiro Library Research Guide: INT 220 Research Guide
Research guides are developed by librarians to help you find and locate the information you need for your classes, papers, and projects. Use this library guide to assist you in exploring your selected market. Please note that if you are approved by your instructor to use a market not listed in the scenario you will need to conduct research on your own.
Step-By-Step Guide INT 220 7-1 Project Submission
Introduction to INT 220 7-1 Project
Finally! This is the last part of the INT 220 2-1 Milestone One and INT 220 5-2 Milestone Two. We must solve this part and combine all three milestones to form the final INT 220 7-1 PROJECT SUBMISSION. This Owlisdom guide will help you understand the process and considerations in expanding a cell phone case business to the Indian market. It focuses on market considerations, monetary factors, management and logistics, and entry mode. The instructions provided are based on the original task instructions, which focused on India as the selected market.
Explain the similarities, differences, and considerations for conducting business between the two markets, such as general legal and regulatory requirements, monetary and management logistics, and mode-of-entry considerations.
Market Considerations
Let’s Compare and contrast essential market considerations for your selected market against those in the domestic market.
Similarities and Differences
Analyze market size and consumer preferences in both the U.S. and India. Highlight the importance of understanding local tastes, pricing sensitivity, and brand recognition.
Legal and Regulatory Requirements
Investigate India’s specific requirements for business registration, import regulations, and consumer protection. Emphasize the need for compliance with local laws to ensure smooth operations.
Monetary and Management Logistics
Examine the impact of currency exchange rates between the USD and INR on pricing and costs. Stress the importance of financial planning and local management adaptations to navigate India’s diverse market and logistical challenges efficiently.
Explain how monetary considerations such as currency, exchange rates, and exchange-rate management would impact the organization’s decision to expand into your selected market, using current exchange rates between your selected country and the United States to support your explanations.
Monetary Considerations
This section of the INT 220 7-1 PROJECT SUBMISSION will discuss the monetary considerations for both countries and their currencies.
Currency and Exchange Rates
Understand the fluctuating exchange rates between the U.S. dollar (USD) and Indian Rupee (INR). Awareness of these rates is crucial for pricing strategies and financial forecasting.
Exchange-Rate Management
Implement financial instruments like forward contracts or options to hedge against exchange rate volatility. This proactive approach helps manage cost predictability and protect profit margins. Students should consult financial experts to choose the best exchange-rate management strategies tailored to their business needs, ensuring stability in the dynamic Indian market environment.
Example
Explain management and logistics practices that best address human-resource considerations for your selected market, such as management approaches or staff and labor laws and their impact on policies and procedures.
Management and Logistics Considerations
We will explain the management and logistic considerations in this INT 220 7-1 Project Submission
Human-Resource Management
Adapt leadership and management practices to align with Indian cultural norms and business etiquette. Prioritizing local hiring can leverage local market understanding and enhance operational efficiency.
Staff and Labor Laws
Familiarize yourself with India’s comprehensive labor laws regarding wages, working conditions, and termination policies. Compliance is non-negotiable for ethical operations and maintaining a positive brand image. Students should seek local legal advice to navigate these regulations effectively and ensure that their business operations are respectful and lawful within the Indian context.
Example
Describe the advantages and disadvantages of traditional modes of entry that would be most appropriate for entering your selected market.
Mode of Entry Considerations
In the last section of the INT 220 7-1 PROJECT SUBMISSION, we will discuss the entry modes in a global market.
- Joint Ventures offer local insights and shared risks but may result in less control over the brand and operations.
- Franchising allows rapid expansion with lower investment and risk but depends heavily on finding reliable franchisees and can dilute brand control.
- Direct Investment provides complete control over operations and brand management but involves higher risk and significant investment.
Example
Each method has its unique advantages and challenges. The choice should align with the business’s strategic goals, risk tolerance, and operational capacity, ensuring a balanced approach to entering the vibrant yet complex Indian market.
Closing
INT 220 7-1 PROJECT SUBMISSION is the last part of the modules we discussed and solved in previous modules. Combine the 2-1 Module One, the 5-2 Modules Two, and the 7-1 Project to create your final course project submission. I hope you smash your INT 220 project. Good luck 🙂
By following these guidelines and conducting thorough research, you can develop a comprehensive understanding of the process and considerations involved in expanding a business internationally, specifically in the Indian market. The next module of INT 220 revolves around Reaching Career Goals.
FAQs
1.How can companies adapt their management to fit the Indian market?
Align leadership with Indian business etiquette and prioritize local talent hiring to understand the market and comply with labor laws. Refer to the 7-1 Project for more.
2.What are the critical considerations for choosing a mode of entry into India?
Evaluate joint ventures for local insights, franchising for rapid expansion with less risk, and direct investment for complete control. See INT 220 7-1 Project Submission for details.
3.Why is local legal expertise essential in India?
It’s crucial for navigating India’s labor laws and ensuring compliance, fostering a harmonious work environment, and maintaining a positive company image.
