1 Portfolio Assignment Unit Choices Unit # 1 1 2 Assignment Type Case Study Map (Geography) (Presentation) 1 1 3 Research (Resource File) (Report) 4 Research (Balance of Trade – Mathematics) (Report) 5 Research (Economic 1 1 Assignment Globalization at General Electric Use the library or Internet to prepare a map poster that shows locations of the major trading partners of the United States or country of your choice. Use http://globaledge.msu.edu Start a file of articles, information and materials on a country and a company involved in international business. Obtain information of that country related to: geography history government culture government economy For the company file include: list of products sold in different countries examples of ways the company adapted to different societies other information about its foreign business activities Use as one source: http://globaledge.msu.edu Directions Textbook, p. 42-43. Read case & answer 4 questions Use poster board to paste or draw your map. Make the map big & colorful enough so students in the back row can see your information in class. Use the following sources of information and materials to create your files: reference books (encyclopedias, almanacs, atlases current articles from newspapers, magazines, & online sources current company news and financial information from the company’s Web site and annual report graphs, tables, photos, advertisements, packages, and other visuals from online sources for the country and the company printed and online materials from companies, airlines, travel bureaus, government agencies, and other organizations involved in international business interview of people who have lived in, worked in, or traveled to that country. Prepare a one-page typed summary or give a 2-3 minute oral report about your country and company. Plan to add things to your files throughout the course. Select a country other than the In an Excel table state the 3 yearly imports & exports United States. Research the major totals. Calculate the difference between the country’s imports & exports of that nation for 3 total exports & imports and the percentage change in most recent years. exports & imports from previous years. Use Excel and chart the totals and percentage changes. Select a country other than the Create 3 graphs – one for GDP, one for Per Capita 2 1 6 1 1 7 8 Income, & one for Unemployment Rate – that compares these over 3 most recent years. Use Excel to create your graphs. Answer the following questions based on your data: 1. How has the level of economic conditions changed for your country in recent years? 2. What do these changes mean for countries involved in international business? 3. Are GDP, per capita income, & unemployment related to each other in any way? If so, how so? 4. How could a company involved in international business use this information to make better company decisions? Make the poster or display big enough so students can see it from across the classroom. Conditions) (Report) United States. Obtain data for the GDP, Per Capita Income, Unemployment Rate for 3 most recent years. Poster (Factors of Production – Science) (Presentation) Case Study Research (Assessing Political Risk & Legal Restrictions) (Report) Prepare a poster or display that shows how the factors of production are used to create a specific product Wal-mart’s Foreign Expansion Textbook, p. 126-127. Read case & answer 5 questions Gather information on the investment Use the following sources of information and materials: climate for your chosen country using http://globaledge.msu.edu/ and in the “Insight the following topics: Research by Trade Bloc” section, click down 1. Political stability of the arrow to choose your country, click on the country and possible civil following links on the far left: disruptions 2. Labor laws, labor costs, and o “Introduction” – scroll down to ‘Quick occupational safety laws Links” and click on 3. Trade barriers or investment “Country Commercial Guide” restrictions (Trade Regulations) 4. Tax and other investment “U.S. Department of State – incentives to foreign Country Travel Information companies 5. Laws concerning establishing “World Bank: Doing Business or restricting investment Indicators” 6. Other information you think is o Risks important for making an https://www.cia.gov/library/publications/theinvestment decision. world-factbook/ 3 1 1 2 2 2 http://www.state.gov/r/pa/ei/bgn/ and scroll down and click on “Investment Climate Statement”, then click on your country. Transparency International: http://www.transparency.org/country current company news and financial information from the company’s Web site and annual report Research (Ethics in International Business – 9 Chapter 4) (Report – CPI for your country) 10 Case Study 1 Case Study 2 Critical Thinking (Country Focus) In the Research Task section use http://globaledge.msu.edu/ to understand the Corruption Perceptions Index (CPI) Textbook, p. 156: Exercise 2 Google in China The Ecuadorean Rose Industry Country Focus: Moving U.S. White Collar Jobs Offshore 3 Investigate the duties and customs procedures of one of the following countries; Malaysia, Australia, Taiwan, China, India, South Korea, Singapore, or New Zealand. Textbook, p. 160-161. Read case & answer 4 questions Textbook, p. 197-198. Read case & answer 4 questions Textbook, p. 181- Read Country Focus; Answer questions on p. 196, “Critical Thinking and Discussion Questions” #6 a-c. State the information you find using the following sources of information and materials: http://globaledge.msu.edu/ and in the “Insight Research by Trade Bloc” section, click down arrow to choose your country, click on the following links on the far left: Research (Law) (Report if your country) o “Introduction” – scroll down to ‘Quick Links” and click on “Country Commercial Guide” (Trade Regulations, Customs and Standards) “U.S. Department of State – Country Travel Information 4 4 Map (Geography) (Presentation) 5 Critical Thinking (Management Focus) 6 Map (Geography) (Presentation) 7 8 Case Study Research (Foreign Exchange Market) 9 Research (The Changing Value of Currencies) (Report) 2 2 2 2 2 2 Locate examples of multinational companies in different countries. Create a map showing where the companies are based and the other nations in which the companies operate. Management Focus: Foreign Direct Investment by Cemex Conduct research to obtain information about various free-trade agreements, such as the European Union, MERCOSUR, and ASEAN. Create a map that show the countries involved in these organizations. Starbuck’s Foreign Direct Investment Use the Big Mac Index to compare the PPP of countries based on the price of a Big Mac. Select a country, and research its currency. Gather information and answer the following questions: 1. What is the main monetary used in the country? How is it divided into other units? 2. Over the past couple of years, what have been the economic conditions of the country (inflation, interest rates, unemployment)? How have these affected the value of the currency? 3. How has the country’s balance of payment affect the value of Use poster board to paste or draw your map. Make the map big & colorful enough so students in the back row can see your information in class. Textbook, p. 248- Read Management Focus; Answer questions on p. 268, “Critical Thinking and Discussion Questions” #3 a-e. Use poster board to paste or draw your map. Make the map big & colorful enough so students in the back row can see your information in class. Textbook, p. 315-316. Read case & answer 4 questions. Textbook. Reread p. 320-321. Complete Exercise #2 on p. 344 under “Research Task: The Foreign Exchange Market”. Use the http://globaledge.msu.edu/ Web site to find the actual currency values to make comparisons. Use http://globaledge.msu.edu Web site to find answer the questions. 5 2 3 10 Case Study 1 Critical Thinking (Management Focus) 2 3 3 Research (The Strategy of International Business) Research (Statistics) (Report – use for your country/product) In the Research Task use the Forbes Global 2000 rankings 4 Critical Thinking (Management Focus) Use the U.S. Statistical Abstract or a similar publication to explore data about: the number of companies their size number of employees form or organization percentage of small businesses in particular industries other statistical data Management Focus: The International Division at Wal-Mart 5 Research In the Research Task section use the 3 3 3 its currency? 4. How have political factors affected the value of the currency? 5. Describe any exchange controls used by the country. 6. What factors might affect changes for this currency over the next few months? 7. Graph the recent value of the currency in relation to two other major currencies (e.g., U.S. dollar, Japanese yen, British pound, the Euro, Swiss franc). China’s Managed Float Management Focus: Evolution of Strategy at Proctor & Gamble Textbook, p. 371. Read case & answer 6 questions. Textbook, p. 431- Read Management Focus; Answer questions on p. 433, “Critical Thinking and Discussion Questions” #4 a-b (a). Textbook, p. 433: Exercise 1. Include in your summary your Web site source. Use the following Web site or find a similar one on your own to create a bar graph or pie chart for ONE TYPE of data. http://www.census.gov/compendia/statab/ (Statistical Abstract) Textbook, p. 444- Read Management Focus; Answer questions on p. 472, “Critical Thinking and Discussion Questions” #6 a-b . Textbook, p. 472: Exercise 1. Include in your summary 6 (The Organization of International Business) 6 Identifying Management Skills & Organizational Structure (Rport) 7 Critical Thinking 3 3 Fortune’s annual survey of its World’s Most Admired Companies rankings. Write a 1-page Executive Summary focusing on the topics of “strategic and organizational” success factors involved in this survey. Develop a Management Plan of your company for a business in your foreign country. Your plan should answer the following questions: 1. What skills will managers need to adapt to the social & cultural environment of this country? 2. Describe the management style (autocratic, participatory, or free-reign) most appropriate for this organization. 3. Explain which type of organizational structure (function, product, or geography) would be most appropriate. 4. Which of the organization’s activities will be centralized and which will be decentralized? 5. What other management & organizational decisions will need to be adapted for international business operations? Write a summary on the implications of a company’s entry mode into a your Web site source. Use MS Word to write your Executive summary. You may use the Internet to download Executive Summary templates. Prepare a written summary using MS Word. Include an organizational chart it show the structure of your company’s organization. Use some of the following resources as you develop answers to the questions above. Be sure to list your sources in your summary. journal articles in scholarly publications Web sites for companies in the industry of your company magazine & newspaper articles profiling businesses operating in the country you have chosen job descriptions posted on job search Web sites and on specific company Web sites Textbook, Reread p 483-492. Answer question on p. 502, “Critical Thinking and Discussion Questions” #3. 7 8 Critical Thinking 9 Research (Entry Strategy and Strategic Alliances) *This information could be 3 3 used for your Report. 10 Strategic Global Business Operations *This information could be used for your Report 3 foreign country in relation to control over foreign operations & core competencies. Choose from 3 options on how a small Canadian firm should enter the European Community market for their new medical products. In the Research Task use Entrepreneur magazines’s annual publication rankings of the top 200 global franchisers seeking international franchisees. Provide a list of the top 10 companies that pursue franchising as a mode of international expansion. Create a Strategic Business Plan for a foreign company that you may partner with in their country. Includes the following information: 1. Describe how you chosen company might have started as a sole proprietorship or a partnership. Explain the factors that may have influenced the owners’ decision to select this form of business organization. 2. If the company becomes a multinational corporation, what benefits & problems could result? 3. Describe appropriate international business opportunities for the company. what products & services would be most Textbook: Reread p. 493-501.; Answer questions on p. 502, “Critical Thinking and Discussion Questions” #4. Textbook, p. 503, Exercise #1. Study in detail one of the top 10 companies on your list and provide a description of its: business model international expansion pattern desirable qualifications in possible franchisees support & training typically provided by the franchiser Prepare a written report using MS Word. You can use other options with visuals & information to answer the assignment questions: create a poster create a display create a computer presentation 8 1 4 2 4 3 4 4 4 appropriate for different geographic regions? What economic, cultural, legal or political influences must the company consider? 4. Which of the entry methods (see Table 14.1, p. 491 of Textbook) would be appropriate for the company? Why? 5. Explain the possible use of tow or more of these methods for getting involved in international business Research In the Research Task section use (Exporting, Importing, & http://globaledge.msu.edu/ to Countertrade) understand exporting resources for new exporters. Critical Thinking Explain vertical integration. Then (Vertical Integration OR with your company and your chosen Buying Parts from product, identify any operations you Suppliers) company has related to vertical *This information could be integration with your product and used for your Presentation. any parts it buys from suppliers to make your product. Research/Communications Using your company and product, (Flow chart of your chosen create a FLOW CHART of the product’s production production process of your product. process) Include the following: *This information could be resources used in input used for your Presentation. activities involved in transformations goods & services produces as output Critical Thinking Describe each distribution strategy (Distribution Strategy) and then state the best one a company Textbook, p. 549: Exercise 1. Include in your summary your Web site source. Textbook. Reread pp. 566-569. Use MS-Word to type your answers. Use the Internet or the Library to research your product and company. Use appropriate software (WORD, Photoshop, Illustrator) to create your flowchart). Use the Library or Internet research to obtain information about your product’s production process. List all your research sources using MLA or APA formatting. Textbook: Reread p. 586-589.; Answer questions on p. 606, “Critical Thinking and Discussion Questions” #3. 9 5 Case Study (Management Focus) 6 Research (Global Marketing and R&D) 7 Research (Global Marketing and R&D) 8 Critical Thinking (Types of Staffing Policy in International Business) 9 Research (Accounting in Int’l Bus) 4 4 4 4 4 4 10 Mathematics/Research (Changing Price of Stock) *This information could be used for your Presentation. should choose in relation to Q.#3 on p 606. Levi Strauss Goes Local Use the Internet to find the most current ranking of global brands. Identify the criteria that are used and answer questions based on your research. From your research using The Global Competiveness Report, state the benefits & drawbacks of developing R&D facilities in Asia to counter recent competitor responses. State the main advantages and disadvantages of the following approaches to international staffing: 1. ethnocentric 2. polycentric 3. geocentric Use the comparator tool to identify in which of the following countries the historic cost principle of accounting is considerably less reliable: Belarus, Costa Rica, Egypt, Finland, Ghana, Iceland, Paraguay, Thailand, & Zimbabwe. Use the rank countries tool and list at least three other countries in which the historic cost principle would not be reliable. In your foreign country, select a company that issues stock (you can use your chosen company if appropriate) and prepare a GRAPH Textbook, p. 600. Read case & answer questions on p. 607, #6 a-d.. Textbook, p. 607: Exercise 1. Include in your report your Web site sources using MLA or APA formatting. Textbook, p. 607: Exercise 2. Include in your report your Web site sources using MLA or APA formatting. Textbook. Reread pp. 616-609. Answer questions on p. 635, “Critical Thinking and Discussion Questions” #1. Use MS-Word to type your answers. Textbook, p. 659: Exercise 1. Use the http://globaledge.msu.edu/ Web site to locate the country comparator tool. Type your answers in MS WORD. Use the Library or Internet to conduct your research. Use EXCEL to create your graph chart. Include a list of your resources in your report. 10 CHART showing the changing closing price/share of its stock over a 3-week period. Research news about the company and economic conditions. Prepare a short report explaining how this news affected the company’s stock prices. Website sources: http://globaledge.msu.edu/ http://www.executiveplanet.com/index.php?title=Main_Page http://www.culturalsavvy.com/index.htm http://iie.com/ - The Peterson Institute for International Economics is a private, nonprofit, nonpartisan research institution devoted to the study of international economic policy. Since 1981 the Institute has provided timely, objective analysis and concrete solutions to key international economic problems. https://www.cia.gov/library/publications/the-world-factbook/index.html - provides information on the history, people, government, economy, geography, communications, transportation, military, and transnational issues for 267 world entities. http://www.unzco.com/basicguide/ - Basic guide to exporting…the US Dept. of Commerce guide on how to export. http://www.unzco.com/basicguide/c4.html - Basic guide to exporting… the US Dept. of Commerce guide on Methods/Channels for Exporting http://www.sbaonline.sba.gov/aboutsba/sbaprograms/internationaltrade/index.html - US Small Business Administration – extensive international trade information.