Expert answer:Global Economies and Markets

Expert answer:_Global Economies & Markets My assignment country USA – Developed China – Developing Kenya – Developing My Company – Furniture
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_Global Economies & Markets
My assignment country
USA – Developed
China – Developing
Kenya – Developing
My Company – Furniture
I need MS-word With reference
Part – 1 – Exploration
You are scouting new markets for your company. The company would like to move all or part of
its operations to a developing country to save resources. It is your task to evaluate the markets. You
should display the big data in a set of infographics, along with pros and cons of the possible market, and
impact on the people and culture. Infographics provide a means of showing large amounts of data and
information in a quick, easily accessible format.
1. Choose a company (current company in a developed country or your own company) and two
possible developing countries in different parts of the world where you could relocate.
1. In order to make the decision, you will want to conduct an initial investigation of several
possible locations. Focus on the:
a. Location and description of the country (if it is a large country, you can limit your
choice to a specific location)
b. Possible resources in the area, including labor and natural resources;
c. Availability of transportation for products and materials
d. Political conditions in the country
e. Culture or cultures in the country
2, Currency and Exchange Rates
Learn about exchange rates and foreign market economy by working through the Khan Academy
video tutorials. There are 9 videos in the series.
Assignment
Make the information into a table that you can easily use later for the infographics
and to make your decision.
Part – 2 – Economic Indicators
When thinking of moving into an underdeveloped or developing country with a business, you
need to have a solid understanding of all the economic issues that could have an impact on that
business. Who will your customers be? What are the economic indicators that inform you about the
feasibility of the move?
1. Complete an investigation of the economic indicators of the countries you have chosen. This
will allow you to analyze whether one is a viable location for your company.
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Economic indicators should include at a minimum:
Unemployment
Housing
consumer price index
industrial production
gross domestic product
broadband internet penetration
retail sales
availability of resources both human and natural resources
Add this to your table for use in your infographics and to help you make your decision
about new markets.
2. Investigate exchange rates and international market exchange.
Work through the Khan Academy tutorials
Part – 3
Human Impact
Many issues arise when it comes to moving employees to a new overseas business location.
There is potential for negative effects both on the employees and the people in the country if cultural
competency is not considered. Acceptable practices in an area may be strange at first for
employees. Additionally, business practices that are not considered legal or ethical in the States may be
acceptable in other areas.
1. Investigate the effect of moving employees to another country and the effect on people in the
country.
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Read Unintended Consequences
Investigate 10 Reasons to go International
Read Communicating with Strangers
2. Investigating issues of relocating to another country.
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Read Relocating a Company
Read Impacts of organizational relocation: a conceptual framework
Read A framework for assessing international labor relations
3. Investigate labor relations and issues internationally and the effect this will have on locating a
business in these areas.
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International Labor Relations

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International Child Labor and Forced Labor Reports
Assignment:
Compare the impact of relocating on the people of the developing countries
you have chosen with the impact on the people where the company is
currently located. Focus on the pros and cons of the moved based on human
impact.
Add this information to your table on the countries you have chosen.
Part – 4
Communicating with Strangers
Communication with the people of the developing country is key to business success. This
includes culturally appropriate and sensitive communication.
1. Investigate the culture of the countries you have chosen.
1. What are the major cultural groups?
2. What cultural traditions affect how businesses communicate within the culture?
3. What factors such as religion and language will impact communication?
4. What cultural factors will affect acceptance of the product message
2. Read Creating cross-culturally competent leaders for global teams, Norhayati Zakaria,
Universiti Utara Malaysia Interdisciplinary Research | Volume 3, Issue 2 – 2013
3. Read Communicating With Strangers by William Gudykunst and Young Yun Kim
Assignment:
Design an infographic that depicts the major cultural groups and issues for
each country
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