Expert answer:electronics good powerpoint presentation
Solved by verified expert:I already have the outline of the paper to be written. I need you to follow the instructions, outline and references strictly. Also add more references to the paper in addition to the ones in the outlineAttached is the instructions and outline
srinath_itm_graduate_term_paper.docx
srinath_outline_of_the_paper__electronics_goods.doc
Unformatted Attachment Preview
Graduate Term Paper – Individual Research
The objective of this paper is to research, compile reports/papers and do analysis on how to
manage your product/service internationally.
You will research, contact necessary agency, and analyze how you can get your product/service
to be exported, imported, licensed, merged, etc. in order to expand overseas. (Refer to different
strategies that we have learned) Basically, you will actually try to proceed with the international
business. (This way, you can learn what needs to be done when it comes to the time of
international business in the future.)
Each student will select only one product/service to work on. The suggested products/services
are from the list below or suggest your own (CREATIVITY IS ENCOURAGE):
a. Soybean
b. Beef
c. Men’s/Women’s Wear (Such as Leather Shoes, dress, etc)
d. Computer hardware and softwaree.
e. Furniture
f. Customer Service (Telephone help line, etc)
g. Natural resources
h. Electronic goods
i. Consulting Business
j. Fast food services, opening a franchise (McDonald, Pizza Hut, KFC,…)
k. others,……………
The length of paper, it should be between 5-8 pages (double space, following APA style format),
excluding cover page, table of contents, reference, and any appendix (if any). The contents of
this paper should include but not limited to:
a. Cover page
b. Table of Contents
c. Introduction and description of your fictitious company (Eg: Name, history, mission, goals,
values, etc) (about 1-2 pages)
d. Description of your selected product/service (about 1-2 pages)
e. Reason(s) for international expansion (use most current resources to back up your reasoning,
including cost effectiveness, etc) (about 1-2 pages)
f. Strategy to be used and why? (Include advantages and disadvantages compared to other
strategies, etc) (about 1-2 pages)
g. Process of Expanding Overseas (about 3-7 pages) – Who will be the responsible
person/department in your company? – Who to contact overseas (trading company? Alliance?
Joint Venture? – How to transport and why? (e.g., which methods, including approximate
costs,…) – Which government agency(ies) that you will need to go through? – Any government
regulations (e.g: shipping, labeling of package, etc)? – How to set the selling price and why? If you are to use a facility overseas, how are you going to manage? – What marketing and
technological tools use in promoting your product/service?
h. Conclusion (about 1-2 pages)
Please use the above items as a guideline (75% of your grade will be following the OUTLINE,
other 25% of your grade will be from any other additional information related to your
product/business). You may want to include as much information as you can to conduct an
international business. Be creative!!
Once you complete this research term paper, you will also create Presentation (not exceed 15
slides) summarizing your project. This way, other student can learn from your findings.
You will need to post the outline (general idea) at the discussion board. The Presentation also
goes at the discussion board but the Final Term Paper needs to be submitted via Gradebook…
Running head: ELECTRONICS GOODS
Electronics Goods Paper Outline
Srinath Anil Boorla
Prof. Dr.Cynthia Horta
University of Central Missouri
1
ELECTRONICS GOODS
2
Table of Contents
1.0
Introduction ………………………………………………………………………………………………………….. 3
2.0
Product Description ………………………………………………………………………………………………. 3
3.0
Reason(s) for international expansion ……………………………………………………………………… 3
4.0
Strategy to be used ………………………………………………………………………………………………… 4
5.0
Process of Expanding Overseas ………………………………………………………………………………. 4
5.1
Management ……………………………………………………………………………………………………… 4
5.2
Shipment of Products …………………………………………………………………………………………. 5
5.3
Regulations ……………………………………………………………………………………………………….. 5
5.4
Pricing ……………………………………………………………………………………………………………… 5
5.5
Marketing and Technology Tool ………………………………………………………………………….. 5
6.0
Conclusion …………………………………………………………………………………………………………… 5
7.0
References ……………………………………………………………………………………………………………. 6
ELECTRONICS GOODS
3
1.0 Introduction
Electronics goods are always in an increasing demand due to their importance, increased
affordability, and the need to adopt the latest technology by consumers. This paper focuses on
the Millennia Technologies Inc. (fictional company), that deals with a broad line of consumer
electronic goods in the United States. The company has been in operation for the last 10 years
and its name is attributed to the technological demands and trends witnessed since the beginning
of the new millennium. It started with the manufacture and sale of audio systems and has
improved to include more products ranging from music and video systems, refrigeration
equipment, and other kitchen appliances. It mission is to see every customer satisfied. It operates
with the goal of becoming the global leader in the industry. Its values are based on producing
quality products, maintaining a strong organizational culture, and being consistent on
uniqueness.
2.0 Product Description
The company produces a range of products. They include music equipment like audio
systems, string music instruments, pianos, and drums. Its video products include Television sets,
CD/DVD players, and projectors for commercial and learning purposes, 3D display headsets.
The kitchen and home appliances include cookers, refrigerators, ovens, and microwaves among
others (McDermott, 2007). Each of the products is customized to suit different classes of
customers and niches.
3.0 Reasons for international expansion
The company wants to go global. According to the management, consumer electronic goods
are not unique to a particular country or region and thus expanding globally would provide the
ELECTRONICS GOODS
4
company with the chance to reach out to a wider group of customer (Chief Executive Group,
2012). The needs of customers would differ as it expands internationally, which would enhance
its basis for creativity. Again, expanding internationally would increase the company sales and
profitability. Another remarkable reason for this move is to benefit from better business
regulations and cheaper labor in other regions than in the United States.
4.0 Strategy to be used
A franchising strategy would be used to expand internationally. The main reason for this
strategy is to enhance the independence of all branches in foreign countries. It would be easier
for each outlet to adapt to the local regulations, culture, and economy without much interference
of the home office. The main disadvantage would be the possibility of closure incase the local
management fail to adapt to the foreign business climate accordingly. Franchising is also more
expensive than other strategies like starting a chain or strategic alliance (Community Futures
Stuart Nechako, 2014).
5.0 Process of Expanding Overseas
The expansion process would be strategic and systematic. The expansion will first target
economies similar to that of the US, which means the expansion with first target developed
countries in Europe, then Asia, and later Africa.
5.1 Management
I will be responsible overall but the Manager of International Business and Strategy would
oversee the expansion. Each franchise would have a manager, preferably from the local region in
which the outlet is situated.
ELECTRONICS GOODS
5
5.2 Shipment of Products
Products would be shipped by sea to new outlets from established firms until production is fully
ensured in each franchise.
5.3 Regulations
Shipment of finished products would have to comply with the local duty and tax regulations. All
processes will comply with local laws and policies including accounting processes, tax returns,
and labor laws.
5.4 Pricing
Setting prices would depend on various factors. Such factors include production costs,
price of other competitors, and customization of products to specific customers.
5.5 Marketing and Technology Tool
To market the products, intensive marketing will be done. Marketing would include various
medial platforms including social media networks, promotions, endorsements, Google Ads, and
TV/Radio channels (Ongori & Migiro, 2010).
6.0 Conclusion
Millennia Technologies Inc. is an already established company and expanding internationally
is the best decision to make so far. Although there are various challenges including cultural,
legal, economic, and social issues that are likely to face the company, the most suitable strategy
could minimize the severity of the projected challenges.
ELECTRONICS GOODS
6
7.0 References
Chief Executive Group. (2012, April 16). 4 Real Benefits from International Expansion.
Retrieved September 18, 2017, from Chief Executive: http://chiefexecutive.net/4-realbenefits-from-international-expansion__trashed/
Community Futures Stuart Nechako. (2014, June 11). Business expansion: Expansion strategies.
Retrieved September 18, 2017, from Community Futures: http://www.cfsn.ca/business/business_expansion/expansion.php
McDermott, C. (2007, October 30). Design: The Key Concepts. Routledge. p. 234. Retrieved
September 18, 2017, from Google Book:
https://books.google.co.ke/books?id=kUTS0n69o5EC&pg=PA234&redir_esc=y#v=onep
age&q&f=false
Ongori, H., & Migiro, S. (2010). Information and Communication technology adoption: a
literature review. Journal of Chinese Entrepreneurship, 2 (1), 93-104.
Yuan, E., Feng, M., & Danowski, J. (2013). ‘‘Privacy’ in Semantic Networks on Chinese Social
Media: The Case of Sina Weibo. Journal of Communication, 1-21.
…
Purchase answer to see full
attachment
How it works
- Paste your instructions in the instructions box. You can also attach an instructions file
- Select the writer category, deadline, education level and review the instructions
- Make a payment for the order to be assignment to a writer
- Download the paper after the writer uploads it
Will the writer plagiarize my essay?
You will get a plagiarism-free paper and you can get an originality report upon request.
Is this service safe?
All the personal information is confidential and we have 100% safe payment methods. We also guarantee good grades