Forecasting Staff Needs for Carrefour and Tesco Nelson Romer.docx

Forecasting Staff Needs for Carrefour and Tesco
Nelson Romero
Florida Southwestern state college
Michael engdahl
Mar3232
Importance of Forecasting Staff Needs
Remaining competitive in the retail sector is an important and
difficult endeavor.
Progressive retailers are always seeking ways within their
enterprises where they can reduce costs and increase sales.
Retailers like Carrefour and Tesco have to ensure they have the
optimal staff levels.
The optimal staff level ensures they maximize sales
(Rothaermel, 2015).
Achieving the optimal staff levels needs highly accurate
forecasts.
Remaining competitive in the retail sector is an important and
difficult endeavor. To that extent, progressive retailers are
always seeking ways within their enterprises where they can
reduce costs and increase sales (Rothaermel, 2015). Retailers
like Carrefour and Tesco have to ensure they have the optimal
staff levels. The optimal staff level ensures they maximize
sales. Achieving the optimal staff levels needs highly accurate
forecasts.
2

Staffing Tools
Most methods available today do not consider the discrete
challenges faced by Carrefour and Tesco in managing their
workforce.
The tools do not provide the needed store visibility that
facilitates optimization for Carrefour and Tesco.
Carrefour and Tesco can overcome the shortcoming of
forecasting by using comprehensive and advanced solutions.
The comprehensive and advanced solutions account for each
variable impacting labor demand, like employee needs, labor
rules, and historical traffic (Rothaermel, 2015)..
Most methods available today do not consider the discrete
challenges faced by Carrefour and Tesco in managing their
workforce. More importantly, the tools do not provide the
needed store visibility that facilitates optimization for Carrefour
and Tesco. Carrefour and Tesco can overcome the shortcoming
of forecasting by using comprehensive and advanced solutions.
The comprehensive and advanced solutions account for each
variable impacting labor demand, like employee needs, labor
rules, and historical traffic (Rothaermel, 2015).
3
Key Customer Demand Indicators
It is important that Carrefour and Tesco comprehend crucial
consumer demand indicators, like store traffic, item sale
amounts, and number of units sold.
The behavior of key customer indicators should be observed in
the short run and long run (Rothaermel, 2015)..
Short term demand forecasts are utilized plan and deploy store
operation each day.
Long-term forecasts are critical for strategic planning.

It is important that Carrefour and Tesco comprehend crucial
consumer demand indicators, like store traffic, item sale
amounts, and number of units sold. The behavior of key
customer indicators should be observed in the short run and
long run (Rothaermel, 2015). . Short term demand forecasts are
utilized plan and deploy store operation each day, while long-
term forecasts are critical for strategic planning.
4
Optimized Mathematical Forecasting
Carrefour and Tesco need a scientific and methodical method
for both short-and long-term forecasts.
The scientific and methodical method can examine the key
customer demand indicators.
Carrefour and Tesco can use optimized mathematical
forecasting to illustrate customer demand for staff planning.
(Rothaermel, 2015).
Optimized mathematical forecasting uses intricate, multi-
variable mathematical examination of historical demand to
predict future staffing needs.
Carrefour and Tesco need a scientific and methodical method
for both short-and long-term forecasts. The scientific and
methodical method can examine the key customer demand
indicators. Carrefour and Tesco can use optimized mathematical
forecasting to illustrate customer demand for staff planning
(Rothaermel, 2015). Optimized mathematical forecasting uses
intricate, multi-variable mathematical examination of historical
demand to predict future staffing needs.

5
References
Rothaermel, T. (2015)Strategic management. New York, NY:
McGraw-Hill.
Presenter’s Name
Country
Name
Country Analysis
Consider adding a
few photos to grab
the attention of the
audience!
This guide is a suggested approach for
proficiently meeting the final project rubric
requirements. Your country may require
additional depth in any particular area to
reach exemplary rubric scoring.
Introduction: Country Name
From Module One Discussion
(Included in Checkpoint One)
Rationale

Share the reasoning you have for choosing this country and
provide examples to emphasize
Location and Geography
Use The World Factbook and World Atlas to identify
geographic characteristics for this section.
• Regional Location
• Water access
• Bordering countries
• Natural Hazards or Climate
(National Geographic, 2015)
Include a map(s) to illustrate
the location and terrain
Remember: Always include an APA 6 ‘in-text’ resource
citation for each idea, fact or graphic. The format is:
(Author Last Name(s), Year Published).
(Author(s), Year)
https://www.cia.gov/library/publications/the-world-factbook/
http://www.worldatlas.com/
Sociocultural Environment
From Module One Discussion
(Included in Checkpoint One)
Country Composition

Use The World Factbook to identify elements of country
composition.
• Literacy Rate
• Rate of Urbanization
• Heavily Populated Cities
• Major Religions
• Educational Data
• Age Structure
25.50%
16.80%
42.90%
8.10%
6.70%
AGE STRUC TUR E
0-14 15-24 25-54 55-64 65+
Consider a chart
or graphic to
illustrate your
most important
data set
(Author(s), Year) Citation for each resource used

From Module Two Discussion (Included in Checkpoint One)
Values and Communication
• Use The Hofstede’s Centre or The Seven Dimensions of
Culture to identify elements of culture
relevant to the chosen foreign country compared to the United
States
• Use The World Factbook to identify specific languages spoken
in the country
• Use Commisceo Global Culture Guides to assess non-verbal
communication
Business Etiquette
Use Commisceo Global Culture Guides to identify Five rules of
business etiquette. Consider
greetings, gift giving, punctuality, business attire, meeting
details.
https://www.hofstede-insights.com/product/compare-countries/
http://www.mindtools.com/pages/article/seven-dimensions.htm
http://www.commisceo-global.com/country-guides
http://www.commisceo-global.com/country-guides

Sociocultural Environment: Observation Deck
Based on Discussions from Module One & Two (Included in
Checkpoint One)
Based on the previous sociocultural research, what observations
can you make
regarding business? Consider the following:
• Marketing
• Employment and Labor Force
• Product Demand
• Managerial Approach
• Rules to Business Etiquette
Explain your research. What are
the most relevant opportunities
and risks a US executive should
consider before deciding if or how
their firm is going to do business
in your foreign country? Why are
these factors important?
Political - Legal Environment
From Module Three Discussion (Included in Checkpoint One)
Government and Ideologies
Use The World Factbook and current news reports to identify
the political situation in the country chosen. Identify the

following elements:
• Government Type
• Political Leaders and their ideologies
• Political Pressure Groups
• Recent Changes in Governing Rule
Corruption
Use Transparency International and other resources to identify
3 measures of corruption and explain their impact. Consider
the following elements:
• Corruption Perception Index
• Enforcement
• Bribery measures
Are your slides becoming cluttered?
PowerPoint allows for additional detail
and explanation to be recorded in the
Speaker’s Notes Section of each slide.
Learn more about using them here!
http://www.ucdenver.edu/academics/InternationalPrograms/CIB
ER/GlobalResources/Pages/BusinessNewsbyCountry.aspx
http://www.transparency.org/research/

https://support.office.com/en-us/article/Add-speaker-notes-to-
your-slides-26985155-35f5-45ba-812b-e1bd3c48928e?ui=en-
US&rs=en-US&ad=US
Political - Legal Environment
From the Module Four Discussion
(Included in Checkpoint Two)
Trade Regulations and Legal Considerations
Identify FOUR measures of government influences on trade and
employment
• Use Wage Indicator to identify various employment laws in
the country. These might include minimum
wages, medical leave, holidays, discrimination laws, etc. You
made need to use the translation service
through Google Chrome when accessing various sites.
• Use Sales Tax Rates to identify sales tax and rates for a
country.
• Use Treasury.gov Sanctions Programs List to identify various
sanctions influencing business in the country
• Use various government websites to learn more about tariffs,
labeling, restricted items, and other barriers to
trade. Consider using the U.S. Trade Representative resource to
identify trade regulations
http://www.wageindicator.org/main/labour-laws/labour-law-
around-the-world
https://www.ey.com/gl/en/services/tax/worldwide-vat--gst-and-

sales-tax-guide---rates
http://www.treasury.gov/resource-
center/sanctions/Programs/Pages/Programs.aspx
https://ustr.gov/countries-regions
Political - Legal Environment: Observation Deck
Based on Discussions from Module Three & Four
Based on the previous political –legal environment research,
what observations can
you make regarding business? Identify political and legal risks
and opportunities.
Consider the following:
• Safety Concerns
• Additional Costs
• Specific Industry Barriers
• High Corruption Rates
• Risky Political Ideologies In Government
Explain your research. What
are the most relevant
opportunities and risks a US
executive should consider
before deciding if or how their
firm is going to do business in
your foreign country? Why
are these factors important?

Economic - Infrastructural Environment
Economic Measures – From Module Five Discussion
Use The World Factbook , World Bank, Trading Economics,
and International Trade Centre to find the following
economic data:
• Interest Rates
• Unemployment
• Inflation
• Income Growth
• Exchange Rates
• Exchange Rate
Regime (pp.336-337
course text)
• GDP
• Labor Force
• Major Industries
• FDI Rates
Trade – From Module Six Discussion (not included in
Checkpoint
Two, but incorporated into Final Project)
Use the WTO –RTA website to identify the following

elements of trade:
• Major Trading Partners
• Major Imports/Exports
• Regional Trade Agreements &
Member Countries
Consider organizing
information in chart
format. Ensure font
size is legible to
reader.
(Author(s), Year) Citation for each resource used (Author(s),
Year) Citation for each resource used
http://data.worldbank.org/
http://www.tradingeconomics.com/
http://www.intracen.org/itc/market-info-tools/statistics-inward-
country-industry/
https://www.wto.org/english/tratop_e/region_e/rta_participation
_map_e.htm
Economic - Infrastructural Environment
From Module Five Discussion
Use The World Factbook and other resources to identify the
following:
• Major Airports/Seaports

• Railway Stations (Research Government websites for more
detail)
• Internet Users
• Mobile Providers – Use TxtNation to identify Mobile
Operators by country
• Logistics Performance Index Rating - Use the World Bank –
Logistics Performance Index to identify the LPI
rating
http://www.worldaerodata.com/countries/
http://www.worldportsource.com/countries.php
https://clients.txtnation.com/entries/301118-All-Countries-List-
Of-Mobile-Operators-By-Country-slow-loading-
http://lpi.worldbank.org/international/global
http://www.mapsofworld.com/international-airports/
Economic - Infrastructural Environment:
Observation Deck
Based on Discussions from Modules Five and Six
(Not included in Checkpoint Two, but incorporated into Final
Project)
Based on the previous Economic and Infrastructural research,
what observations
can you make regarding business? Consider the following:
• Ease of Distribution

• Economic Growth
• Telecommunication Barriers
Explain your research. What
are the most relevant
opportunities and risks a US
executive should consider
before deciding if or how their
firm is going to do business in
your foreign country? Why are
these factors important?
Final Recommendations
Market Entry Strategies Based on concepts covered in Module
Seven (Not included in
Checkpoints, but incorporated into the Final Project)
Make a final recommendation based on the risks and
opportunities you identified as to whether a US
company should enter the foreign market and to what degree
(indirect and/or direct entry levels and what
modes would be suitable at the suggested level).
Outline market entry mode options for this country. Riskier
regions might need a less risky entry mode,
while regions full of opportunities and minimal risks, could use
a risky approach. Refer to Chapters 14 &
15 of the course text for more information on Modes of Entry.
Consider imports/exports, Acquisition,
Greenfield Investments, Licensing, Franchising, Turnkey
Operations and Joint Ventures.
Cultural Awareness Based on concepts covered in Module Two

(Not included in Checkpoints,
but incorporated into the Final Project)
Apply elements of culture identified in this report that should
be addressed when entering this country.
What considerations should be made for marketing,
employment, and business interactions? Refer to
Chapter 2 of the course text for more information on Cultural
Environments.
References
All resources should be cited using APA version 6 format. That
means your ‘in-text’
citation markers should be placed on every slide for each of the
resources you
utilized. The citation markers should look like: (Author last
name(s), Year published).
On this slide you will provide the full details of each reference
used for the viewer
to research themselves.
For more information on proper citation methods using APA 6
format, consider:
Shapiro Library
Purdue Online Writing Lab
http://libguides.snhu.edu/apa
https://owl.english.purdue.edu/owl/resource/560/01/

Presenter’s Name
Country Name
Country Analysis
1
Rationale
Insert Map Here
2
Country Composition
3
Business Etiquette

4
Business Observations
5
Political-Legal Environment
Corruption
6
7
Political-Legal Environment: Observation Deck

8
Economic Measures
Trade
Economic-Infrastructural Environment
9
10
Economic-Infrastructural Environment: Observation Deck
11
Market Entry Strategies
Cultural Awareness

12
References
13
INT 113 Final Project Guidelines and Rubric
Overview
The final project for this course is the creation of a country
analysis PowerPoint presentation that will answer the following
prompt: What country-specific
information is important in the consideration of market entry?
How do cultural differences impact business communication and
decisions?
Your assessment for this course will require you to place
yourself in the role of an international business professional.
Imagine you work for an organization that
has decided it wants to enter a foreign market, but has not
settled on the region or country. Your boss has received the
directive to research some countries for
market entry and, in turn, has asked you to select a country and
perform a country analysis for market entry. Your boss expects
you to present your research and
general recommendations for market entry.

Keeping this scenario in mind, select a country other than the
United States for your research. When selecting a country,
consider the following:
tries would you like to visit?
Once you have selected your country, you will begin your
research on the relevant forces—including cultural, political,
and economic—that could impact business
operations and decisions. You will then determine your final
recommendations, communicating all in a PowerPoint
presentation. The research will be
communicated in presentation format, giving you the
opportunity to practice business communication skills.
Checkpoint submissions will be posted within Modules Three
and Six, which will allow the opportunity for you to upload
your project-in-progress for a
participation score. You should follow the Final Project Guide
and use research incorporated into the weekly discussions to
complete the checkpoints. Project
elements will be covered in the weekly discussions to scaffold
learning and ensure quality final submissions. Your
comprehensive final PowerPoint presentation
will be submitted in Module Seven.
In this assignment, you will demonstrate your mastery of the
following course outcomes:

international market conditions
ey apply to and
inform market analyses and business communication
practices applicable to global organizations in preparation for
market entry
ade for informing
international business opportunities and determining risks
Prompt
Your country analysis should answer the following prompt:
What country-specific information is important in the
consideration of market entry? How do cultural
differences impact business communication and decisions?
Specifically, the following critical elements must be addressed
in consideration of your country of choice:
I. Introduction and Country Choice
A. Rationale: Select your country and share why you chose your
specific country for further analysis.
B. Location: In what region is your country located? Is the
country landlocked or does it have water access? Describe the
geography of the region

and include a map for visual impact.
II. Macroenvironment: Address the following with respect to
your chosen country.
A. Sociocultural Environment
i. Country Composition: What are elements of country
composition that impact business decisions? Consider literacy
rates, urbanization
rates, heavily populated cities, age structure, major religions,
and educational data.
ii. Values and Communication: How do cultural values shape
communication and behaviors? Highlight cultural norms that
align with
Hofstede’s and/or Trompenaars’s cultural dimension models.
Outline major languages and nonverbal communication. For
example, you
could include nonverbal cues, physical contact, and body
language.
iii. Business Etiquette: What are some behaviors in business
that are driven by culture? Highlight five rules of business
etiquette that are
pertinent in the region. For example, consider gift giving and
greetings.
iv. Observation Deck: In what ways do sociocultural elements
apply to business practices and market entry? For example,
highlight cultural
issues that impact marketing or consider the following areas:
employment, consumer demand, managerial approach, and
business
etiquette.

B. Political–Legal Environment
i. Government and Ideologies: Who is the ruling political party
and leader? Has there been a recent change in ruling parties?
Does a large
opposition group exist?
ii. Corruption: How do unethical practices impact business?
What are three measures of corruption that characterize risks in
the market?
Explain your findings.
iii. Trade Regulations and Legal Considerations: What are four
measures of government influence on trade and employment?
Consider
sanctions, tariffs, labeling requirements, restricted items, or
other barriers to trade, minimum wage rates, employment-
discrimination
laws, or environmental regulations.
iv. Observation Deck: How would a company apply political
and legal information to market-entry decisions and business
practices? Make
an observation regarding political and legal risks or
opportunities. For example, consider safety risks, additional
costs, industry barriers,
high corruption rates, risky ideologies, and so on.
C. Economic-Infrastructural Environment
i. Economic Measures: What are some economic measures and
development data that impact business? Include data on interest
rates,

unemployment, inflation, GDP growth rate, exchange rates
against the USD, exchange rate regime, GDP, labor force, major
industries,
and FDI rates.
ii. Trade: Describe the important aspects of trade in your
country of choice. Specifically, answer the following questions:
a. Trade partners: Who are the most significant trading
partners? What percentage of trade do they fulfill?
b. Imports: What are major imports to the region?
c. Exports: What are major exports to the region?
d. Trade agreements: What are some important regional trade
agreements (RTA) impacting the country? Who are the members
of the
agreement?
iii. Transportation and Telecommunication: How does
infrastructure impact trade? Identify major airports, seaports,
railway stations,
internet users, mobile providers, and the Logistics Performance
Index rating.
iv. Observation Deck: What economic and infrastructural
elements apply to multinational business practices and market
entry? For
example, consider ease of distribution, economic growth, and
telecommunication barriers.
III. Final Recommendations
A. Market Entry Strategies: Based on the research findings and
your knowledge of market entry strategies gained in this course,
which market
entry strategy is most attractive? Considering the risks, should

the company enter this market?
B. Cultural Awareness: What specific cultural considerations
should be addressed if the company were to enter this market?
Checkpoints
Checkpoint Submission One
In Module Three, you will submit your project-in-progress. Use
the work completed in Modules One through Three discussions
and transfer your work into the
Presentation Template document. This will cover the following
critical elements of the final project: Rationale, Location,
Country Composition, Values and
Communication, Business Etiquette, Sociocultural Environment
Observation Deck, Government Ideologies, and Corruption.
This checkpoint submission is for
participation credit only.
Checkpoint Submission Two
In Module Six, you will submit your project-in-progress. Use
the work completed in Modules Four and Five discussions and
transfer your work into the
Presentation Template document. This will cover the following
critical elements of the final project: Trade Regulations and
Legal Considerations, Political-Legal
Environment Observation Deck, Economic Measures,
Transportation, and Telecommunication. This checkpoint
submission is for participation credit only.
Final Submission: Country Analysis Presentation
In Module Seven, you will submit your country analysis
PowerPoint presentation. It will include cultural, political, and
economic research that may impact
business operations and decisions. You will determine your
final recommendations, communicating all in your PowerPoint
presentation. The research will be

communicated in presentation format, giving you the
opportunity to practice business communication skills. It should
be a complete, polished artifact containing
all of the critical elements of the final product. It should reflect
the incorporation of feedback gained throughout the course.
Your final submission will be graded
using the Final Project Rubric.
Final Project Rubric
Guidelines for Submission: Your PowerPoint presentation
should be approximately 11 to 15 slides—not including the title
slide and reference slide—with all
references in the most recently published APA format.
Critical Elements Exemplary (100%) Proficient (85%) Needs
Improvement (55%) Not Evident (0%) Value
Introduction:
Rationale
Meets “Proficient” criteria and
rationale is exceptionally well
detailed or includes examples
to emphasize rationale
Provides detailed rationale for
country choice
Rationale is present but is
unclear and/or includes few

details
Does not provide rationale for
country choice
3.04
Introduction:
Location
is exceptionally detailed or
informative
Accurately illustrates the
location and geography of the
chosen country with a map for
visual impact
Illustrates the location and
geography of the selected
country with a map but with
gaps in accuracy
Does not illustrate the location
and geography of the selected
country with a map
4.6
Sociocultural
Environment:
Country
Composition

includes substantive details to
illustrate country composition
Accurately identifies elements
of country composition,
including literacy rates,
urbanization rates, heavily
populated cities, age structure,
major religions, and educational
data
Identifies elements of country
composition but information is
limited or inaccurate
Does not identify elements of
country composition
4.6
Sociocultural
Environment: Values
and Communication
includes examples to support
the analysis
Analyzes cultural norms of the
country that correspond to
Hofstede’s and/or
Trompenaars’s models and

describes the cultural values
that shape communication,
including major languages and
non-verbal communication
Analyzes cultural norms of the
country that correspond to
Hofstede’s and/or
Trompenaars’s models and
describes the cultural values
that shape communication but
analysis includes gaps in details
Does not analyze cultural norms
and values of the country
7.66
Sociocultural
Environment:
Business Etiquette
description is supported by
examples
Describes five rules of business
etiquette pertinent to the
region
Describes five rules of business
etiquette pertinent to the
region but with gaps in accuracy
or key information

Does not describe five rules of
business etiquette pertinent to
the region
7.66
Sociocultural
Environment:
Observation Deck
shows keen insight into
applying sociocultural elements
to business practices of the
chosen country
Applies sociocultural research
to business practices in the
chosen country
Applies sociocultural research
to business practices in the
chosen country but with gaps in
appropriateness or detail
Does not apply sociocultural
research to business practices
in the chosen country
5.75

Political-Legal
Environment:
Government and
Ideologies
explanation is supported as
necessary with sources or
examples
Explains governing parties and
political ideologies in the
country, including research on
political leaders, opposition
groups, and any recent changes
to leadership
Explains governing parties and
political ideologies in the
country but misses key
information or is inaccurate
Does not explain governing
parties and political ideologies
7.66
Political-Legal
Environment:
Corruption

provides examples to
contextualize explanation
Accurately explains three
corruption measurements
Explains corruption
measurements, but with gaps in
detail or accuracy
Does not explain corruption
measurements
4.6
Political-Legal
Environment: Trade
and Legal
including examples to highlight
accuracy of explanations
Explains four elements of
government influence on trade
and employment
Explains four elements of
government influence on trade
and employment, but with gaps
in detail
Does not explain four elements

of government influence on
trade and employment
7.66
Political-Legal
Environment:
Observation Deck
shows keen insight in
identifying risk and opportunity,
based on political and legal
research
Applies political and legal
research to business practices,
identifying risks and
opportunities
Applies political and legal
research to business practices,
identifying risks and
opportunities, but with gaps in
details or accuracy
Does not apply political and
legal research to business
practices
5.75
Economic: Economic
Measures

description shows insight into
economic measures
Describes economic measures
of the country, including
interest rates, unemployment,
inflation, GDP growth rate,
exchange rates, exchange rate
regime, GDP, labor force, major
industries, and FDI rates
Describes economic measures
of the country but with gaps in
detail
Does not describe economic
measures of the country
4.6
Economic: Trade
provides examples to support
the description
Describes aspects of trade in
the country, including major
trading partners, list of
imports/exports, and details of
RTAs and member countries

Describes aspects of trade in
the country but with gaps in
details
Does not describe aspects of
trade in the country
7.66
Economic:
Transportation and
Telecommunication
supports description with
examples or illustrations
Describes infrastructural
elements that impact trade,
including major
airports/seaports/train stations,
internet users, mobile
providers, and a Logistics
Performance Index rating
Describes infrastructural
elements that impact trade but
with gaps in detail or relevancy
Does not describe
infrastructural elements that
impact trade

4.6
Economic:
Observation Deck
provides examples to support
the accuracy of application
Applies economic and
infrastructural research
elements to business practices
and market entry
Applies economic and
and market entry, but with gaps
in detail
Does not apply economic and
and market entry
5.75
Final
Recommendations:
Market Entry
Strategies

recommendation is
substantiated with research,
examples, or substantive detail
to show keen insight into
market entry
Provides logical, applicable
market entry recommendation
based on previous research
Provides market entry
recommendation but lacks logic
or applicability based on
previous research
Does not provide market entry
recommendation based on
previous research
5.75
Final
Recommendations:
Cultural Awareness
elements described
demonstrate keen cultural
awareness regarding market
entry in the country of choice
Describes reasonable and
relevant elements of culture
that should be addressed during

market entry
Describes elements of culture
that should be addressed during
market entry but with gaps in
reason or relevancy
Does not describe elements of
culture that should be
addressed during market entry
7.66
Articulation of
Response
Submission is free of errors
related to citations, grammar,
spelling, syntax, and
organization and is presented in
a professional and easy-to-read
format
Submission has no major errors
spelling, syntax, or organization
Submission has major errors
that negatively impact
readability and articulation of
main ideas
Submission has critical errors

that prevent understanding of
ideas
5
Total 100%
Presenter’s Name
Country Name
Country Analysis
1
Rationale
Insert Map Here
2
Country Composition

3
Business Etiquette
4
5
Corruption
6

7
8
Economic Measures
Trade
9
10

11
Cultural Awareness
12
References
13
6-1 Checkpoint Submission Two
Assignment
Use the work completed in Modules Four and Five discussions
and transfer into your existing Presentation Template from
Checkpoint Submission One in Module Three. This will cover
the following critical elements of the final project: Trade
Regulations and Legal Considerations, Political-Legal
Environment Observation Deck, Economic Measures,
Transportation, and Telecommunication.
Submit the presentation for participation credit and instructor
guidance to assist you in completing your final project, which is
due in Module Seven. Use the Final Project Guide to assist you
in the development of this presentation.

For additional details, please refer to the following documents:
· Final Project Guidelines and Rubric
· Final Project Presentation Template
· Final Project Guide
Discussion 4
Measures of Government Influence on Trade and Employment
Employment law (Mywage.org/Jamaica, 2019)
· The current minimum wage in Jamaica took effect on Aug 01,
2018
· All workers, except security guards, receive 7,000 Jamaican
dollars per week
· Private security guards receive at least 9,700 Jamaican dollars
per week
· Female workers are entitled to 12 weeks of maternity leave;
with possible extension for another two weeks - Maternity
Leave Act
Sales Tax ((Duty Calculator, 2019)
· VAT (sales tax): 33.3%
Trade Policies (Ministry of Foreign Affairs and Foreign Trade,
2019)
· The ministry makes regular reviews on the overall national
development objectives, economic trends, and tariffs
· Import duties on some agricultural products, including
vegetables, chicken, and consumer goods
· Export subsidies based on specific or ad valorem basis ranging
from 5-15 percent on most agricultural and dairy products
· High protection of a domestic import-competing industry
· Increasing government to liberalize the investment and trade
since the early 2000s
· Institutional and legislative reforms to facilitate enhanced
transparency and market-opening initiatives

· Stagnation of per capita income characterized by slow growth
due to high public debt
· The government should improve the predictability of reforms
for investors through increasing the multilateral commitments
References
Ministry of Foreign Affairs and Foreign Trade (2019). Ministry
of Foreign Affairs and Foreign Trade,
Jamaica. https://mfaft.gov.jm/jm2/
Mywage.org/Jamaica (2019) https://wageindicator.org/labour-
laws/labour-law-around-the-world
Discussion 5
China Brown posted Oct 2, 2019 4:52 PM
Subscribed
This page automatically marks posts as read as you scroll.
Adjust automatic marking as read setting
Interest rates
0.05%
Unemployment
7.8%
Inflation
4.1%
GDP
15.72 billion US dollars in 2018
GDP growth rate
0.7% (2017 est.)
Exchange rates against USD
Jamaican dollars (JMD) per US dollar -
128.36 (2017 est.)
Exchange rate regime
Floating (2018)
Labor force major industries

Agriculture: 16.1%
Industry: 16%
Services: 67.9% (2017)
FDI rates in jamaica
FDI increased by 197.10 USD Million in the first quarter of
2019
Major airports and seaports
Major airports: Norman Manley International (KIN) in
Kingston, Donald Sangster International airport (MBJ) in
Montego Bay, Tinson Pen Aerodrome in Kingston, Negril
Aerodrome-of course in Negril, Boscobel Aerodrome in Ocho
Rios, and the Ken Jones Aerodrome in Port Antonio.
Major seaport(s): Discovery Bay (Port Rhoades), Kingston,
Montego Bay, Port Antonio, Port Esquivel, Port Kaiser, Rocky
Point
Railway stations (government websites)
Illustrated in the figure below
Internet users
1,336,653
45% percent of the population (July 2016 est.)
Mobile providers
Claro (América Móvil) and Digicel (Digicel Group)
Logistics performance index rating
2.52
The nation has a high unemployment rate of 7.8 percent, which
signifies low levels of economic activity and progress that
result in reduced per capita GDP (Central America: Jamaica -
The World Factbook. n.d.). The floating exchange rate could be

beneficial for the nation because it would promote a stable
balance of payments and eliminate the restriction occurring with
foreign exchange and capital flows. It would also remove the
necessity of maintaining vast foreign currency reserves, which
would protect the nation against imported inflation. However,
this regime could expose the country to high levels of exchange
rate volatility and reduced currency control, which would
inhibit economic growth and recovery. The industrial sectors of
manufacturing and services present numerous opportunities
because of the strategic location of the nation and reliable
transport networks. Transportation issues in the country are
minimal because of multiple road and railway networks as well
as the accessibility of major airports and seaports.
References
Central America: Jamaica - The World Factbook. (n.d.).
Retrieved from https://www.cia.gov/library/publications/the-
world-factbook/geos/jm.html
Jamaica GDP | 2019 | Data | Chart | Calendar | Forecast | News.
(2019, October 1). Retrieved from
https://tradingeconomics.com/jamaica/gdp
China Brown
Jamaica
Country Analysis
1
Introduction: Jamaica
Rationale

The selection of the states is predetermined by Hofstede’s
findings on the culture in Jamaica.
The culture of this state is characterized by masculinity,
individualism, uncertainty avoidance, and power
distance(Hofstede Insights,2019).
Its cultural diversity forms a better background for the analysis
The country is not landlocked.
It is an island in the Caribbean sea estimated to be 10990km2.
Its topography is characterized by mountains.
It is capital city is Kinston.
Insert Map Here
Being a country with diverse culture, it provides a better
platform for critic as they cultures interact in business
operations. It an island therefore not vast, its limited area
provides a better ground for interaction of all parties. Thriving
in this country is based on the natural selection laws.
2
Country Composition
The country heavily relies on the provision of services rather
than the exchange of goods.
Foreign exchange is mostly obtained from remittances tourism.
The literacy of the state is at 88.1% in adults.
More than half of the population lives in urban centers, thereby
providing a ready market for goods and a ready supply of labor
for industries.
The cities are therefore densely populated as most people live in
the urban centers. It is a state that is cultural attractive thereby
attracting more tourists. Selling of services is categorized as the

one of the major selling item in the state.
3
Rules are leniently followed as associations are the most
preferredThey communicate what they think as the country has
low Uncertainty Avoidance (Commisceo Global, 2019).
Formal communication is prevalent in horizontal
communication
Relationship building is gradual
Business Etiquette
businesses work with scheduled appointments in advance for
punctuality.
They hate high-pressure sales tactics
Business hierarchy is maintained where the senior makes
decisions(Commisceo Global,2019).
4
The way of life affects business operations in the following
methods.
Formal communication is applicable in business in horizontal
communication.
The citizens hate bargaining tactics associated with high
pressure.
Since familiarity is not approved with the first greetings
relationship in business is also develops gradually
Punctuality is ensured as companies operate on appointments.
Business hierarchy is maintained when the seniors make

decisions.
5
The ruling party is Jamaica Labor Party. Its is led by Prime
Minister Andrew Holness, who is the current leader.
The opposition is strongly emanating from the PNP whose
leader is Dr. David Phillips.
There have been no recent changes in the ruling reign
Corruption
The country is ranked 70/180 in terms of CPI with a score
44/100.
More persons are engaging in corruption, especially in public
offices. This is a negative attribute that may drive investors
away as according to Transparency International, there is an
increase in cases of corruption in the country(Transparency
International, 2019).
6
Being a member of CARICOM, some items are subjected to
Common External Tariffs.
Foreign workers have challenges obtaining work permits.
The high cost of electricity impacts businesses negatively.
There are phytosanitary and sanitary restrictions regardless of
trade liberalization in the state.

7
The information provided may be useful to an organization in
the following ways.
Information regarding trade restriction may help an investor
identify goods allowed.
The high cost of electricity in the country may act as a business
gap.
Countries that are members of CARICOM enjoy free duty,
thereby attracting other countries to invest.
The increase in the rate of corruption is a warning to investors
who are against the vice.
8
Economic Measures
The GDP growth as was at 1.7%. The inflation rate was at 3.4%
as at 2017.
The unemployment rate as at 2013 was at 9.6%
More than 75% of the population is living above the poverty
line
Trade
The main export partners are USA contributing 40.8%
Canada, Netherlands, the United Kingdom each contributing
less than 15%
The main import partners include US, Trinidad, China, Japan,
Brazil with the main export item being bauxite beverages,
chemicals
The main items of import include food, industrial supplies
machinery.

Agreements made on CARICOM and CET dominate the
exchange of items.
NFTA has also made investments possible
9
Investments in information communication technology have
boosted investments in the country as communication has been
aided. Cellular mobiles, fixed lines, and other technologies are
used.
The country has invested a lot in constructions of roads that
make it easy for the transportation of industrial good.
Security is not a concern in the area making it suitable for
investments.
10
The country is ranked 70th in terms of ease of doing business.
There are fewer telecommunication barriers thereby promoting
business operations.
Trade agreements such as CARIMA, WTO, NFTA provide a
better playing ground for member states to interact with
Jamaica.
The increase in corruption rates is a delimiting factor.
The GDP of the state is also attractive to investors.
The low unemployment rate facilitates this.

11
Turnkey projects is a suitable strategy as it is most applicable in
countries that rely on services as it is in this case. Services such
as environmental consulting are appropriate in this state.
It is one of the best ways of getting assurance in payment as the
government in most cases is the buyer.
Cultural Awareness
The cultural elements to be considered in this case include the
tariffs present.
A country will be placed better if it is sharing a general trade
agreement with the state.
Other factors such as the way of life of the citizens will not
affect as the relationship is between the government and the
service provider.
12
References
Commisceo Global. (2019). Jamaica - Language, Culture,
Customs and Etiquette. Retrieved from https://www.commisceo-
global.com/resources/country-guides/jamaica-guide
Hofstede Insights. (2019). Country comparison: What about
Jamaica? Retrieved from https://www.hofstede-
insights.com/country-comparison/jamaica/
Jamaica map
https://www.google.com/maps/place/Jamaica/data=!4m2!3m1!1s
0x8eda2a1bc6cf719d:0x59a0d1c0b5120efa?sa=X&ved=2ahUKE
wj18-Ps8dzkAhUpxYUKHWOeDmUQ8gEwKHoECA4QBA
Transparency International. (2015). Corruption by
country/territory: Jamaica. Retrieved from

https://www.transparency.org/country/JAM
13

Forecasting Staff Needs for Carrefour and Tesco Nelson Romer.docx

Recommended

Recommended

More Related Content

Similar to Forecasting Staff Needs for Carrefour and Tesco Nelson Romer.docx

Similar to Forecasting Staff Needs for Carrefour and Tesco Nelson Romer.docx (17)

More from shericehewat

More from shericehewat (20)

Recently uploaded

Recently uploaded (20)

Forecasting Staff Needs for Carrefour and Tesco Nelson Romer.docx