Assignment 1: Expansion into a Foreign Market, Part I Due Week 4 and worth 300 points Assume that you are a consultant who has been hired by a major existing company of your choice to assist it in expanding its global operations. Options available to you range from foreign direct investment (FDI) to simple exporting to a joint venture. Your task is to select a country of your choice, other than the USA, and examine the country’s culture, politics, laws, ethics, and economics. For each of these topics, provide a supported example of the manner in which the topic in question will contribute positively or negatively to the country and its people, as well as to the company and its operations. Note: Avoid expressing personal opinions of the market.

1. ITB 305 Week 4 Assignment 1 Expansion into a Foreign Market, Part
I
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Assignment 1: Expansion into a Foreign Market, Part I
Due Week 4 and worth 300 points
Assume that you are a consultant who has been hired by a major existing
company of your choice to assist it in expanding its global
operations. Options available to you range from foreign direct
investment (FDI) to simple exporting to a joint venture. Your task is to
select a country of your choice, other than the USA, and examine the
country’s culture, politics, laws, ethics, and economics. For each of these
topics, provide a supported example of the manner in which the topic in
question will contribute positively or negatively to the country and its
people, as well as to the company and its operations. Note: Avoid
expressing personal opinions of the market.
Note: Use the Internet or the Strayer Library to research articles on the
company and the economic, cultural, and political / legal aspects of the
country that you selected.
Write a six to eight (6-8) page paper in which you:
1. Briefly describe the company and industry of your choice that you
work for in your assumed role of consultant. Next, based on your
research, select the country to which you would like your company to
expand. Provide a rationale for your selection of the country in question.

2. 2. Determine the key institutional constraints that must be considered.
Next, analyze whether or not the institutional constraints you determined
support the market entry into the new country that you selected.
3. Conduct a VRIO (Value, Rarity, Imitability, Organization) analysis
to determine whether or not conditions support the proposed market
entry.
4. Analyze the major cultural and political aspects of the international
business environment. Next, suggest one (1) strategic action that the
company should take in order to address the associated cultural and
political issues. Provide a rationale for the response.
5. Determine the option (e.g., exporting, joint venture, FDI) that you
believe the company should pursue. Provide a rationale for the response.
6. Determine three (3) major difficulties that may occur based on the
option you selected in Question 5. Next, suggest the best strategy that
the company should leverage in order to confront each major difficulty,
should it arise. Justify the response.
7. Use at least three (3) quality academic resources in this
assignment. Note: Wikipedia and other Websites do not quality as
academic resources.
Your assignment must follow these formatting requirements:
· Be typed, double spaced, using Times New Roman font (size 12),
with one-inch margins on all sides; citations and references must follow
APA or school-specific format. Check with your professor for any
additional instructions.
· Include a cover page containing the title of the assignment, the
student’s name, the professor’s name, the course title, and the date. The
cover page and the reference page are not included in the required
assignment page length.
The specific course learning outcomes associated with this assignment
are:
· Assess the current trends and impact of globalization on labor,
business operations, and government.

3. · Analyze the major economic, cultural, and political / legal aspects
of the international business environment, including the economic
dynamics of foreign trade, regional and global trade integration, and key
cultural dimensions.
· Apply the concepts of value creation / value chain and formulate
competitive market entry strategies that leverage the advantages of
international operations.
· Use technology and information resources to research issues in
the international business environment.
· Write clearly and concisely about the international business
environment using proper writing mechanics.
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