Question Introduction to Business Assignment: Emerging Economies

Introduction to Business

Assignment: Emerging Economies

Assignment: You will choose one country considered an emerging economy, research it, and

propose to a business that they expand operations in some way to that country.

Here’s how: Imagine that you are a junior executive in an American company of your choice,

writing a proposal to your CEO. Write a recommendation that your company undertakes ONE of

the options below in the emerging economy of your choice.

1. Open a plant in that country for manufacture of products to be shipped back to the U.S.,

2. Open a plant in that country for manufacture of products to be sold in that country or

another foreign country,

3. Open an of?ce to serve that market, or

4. Export your existing products to that market.

The purpose of this assignment is to get you thinking “outside the U.S”—to try and get you to

imagine what life and business is like in countries that are very different than ours. International

students will have an advantage here.

I also want you to try and imagine trying to conduct business without the infrastructure that is so

widespread in American life we consider it a given: ef?cient phone service, computer access and

dependable (usually!) connections, reliable shipping methods over decent roads and dependable

railways, a currency that is accepted around the world, banks that can accept and transfer money

anyplace on the planet and are safe repositories for your company’s earnings. Take away even

one of those things and imagine how things would change.

The United States evolved from an agrarian economy to our current developed one in 200

years. Emerging economies are trying to compress that process into only a few years, and it’s

proving a very bumpy road for many of them.

SUGGESTED PROCEDURE:

I. Research your chosen country.

Emerging economies include but are not limited to Singapore, Chile, Estonia, Peru, Slovenia,

South Africa, Lithuania, Venezuela, Taiwan, Kuwait, Latvia, Romania, Ivory Coast, Mexico,

Zimbabwe, Guatemala, Hungary, Poland, North Korea, Russia, Vietnam, and China.

See the document, “A Few Suggestions,” for more info. There are also a few resources listed at

the end of this assignment.

II. Write your recommendationa. You are writing as the employee of a FOR-PROFIT business, not a non-pro?t

agency. Most, if not all, of these countries are in dire need of the type of

assistance offered by non-pro?ts, but for this assignment we are concentrating on

a business. You must support your proposal by pointing out the advantages to the

business, not just to the country involved.

b. I want to see the company name in the title, salutation, or ?rst sentence of your

paper. For example….

• “Tully’s Expansion into Ethiopia” (title)

• Memo To: John Jones, CEO

Boise Cascade Company

• “I propose that Boeing expand production into Namibia….”

c. You are recommending that an identi?ed company expand a certain type of

operation in a named country.

• For example, you recommend to the CEO of Starbucks that they begin

opening stores in Romania. Better yet, recommend to Howard Schulz

(Starbucks CEO) that they establish coffee carts rather than the usual stores,

starting in Bucharest, because foreign investors are forbidden bay law from

leasing more than 200 square feet of commercial property, yet coffee is a

strong part of the Romanian culture. (This example is facetious, of course).

• DON’T make a recommendation that some vague Company X open a branch

of?ce offering unde?ned services in, oh, say, Nigeria.

• You will explain the advantages and challenges for your company by covering

the following points:

? What is the size of this market? What is the average income? Which of

your company’s products do you see a demand for and why? Does the size

of the market justify this expansion? Would it be the beginning of an

expansion into a larger geographic area?

? What is this government’s stance on foreign investment and U.S.

businesses operating in their country?

? What is the condition in that country that would affect business

operations? I.e., transportation, communication, ?nancial systems,

economic conditions, culture.

== > READ THIS – READ THIS – READ THIS – READ THIS – READ THIS <==

· DON’T include a lot of obviously copied and pasted factoids off the Internet

(“5,000 miles of railroads, 14 radio stations and 3 TV stations…the currency is the Naira.”) Yes, discuss the country’s infrastructure, but in the context of how it will

affect your proposed operation.

If I detect plagiarism (which is pitifully easy to spot), I will not be a happy camper.

Draw your own conclusions about how it will affect your grade.

III. Include a paragraph describing a community service project your company will

undertake in this country.

As part of the negotiations with the foreign government, and in part to meet your

company’s social responsibility, your company will agree to donate time and money

towards helping this country’s developing economy in some way. It could be by

providing products, services, expertise, whatever. For example, if you are an engineering

?rm, you might oversee the building of a bridge or roads connecting key trading areas if

that country’s transportation infrastructure is lacking. You will determine what this

country needs and how your company can help.

IV. Cite your sources.

Include all your sources: books, newspapers, Internet, personal interviews, video, etc. For

formatting guidelines, use MLA Style formatting. You will ?nd an index to different style

formats at http://www.monroecc.edu/depts/library/mla.htm.

Submit two concise, organized, well-written pages of text (that means two pages excluding

citations). Top executives are pressed for time, and you need to deliver a good argument in a

relatively short space. Don’t bore or annoy the reader by going on at length about the country’s

history, etc. when it is not directly tied to some point you’re making in the proposal.

IMPORTANT NOTE:

I’ll say it again. Beware of copying and pasting off the Internet—this is called plagiarism,

and I will be checking your sources. By all means use the information on the Internet, but

cite your sources and use your own words. If I identify any plagiarism, that assignment will

automatically receive a zero.

Grading:

• Demonstrates understanding of conditions in the country: 25 pts

• Demonstrates understanding of how American company can advantageously trade with

this country : 8 pts.

• Recommended social responsibility project demonstrates what is needed to move towards

market economy: 5 pts.

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