create a report that achieve the following objectives: Knowledge 1. Describe the international business environment in the Caribbean. 2. Evaluate the environment in which international business is conducted. 3. Differentiate the international opportunities and challenges facing Caribbean firms. 4. Identify current issues affecting the conduct of international business, particularly for Caribbean firms. 5. Evaluate the impact of globalization on strategy formulation and implementation of Caribbean businesses Skills 6. Formulate an international strategy including applying different modes of entry into a foreign market for an existing or fictitious company. 7. Integrate issues of cultural and societal diversity into the international business decision process. 8. Develop strategies for leveraging cultural diversity into business operations Attitudes 9. Appreciate the implication of current world events for the practice of international business. choose a product from a corporation and assess the organization based on the requirements below which are relevant to topics covered in the course. apply analytical and problem-solving skills in a global context. Requirements: imagine you are hired as a consultant by Yellowstone Inc. to prepare a report based on the undermentioned criteria. choose a product from a CARICOM Caribbean Company (MEMBER STATES ONLY) in the food-processing sector with information available on the internet, that is currently not available by any means outside of the CARICOM Caribbean region (MEMBER STATES ONLY). conduct a comprehensive study of the international business environment, that is, the geography, history, politics, government, economics, and culture of a new country, outside of the CARICOM Caribbean region, from which you believe the product chosen could be sold profitably. Propose a strategy for internationalization. Looking particularly at entry strategies that could be utilized as discussed in the course. keep in mind the domestic realities of the company and the chosen product by conducting a situation analysis to start. please suggest an international strategy after an analysis of all strategies discussed in the course. report must include scholarly peer reviewed journal sources which can be found via Google Scholar. The Report must be presented in a report format. The following is the format which must be utilised. Format 1. 2. Executive Summary a. Overview of all areas to be addressed in the report 3. Background Information a. Background of the chosen company b. Detailed information on the product c. Detailed SWOT Analysis of the company (information on the product must be included); full sentences must be included 4. Body a. Country Analysis of chosen country with links to the product chosen included. i. Geography, History ii. Political analysis iii. Economic analysis iv. Cultural analysis 1. Hofstede’s dimensions must be included as part of the analysis b. Mode of Entry Decision Criteria i. Discussion on the five (5) entry modes should be discussed. ii. Analysis and rationale of the chosen entry mode for the company and its product in the selected country (note, the decision criteria must be feasible based on the country analysis and product) c. International Strategy Criteria i. Suggest an international strategy as discussed in the course for the company and its product in the selected country based on a discussion of all strategies discussed in the course (note, the selection must be feasible based on the country analysis and product) Conclusion a. Restate main points as included in each section and way forward in the future. b. Synthesize the entire paper drawing conclusions
create a report that achieve the following objectives:
Knowledge
1. Describe the international business environment in the Caribbean.
2. Evaluate the environment in which international business is conducted.
3. Differentiate the international opportunities and challenges facing Caribbean firms.
4. Identify current issues affecting the conduct of international business, particularly for
Caribbean firms.
5. Evaluate the impact of globalization on strategy formulation and implementation of
Caribbean businesses
Skills
6. Formulate an international strategy including applying different modes of entry into a
foreign market for an existing or fictitious company.
7. Integrate issues of cultural and societal diversity into the international business decision
process.
8. Develop strategies for leveraging cultural diversity into business operations
Attitudes
9. Appreciate the implication of current world events for the practice of international business.
choose a product from a corporation and assess the organization based
on the requirements below which are relevant to topics covered in the course. apply analytical and problem-solving skills in a global context.
Requirements:
imagine you are hired as a consultant by Yellowstone Inc. to prepare a report based on the
undermentioned criteria.
choose a product from a CARICOM Caribbean Company (MEMBER STATES
ONLY) in the food-processing sector with information available on the internet, that is
currently not available by any means outside of the CARICOM Caribbean region (MEMBER
STATES ONLY). conduct a comprehensive study of the international business
environment, that is, the geography, history, politics, government, economics, and culture of a
new country, outside of the CARICOM Caribbean region, from which you believe the
product chosen could be sold profitably. Propose a strategy for internationalization. Looking
particularly at entry strategies that could be utilized as discussed in the course. keep in mind the domestic realities of the company and the chosen product by conducting a
situation analysis to start. please suggest an international strategy after an
analysis of all strategies discussed in the course. report must
include scholarly peer reviewed journal sources which can be found via Google Scholar.
The Report must be presented in a report format. The following is the format which must be
utilised.
Format
1.
2. Executive Summary
a. Overview of all areas to be addressed in the report
3. Background Information
a. Background of the chosen company
b. Detailed information on the product
c. Detailed SWOT Analysis of the company (information on the product must be
included); full sentences must be included
4. Body
a. Country Analysis of chosen country with links to the product chosen included.
i. Geography, History
ii. Political analysis
iii. Economic analysis
iv. Cultural analysis
1. Hofstede’s dimensions must be included as part of the analysis
b. Mode of Entry Decision Criteria
i. Discussion on the five (5) entry modes should be discussed.
ii. Analysis and rationale of the chosen entry mode for the company and its
product in the selected country (note, the decision criteria must be feasible
based on the country analysis and product)
c. International Strategy Criteria
i. Suggest an international strategy as discussed in the course for the company
and its product in the selected country based on a discussion of all strategies
discussed in the course (note, the selection must be feasible based on the
country analysis and product)
Conclusion
a. Restate main points as included in each section and way forward in the future.
b. Synthesize the entire paper drawing conclusions
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