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Discuss the primary factors that motivate companies to expand internationally.
Instructions:
A few general notes about these group discussions:
· Cite your source! (Not citing sources will result in deductions).
· The initial post and peer replies must be different! In other words, do not reuse your initial post for your peer replies.
· Provide concrete examples, perhaps from your own experience or cited from the reading
· Identify consequences or implications
· When completing peer replies, challenge something that has been posted – perhaps by playing devil’s advocate in a professional way
· Pose a related question or issue
· Suggest a different perspective or interpretation
· Pull in related information from other sources with proper citation – books, articles, websites, courses, etc.
· Please note that simply affirming the viewpoints of others does not contribute to online discussion so thus is not counted in relation to grading.
The TurnItIn program will be utilized for discussion posts. Student’s grades will be docked for TurnItIn similarity over 20%.
Topics for discussion will be found in each’s Module’s discussion assignment.
Each Module stands on its own. Thus, you cannot make-up points from a previous Module. Please make every effort to participate in all discussions.
The grading for each Discussion Forum will be broken into to two components. Up to 30 points can be received from the student’s answer to the initial discussion question and up to 20 points will be divided between the student’s two responses to their peers.
See the following Rubric for grading details:
Points
Discussion Posting Grading Rubric To Be Used to Grade Student’s Response to the Discussion Question
25-30
This posting will thoughtfully summarize and evaluate the case assigned, using sound arguments and clear prose. A stellar posting that will contain virtually no grammatical errors or typos. Not only will such a post engage with the ongoing conversation in a rhetorically suitable fashion, it will foster further discussion on the topic, perhaps exploring new lines of argument or different perspectives. This isn’t just a response; it’s proof that you are facilitating learning both for yourself and your fellow students. This posting corresponds to an A. The word count must be a minimum of 300 words.
20-25
This posting is a competent response to the subject: it’s at least 250 to 300 words long, it addresses the question, without going into much detail, and it contributes to the overall conversation as another voice on the subject. This posting amounts to a B.
15-20
This posting responds to the subject. While it may be 200 to 250 words long, more or less, it addresses the question, but does not contribute to the overall conversation as another voice on the subject. This posting simply rehashes the thoughts of others, either the text or peers. It is possible this student read the answers of others to help them formulate their own response. This posting amounts to a C.
0-15
This posting reflects a less-than-adequate engagement with the subject, or is noticeably under the required word count. It does little to advance the discussion underway, and may even detract from it. – Or – No posting, late posting, or a post that is but the briefest nod toward a response
Points per response
Discussion Posting Grading Rubric To Be Used to Grade Student’s Response to Peers (two peer relies required)
5-10
Contributes to discussion with clear, concise comments formatted in an easy to read style that is free of grammatical or spelling errors. Demonstrates analysis of others’ posts; extends meaningful discussion by building on previous posts. This post is 50 – 100 words long. This posting corresponds to an A or B.
0-5
Communicates in friendly, courteous and helpful manner with some errors in clarity or mechanics. Posts shallow contribution to discussion (e.g., agrees or disagrees); does not enrich discussion. This posting amounts to a C. – Or – No posting or late posting or posts that are long, unorganized or rude content that may contain multiple errors or may be inappropriate. This posting amounts to a D or F.
REPLAY FOR THIS DISCUSSIONS
Discussion-1:
The main factors are culture, legal and regulatory barriers, foreign government consideration, and business case. The cultural similarities can be critical to consider while expanding globally. Underestimating the consequences of cultural differences would be ignoring. Understanding the civilization and its necessaries comes into play while expanding the company internationally since the company cannot neglect the needs of the market, the company, and what they are in need of. Legal and regulatory barriers are huge for a company that is expanding international markets. This is due to the responsiveness of the product that is served, the rules of the current government, the company’s pliability around steer due to these factors. The aspects to consider foreign government is currency exchange rates, transportation and communication options, employment and immigration laws, access to materials and resources needed, and government assistance programs for trade. The services of businesses should respond to the challenges of the market (Delaney, 2020).
There are several reasons for a company to expand internationally. They are profitability and growth, the economics of scale, services or product uniqueness, risk diversification, spreading research and development, ideas, and the resources and employees. Introducing the products internationally can extend sales, customer base, and revenue. Each organization needs the employees who are skilled and trained, like the resulting company which has moved to a universal market in search of alternative labor for a lesser cost. For a domestic country, the resources available are less or the company with a better rate of competition moves to the international market. Expanding the market the company easily recovers from the R and D cost. In different countries, selling the products reduces the exposure of the business with the economic uncertainty within the company. The products with different qualities will not meet competitiveness in foreign markets. Approaching the international market gives the economy of scale even there is the passage of costs and risk among markets (Shane, 1996).
References
Delaney, L. (2020). 20 Factors to Consider Before Going Global. Retrieved 26 May 2020, from https://www.entrepreneur.com/article/75138
Shane, S. (1996). Why franchise companies expand overseas. Journal Of Business Venturing, 11(2), 73-88. doi: 10.1016/0883-9026(95)00110-7
Discussion-2
Primary Factors Motivate Companies to Expand Internationally
The organizations had shifted their focus towards promoting their business into the international market in order to enhance success. In modern times, industrialization is considered an evolving movement in many countries, and entrepreneurs are becoming game-changers for these evolutions (Brymer & et al., 2020). There various preeminent strategies that can promote a company globally. The organization requires identifying the best business plan which can be promoted locally as well as internationally. So, the business plan should always be executed in terms of an international perspective. For instance, a flying machine is a well-noted jeans brand that was manufactured, but only a few know the fact that it’s an Indian product that gained international attention (de Vasconcellos & et al., 2017).
Secondly, to promote the profits of a company one should always plan to expand the business. International brands like Samsung, Toyota got successful in other countries because they have concrete information on the preferences of people in their respective countries. Culture plays a significant role in improving profits were adopting an appropriate strategic organization culture is always essential. For instance, Starbucks being a well-reputed franchise in the United States is facing a huge loss in India because it could not grasp the culture over there (Shinya & Hiroyuki, 2017). While planning to expand any business it is always important to make ground research about the culture and lifestyle of people in that country (Brymer & et al., 2020). This will assist in enhancing a mark over the opening of a new market where is the main aspect involved in expanding towards the global market.
In the contemporary world, diversification is termed as development in business. There are many companies locally that were getting destructed due to political influences. So, one should always try to expand the company to stay still in the home market and getting promoted internationally (Shinya & Hiroyuki, 2017). For instance the government of India has given waivers for globalized companies as encouragement which includes reducing the taxes. Hiring employees from other countries is another way of welcoming diversification in a company. It gives scope for establishing new relations with foreign countries and also in making they invest more which can yield in promoting company globally (Shinya & Hiroyuki, 2017). According to me, focusing on the innovation standards for evolving business plays a vital role. So Implementing innovatory ideas are one way of throwing limelight on the business. These factors will assist the companies in expanding internationally.
References
Brymer, R. A., Boss, D. S., Uhlenbruck, K., & Bierman, L. (2020). Internationalization’s Effect on Mobility and Firms’ Employee-Based Resources. Academy of Management Perspectives, 34(1), 114–134. https://doi.org/10.5465/amp.2016.0179
De Vasconcellos, Sílvio Luís, Jefferson Marlon Monticelli, Cyntia Vilasboas Calixto, and Ivan Lapuente Garrido. (2017). “Prospecting Theoretical Approaches to Understand Internationalization of Creative Economy Firms.” Internext: Revista Electrônica de Negócios Internacionais Da ESPM 12 (3): 77–92. https://doi:10.18568/1980-4865.12377-92
Shinya Suzuki, & Hiroyuki Okamuro. (2017). Determinants of Academic Startups’ Orientation toward International Business Expansion. Administrative Sciences (2076-3387), 7(1), 1. https://doi.org/10.3390/admsci7010001
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