Assignment Instructions/ Description
Discussion 1Which factors could create the most risk for doing business in your selected country and how would you mitigate that risk? Be analytical and persuasive. Create a report outlining your research and indicating whether you would recommend the country as a place for expansion and provide the reasoning behind your decision.Please limit your response to 7In working out your responses to the Question, you should choose examples from your own experience or find appropriate cases on the Web that you can discuss. Credit will be given for references you make to relevant examples from real companies. Please make sure that you cite and reference all your outside sources properly, as per the Harvard Referencing System.According to a report published by the HSBC Bank in 2010, “Countries with young, entrepreneurial and well-connected populations like Ghana and Ethiopia have particularly strong commitments to change and therefore big opportunities to pursue speedy growth... Meanwhile in South America, Argentina's trade has jumped by more than 10% since 2000 and Brazil's by more than 50%." As a business makes the decision to enter a new market, it is important that it does the research necessary to ensure that the expansion will be beneficial for both parties. After reviewing the resources for this week, respond to the following:Your company is planning to expand its business and wants to do so into an emerging market. Upper management has selected a country and in your position as head of the planning committee, you have been asked to make a recommendation as to the viability of doing business in that country. For this scenario, you must select one of the BRIC countries (i.e., Brazil, Russia, India or China) as the location you are to evaluate, but do not choose your own country if it is one of these. For the country you have selected, research and analyse the demographic, economic, socio-cultural and political-legal factors that your firm would need to consider if expanding into this particular market.Which factors could create the most risk for doing business in your selected country and how would you mitigate that risk? Be analytical and persuasive. Create a report outlining your research and indicating whether you would recommend the country as a place for expansion and provide the reasoning behind your decision.Please limit your response to 750 words - 800 words and also supplement your observations with some original secondary-sourced references drawn from the online library or other reliable sources. Remember to cite and reference examples from the Resources for this week.
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