Assignment Instructions/ Description
INT 422 Final Project Guidelines and Rubric Overview The final project for this course is the creation of an analysis and strategic report. As an international business manager, you will be expected to integrate effective, culturally sensitive, and business-minded strategies to mitigate the impacts of internal and external challenges that commonly occur in international business environments. Throughout this course, you will act as a decision maker for an international business, practicing the skills and abilities necessary for such a professional. Your final project will require you to reflect upon this experience and the knowledge you have gained throughout the program, evaluate the decisions made based on analysis of the corresponding results, and plan strategically for future decision making and management of your international company. You will run the GlobalDNA simulation four times, each time reflecting upon your decisions and the outcomes. The simulation rounds and debriefings will take place in Modules Two, Three, Four, and Five. Your completed analysis and strategic report is due in Module Seven. In this assignment, you will demonstrate your mastery of the following course outcomes: • Integrate interdisciplinary strategies into a plan for managing international resources to mitigate risk • Develop adaptive plans for managing external factors that impact internal strategies and objectives • Analyze cultural, economic, and political environmental factors for informing international decision making • Analyze business factors, organizational data, and past business decisions for informing strategic international business management decisions • Select managerial strategies that address legal and ethical issues in an international business environment Prompt Based on your knowledge and in-class experience regarding the management of international business functions, international barriers and challenges, and ethical and legal standards, reflect on past decisions and recommend strategies to better mitigate internal and external forces that challenge business success. Specifically, the following critical elements must be addressed: I. Introduction Detail the company and background information. This should include the type of company and the product or service, target market, political environment, or whatever information is necessary to set the stage for your report. II. Analysis A. Domestic Activities: Analyze the domestic activities and decisions that you made during the course in conjunction with the observed results. Some things to consider include the impacts of specific decisions made and the types of activities and their intended purposes. B. Domestic Strategies: What business strategies did you use in making these decisions and why? Reflect on the strategies used in terms of their appropriateness. C. Domestic Culture: Explain the key characteristics of the domestic culture in terms of its impact on the organizational culture. During the course, you discussed cultural and social aspects of international business, so use those experiences and any research you may have done to inform your explanations. D. Domestic Law and Politics: Discuss any legal and political issues that could impact your company and decisions regarding the domestic market, based on your own research and the considerations of law and politics you learned throughout the course. If your organization was a real organization in today’s environment, what would you need to consider? E. International Location Decisions: During the course, your company expanded into an international location. Discuss the cultural, legal, economic, and political factors you may have analyzed to inform your decision regarding the location for expansion. If you did not analyze any of these factors, analyze them and discuss how your decision may or may not have changed. F. Business Factors: What business factors and organizational data or information did you analyze while making the decision for expansion into your international area? Why? III. External Factors and Risk Mitigation A. External Impacts: Discuss the external factors that influence or impact your company and why these impacts occur. B. External Factor Management: Explain how you attempted to manage these external factors to prevent impacts on business goals. C. Risk: Discuss the areas of risk that your company could fall prey to, including areas of risk that may go beyond financial risk. In other words, what are the biggest risks for your company and why? D. Resource Risk Mitigation: Discuss various strategies that can be integrated into a plan for managing resources for your international company to mitigate risk. E. International Risk Mitigation: Given your discussions and knowledge of the multiple sources of risk that could impact an internationally operating company, what interdisciplinary strategies could be integrated to mitigate the various risks beyond resource-related risk? IV. Future Planning A. Future Decisions: Analyze your past business decisions—those made throughout your course experience—and discuss the how these decisions and their corresponding results could be used to inform future decision making in your international company. B. Dynamic Plan: Develop a dynamic plan for managing the impact of external factors on internal strategies and objectives based on your experiences in the course. C. Law for Management: What managerial strategies would you use to address the specific legal concerns and issues for your company in today’s international business environment and why? This will require you to research your area of expansion and the domestic environment. D. Ethics in Management: What managerial strategies would you use to address the ethical concerns and challenges your company could encounter in today’s international business environment? Note: There are no milestone submissions in this course. You will run the simulation, the basis of your report, four times (in Modules Two, Three, Four, and Five), acquiring new knowledge and experience in each round. At the end of each round, you will debrief with your peers and your instructor, discussing the application of concepts, the decisions made, and the outcome. After the third round of the simulation (Module Four), you should begin to outline your final project according to the sections above. Feel free to share your outline with your team to get feedback.
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